US states sue Warburg-owned Mariner Finance, alleging predatory lending

NEW YORK, Aug 16 (Reuters) – A lender owned by private equity firm Warburg Pincus LLC was sued on Tuesday by several US states, and accused of charging cash-strapped borrowers hundreds of millions of dollars for “hidden” add-on products that they never agreed to buy. Mariner Finance, with more than 480 offices in 27 states, … Read more

Senate Finance Committee looks at Amgen taxes, widening drugmaker probe

An Amgen sign is seen at the company’s office in South San Francisco, California, October 21, 2013. REUTERS/Robert Galbraith Register now for FREE unlimited access to Reuters.com Register NEW YORK, Aug 11 (Reuters) – The US Senate Finance Committee is widening its investigation into the tax practices of US drugmakers to include Amgen Inc ( … Read more

Explainer: Britain and regulators square up over post-Brexit financial reform

LONDON, Aug 11 (Reuters) – Britain’s government proposed a far-reaching financial services law last month to exploit “freedoms” to write its own capital market rules since leaving the European Union. Approval of what is the biggest market reform in two decades is expected by May 2023. Liz Truss, the front-runner to become Britain’s next prime … Read more

Sick again, Argentina’s economy eats away at nation’s mental health -study

People exercise inside an office building, in Buenos Aires, Argentina August 9, 2022. REUTERS/Agustin Marcarian Register now for FREE unlimited access to Reuters.com Register BUENOS AIRES, Aug 10 (Reuters) – Argentines mired in their country’s latest economic meltdown are experiencing a growing sense of hopelessness, according to a landmark mental health study that points to … Read more

US power use to reach record high in 2022 as economy grows, EIA says

Power lines run from the coal fired Intermountain Power Project, which will close in 2025, outside Delta, Utah, US, on June 1, 2017. REUTERS/George Frey Register now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – US power consumption will rise to a record high in 2022 as the economy grows, the US … Read more

Truss backs powers to override financial watchdogs, says FT

Conservative leadership candidate Liz Truss attends a hustings event, part of the Conservative Party leadership campaign, in Darlington, Britain August 9, 2022. REUTERS/Scott Heppell Register now for FREE unlimited access to Reuters.com Register LONDON, Aug 10 (Reuters) – Liz Truss, the front-runner to become Britain’s next prime minister, will give ministers powers to override financial … Read more

Macquarie nearing $2.5 billion deal for Suez’s UK waste business, Bloomberg reports

The logo of Australia’s biggest investment bank Macquarie Group Ltd adorns a desk in the reception area of ​​its Sydney office headquarters in Australia, Oct. 28, 2016. REUTERS/David Gray/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 7 (Reuters) – French waste and water management company Veolia Environnement SA is nearing a … Read more

July inflation could shock Argentina’s government – economy ministry source

Aug 4 (Reuters) – Inflation in July could be so high that it will “shock” Argentina’s government, an economy ministry source told Reuters on Thursday, expecting high inflation in August as well. Former Congressman Sergio Massa took office Wednesday as economy minister in the midst of an economic crisis, announcing measures intended to ensure fiscal … Read more

Liz Truss to set out economic plans to finance sector in bid to lead Britain

LONDON, Aug 4 (Reuters) – Liz Truss, front-runner to be Britain’s next prime minister, will set out her economic plans to finance sector officials on Friday, including scrapping legacy EU laws by the end of 2023. Foreign Minister Truss is up against former finance minister Rishi Sunak to win the votes of 200,000 members of … Read more

CVS Health lifts forecast as insurance business, COVID tests boost Q2 profit

CVS Health logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Aug 3 (Reuters) – CVS Health Corp (CVS.N) on Wednesday raised its annual profit forecast after strength in its insurance business and sales of COVID-19 over-the-counter test kits helped boost quarterly … Read more