EU pushes forward with post-Brexit forum for EU, UK financial regulators
By Huw Jones LONDON (Reuters) -The European Union’s executive body said on Wednesday it has formally adopted a draft memorandum…
Business
US FTC expands probe into pharmacy benefit managers
(Reuters) -The U.S. Federal Trade Commission said it had sought information from two privately held companies that negotiate drug rebates…
Credit Suisse bond wipe-out will not trigger credit insurance payout
By Chiara Elisei LONDON (Reuters) -Holders of credit insurance linked to Credit Suisse bonds will not get a payout after…
Factbox-Why does the US want to ban TikTok? The allegations against it
WASHINGTON (Reuters) – Montana Governor Greg Gianforte on Wednesday signed legislation to ban Chinese-owned TikTok from operating in the state…
Tyre-makers under pressure as too much rubber hits the road
By Nick Carey and Barbara Lewis LONDON (Reuters) – Tyre-makers are under pressure to almost literally reinvent the wheel as…
Target sets cautious tone as US consumers turn thrifty
By Aishwarya Venugopal and Ananya Mariam Rajesh (Reuters) -Target Corp on Wednesday forecast a grim second quarter as consumers shun…
Netflix ad tier has nearly 5 million monthly active users
By Lisa Richwine LOS ANGELES (Reuters) -Netflix Inc’s recently launched ad-supported tier reaches nearly 5 million active users per month,…
Fatal blaze at Texas refinery to result in lawsuits against Marathon
By Erwin Seba HOUSTON (Reuters) – Attorneys representing the family of a worker who was killed in a fire at…
Wall St rallies on debt ceiling optimism, regional bank rise
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks rose sharply on Wednesday, fueled by optimism over a potential deal…
Fed’s watchdog defends work before Senate amid questions over his independence
By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve’s in-house watchdog defended his agency’s independence and ability to…