By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday crypto asset regulations should support responsible innovation while managing risks, sticking to the contours of a recent White House executive order that was well-received by the crypto market. In a speech on digital assets policy released by the Treasury, Yellen said…
LONDON (Reuters) -Qatar Airways accused planemaker Airbus on Thursday of moving the goalposts in a safety and contractual dispute by raising the allowable limit for surface damage to the A350 jetliner. The two sides have been locked in a high-profile dispute over damage to the anti-lightning mesh within the painted skin of the A350 that…
By Katanga Johnson and Elizabeth Dilts Marshall WASHINGTON/NEW YORK (Reuters) – The U.S. consumer watchdog plans to ramp up enforcement actions against lenders that illegally charge credit card late-payment fees and may rewrite its rules that set thresholds for such fees, according to two people with direct knowledge of the matter. The development marks an…
HAIPHONG (Reuters) – Vietnamese automaker VinFast said on Thursday that a Singapore-based holding company that owns a stake in it had confidentially filed for an initial public offering (IPO) with U.S. securities regulators. VinFast, which is a unit of Vietnam’s biggest conglomerate Vingroup JSC, said it had not determined the size and price range for…
MILAN (Reuters) – Shares in Atlantia jumped almost 12% to their highest levels in over two years after Global Infrastructure Partners and Brookfield Infrastructure pitched a possible takeover of the Italian road and airport operator. The funds have an agreement with ACS under which the Spanish construction company could acquire a majority stake in Atlantia’s…
By Stephen Jewkes MILAN (Reuters) -Global Infrastructure Partners and Brookfield Infrastructure pitched a possible takeover of Italian road and airport operator Atlantia last week after talks with its main shareholder, the two funds said. Shares in Atlantia, which has a market capitalisation of over 16 billion euros ($17.5 billion), surged 10% on Thursday as the…
By Swathi Nair BENGALURU (Reuters) – Recession risks in the euro area are rising, with euro zone inflation seen running hot for the remainder of 2022 and the European Central Bank likely to increase its deposit rate by year-end, a Reuters poll showed. While inflation hit another record high of 7.5% in March, it is…
By Aditya Kalra, Aftab Ahmed and Anirban Sen NEW DELHI (Reuters) – Walmart’s Indian e-commerce company Flipkart has internally raised its IPO valuation target by around a third to $60-70 billion, and now plans a U.S. listing in 2023 instead of this year, two sources with direct knowledge of the plan told Reuters. Flipkart, which…
LONDON (Reuters) – Britain’s financial watchdog said on Thursday it will create 80 new roles to shut down problem companies faster as it faces pressure from lawmakers to tackle a rising volume of scams. The Financial Conduct Authority said a three-year business plan will focus on preventing serious harm to consumers, set higher standards and…
LONDON (Reuters) – Shell said on Thursday it expects to write off $4 to $5 billion post-tax from the value of its assets in the first quarter of 2022 following its decision to exit Russia. (Reporting by Ron Bousso; editing by Jason Neely)
