US SEC does not plan to appeal court decision on Grayscale bitcoin ETF -source

US SEC does not plan to appeal court decision on Grayscale bitcoin ETF -source

The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. REUTERS/Jim Bourg/File Photo Acquire Licensing Rights NEW YORK, Oct 13 (Reuters) – The U.S. Securities and Exchange Commission (SEC) will not appeal a recent court ruling that found it was wrong to reject an application from Grayscale Investments … Read more

Analysis: When, not if, Europe copies Wall Street share trading reform

Analysis: When, not if, Europe copies Wall Street share trading reform

Wall Street due to change to one day settlement in May Shorter time could increase competitiveness of EU markets Could be complex due to numbers of institutions involved LONDON, Oct 5 (Reuters) – The European Union, Britain and Switzerland have little choice but to copy Wall Street in speeding up share trading, though it will … Read more

Policy Watch: ‘We’re building the plane as we are flying it’ with carbon removals

Policy Watch: ‘We’re building the plane as we are flying it’ with carbon removals

Achieving 2050 net zero targets will be ‘very difficult’ without removing gigatons of CO2 But removals mustn’t distract from efforts to cut emissions, with the WRI proposing separate targets Developing monitoring, reporting and verification frameworks is critical to command confidence The European Union has proposed a voluntary Carbon Removal Certification Framework UK intends to integrate … Read more

EU examines Nvidia-dominated AI chip market’s abuses – Bloomberg News

EU examines Nvidia-dominated AI chip market’s abuses – Bloomberg News

The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. REUTERS/Robert Galbraith/File Photo Acquire Licensing Rights Sept 29 (Reuters) – The European Union is examining alleged anticompetitive practices in chips used for artificial intelligence, a market that Nvidia (NVDA.O) dominates, Bloomberg News reported on Friday, citing people … Read more

Brazil’s central bank seeks tighter cryptocurrency regulation, brokerage oversight

Brazil’s central bank seeks tighter cryptocurrency regulation, brokerage oversight

BRASILIA, Sept 27 (Reuters) – Brazil’s central bank governor Roberto Campos Neto on Wednesday said policymakers are aiming to tighten cryptocurrency regulation and subject brokerages to their supervision. Speaking during a hearing in Congress, Campos Neto emphasized regulators will scrutinize the backing of cryptocurrencies and associated activities, given the significant surge in cryptocurrency imports by … Read more

US government shutdown: What is it and who would be affected?

US government shutdown: What is it and who would be affected?

Sept 22 (Reuters) – U.S. government services would be disrupted and hundreds of thousands of federal workers furloughed without pay if Congress fails to provide funding for the fiscal year starting Oct. 1. Workers deemed “essential” would remain on the job, but without pay. Many government agencies have not updated shutdown plans they have prepared … Read more

Conservatives hope Supreme Court defangs US consumer watchdog

Conservatives hope Supreme Court defangs US consumer watchdog

The U.S. Supreme Court building is seen on the day that Justices Clarence Thomas and Samuel Alito released their delayed financial disclosure reports and the reports were made public in Washington, U.S., August 31, 2023. REUTERS/Kevin Wurm/File Photo Acquire Licensing Rights WASHINGTON, Sept 12 (Reuters) – The U.S. Consumer Financial Protection Bureau is currently pursuing … Read more

Lilly’s diabetes drug gets greenlight from UK watchdog

Lilly’s diabetes drug gets greenlight from UK watchdog

The logo of Lilly is seen on a wall of the Lilly France company unit, part of the Eli Lilly and Co drugmaker group, in Fegersheim near Strasbourg, France, February 1, 2018. Picture taken February 1, 2018. REUTERS/Vincent Kessler/File Photo Acquire Licensing Rights Sept 8 (Reuters) – Eli Lilly’s (LLY.N) diabetes drug Mounjaro has gained … Read more

Analysis: European private loan market falters as corporate credit stress mounts

Analysis: European private loan market falters as corporate credit stress mounts

Private debt fundraising and deals slow Industry tested by new high rate environment Lending squeeze set to aggravate default risks LONDON, Sept 7 (Reuters) – Direct lending, a key but expensive source of credit for riskier European firms that banks often shy away from, is running out of steam, a fresh sign that aggressive interest … Read more

Raimondo warns China patience of US business is ‘wearing thin’

Raimondo warns China patience of US business is ‘wearing thin’

U.S. Secretary of Commerce Gina Raimondo attends a press conference at the Boeing Shanghai Aviation Services near the Shanghai Pudong International Airport, in Shanghai, China August 30, 2023. REUTERS/Aly Song Acquire Licensing Rights WASHINGTON, Sept 3 (Reuters) – U.S. Commerce Secretary Gina Raimondo warned China in interviews broadcast on Sunday that the patience of U.S. … Read more