(Reuters) – Toronto-Dominion Bank is aiming to sell about $9 billion of residential mortgage loans in order to modify its balance sheet to comply with a new cap imposed by the U.S. regulators, Bloomberg News reported on Tuesday. This is a part of the plea agreement the Canadian lender reached last year with the government…
By Melanie Burton and Ernest Scheyder (Reuters) – U.S. President Donald Trump’s rollback of electric vehicle targets may temporarily slow demand for lithium and other critical minerals, but is unlikely to hamper the mining industry amid surging global EV demand, analysts and industry leaders said. Trump on Tuesday revoked predecessor Joe Biden’s 2021 executive order…
By Virginia Furness and Sinead Cruise DAVOS, Switzerland (Reuters) – Standard Chartered is set to book almost $1 billion in income in 2025 from business geared towards helping clients meet sustainability goals, CEO Bill Winters told executives at the World Economic Forum in Davos, as he doubled down on supporting the net-zero agenda. The UK…
By Stephen Nellis (Reuters) – Oracle on Tuesday released a new set of artificial intelligence agents to help salespeople with a range of tasks around dealing with customers. U.S.-based Oracle is among a wave of big tech companies focusing on creating virtual assistants that can tackle repetitive or difficult tasks with more autonomy. Microsoft and…
(Reuters) – The U.S. Securities and Exchange Commission said on Tuesday it was forming a new cryptocurrency task force to develop a comprehensive and clear regulatory framework for crypto assets. President Donald Trump, a crypto entrepreneur, has pledged his new administration will work to promote the industry’s interests, unlike the prior administration which had clashed…
By Steve Holland (Reuters) -President Donald Trump is due to announce private sector investment of up to $500 billion of artificial intelligence infrastructure on Tuesday, two sources told Reuters. OpenAI, SoftBank and Oracle plan a joint venture called Stargate, and have committed $100 billion initially and then up to $500 billion into Stargate over the…
