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U.S. SEC rejects Grayscale’s spot bitcoin ETF

Reuters
A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/File Photo Register now for FREE unlimited access to Reuters.com Register June 29 (Reuters) – The U.S. securities regulator on Wednesday rejected a proposal to list a spot......

Hungary decree allows government to supervise energy firms if needed

Reuters
Gas pipelines are seen at Zsana Storage Site in Zsana, Hungary, May 20, 2022. REUTERS/Bernadett Szabo Register now for FREE unlimited access to Reuters.com Register BUDAPEST, June 29 (Reuters) – Hungary has passed a decree empowering the government to take over the supervision of vital energy firms and the gas......

Volt, Australia’s first online-only bank, shuts down due to fund-raising woes

Reuters
June 29 (Reuters) – Volt Bank Ltd, the first exclusively online bank to gain an Australian banking licence, said on Tuesday it would shut down, returning deposits and selling its mortgage book after failing to raise sufficient funds to support the business. Its collapse is a further blow to a......

U.S. FDA classifies recall of GE’s ventilator batteries as most serious

Reuters
June 28 (Reuters) – U.S. health regulators on Tuesday classified the recall of some backup batteries of GE Healthcare’s ventilators, which the company had initiated in mid-April, as the most serious type, saying that their use could lead to injuries or death. The CARESCAPE R860 ventilator’s backup batteries, including replacement......

Raft of U.S. banks raise dividends after stress tests

Reuters
BANGALURU/NEW YORK, June 27 (Reuters) – Morgan Stanley (MS.N), Goldman Sachs (GS.N), Bank of America (BAC.N)and Wells Fargo (WFC.N) hiked their dividends on Monday while JPMorgan & Chase (JPM.N) kept its payout flat, after the U.S. banks cleared their annual stress test exerciselast week. The U.S. FederalReserve said on Thursday......

Google faces antitrust complaint by Danish job-search rival

Reuters
BRUSSELS, June 27 (Reuters) – Google faces an antitrust complaint on Monday by Danish online job-search rival Jobindex, whichtold European Union regulators the Alphabet-owned (GOOGL.O) business had allegedly unfairly favoured its own job-search service. The complaint could reinvigorate EU antitrust chief Margrethe Vestager’s scrutiny of the service, Google for Jobs.......

China proposes rules to regulate private pension investment via mutual funds

Reuters
A Chinese national flag flutters near the building of China Securities Regulatory Commission (CSRC) at the Financial Street area in Beijing, China July 16, 2020. REUTERS/Tingshu Wang/Files Register now for FREE unlimited access to Reuters.com Register SHANGHAI, June 25 (Reuters) – China’s securities regulator proposed rules to regulate private pension......

India plans safety rating system for passenger cars

Reuters
Traffic moves on a road in a heat haze during hot weather on the outskirts of Ahmedabad, India, May 12, 2022. REUTERS/Amit Dave Register now for FREE unlimited access to Reuters.com Register NEW DELHI, June 25 (Reuters) – India will introduce a safety rating system for passenger cars – a......

Frontier raises offer for Spirit to stave off JetBlue’s bid

Reuters
A logo of low cost carrier Spirit Airlines is pictured on an Airbus plane in Colomiers near Toulouse, France, November 6, 2018. REUTERS/Regis Duvignau//File Photo Register now for FREE unlimited access to Reuters.com Register June 24 (Reuters) – Spirit Airlines Inc (SAVE.N) on Friday urged its shareholders to back a......

Canada’s Rogers, Shaw, watchdog agree to start mediation over C$20 bln deal

Reuters
General view of the Rogers Building, quarters of Rogers Communications in Toronto, Ontario, Canada October 22, 2021. REUTERS/Carlos Osorio Register now for FREE unlimited access to Reuters.com Register TORONTO, June 24 (Reuters) – Rogers Communications Inc (RCIb.TO), Shaw Communications Inc (SJRb.TO) and Canada’s competition bureau have agreed to start a......

U.S. complaints against airlines soar as on-time arrivals fall

Reuters
WASHINGTON, June 23 (Reuters) – U.S. consumers lodged more than quadruple the number of complaints against U.S. airlines in April compared with pre-pandemic levels as on-time arrivals fell, according to a report Thursday. The U.S. Department of Transportation (USDOT) announced on Thursday that it received 5,079 complaints about airline service......

European banks ace U.S. Fed’s stress test, show strong capital levels

Reuters
WASHINGTON/LONDON, June 23 (Reuters) – The U.S. units of major European lenders including Deutsche Bank, Barclays and Credit Suisse sailed through the Federal Reserve’s annual “stress tests” on Thursday, showing they hold enough capital to weather an economic shock. For the seven European bank subsidiaries the Fed oversees with more......

U.S. FDA halts sales of Juul e-cigarettes in nicotine crackdown

Reuters
June 23 (Reuters) – The Food and Drug Administration on Thursday blocked Juul Labs Inc from selling its e-cigarettes in the United States, potentially dealing a fatal blow to the once high-flying San Francisco company. Following a nearly two-year-long review of scientific and public health data submitted by the company,......

Italy’s Monte dei Paschi seeks 2.5 bln euros for latest relaunch plan

Reuters
People are seen inside a Monte dei Paschi di Siena bank in Rome, Italy August 16, 2018. REUTERS/Max Rossi Register now for FREE unlimited access to Reuters.com Register Targets 3,800 voluntary staff exits in November Secures pre-underwriting accord with group of banks To lower costs, replenish capital with cash call......

Samsung Australia fined $9.7 mln over false water-resistance claims

Reuters
A woman tries out a Samsung Electronics’ Galaxy Note 8 at its store in Seoul, South Korea, October 11, 2017. REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com Register June 23 (Reuters) – Australia’s competition regulator said on Thursday a court ordered the local unit of Samsung Electronics......

Fed’s Powell: committed to inflation fight, not trying to trigger recession

Reuters
June 22 (Reuters) – The Federal Reserve is not trying to engineer a recession to stop inflation but is fully committed to bringing prices under control even if doing so risks an economic downturn, U.S. central bank chief Jerome Powell said on Wednesday. “We are not trying to provoke, and......

Biden asks Congress to pause gas tax amid record pump prices

Reuters
June 22 (Reuters) – U.S. President Joe Biden on Wednesday called on Congress to pass a three-month suspension of the federal gasoline tax to help combat record pump prices and provide temporary relief for American families this summer. The president also urged states to temporarily suspend state fuel taxes, which......

Swedish court upholds ban on Huawei sale of 5G gear

Reuters
STOCKHOLM, June 22 (Reuters) – A Swedish appeals court on Wednesday upheld a ruling by a lower court that banned Huawei (HWT.UL) from selling 5G equipment in the country, in the latest setback to the Chinese telecoms company’s hopes of staging a comeback. In 2020, Swedish telecom regulator PTS unexpectedly......

Italy’s Saipem sets terms for cash call, shares drop 15%

Reuters
A Saipem logo in seen on the bridge of the Saipem 10000 deepwater drillship in Genoa’s harbour, Italy, November 19, 2015. REUTERS/Alessandro Garofalo Register now for FREE unlimited access to Reuters.com Register New shares offered at 1.013 euros each Capital hike to run from June 27 to July 11 Core......

Crown Resorts gets conditional nod to open gaming operations in Sydney

Reuters
June 22 (Reuters) – New South Wales’ gaming regulator said on Wednesday it has given Crown Resorts (CWN.AX) conditional approval to open its gaming operations at its casino in Sydney, days after its $6.3 billion acquisition by Blackstone Inc (BX.N) received court approval. The Sydney casino, part of a 75-floor......

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