Reuters US Business

SYDNEY (Reuters) -Australian home prices increased at the fastest pace in a year in September, driven by rate cuts and record-low listings, property consultant Cotality said on Wednesday. National home prices increased 0.8% to a record median value of A$857,280 ($565,462) in September, marking the strongest monthly gain since October last year, according to figures …

Australia’s home prices rise at fastest clip in a year as rate cuts fuel demand Read More »

By Andre Romani SAO PAULO (Reuters) -Brazilian digital lender Nubank said on Tuesday it had applied for a national bank charter to operate in the U.S., in its most concrete step toward an expansion outside Latin America. The decision “is aligned with the company’s intention to explore future international opportunities by evolving its regional platform …

Nubank applies for US bank charter in expansion outside Latin America Read More »

By Davide Barbuscia, Saeed Azhar and Anirban Sen NEW YORK (Reuters) -Two auto sector bankruptcies have rattled parts of the U.S. credit market, raising concerns about a deterioration in the financial health of low-income households and migrant communities. Auto-parts maker First Brands became the latest company to unravel, filing for bankruptcy protection on Monday, following …

Analysis-US auto bankruptcies show rising credit pain in low-income households Read More »

SINGAPORE (Reuters) -A top U.S. securities regulator known for her supportive stance on the cryptocurrency industry said on Tuesday that the Securities and Exchange Commission is open to working with industry participants on tokenising products. “We are willing to work with people who want to tokenise, we urge them to come talk to us,” said …

US SEC commissioner says regulator willing to work with those who want to tokenise Read More »

By Michael S. Derby and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Federal Reserve liquidity facilities saw much less interest from Wall Street than expected on Tuesday as the third quarter came to a surprisingly quiet close. On Tuesday, money market funds and other eligible firms parked $49.1 billion at the central bank’s overnight reverse repo facility.  …

Quarter end fails to spur rush to Federal Reserve liquidity facilities  Read More »

(Reuters) -Wolfspeed shares surged 33% on Tuesday, after the chipmaker successfully emerged from Chapter 11 bankruptcy with a substantially reduced debt load. The move has restored investor confidence in the company’s prospects to become a leading provider of silicon carbide semiconductors, known for their energy efficiency, to electric-vehicle makers amid growing electrification and increasing chip …

Wolfspeed shares rally after chipmaker exits Chapter 11 bankruptcy Read More »