Tag: chief
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Pakistan military chief seeks U.S. help on release of IMF loan
ISLAMABAD (AP) — Pakistan’s powerful army chief has contacted Washington, seeking U.S. help in securing an early release of a crucial $1.7 billion installment from the International Monetary Fund to his country, struggling with a deepening economic crisis, Pakistani officials said Saturday. According to several government officials, Gen. Qamar Javed Bajwa discussed the issue with…
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Retired Navy chief Robert L. Murray Jr. accused of bilking investors out of thousands
A retired U.S. Navy chief petty officer is accused of targeting current and former members of the military in a fraudulent investment scheme that raked in more than $350,000. Robert L. Murray, Jr., also is accused of spending half the funds on gambling and other personal expenses, according to the U.S. Securities and Exchange Commission.…
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Fed chief Jerome Powell unconvinced U.S. is in recession after raising key interest rate
The Federal Reserve raised a key interest rate again by three-quarters of a percent on Wednesday to contain soaring inflation, but Fed Chairman Jerome Powell said he doesn’t see evidence of a recession and suggested that future rate increases will be smaller. Stocks soared on the development. The Fed announced the fourth increase in the…