By Chris Prentice NEW YORK (Reuters) -Units of HSBC Holdings Plc have agreed to pay $75 million to settle U.S. Commodity Futures Trading Commission (CFTC) charges related to manipulative and deceptive trading and record-keeping failures, the regulator on Friday. HSBC Bank USA agreed to pay a $45 million civil penalty for manipulative and deceptive trading…
WASHINGTON (Reuters) – U.S. consumer sentiment slumped to a six-month low in May as a standoff to raise the federal government’s borrowing cap fanned worries about the economy’s outlook, a survey showed on Friday. The University of Michigan’s preliminary reading on the overall index of consumer sentiment came in at 57.7 this month, the lowest…
By David Shepardson WASHINGTON (Reuters) -The U.S. Postal Service said on Friday it is taking steps to crack down on rising mail theft, robberies of carriers, change-of-address fraud and counterfeit postage. The postal service said it is installing 12,000 high-security blue collection boxes nationwide to make access more difficult for criminals and is evaluating replacing…
By Jessie Pang HONG KONG (Reuters) -China on Friday condemned a U.S. congressional report that called for sanctions against 29 Hong Kong judges involved in the city’s national security cases, given their role in “weakening” the rule of law. The report by the U.S. Congressional-Executive Commission on China (CECC) – which advises Congress – said…
By Nichola Groom and David Lawder (Reuters) -The U.S. Treasury Department on Friday clarified that developers of solar energy projects can claim a new subsidy for facilities built with American-made products even if the system’s panels contain cells made entirely with Chinese materials. The long-awaited rules around how companies can claim a new tax credit…
(Reuters) – A man accused of killing a doctor and wounding five other people in a shooting at a Taiwanese-American church banquet in California has been indicted on dozens of federal hate, weapons and explosive crimes, the U.S. Department of Justice said. The suspect, David Chou, 69, opened fire at the Geneva Presbyterian Church in…
(Reuters) -Air Canada is growing capacity to meet robust demand for travel after Canada’s largest airline reported a smaller-than-expected quarterly loss on Friday. Major airlines are benefitting from rising travel demand and airfares, as traffic rebounds to levels seen prior to the COVID-19 pandemic, despite contending with higher costs and strapped balance sheets. Canada, which…
WARSAW (Reuters) – The European Union could see another record number of people seeking to reach its borders this year via irregular crossings, with more migrants driven by poverty and climate change rather than conflict, the EU’s Frontex border agency said on Friday. Frontex reported some 330,000 unauthorised arrivals via all routes last year, the…
By Rachael Levy WASHINGTON (Reuters) – U.S. lawmakers will ask regulators to investigate whether the make-up of a panel overseeing animal testing at Elon Musk’s brain-chip startup Neuralink contributed to botched and rushed experiments. U.S. House Representatives Earl Francis Blumenauer and Adam Schiff, both Democrats, have signed a draft letter to the U.S. Department of…
By Nelson Banya and Felix Njini (Reuters) -Gold miner AngloGold Ashanti will move its primary listing to New York from Johannesburg in a bid to access a deeper pool of investors and reduce risks associated with South Africa, it said on Friday. The company has shifted its focus to more lucrative mines in Ghana, Tanzania,…
