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Exclusive-Paxos joins spate of crypto companies applying for US trust bank licenses

By Hannah Lang (Reuters) -Paxos Trust Company, the cryptocurrency firm behind PayPal’s stablecoin, said it is applying to create a national trust bank in the U.S., joining a raft of digital asset companies looking to gain a larger foothold in the traditional financial system. If the ...
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Ford’s new line of affordable vehicles to start at about $30,000

By Nora Eckert DETROIT (Reuters) -Ford plans to start rolling out its new family of affordable electric vehicles in 2027, including a midsize pickup truck with a target starting price of $30,000, the company said on Monday, as it aspires to the cost efficiency of ...
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Gold Reserve asks US court to proceed to sale hearing in Citgo auction

HOUSTON (Reuters) -Toronto-listed miner Gold Reserve has asked a U.S. federal court to proceed to the final sale hearing that will decide the winner of an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, according to a filing. Gold Reserve’s request was ...
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Hartree in talks to buy major cocoa trader Touton, sources say

(Refiles to fix malfunctioning hyperlink. No changes to text.) By May Angel and Gus Trompiz LONDON/PARIS (Reuters) -Global energy and commodities trader Hartree Partners is in talks to acquire French agro-industrial firm Touton, which trades nearly 10% of the world’s cocoa, two sources with direct knowledge ...
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Gold Council awaiting U.S. clarity on gold bar tariffs, Barrick CEO says

By Divya Rajagopal TORONTO (Reuters) -Barrick Mining CEO Mark Bristow said on Monday that the World Gold Council is waiting for clarity from the United States regarding potential tariffs on gold bars, but he added that the impact on mining companies would be minimal as ...
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AMC tops revenue estimates as blockbuster titles boost theater attendance

(Reuters) -AMC Entertainment surpassed Wall Street estimates for second-quarter revenue on Monday, as top U.S. blockbusters such as “A Minecraft Movie” and “Lilo & Stitch” drove more people to its theater chains. Shares of the company rose 7% in premarket trading, after it also reported ...
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Air India to suspend Delhi-Washington services from September

(Reuters) -Air India said on Monday it would stop services between the capital cities of India and the U.S. from September 1, citing aircraft shortage due to the planned upgrades to its ageing Boeing planes and the closure of Pakistan’s airspace. The suspension of ...
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Hong Kong allowing listing applicants more privacy sparks wave of confidential filings

By Julie Zhu, Selena Li and Kane Wu HONG KONG (Reuters) -At least two dozen Chinese companies have confidentially filed for listing in Hong Kong this year and more are preparing to do so, two industry sources said, following a new rule permitting private ...
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Tariff inflation worry, debt deluge to prop up longer-term US Treasury yields: Reuters poll

By Sarupya Ganguly BENGALURU (Reuters) -Longer-term U.S. Treasury yields will rise modestly in coming months on tariff inflation worries and a deluge of new debt issuance even as short-term yields fall on renewed Federal Reserve rate cut bets, a Reuters survey of bond strategists showed. Both ...
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A pause on higher tariffs for China is due to expire Tuesday. Here’s what to know

TAIPEI, Taiwan (AP) — A 90-day pause on imposing higher tariffs on China is due to expire on Tuesday and it is unclear if it will be extended. After the most recent round of China-U.S. trade talks, held late last month in Stockholm, Chinese ...
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Morning Bid: Waiting on CPI, China and Alaska

By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Buoyant stock markets and an event-free Monday are allowing investors to prep for the three big events of the week: Tuesday’s U.S. ...
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Citigroup raises S&P 500 year-end target to 6,600

(Reuters) -Citigroup raised its year-end S&P 500 index target to 6,600 from 6,300, betting on corporate earnings strength fueled by benefits from President Donald Trump’s tax and spending bill, it said in a note on Friday. (Reporting by Joel Jose in Bengaluru) Brought to ...
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