Reuters US Economy

By Niket Nishant (Reuters) -Crypto-focused asset manager Grayscale said on Monday it has confidentially submitted paperwork with the Securities and Exchange Commission, signaling potential plans for a U.S. listing as bitcoin scales new highs. The move coincides with the start of the “crypto week” in Washington, where lawmakers are set to debate three major bills …

Crypto-focused Grayscale confidentially files for potential US listing Read More »

By Arasu Kannagi Basil and Pritam Biswas (Reuters) -U.S. regional lender Huntington Bancshares will buy Texas-based smaller rival Veritex Holdings in a $1.9 billion all-stock deal, as it looks to expand its presence in the state that is fast emerging as a major financial hub. Shares of Columbus, Ohio-based Huntington Bancshares, a regional bank with …

Huntington Bancshares signs $1.9 billion deal for rival Veritex in Texas push Read More »

By Oliver Hirt, John Revill and Ariane Luthi ZURICH (Reuters) -Banks in Switzerland will be searching for other ways to squeeze borrowers as their lending margins are hit by the central bank’s introduction of zero rates, analysts say, suggesting banking services and some types of credit may soon get costlier. The Swiss National Bank’s June …

Swiss zero rate squeeze on banks may lead to bumpy ride for borrowers Read More »

By Amna Mariyam (Reuters) – Gulf equities ended largely subdued on Monday, pressured by renewed tensions in the U.S. tariff war, though some investors hoped President Donald Trump’s threats were largely rhetorical. Trump said on Saturday he would impose a 30% tariff on most EU and Mexican imports starting August 1, despite ongoing talks. The …

Gulf stocks subdued as Trump steps up tariff threats Read More »

(Corrects Kunal Kundu’s comment to say lower-than-expected inflation would give further ammunition to RBI to go for another “rate cut”, not “rate hike”) (Reuters) -India’s annual retail inflation slowed to a more than six-year low of 2.10% in June, near the lower range of the central bank’s tolerance band, as food prices continued to ease, …

India’s retail inflation eases to over six-year low in June Read More »

By Libby George and Marc Jones LONDON (Reuters) -The world’s sovereign wealth funds are turning to active fund management and investments in China, while central banks are diversifying reserves to weather a volatile global environment, an Invesco survey of sovereign funds and central banks managing $27 trillion in assets showed. Still, the dollar reigns supreme, …

Wealth funds warm to active management – and China – to weather volatility, report shows Read More »

NEW DELHI (Reuters) -India’s wholesale price index fell 0.13% year-on-year in June, its first fall in 19 months, primarily due to the decline in prices of food items, basic metals, mineral oils and energy, government data showed on Monday. Wholesale prices had risen 0.39% in May from a year earlier. Economists polled by Reuters had …

India’s June wholesale prices fall for first time in 19 months Read More »