By Douglas Gillison, Nupur Anand and Tatiana Bautzer (Reuters) – Now that regulators in Washington have unfurled a hefty reform package of post-financial crisis capital regulations, banking industry advisers are honing in on what they consider most disruptive, including risk management requirements that could affect real estate lending, consumer credit and wealth management. In a…
By Ann Saphir (Reuters) – Regulatory guidelines issued in late July encouraging banks to incorporate the Federal Reserve’s so-called discount window into their contingency funding plans fail to address the main issues underlying banks’ reluctance to use it, former Fed staffer and bank policy expert Bill Nelson said in a blogpost on Monday. Arguing that…
By Carlos Barria PHOENIX (Reuters) – As the world registered the hottest month of all time in July, the southwestern U.S. city of Phoenix shattered its own 1974 heat-wave record, with temperatures above 110 degrees Fahrenheit (43°C) for 31 straight days. Heat-sensitive photography in late July reveals an even hotter Phoenix, where concrete on the…
By Leah Douglas WASHINGTON (Reuters) – Twenty-five Democratic lawmakers on Monday urged Republican leaders of the U.S. House of Representatives to stop calling for further cuts to the largest U.S. food aid program for low-income Americans as a key committee considers a $728 billion farm and nutrition spending bill. The letter written to House Speaker…
By Bhanvi Satija and Mariam Sunny (Reuters) – Shares of Sage Therapeutics slumped to a record low on Monday after the U.S. health regulator approved the company and partner Biogen’s pill for postpartum depression, but rejected it as a treatment for major depressive disorder. The decision raises fresh questions about the growth prospects for the…
By Dan Williams JERUSALEM (Reuters) -Israel plans to ease travel for Palestinian Americans from the blockaded Gaza Strip next month as part of preparations for Israelis to be able to enter the United States without visas, an Israeli official said on Monday. As a condition for its accession to the U.S. Visa Waiver Program (VWP),…
By Pavel Polityuk KYIV (Reuters) -Ukraine is seeing “significant results” from U.S. and German air defence systems, President Volodymyr Zelenskiy said on Sunday, despite waves of Russian air strikes that Kyiv says targeted civilians and residential buildings. Russia reported it had shot down a drone heading for Moscow in the third such attack in a…
(Reuters) – A senior Ukrainian official said on Monday talks about the Ukraine war held in Saudi Arabia dealt a “huge blow” to Russia, while key Kremlin ally China declared it remained impartial in the conflict following its participation in the discussions. More than 40 countries, including China, India, the United States and European countries,…
By Shashwat Chauhan, Amruta Khandekar and Shristi Achar A (Reuters) – European stocks edged higher on Monday as investors awaited key inflation figures from across the globe this week to gauge the outlook for interest rates, while the defence sector rose to record highs amid rising geopolitical uncertainty. The pan-European STOXX 600 closed up 0.1%…
By Carolina Pulice MEXICO CITY (Reuters) -Latin American e-commerce company MercadoLibre has reached five million clients in its insurance business, according to a senior executive, marking another step forward in its bid to become the largest financial and e-commerce ecosystem in the region. MercadoLibre reached the milestone in less than four years thanks to heavy…
