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Visa has terminated global debit card agreements with FTX

NEW YORK, Nov 13 (Reuters) - Visa Inc V.N , the world's largest payments processor, said on Sunday it was severing its global credit card agreements with collapsed crypto exchange FTX. "The situation with FTX is unfortunate and we are monitoring developments closely," a Visa spokesperson told Reuters. "We have terminated our global agreements with FTX and their U.S.
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Safaricom's first-half income hit by rising cost of living

(Rewrites throughout) By Duncan Miriri NAIROBI, Nov 11 (Reuters) - Safaricom SCOM.NR , Kenya's biggest telecoms operator, reported a drop in its first-half net income on Friday, citing higher cost of living, rapid inflation and an expensive network rollout in Ethiopia. Core earnings at the company, part-owned by South Africa's Vodacom VODJ.J and Britain's Vodafone VOD.L , fell 11.5% in the six months to the end of September, while net income slid by 10%.
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S&P 500 ends lower, snapping rally on mounting slowdown fears

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Meta sinks after reporting third quarter results * Bank of Canada announces smaller-than-expected 50 bps hike * Boeing earnings miss sends shares falling * Indexes: Dow up 0.01%, S&P off 0.74%, Nasdaq down 2.04% (Updates to with closing prices) By Stephen Culp NEW YORK, Oct 26 (Reuters) - The S&P 500 ended a three-day winning streak on Wednesday, closing in negative territory as gloomy
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S&P 500 ends lower, snapping rally on mounting slowdown fears

(Corrects to delete reference to Apple earnings) * Microsoft, Alphabet drop on slowdown fears * Bank of Canada announces smaller-than-expected 50 bps hike * Boeing earnings miss sends shares falling * Visa gains on Q4 profit beat as payment volumes surge By Stephen Culp NEW YORK, Oct 26 (Reuters) - The S&P 500 ended a three-day winning streak on Wednesday as dour earnings guidance added to mounting fears of a global economic slowdown.
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S&P, Nasdaq pulled lower as tech earnings misses fuel slowdown fears

(Corrects to delete reference to Apple earnings) * Microsoft, Alphabet drops on slowdown fears * Bank of Canada announces smaller-than-expected 50 bps hike * Boeing earnings miss sends shares falling * Visa gains on Q4 profit beat as payment volumes surge * Indexes: Dow up 0.50%, S&P off 0.16%, Nasdaq down 1.30% By Stephen Culp NEW YORK, Oct 26 (Reuters) - Wall Street wavered on Wednesday, poised to snap a three-day rally as dour earnings guidance added to mounting fears of a global economic slo
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Nasdaq futures drop nearly 2% as weak tech earnings fan slowdown fears

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Microsoft drops on dour forecast * Alphabet warns of slowing ad spend * Shares of ad-dependent social media firms fall * Visa gains on Q4 profit beat as payment volumes surge * Futures down: Dow 0.22%, S&P 0.82%, Nasdaq 1.82% By Amruta Khandekar and Shreyashi Sanyal Oct 26 (Reuters) - Futures tied to the tech-heavy Nasdaq index fell nearly 2% on Wednesday as disappointing results and w
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Nasdaq futures drop over 1% as weak tech earnings fan slowdown fears

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Microsoft drops on dour forecast * Alphabet warns of slowing ad spend * Shares of ad-dependent social media firms fall * Visa gains on Q4 profit beat as payment volumes surge * Futures down: Nasdaq 1.59%, Dow 0.12%, S&P 0.70% By Amruta Khandekar Oct 26 (Reuters) - Futures tied to the tech-heavy Nasdaq index fell more than 1% on Wednesday as disappointing results and warnings from Micro
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'Seismic shift' in bank payments to help business and consumers, says EU

By Huw Jones LONDON, Oct 26 (Reuters) - Forcing banks across the European Union to offer instant payments in euros is a "seismic" shift to make the economy more efficient and reap savings for businesses and customers, the bloc's financial services chief said on Wednesday. Mairead McGuinness proposed a draft EU law that will require banks across the 27-country union to offer and receive "instant payment" (IP) services for a fee that is the same or lower than they charge for traditional credit tra
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Wall Street Journal - Oct 18

Oct 18 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - The Pentagon and SpaceX have held discussions about funding for the company's Starlink internet service in Ukraine, a senior military official said Monday, but Elon Musk indicated that SpaceX is no longer seeking that support.
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Italy's MPS commits to disposals as it works to secure investors

* EU publishes decision over new deadline, turnaround goals * MPS says plan progressing on schedule * Aims to clinch deal with cash call investors this week-sources By Valentina Za and Giuseppe Fonte MILAN, Oct 3 (Reuters) - New restructuring commitments agreed by Italy and the European Union over state-owned bank Monte dei Paschi di Siena (MPS) BMPS.MI include disposals worth up to 400 million euros ($391 million), a document showed on Monday.
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Brazil's central bank to limit prepaid card interchange fee in setback for fintechs

BRASILIA, Sept 26 (Reuters) - Brazil's central bank on Monday said it would set a 0.7% limit for interchange fees for prepaid cards, which are offered by fintechs in free digital accounts, in a setback for the booming sector in Latin America's largest economy. The central bank had put the issue out for public consultation last year, but its proposal suggested a maximum rate of 0.5% for both debit and prepaid cards, which would be even more damaging to fintechs.
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Russia's SWIFT alternative expanding quickly this year, says c.bank

* This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine By Alexander Marrow KAZAN, Russia, Sept 23 (Reuters) - The reach of Russia's alternative to the SWIFT international messaging system has grown at record pace this year, the central bank said on Friday, as Moscow ramps up efforts to resolve financial shortcomings wrought by sanctions.
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Uzbekistan halts use of Russia's Mir payment cards

TASHKENT, Sept 23 (Reuters) - Uzbekistan's UZCARD system has suspended the processing of payments via Mir cards issued by Bank of Russia's National Card Payment System (NSPK), the chief executive of which has been targeted by U.S. sanctions. The move by UZCARD was warranted by the need "to carry out the necessary technical procedures", it said in a statement on Friday.
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Wall Street Journal - Sept 12

Sept 12 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Trevor Milton, the Nikola Corp NKLA.O founder, faces a securities-fraud trial beginning this week on allegations that he lied about his company's development of environmentally friendly technology.
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Financial Times - August 25

Aug 25 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Another brick in the Wall Street as Blackstone eyes Pink Floyd catalogue Link - Billionaire investor Daniel Och targets Sculptor CEO over 'escalating pay' Link - British steelmakers forced to pay 25% tariff on N Ireland sales Link - Visa and Mastercard blame fraud for post-Brexit fee increases Link Overview - U.S.
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Brazil's central bank chief predicts end of credit cards

BRASILIA, Aug 12 (Reuters) - Brazil's central bank chief Roberto Campos Neto on Friday said he believes credit cards will cease to exist soon due to the growth of the open finance system, through which clients authorize financial data sharing with different institutions. Open finance is a central bank project that has been implemented in phases since 2021. Speaking at an event about cryptocurrencies, Campos Neto projected that, through the system, users will control all aspects of their financia
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Brazil's central bank chief says credit card will cease to exist soon

BRASILIA, Aug 12 (Reuters) - Brazil's central bank chief Roberto Campos Neto on Friday said he believes credit cards will cease to exist soon due to the growth of the open finance system, through which clients authorize financial data sharing with different institutions. Speaking at an event about cryptocurrencies, Campos Neto said he disagreed with heavy regulation of crypto assets, but stressed that he was concerned about the concentration of custody since 80% of crypto assets were currently b
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Mastercard, Visa suspend ties with ad arm of Pornhub owner MindGeek

By Michelle Price WASHINGTON, Aug 4 (Reuters) - Visa V.N and Mastercard MA.N on Thursday said they had suspended ties with the advertisement arm of MindGeek, owner of website Pornhub, after a lawsuit raised questions over whether the payment firms could be facilitating child pornography. A federal judge in California last week rejected Visa's motion to dismiss a lawsuit by a woman who alleges the company facilitated the distribution of child pornography on Pornhub and other websites run by its p
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Mastercard, Visa suspend ties with ad arm of Pornhub owner MindGeek

By Michelle Price WASHINGTON, Aug 4 (Reuters) - Visa V.N and Mastercard MA.N on Thursday said they had suspended ties with the advertisement arm of MindGeek, owner of pornography website Pornhub, after a lawsuit alleged raised questions over whether payments companies could be facilitating child pornography. On Friday, a federal judge in California rejected Visa’s motion to dismiss a lawsuit by a woman who alleges the company facilitated the distribution of child pornography on Pornhub and oth
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S&P 500 ends see-saw session lower as Pelosi visits Taiwan

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Speaker Nancy Pelosi visits Taipei * Caterpillar falls after missing sales estimates * Uber surges after reporting positive cash flow * Indexes end: S&P 500 -0.66%, Nasdaq -0.16%, Dow -1.23% (New throughout, updates with official closing prices, volume) By Noel Randewich and Devik Jain Aug 2 (Reuters) - Wall Street ended lower after a choppy session on Tuesday, with geopolitical tensions fla
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