Reuters US Business

By Manya Saini (Reuters) -The crypto industry could move closer to the financial mainstream this week as several bills are set to make headway in the U.S. Congress, potentially spurring many companies to issue their own stablecoins. The House of Representatives is expected to debate a slate of crypto-related legislation during what the Republican majority …

Factbox-Corporate interest in stablecoins grows as US lawmakers kick off ‘crypto week’ Read More »

By Amina Niasse NEW YORK (Reuters) -President Donald Trump’s spending bill is set to raise administrative costs and make managing costs more difficult for insurers like UnitedHealthcare and CVS Health’s Aetna that operate Medicaid health plans, experts say. As a result, those insurers will likely pull back their Medicaid coverage and invest more in existing …

Trump’s spending bill will likely boost costs for insurers, shrink Medicaid coverage Read More »

By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) – Takeover speculation in Northern Trust has revived industry hopes of deals among large U.S. and regional banks, propelling exploratory conversations that could lead to consolidation, according to financial executives and analysts. Talk of potential mergers and acquisitions among Wall Street banks and large regional lenders …

Analysis-US bank M&A hopes revive under Trump regulators Read More »

By David Shepardson, Abhijith Ganapavaram and Allison Lampert WASHINGTON/NEW DELHI/MONTREAL (Reuters) -The U.S. Federal Aviation Administration and Boeing have privately issued notifications that the fuel switch locks on Boeing planes are safe, a document seen by Reuters showed and four sources with knowledge of the matter said. The FAA’s Continued Airworthiness Notification on July 11 …

Amid Air India probe, US FAA, Boeing notify fuel switch locks are safe, document, sources say Read More »

By Dan Catchpole (Reuters) -Boeing reached a settlement with a Canadian man whose family died in the March 2019 crash of an Ethiopian Airlines Boeing 737 MAX, the man’s lawyer said on Friday.  The terms of the settlement with Paul Njoroge of Toronto were not released. The 41-year-old man’s wife Carolyne and three young children – …

Boeing settles with Canadian man whose family died in 737 MAX crash Read More »

By Joe Cash and Ethan Wang BEIJING (Reuters) -China’s exports regained momentum in June as firms rushed out orders to capitalise on a fragile tariff truce between Beijing and Washington ahead of a looming deadline next month, with shipments to Southeast Asian transit hubs particularly strong. Businesses on both sides of the Pacific are waiting …

China’s exporters rush to beat Trump’s next big tariff deadline Read More »