Reuters US Business Archives - Page 1273 of 2312

G20 watchdog urges governments to address non-bank financial risks

18 Dec 2024 18 Dec 2024

ZURICH (Reuters) – The Financial Stability Board (FSB) on Wednesday pitched recommendations for governments to reduce risks around hedge funds, insurers and other non-bank financial intermediaries, which now account for almost half of global financial assets. The sector of non-bank financial intermediation has grown by around 130% between 2009 and 2023, making markets more vulnerable …

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Analysis-BOJ’s rate hike debate shifts from ‘when?’ to ‘how high?’

18 Dec 2024 18 Dec 2024

By Leika Kihara TOKYO (Reuters) – As the guessing game over the timing of Japan’s next interest rate hike heats up, another debate is brewing within the central bank over just how much higher rates can go, a question that could be discussed at this week’s policy meeting. While markets expect the Bank of Japan …

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OPEC+ wary of renewed US oil output rise under Trump, sources say

18 Dec 2024 18 Dec 2024

By Anna Hirtenstein and Alex Lawler LONDON (Reuters) – OPEC+ is wary of a renewed rise in U.S. oil output when Donald Trump returns to the White House, delegates from the group said, because more U.S. oil would further erode OPEC+ market share and hamper the producer group’s efforts to support prices. OPEC+ pumps about …

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Bank of Korea says ‘low-inflation’ era not coming in the next year or two

18 Dec 2024 18 Dec 2024

SEOUL (Reuters) – South Korea’s central bank will maintain its inflation target of 2% until the next policy review, as the era of “low-inflation” is unlikely to come in a year or two, the bank’s governor said on Wednesday. “The Bank of Korea (BOK), through consultation with the government, has decided to maintain the current …

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Boeing says it has resumed 767, 777 wide-body production

18 Dec 2024 18 Dec 2024

By David Shepardson WASHINGTON (Reuters) -Boeing said late on Tuesday it has resumed production of all airplane programs that had been halted by a machinists’ strike in the Pacific Northwest. The planemaker confirmed last week it restarted production of its best-selling 737 MAX jetliner in early December – about a month after the end of …

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Australia takes Binance unit to court over consumer protection failures

18 Dec 2024 18 Dec 2024

(Reuters) -Australia’s corporate watchdog said on Wednesday that it has sued the local derivatives business of cryptocurrency exchange Binance, alleging that its retail customers were denied consumer protections after being misclassified as wholesale clients. The Australian Securities and Investment Commission (ASIC) alleged that the unit offered crypto derivative products to 505 retail investors, about 83% …

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Grubhub to pay $25 million for misleading customers, restaurants, drivers

18 Dec 2024 18 Dec 2024

By Jody Godoy (Reuters) -Grubhub settled with the U.S. Federal Trade Commission and Illinois Attorney General Kwame Raoul on Tuesday for allegedly misleading customers about order fees, adding restaurants to its platform without their consent and deceiving drivers about pay. The settlement requires Grubhub to cease the practices and pay $25 million. The agencies sought …

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Aussie discretionary retailers face brighter 2025 as rate cut nears

18 Dec 2024 18 Dec 2024

By Sneha Kumar and Rishav Chatterjee (Reuters) – Australian discretionary retailers could benefit from expected interest rate cuts in 2025, analysts say, as shoppers loosen their belts to splurge on items such as electronics and footwear. Retail spending has risen strongly, the latest data showed, underlining tax cuts and strong consumer confidence, and is expected …

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US finalizes new Washington flights for Delta, United, American

18 Dec 2024 18 Dec 2024

By David Shepardson WASHINGTON (Reuters) -The U.S. Transportation Department on Tuesday finalized its awards of five new daily round-trip flights from Washington Reagan National Airport to major airlines. The flights at the busy airport in Arlington, Virginia, outside the nation’s capital were mandated under legislation signed in May by President Joe Biden. American Airlines Delta …

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Exclusive-Trump transition recommends scrapping car-crash reporting requirement opposed by Tesla

18 Dec 2024 18 Dec 2024

By Jarrett Renshaw, Rachael Levy and Chris Kirkham (Reuters) – The Trump transition team wants the incoming administration to drop a car-crash reporting requirement opposed by Elon Musk’s Tesla, according to a document seen by Reuters, a move that could cripple the government’s ability to investigate and regulate the safety of vehicles with automated-driving systems. …

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