Fed’s Bowman sees potential for interbank digital dollar
(Reuters) – A so-called “wholesale” central bank digital currency could hold promise for the future settlement of certain financial market…
Economy
US housing market stabilizing as single-family homebuilding, permits surge
By Lucia Mutikani WASHINGTON (Reuters) – U.S. single-family homebuilding increased for a second straight month in March, while permits for…
EU takes on United States, Asia with chip subsidy plan
By Foo Yun Chee BRUSSELS (Reuters) -The European Union on Tuesday agreed a 43 billion euro ($47 billion) plan for…
Google wins appeal of $20 million US patent verdict over Chrome technology
By Blake Brittain (Reuters) – Alphabet’s Google LLC on Tuesday convinced a U.S. appeals court to cancel three anti-malware patents…
ECB’s Lane backs May rate hike with size depending on data
FRANKFURT (Reuters) -The European Central Bank’s (ECB) chief economist on Tuesday backed a further interest rate increase at the ECB’s…
EU plans to prevent taxpayer cash being used to save failing banks
By Huw Jones (Reuters) -The European Union on Tuesday proposed making it harder for states to pour billions of euros…
Despite SVB collapse, FDIC on track to recoup insurance losses: Chair
(Reuters) – Despite the second- and third-largest bank failures in U.S. history last month, the U.S. Federal Deposit Insurance Corporation…
GSK bets $2 billion on Bellus cough drug to soothe pipeline fears
By Natalie Grover and Aby Jose Koilparambil (Reuters) -GSK plans to buy Canada-based drug developer Bellus Health Inc in an…
UK regulator probes Amazon’s planned purchase of iRobot
(Reuters) -Britain’s competition regulator said on Tuesday it has launched a “Phase 1” probe into Amazon.com Inc’s planned $1.7 billion…
EU may struggle to catch up with U.S., Asia in chips subsidies race
By Foo Yun Chee and Supantha Mukherjee BRUSSELS/STOCKHOLM (Reuters) – The European Union agreed a 43-billion-euro ($47 billion) chip subsidies…