(Reuters) -A planned $20 billion bailout for Argentina from JPMorgan Chase ( JPM ), Bank of America ( BAC ) and Citigroup ( C/PN ) has been shelved as bankers pivot instead to a smaller, short-term loan package, the Wall Street Journal reported on Thursday, citing sources. In October, the U.S. Treasury reached a $20 billion exchange-rate stabilization agreement with...

SINGAPORE (Reuters) -Singapore on Friday upgraded its economic outlook for 2025 as third-quarter gross domestic product growth beat market expectations and initial estimates. GDP rose 4.2% in the third quarter from a year earlier, government data showed, faster than the 2.9% official advance estimate released last month and a median forecast of 4.0% in a Reuters poll of economists. On...

(Reuters) -J.P. Morgan mirrored Morgan Stanley in withdrawing its forecast for a 25-basis-point Federal Reserve rate cut in December following a stronger-than-expected US jobs report. In a note released late Thursday, the Wall Street brokerage said it still expects the next rate cuts to occur in January and April. ...

(Reuters) -Philadelphia Federal Reserve President Anna Paulson said on Thursday she is approaching the U.S. central bank's next meeting cautiously, despite supporting its last two interest rate cuts, as the threat of prolonged high inflation needs to be balanced with the risk of rising unemployment. On the margin, I'm still a little more worried about the labor market than I...