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(Reuters) -Some of the biggest U.S. banks are exploring whether to team up to issue a joint stablecoin, The Wall Street Journal reported on Thursday. The conversations have so far involved companies co-owned by JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and other large commercial banks, the report said, citing people familiar with the …

Some US banks explore venturing into crypto with joint stablecoin, WSJ reports Read More »

By Rocky Swift TOKYO (Reuters) -Japanese government bonds recovered slightly on Friday, after a volatile week that saw fiscal and inflation concerns drive super-long yields to record highs. Yields on 20-, 30-, and 40-year JGBs have been climbing, fuelled by worry over the country’s worsening fiscal health, as some political parties advocate consumption tax cuts …

Japanese bonds rally after fiscal concerns send super-long yields to records Read More »

By Stella Qiu SYDNEY (Reuters) -As businesses globally fret about sky-high U.S. tariffs reviving rampant inflation, in Australia, the redirection of cheap Chinese goods is expected to provide relief for consumers and policymakers worried about stubborn cost pressures. Alibaba’s Taobao and JD.COM are the latest Chinese e-commerce platforms to enter the Australian market, seeking to …

Analysis-Australia’s new haul of Chinese online goods helps tame inflation Read More »

By Michelle Conlin, Lawrence Delevingne and Trevor Hunnicutt STERLING, Virginia (Reuters) -Buyers of President Donald Trump’s meme coin converged from around the globe on Thursday for an exclusive dinner at his private country club, overlooking the Potomac River, just outside the nation’s capital. As guests filed into the event, and President Trump arrived by Marine One …

Wealthy foreign crypto investors descend on President Trump’s golf club for $148 million meme coin dinner Read More »

(Reuters) – Mexico’s Pemex, the world’s most indebted energy company, plans to restructure parts of its business in an attempt to save costs, a May document seen by Reuters showed on Thursday. Earlier reports, citing another document from last month suggesting it could include a layoff of over 3,000 tenured employees and save up to …

Mexico’s Pemex plans restructuring to save costs, document shows Read More »

(Reuters) – The U.S. Federal Trade Commission on Thursday dropped its case accusing PepsiCo of price discrimination that favored Walmart, and criticized former Chair Lina Khan for rushing the case out. The lawsuit filed in New York had accused the soft drink manufacturer of violating the Robinson-Patman Act, a law that went largely unenforced for …

FTC drops case against Pepsi alleging price discrimination Read More »

(Reuters) -Walt Disney seeks to stop Alphabet’s YouTube, which announced on Thursday that it has appointed long-time executive Justin Connolly as its global head of media and sports. Disney filed a lawsuit against YouTube in a state court in Los Angeles late Wednesday to stop the appointment, alleging breach of contract, unfair competition and interference …

Disney seeks to stop YouTube from hiring veteran to oversee sports and media Read More »