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.

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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.

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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.

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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.

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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.

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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,.

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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.

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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.

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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.

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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..

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