BEIJING (Reuters) -China's market regulator said in a statement on Tuesday that it had suspended the antitrust investigation into DuPont China Group, a subsidiary of the U.S. firm DuPont.
The regulator launched an investigation into DuPont China in April for its alleged violation of the country's anti-monopoly law, amid a heated trade war between China and the Unites States.
(Reporting by Beijing Newsroom; Editing by Andrew Heavens)
WASHINGTON (Reuters) -There is no need for U.S. Federal Reserve Chair Jerome Powell to immediately step down, Treasury Secretary Scott Bessent said on Tuesday, adding that the Fed chief's legacy should be to right-size the central bank's non-monetary policy functions.
Bessent's comments in an interview on Fox Business Network come a day after he called on the U.S. central bank to conduct an exhaustive review of non-policy areas of operations.
... (continue reading...)(Reuters) -Federal Reserve Vice Chair for Supervision Michelle Bowman on Tuesday said the central bank's ability to set monetary policy without political interference is "very important."
"It's very important ... that we maintain our independence with respect to monetary policy," Bowman said in a CNBC interview ahead of a day-long conference she is hosting at the Fed on bank regulation.
"But we also, as part of that independence, have an... (continue reading...)
(Reuters) -Credit bureau Equifax beat Street estimates for second-quarter profit on Tuesday, helped by a smaller-than-expected drop in inquiries for mortgage credit reports, and raised its annual revenue forecast marginally.
Mortgage inquiries buoyed Equifax's second-quarter results in an otherwise subdued mortgage market, with the 30-year mortgage rate — the interest rate for the most popular U.S. home loan — at lower levels than a year earlier when the... (continue reading...)
By Dan Peleschuk
(Reuters) -Ukraine's parliament voted on Tuesday to tighten restrictions on two key anti-corruption agencies, lawmakers said, rolling back the autonomy of institutions that have been at the centre of the government's reform programme.
Stamping out endemic graft is a central requirement for Kyiv to join the European Union, and independent investigators have in recent months embarrassed senior officials with allegations of... (continue reading...)
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