By Laura Matthews NEW YORK (Reuters) – Foreign-exchange investors are moving more of their over-the-counter (OTC) derivatives trades to lookalike products on exchanges to avoid higher costs due to recent global regulations, helping inject transparency into a multitrillion-dollar market that is largely hidden from the public eye. The growing interest in clearing trades through an…
By Ludwig Burger FRANKFURT (Reuters) -Sanofi said on Tuesday that the International Chamber of Commerce rejected rival drugmaker Boehringer Ingelheim’s (BI) claims to be indemnified by Sanofi in cancer lawsuits linked to heartburn drug Zantac in the United States. Shares in France’s Sanofi, which added that the decision cannot be appealed, gained 2.4% shortly after…
By David Shepardson WASHINGTON (Reuters) – The U.S. Transportation Security Administration (TSA) said Tuesday it had screened 2.785 million airline passengers on June 16, the highest number since before the COVID-19 pandemic. The TSA said it had screened approximately 10.6 million people from Friday through Monday, the Juneteenth holiday, giving an average of 2.67 million…
By Karen Freifeld (Reuters) – Donald Trump’s bid to oust the judge overseeing the criminal case against him over a hush-money payment to a porn star should be rejected, the Manhattan District Attorney’s office said in a filing on Tuesday. Trump has a “history of baselessly accusing state and federal judges around the country of…
By Patricia Zengerle WASHINGTON (Reuters) -Dozens of U.S. President Joe Biden’s fellow Democrats urged him on Tuesday to raise human rights issues with Indian Prime Minister Narendra Modi during his visit to Washington this week, according to a letter sent to Biden. Modi left for Washington on Tuesday for a visit projected as a milestone…
By Pete Schroeder WASHINGTON (Reuters) -The U.S. Justice Department antitrust division plans to expand the scope of its bank merger review process, the department’s chief said on Tuesday, in a sign the agency may get tougher when scrutinizing such deals. Jonathan Kanter, the DOJ’s assistant attorney general for antitrust, said the agency’s guidelines, which were…
By Abhirup Roy SAN FRANCISCO (Reuters) – BTC Power will add Tesla’s standard to its electric vehicle chargers next year, its chief executive told Reuters on Tuesday, days after Ford and General Motors sent shockwaves through the industry by adopting the technology. Privately-owned BTC, a supplier to 7-Eleven and fleet operators, is the fourth major…
By Shivangi Acharya (Reuters) -Tesla chief executive Elon Musk will directly brief Indian Prime Minister Narendra Modi on plans to set up a manufacturing base there, a source with direct knowledge said. The meeting, the first at a high level to discuss the expansion, will take place on Tuesday during Modi’s state visit to the…
(Reuters) – Ball Corp, the world’s largest supplier of beer cans, said on Tuesday it was considering options for its aerospace business, days after a report said the company was looking to sell the unit for more than $5 billion. The business has attracted the interest of large defense companies such as BAE Systems and…
(Reuters) -UBS Group AG faces hundreds of millions of dollars in penalties over Credit Suisse’s mishandling of Archegos Capital, after UK, Swiss and U.S. regulators completed their investigations, Financial Times reported on Monday. UBS has asked the U.S. Federal Reserve, the Swiss Financial Market Supervisory Authority and UK’s Prudential Regulation Authority to publish their findings…
