Reuters US Business

By David Shepardson WASHINGTON (Reuters) – A group of 77 House Democrats urged the administration of President Donald Trump on Wednesday to reinstate a plan to compensate U.S. air travelers for delays caused by airlines that was championed by his predecessor. On September 4, the Transportation Department said it would abandon a plan proposed by …

US lawmakers want Trump to reinstate delay compensation plan for air travelers Read More »

WASHINGTON (Reuters) -A divided U.S. Securities and Exchange Commission on Wednesday voted 3-1 to extend for a second time the deadline for private investment funds to comply with Biden-era regulations requiring enhanced disclosures. Along with the Commodity Futures Trading Commission, the SEC last year approved rules requiring private funds and investment advisers to tell regulators confidentially …

US SEC again extends deadline for private funds to supply enhanced data on risk Read More »

By Allison Lampert (Reuters) – Colombia is asking the U.N.’s aviation agency to support global standards for transporting pets by air across borders, following high-profile cases of dogs dying on planes. Colombia wants the International Civil Aviation Organization, which sets standards on everything from runways to seatbelts, to come up with rules for pets on …

Colombia asks UN aviation agency for global standards to protect pets on planes Read More »

By Lucia Mutikani WASHINGTON (Reuters) – U.S. single-family homebuilding plunged to a near 2-1/2-year low in August amid a glut of unsold new houses, suggesting the housing market could remain an economic headwind this quarter.   The report from the Commerce Department on Wednesday also showed permits for future single-family home construction dropped last month to …

US single-family housing starts near 2-1/2-year lows as inventory bloat weighs Read More »

WASHINGTON (Reuters) – U.S. Treasury Secretary Scott Bessent previously agreed to occupy two different houses at the same time as his “principal residence,” Bloomberg News reported, an agreement similar to one President Donald Trump has called mortgage fraud in his unprecedented bid to fire Federal Reserve Governor Lisa Cook. The Bloomberg report, published Wednesday, cites …

US Treasury’s Bessent made contradictory mortgage pledges, Bloomberg reports Read More »

By Abhinav Parmar (Reuters) – Global asset manager Rithm Capital on Wednesday said it had agreed to acquire office portfolio owner Paramount Group for $1.6 billion in cash, betting on a rebound in office real estate. The deal comes as investors gauge whether the U.S. office market, hit hard by rising interest rates, remote work …

Rithm Capital bets on office space recovery with $1.6 billion Paramount Group deal Read More »

By Promit Mukherjee and David Ljunggren OTTAWA (Reuters) – The Bank of Canada reduced its key policy rate to a three-year low of 2.5% on Wednesday, the first cut in six months, and said it would be ready to cut again if risks to the economy increased in coming months. The 25-basis-point cut reflected a …

Bank of Canada cuts rates to 2.5%, says ready to cut again if risks rise Read More »