By Suzanne McGee (Reuters) -CME Group said on Friday that it plans to roll out futures contracts on cryptocurrency Solana on March 17, pending regulatory review. The exchange said it expects to debut two contracts, one for 500 Solana coins and a “micro-sized” contract for 25 Solana. “We are responding to increasing client demand for …
CME Group plans to launch Solana futures on March 17 Read More »
By Nivedita Balu TORONTO (Reuters) – Canada’s big bank CEOs are urging the federal government to remove internal trade barriers, evaluate tax policies and other regulation as the country’s top lenders cautioned that tariff and trade risks are clouding the economic outlook. The six big Canadian banks, which control more than 90% of the banking …
Canada’s big banks push for reforms in Ottawa to confront tariff risks Read More »
By Ashitha Shivaprasad and Shivansh Tiwary (Reuters) – Demand for industrial precious metals platinum and palladium will likely fall if tariffs proposed by President Donald Trump on U.S. auto imports dampen vehicle sales, analysts said. Earlier this month, Trump said levies on automobiles would be coming as soon as April 2. This would mean imports …
Trump’s proposed auto tariffs seen hitting demand for platinum group metals Read More »
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of Cleveland President Beth Hammack reckons the U.S. central bank can keep steadily shrinking its balance sheet through a period of uncertain government finances, while noting she is disinclined to support an interest rate hike even if inflation pressures do not retreat quickly enough. Hammack …
Fed’s Hammack eyes steady balance sheet cuts amid US government financial uncertainty Read More »
By Douglas Gillison (Reuters) -The U.S. Consumer Financial Protection Bureau on Thursday dropped five enforcement actions against financial services companies accused of wrongdoing under the prior administration, including a major case against Capital One. The unprecedented mass dismissals eviscerated much of the watchdog agency’s remaining stable of legal actions against financial services companies investigated for …
Trump admin drops 5 consumer watchdog cases, including Capital One Read More »
By David Shepardson WASHINGTON (Reuters) – Federal Communications Commission chair Brendan Carr on Thursday opened a probe into diversity practices at Verizon and raised the telecommunications company’s ongoing effort to purchase Frontier Communications. Carr, a Republican designated by President Donald Trump last month, earlier this month told NBC News-parent Comcast he was opening a similar …
FCC chair opens probe into diversity practices at Verizon Read More »
(Reuters) -Goldman Sachs has dropped an entire section dedicated to “diversity and inclusion” from its annual filing released on Thursday, as Wall Street firms dial back their diversity initiatives after President Donald Trump took charge. “We have made certain adjustments to reflect developments in the law in the U.S.,” CEO David Solomon said in a …
Goldman drops diversity and inclusion section from annual filing Read More »
(Reuters) – The U.S. Commerce Department’s Personal Consumption Expenditures (PCE) price index increased 0.3% in January after advancing by an unrevised 0.3% in December, data showed on Friday. Economists had expected the PCE price index to climb 0.3%. In the year through January, prices rose 2.5% after increasing 2.6% in December. Stripping out the volatile …
Instant View: January PCE inflation no surprise, cools year on year Read More »
(Reuters) -Malaysia’s Capital A Berhad, owner of budget airline AirAsia, swung to an annual loss in 2024 due mainly to foreign exchange fluctuations, it reported on Friday, but said it expects to return to profit this year. Capital A made an attributable loss of 475.1 million ringgit ($106.5 million) for 2024, from a profit of …
AirAsia owner Capital A expects return to profit this year after 2024 loss Read More »
WASHINGTON (Reuters) – The U.S. trade deficit in goods widened sharply in January, most likely as businesses front-loaded imports ahead of tariffs, potentially positioning trade to be a drag on economic growth in the first quarter. The goods trade gap surged 25.6% to $153.3 billion last month, the Commerce Department’s Census Bureau said on Friday. …
US goods trade deficit widens sharply in January Read More »
