Reuters US Business

By Hannah Lang (Reuters) – The cryptocurrency industry is pushing President-elect Donald Trump’s team to kick start his promised crypto policy overhaul when he takes office next month with executive orders that would help push tokens mainstream, according to industry officials. Trump plans to issue a flurry of executive orders and directives on everything from …

US crypto industry eyes possible day-one Trump executive orders Read More »

By David Lawder WASHINGTON (Reuters) -The Biden administration announced on Monday a last-minute trade investigation into older Chinese-made “legacy” semiconductors that could heap more U.S. tariffs on chips from China that power everyday goods from autos to washing machines to telecoms gear. U.S. Trade Representative Katherine Tai said the probe aims to protect American and …

Biden launches new Chinese chips trade probe, will hand off to Trump Read More »

(Reuters) -The asset management arm of U.S. insurer giant MetLife has agreed to buy PineBridge Investments from Hong Kong billionaire Richard Li’s Pacific Century Group (PCG) in a deal valued at up to $1.2 billion, the companies said on Monday. The acquisition will enable MetLife to expand its asset management capabilities, reflecting an emerging trend …

MetLife expands asset management arm with up to $1.2 billion deal for PineBridge Read More »

By Emma Rumney and Jessica DiNapoli LONDON/NEW YORK (Reuters) – Meaghan Dorman’s five New York bars look just as full as they always do in December – packed with couples on dates, holiday get-togethers and business meet ups. But when takings are counted, it’s clear that customers are spending less.  Dorman, bar director and partner …

Shrinking US bar tabs signal little festive cheer for liquor makers Read More »

(Reuters) – New Zealand’s financial regulator on Monday said that Australian lender Westpac’s local unit admitted to overcharging and misleading more than 24,000 personal and business customers by not providing advertised discounts and benefits. The Financial Markets Authority (FMA) said it brought civil proceedings against Westpac New Zealand in the High Court in Auckland, where …

Westpac admits to overcharging more than 24,000 customers in New Zealand Read More »

(Reuters) – JPMorgan Chase has ceased to be a shareholder in embattled Australian casino operator Star Entertainment, an exchange filing by the gaming group showed on Monday. The investment banker’s stake in Star Entertainment had reflected 5.09% of the company’s voting power, according to the gambling group’s exchange filing on Friday. Australia’s No.2 casino operator …

JPMorgan exits Australia’s Star Entertainment Read More »

(Reuters) -Starbucks workers have expanded their strike to four more U.S. cities, including New York, the union representing over 10,000 baristas said late on Saturday. The five-day strike, which began on Friday and initially closed Starbucks cafes in Los Angeles, Chicago and Seattle, has added locations in New Jersey, New York, Philadelphia and St. Louis, …

Starbucks workers expand strike in US cities, including New York Read More »