By Nate Raymond
(Reuters) - The U.S. Consumer Financial Protection Bureau (CFPB) on Tuesday scored a jurisdictional victory when a federal judge in Texas transferred to another court in Washington, D.C., an industry-backed lawsuit challenging the agency's rule capping credit card late fees at $8.
U.S. District Judge Mark Pittman in Fort Worth moved swiftly to transfer the lawsuit out of his courthouse for a second time after a federal... (continue reading...)
(Reuters) - Merck & Co is nearing a $1.3 billion cash deal to buy ophthalmology biotechnology company Eyebiotech in an agreement that could see an additional $1.7 billion in milestone payments, the Wall Street Journal reported on Tuesday.
(Reporting by Kanjyik Ghosh; Editing by Subhranshu Sahu)
By Devayani Sathyan
BENGALURU (Reuters) - Australian home price rises will outpace overall inflation over the next couple of years, despite fading expectations of interest rate cuts, according to a Reuters poll of analysts who said the supply of affordable homes will keep falling short of demand.
Robust demand for housing and the failure of homebuilders to adequately increase supply has turned Australia into one of the world's most... (continue reading...)
TAIPEI (Reuters) - Taiwan's cabinet will reject and send back for review legislation the opposition passed on Tuesday on parliamentary reforms that have brought tens of thousands onto the streets to protest and accusations of Chinese interference.
The peaceful protests, and sometimes violent confrontations in parliament over the reforms, have been taking place against a backdrop of broader concern about efforts by China, which views Taiwan as its own... (continue reading...)
By Arathy Somasekhar
(Reuters) - Oil prices rose on Wednesday on expectations major producers will maintain production cuts at a meeting this Sunday at the same time fuel consumption should begin rising with the start of the peak summer demand season.
Brent crude futures for July delivery rose 27 cents, or 0.3%, to $84.49 a barrel at 0042 GMT. U.S. West Texas Intermediate futures for July climbed 35 cents, or 0.4%, to $80.18.
... (continue reading...)More Reuters
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