By Chris Prentice (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Friday defended its overhaul of rules for private funds, responding in a court filing to a lawsuit from six private equity and hedge fund trade groups. The trade lobbying groups in September sued the top U.S. markets regulator, saying the agency overstepped …
By Makini Brice (Reuters) -The U.S. House of Representatives Judiciary Committee said it had subpoenaed BlackRock and State Street for documents and communications related to its probe into whether environmental, social and governance (ESG) efforts violate antitrust laws. The committee wrote to BlackRock and State Street on July 6, requesting documents. But response from both …
BlackRock, State Street subpoenaed by U.S. House in ESG probe Read More »
By Michael S. Derby and Howard Schneider (Reuters) -Just days after a Federal Reserve meeting that penciled in an ample course of interest rate cuts next year, which in turn unleashed a broad rally in financial markets, one of the U.S. central bank’s top policymakers pushed back on the ebullience on Friday. “We aren’t really …
Fed’s Williams douses Wall Street’s rate-cut speculation Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – A late-year surge in stocks is exacerbating the pain of short-sellers, who are on track for their worst collective annual loss since 2020, according to data and analytics company Ortex. Short sellers – who aim to profit by selling borrowed shares and buying them back later at …
US stock short sellers down $145 billion in 2023 – Ortex Read More »
By David Shepardson WASHINGTON (Reuters) -A group representing major automakers urged the Biden administration to make significant changes to three proposed vehicle rules, warning they could force car companies to hastily stop building some gas-powered vehicles. The administration has proposed, among others, stringent rules that it estimates would result in 67% of new vehicles being …
US rules could force early production halt to some gas vehicles -letter Read More »
(This Dec. 14 story has been corrected to clarify that Citi advised Exxon, not Pioneer, in paragraph 7) By David French (Reuters) – Six U.S. oil and gas bankers who missed out on a wave of mega deals in the oil patch after leaving mergers and acquisitions powerhouse Citigroup last year to join smaller firm …
Guggenheim oil and gas bankers leave for Moelis after mega-deal miss -sources Read More »
By Aditya Kalra, Munsif Vengattil and Arpan Chaturvedi NEW DELHI (Reuters) – A merger of Walt Disney’s India unit and billionaire Mukesh Ambani’s media business would create an entertainment powerhouse in India, but lawyers say any deal would draw intense antitrust scrutiny and assets would likely need to be shed. Disney and India’s Reliance, which …
By Elizabeth Howcroft and Martin Coulter LONDON (Reuters) – OpenAI CEO Sam Altman has doubled down on his vision for cryptocurrency project Worldcoin, following reports the company was seeking $50 million in funding. Worldcoin says it aims to create a global identity and financial network. More than 2.6 million people have signed up to have …
OpenAI CEO promotes crypto project Worldcoin after fundraising report Read More »
By Jody Godoy (Reuters) – The U.S. Securities and Exchange Commission asked a federal appeals court on Friday to reconsider a ruling that it said prevents the agency from clawing back ill-gotten gains in cases in which laws were violated but no victims were harmed. The SEC filed a petition asking the full 2nd U.S. …
US securities regulator appeals ruling on ill-gotten gains Read More »
AMSTERDAM (Reuters) – The Dutch vehicle authority RDW said on Friday it does not currently plan a Tesla recall in Europe following a major U.S. recall this week due to concerns about its Autopilot driver assistance systems. Among European vehicle authorities, the Netherlands’ RDW issues the type, or general approval, for Tesla cars. The agency …
Dutch vehicle authority RDW says no Tesla recall planned in Europe Read More »
