Economy

Economy News

Maryland bank to pay $22.9 million for concealing loans to ex-CEO’s trusts

By Jonathan Stempel and Ismail Shakil (Reuters) -A Maryland bank agreed to pay about $22.9 million to settle charges by two U.S. regulators that it failed to disclose tens of.

Read More
Economy News

U.S. grant of $1.66 billion for new buses aims to curb emissions

By David Shepardson WASHINGTON (Reuters) – The U.S. Transportation Department said on Tuesday it is awarding $1.66 billion in grants to cities and states to buy 1,800 buses in a.

Read More
Economy News

Federal Reserve issues guidance for banks considering crypto activities

By Pete Schroeder and Hannah Lang WASHINGTON (Reuters) – The U.S. Federal Reserve on Tuesday issued additional guidance for banks considering activities involving cryptocurrencies, emphasizing that firms must notify the.

Read More
Economy News

Canada inflation may have peaked but still too high -BoC’s Macklem

By Julie Gordon OTTAWA (Reuters) – Canadian inflation may have peaked, but it remains far too high, Bank of Canada Governor Tiff Macklem said in a newspaper op-ed on Tuesday,.

Read More
Economy News

U.S. spares Western states from Colorado River water cuts – for now

By Daniel Trotta and Caitlin Ochs (Reuters) – The U.S. government spared seven Western states from mandatory Colorado River water cutbacks for now but warned on Tuesday that drastic conservation.

Read More
Economy News

‘Too big for Australia’, says pension fund eyeing global expansion

SYDNEY (Reuters) – Australia’s biggest pension fund has outgrown the country and wants to quadruple in size to be a global investment powerhouse worth A$1 trillion ($700 billion) within a.

Read More
Economy News

Analysis-Loosening financial conditions threaten central bank inflation fight

By Yoruk Bahceli (Reuters) – The U.S. Federal Reserve is hiking interest rates at the most aggressive pace in a generation, but the financial conditions it needs to tighten to.

Read More
Economy News

Elliott Management has sold down remaining SoftBank stake -FT

(Reuters) -Activist investor Elliott Management has sold almost all of its remaining shares in SoftBank Group Corp after previously investing as much as $2.5 billion, the Financial Times reported on.

Read More
Business Economy News

H&M returns to Alibaba’s Tmall, 16 months after Xinjiang controversy

By Casey Hall SHANGHAI (Reuters) – Swedish fashion giant H&M’s official store on Alibaba (NYSE:BABA)’s Tmall e-commerce platform has re-opened, 16 months after the Chinese site took it down following the brand’s.

Read More
Economy News

Stocks drift, oil slumps on recession fears

By Anshuman Daga SINGAPORE (Reuters) – Asian markets struggled for direction on Tuesday, weighed by worries over global growth following weak China data that knocked oil prices and commodity-linked currencies..

Read More