‘Almost all’ Fed officials agreed to skip June hike -minutes
By Howard Schneider WASHINGTON (Reuters) -A united U.S. Federal Reserve agreed to hold interest rates steady at the June meeting…
Business
Stellantis wins bigger subsidies for Canada battery plant
By Steve Scherer and Costas Pitas (Reuters) -Stellantis-LG Energy Solution (LGES) will resume construction of an electric-vehicle battery plant in…
UK regulator orders investment funds to manage liquidity better
By Huw Jones LONDON (Reuters) – Some asset managers face sanctions for failing to manage liquidity properly, posing risks to…
Britain’s banks seek government roadmap to tokenise stocks and bonds
By Huw Jones LONDON (Reuters) – Britain’s role as a leading financial centre is at stake unless it comes up…
‘Top dog in Asia’: Nikkei’s stellar rise starts drawing big money
By Kevin Buckland and Ankur Banerjee TOKYO (Reuters) -A tailwind behind Japanese stocks is strengthening as large foreign funds who…
Wall Street posts modest loss after Fed minutes
By Lewis Krauskopf, Bansari Mayur Kamdar and Johann M Cherian (Reuters) – Wall Street’s main indexes ended with modest declines…
SVB Financial gets court approval to sell investment bank
(Reuters) – A U.S. bankruptcy judge on Wednesday allowed SVB Financial Group, owner of bankrupt Silicon Valley Bank, to sell…
Striking Los Angeles hotel staffers return to work, more walkouts threatened
By Steve Gorman LOS ANGELES (Reuters) – Thousands of Los Angeles-area hotel staffers returned to work on Wednesday from a…
PwC Australia ties Google to tax leak scandal, sources say
By Lewis Jackson SYDNEY (Reuters) -PwC Australia provided Google confidential information about the start date of a new tax law…
ChatGPT-maker OpenAI says it is doubling down on preventing AI from ‘going rogue’
By Anna Tong (Reuters) – ChatGPT’s creator OpenAI plans to invest significant resources and create a new research team that…