By Nick Carey, Akash Sriram and Ernest Scheyder (Reuters) -China’s move on Friday to curb exports of graphite, a key electric vehicle battery material, will only accelerate efforts to develop alternative sources and materials, but that will take time, industry executives and analysts said. China, the world’s largest graphite producer…

It turns out that the much-feared resumption of student loan repayments isn’t exerting as negative an influence on the economy as anticipated, according to economists at JPMorgan. The JPMorgan team, led by Michael Feroli, said the increase in student-loan repayments is not as high as it estimated before interest and…

By Niket Nishant and Jaiveer Shekhawat (Reuters) -Credit card giant American Express (NYSE:) on Friday reported third-quarter profit that beat expectations, helped by resilient spending from its wealthy customers who shrugged off concerns about an economic downturn. AmEx, which caters to a premium customer base, has largely been able to…

The International Monetary Fund (IMF) is advocating for stringent austerity measures in Pakistan’s development budget for the current fiscal year, according to a report by ARY News on Friday. The IMF has expressed worries about fund allocation for new ventures and has urged the country’s interim government to prioritize the…

By Pete Schroeder WASHINGTON (Reuters) – A trio of U.S. banking regulators announced on Friday they were giving the public extra time to digest and provide feedback on a broad proposal to raise bank capital requirements that is already facing fierce industry pushback. The Federal Reserve, Federal Deposit Insurance Corporation,…

NEW YORK (Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester said on Friday the central bank still has plenty of space to cut the size of its holdings as a complement to its tighter short-term rate stance. “There’s still more runway there” to lower the size of the…

By Belén Carreño and Anthony Boadle MADRID/BRASILIA (Reuters) – Argentina and Brazil are requesting 12.5 billion euros ($13.2 billion) in financial aid from the European Union in talks to conclude a trade agreement with South America’s Mercosur bloc, according to a document seen by Reuters. Three EU and South American…

By Polina Devitt and Amy Lv LONDON/BEIJING (Reuters) – Some graphite consumers will aim to accelerate imports of the EV battery ingredient from China in November before the country’s export curbs for some products come into force, but it may be difficult due to complex specifications, analysts said. China, the…

By Siyi Liu and Dominique Patton BEIJING (Reuters) -China said on Friday it will require export permits for some graphite products to protect national security, springing a surprise with another bid to control critical mineral supply in response to challenges over its global manufacturing dominance. China is the world’s top…

By Karen Brettell and Amanda Cooper NEW YORK/LONDON (Reuters) – The dollar touched the closely watched 150 level against the yen on Friday, before falling back again, as investors positioned for the Federal Reserve to hold rates higher for longer. A move above 150 is seen in the market as…