Town Hall News

(Reuters) -Rating agency Fitch said on Wednesday that U.S. regional banks will face continued challenges in 2024, with those lacking scale or focused on commercial loan growth disproportionately pressured. “Regional banks lacking in scale will be disproportionately pressured to reduce cost bases and optimize loan composition,” Fitch said on Wednesday, adding this would “diminish their ratings headroom, leaving larger players relatively well-positioned to continue to gain market share.” Fitch said […]

(Reuters) -Rating agency Fitch said on Wednesday that U.S. regional banks will face continued challenges in 2024, with those lacking scale or focused on commercial loan growth disproportionately pressured. “Regional banks lacking in scale will be disproportionately pressured to reduce cost bases and optimize loan composition,” Fitch said on Wednesday, adding this would “diminish their ratings headroom, leaving larger players relatively well-positioned to continue to gain market share.” Fitch said […]

By Daisy Chung, Ernest Scheyder and Clare Trainor (Reuters) – The International Seabed Authority is working to set regulations for deep-sea mining as companies engaged in the clean energy transition clamor for more minerals. That transition will be a central focus at the United Nations’ COP28 climate summit in Dubai from Nov. 30 to Dec. 12. The seafloor, especially in parts of the Pacific Ocean, is covered by potato-shaped rocks […]

By Daisy Chung, Ernest Scheyder and Clare Trainor (Reuters) – The International Seabed Authority is working to set regulations for deep-sea mining as companies engaged in the clean energy transition clamor for more minerals. That transition will be a central focus at the United Nations’ COP28 climate summit in Dubai from Nov. 30 to Dec. 12. The seafloor, especially in parts of the Pacific Ocean, is covered by potato-shaped rocks […]

(Reuters) – The U.S. Food and Drug Administration on Wednesday approved Bristol-Myers’ drug to treat patients with a type of lung cancer. (Reporting by Bhanvi Satija in Bengaluru; Editing by Devika Syamnath) Brought to you by www.srnnews.com

By Leika Kihara TOKYO (Reuters) -The Bank of Japan has stepped up its drum beat of hawkish comments over the past week, in a series of communications that insiders say is priming markets for an end to negative interest rates, which could happen in the first few months of next year. The distinct change in BOJ commentary is a part of Governor Kazuo Ueda’s plan to dismantle the controversial monetary […]

NEW YORK (Reuters) -New York state sued PepsiCo on Wednesday, accusing the beverage and snack food giant of polluting the environment and endangering public health through its single-use plastic bottles, caps and wrappers. The lawsuit filed in state court in upstate Erie County is among the first by a U.S. state to target a major plastics producer. New York Attorney General Letitia James accused PepsiCo of contributing to a public […]

By Joey Roulette (Reuters) -The Federal Aviation Administration on Wednesday granted Elon Musk’s SpaceX a license to launch the company’s second test flight of its next-generation Starship and heavy-lift rocket from Texas, the agency said. SpaceX said it was targeting Friday for a launch, saying a two-hour launch window opens at 7 a.m. Central Time (1300 GMT). “The FAA determined SpaceX met all safety, environmental, policy and financial responsibility requirements,” […]

By Davide Barbuscia NEW YORK (Reuters) – A key reform proposed by the U.S. Securities and Exchange Commission to boost the use of central clearing for U.S. Treasuries could leave the market more exposed to cybersecurity risks, Barclays said, referring to the cyber hack of Industrial and Commercial Bank of China’s U.S. broker-dealer last week. The SEC central clearing rule, first proposed in September last year, would apply to the […]