Britain’s banks told to justify low savings rates by end of August
By Huw Jones LONDON (Reuters) -Britain’s banks and building societies have until the end of August to justify to regulators…
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Bumper earnings will broaden a narrow tech-led stocks rally, analysts say
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – A handful of technology firms and last year’s laggards have so far…
Lamborghini could hit 10,000 sales this year, CEO says
By Giulio Piovaccari MILAN (Reuters) – Lamborghini could sell 10,000 cars this year for the first time, its CEO said,…
Mexico’s ‘super peso’ puts squeeze on US remittances
By Lizbeth Diaz and Noe Torres TLAXCALA, Mexico (Reuters) – Mexican mother-of-two Adriana Sanchez frets the $300 or so a…
SEC asked Coinbase to trade only in bitcoin before suing crypto exchange -FT
(Reuters) – The U.S. Securities and Exchange Commission (SEC) had asked Coinbase to stop trading in all cryptocurrencies except bitcoin…
U.S. lawmakers urge Biden administration to tighten AI chip export rules
By Stephen Nellis SAN FRANCISCO (Reuters) – Two U.S. lawmakers who head a committee focused on China on Friday urged…
US proposes to hike vehicle fuel economy standards to 58 mpg by 2032
By David Shepardson WASHINGTON (Reuters) – The Biden administration on Friday proposed to hike fuel economy standards by 2032 to…
J&J effort to resolve talc lawsuits in bankruptcy fails a second time
By Dietrich Knauth NEW YORK (Reuters) -A U.S. judge on Friday shot down Johnson & Johnson’s second attempt to resolve…
Analysis-Dwindling excess savings could scupper markets’ soft-landing hopes
By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) – Markets have high hopes for a soft landing for the economy,…
Insurer CNA Financial misses profit estimates on higher catastrophe losses in P&C segment
(Reuters) – Insurer CNA Financial missed second-quarter profit estimates on Monday, as wider catastrophe losses in its property and casualty…