By Pete Schroeder WASHINGTON -Sarah Bloom Raskin ended her bid to become the top bank regulator at the Federal Reserve on Tuesday, one day after Democratic Senator Joe Manchin said …
"business"
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- Financial News
Analysis-With Raskin out, Biden may pick a moderate for Fed regulatory job
by Reutersby ReutersBy Pete Schroeder WASHINGTON -With Sarah Bloom Raskin withdrawing her nomination to become the Federal Reserve’s regulation chief on Tuesday, the White House may be forced to opt for a …
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By Foo Yun Chee BRUSSELS -EU antitrust regulators on Tuesday raided several automotive companies and associations in several countries on suspicion of breaching the bloc’s cartel rules, while Britain’s competition …
- Financial News
Argentina inflation soars; president vows ‘war’ on surging prices
by Reutersby ReutersBy Hernan Nessi and Jorge Iorio BUENOS AIRES -Argentina’s monthly inflation rocketed to 4.7% in February, the state statistics agency said on Tuesday, the highest since March 2021 and far …
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– The 2023 Cadillac Lyriq appears to be an early winner some two months before the first of the new electric crossovers begin arriving at U.S. dealers, General Motors officials …
- Financial News
First-time U.S. home buyers feeling ‘defeated’ by soaring prices, rising rates
by Reutersby ReutersBy Jonnelle Marte – Brianna Lombardozzi finally has her finances to a point where she might be able to buy a house. But she isn’t feeling great about her odds. …
- Financial News
Germany wins big as Intel spreads chip investment across six EU countries
by Reutersby ReutersBy Supantha Mukherjee, Foo Yun Chee and Jane Lanhee Lee STOCKHOLM/BRUSSELS/SAN FRANCISCO – Intel has picked Germany as the site for a huge new chipmaking complex, giving the first details …
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By Kate Holton LONDON -Delta Air Lines Inc and partner Virgin Atlantic said on Tuesday that pent-up demand for international travel meant customers were willing to pay higher fares, spurring …
- Financial News
U.S. carriers lean on ‘unparalleled’ travel demand to counter higher fuel costs
by Reutersby ReutersBy Rajesh Kumar Singh, Abhijith Ganapavaram and Kate Holton -U.S. carriers on Tuesday said travel demand has roared back after a blip caused by the Omicron coronavirus variant and would …
- Financial News
Generali investor proposes naming insurer’s Austria chief as CEO
by Reutersby ReutersBy Stefano Bernabei ROME – A leading Generali shareholder on Tuesday proposed naming the Italian insurer’s head of Austria as its new chief executive, in a challenge to the reappointment …
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By David Henry NEW YORK – The U.S. dollar index recovered after falling on Tuesday as volatile oil prices impacted the euro and markets grappled with the significance of talks …
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By Jonathan Stempel and Nate Raymond NEW YORK -A federal appeals court on Tuesday rejected Exxon Mobil Corp’s effort to stop Massachusetts and New York from probing whether the oil …
- Financial News
Volatility exchange traded note soars after Barclays suspends share issuance
by Reutersby ReutersBy Saqib Iqbal Ahmed NEW YORK – Shares of a volatility-tracking exchange-traded note (ETN) soared to a near 10-month high on Tuesday, a day after British bank Barclays said it …
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(Corrects to reflect Agriculture Ministry’s clarification that Brazil’s farm products companies (not only meatpackers) can access more than 200 markets after Canada cleared Brazil’s beef, pork imports) -Canada has approved …
- Financial News
Stellantis to slow work at Italy’s Melfi plant as chips run short
by Reutersby ReutersMILAN – A worsening in microchip supply conditions triggered by Russia’s invasion of Ukraine will prompt carmaker Stellantis to slow operations at its key Melfi plant in Italy next month, …
- Financial News
UK retail bank capital rules could ‘ossify’ sector, says review
by Reutersby ReutersBy Huw Jones LONDON – Rules forcing Britain’s banks to wrap their retail arms with a bespoke cushion of capital should be retained for now, though they could “ossify” the …
- Department of Justice Press Releases
Serial Fraudster Pleads Guilty in U.S. District Court in Maryland to Two New Fraud Schemes and to Violating His Supervised Release for a Previous Federal Fraud Conviction
by DOJ Pressby DOJ PressBaltimore, Maryland – Jason Evans, age 47, formerly of Anne Arundel County, Maryland, pleaded guilty yesterday to two counts of bank fraud, in connection with two separate fraud schemes, to …
- Department of Justice Press Releases
Newark City Council Member Admits Scheming to Obtain Bribes and Kickbacks and Subscribing to False Tax Return
by DOJ Pressby DOJ PressNEWARK, N.J. – A member of the Newark Municipal Council and Board of Directors of the Newark Community Economic Development Corporation (NCEDC) today admitted scheming to obtain bribes and kickbacks …
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By Svea Herbst-Bayliss BOSTON – Barclays PLC has hired an executive from a rival bank for its mergers, acquisitions, activism and ESG advisory group as demand increases from corporate clients …
- Financial News
Volvo Cars teams up with Starbucks for pilot EV charging network
by Reutersby Reuters– Volvo Cars U.S. said on Tuesday it was partnering with coffee giant Starbucks Corp to create a public electric vehicle (EV) charging network that is set to begin this …
- Financial News
LME imposes price limits for the first time after nickel crisis
by Reutersby ReutersBy Eric Onstad LONDON – Nickel will resume trading on the London Metal Exchange (LME) in a fixed price range for the first time on Wednesday after extreme volatility in …
- MIsc. News
Seized or sailing away: What we know about oligarchs and their assets
by Reutersby Reuters-The latest on Russia’s oligarchs and their assets: ALISHER USMANOV Alisher Usmanov, 68, a metals and telecoms tycoon with an estimated $16.2 billion net worth, has been sanctioned by the …
- Financial News
EU blacklists Abramovich, targets energy, luxury sectors with new Russia sanctions
by Reutersby ReutersBy Francesco Guarascio BRUSSELS – The European Union on Tuesday launched a new barrage of sanctions against Russia for its invasion of Ukraine, including bans on Russian energy sector investments, …
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– Russia faces its first major external debt default since 1917 as Western sanctions in response to its invasion of Ukraine limit its ability to service foreign bonds. Russia has …
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-French tyre maker Michelin is suspending its industrial activity in Russia and exports to the country due to supply difficulties following Moscow’s invasion of Ukraine. In 2004, Michelin became the …