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Timing for US ether ETF launches depends on how fast issuers can move, SEC chair says Jun 5, 2024 05:20PM

By Hannah Lang and Chris Prentice

(Reuters) - The timing for when exchange-traded funds (ETFs) tied to the cryptocurrency ether can begin trading depends largely on how quickly issuers respond to the U.S. Securities and Exchange Commission's queries, Chair Gary Gensler said on Wednesday.

The SEC last month approved applications from Nasdaq, CBOE and NYSE to list spot ether ETFs. It was a surprise win for the cryptocurrency industry which... (continue reading...)


Putin says West is wrong to assume Russia would never use nuclear weapons Jun 5, 2024 05:13PM

By Samia Nakhoul and Guy Faulconbridge

ST PETERSBURG, Russia (Reuters) - Russian President Vladimir Putin said on Wednesday that the West was wrong to assume that Moscow would never use nuclear weapons and said that he was considering deploying conventional missiles in striking distance of the United States and its allies.

Russia's full-scale invasion of Ukraine in 2022 touched off the worst breakdown in relations between Russia and the... (continue reading...)


Telecoms seek to block US reinstatement of net neutrality rules Jun 5, 2024 04:57PM

By David Shepardson

WASHINGTON (Reuters) - Telecom industry groups are seeking to block the Biden administration's reinstatement of landmark net neutrality rules set to take effect on July 22.

The Federal Communications Commission (FCC) voted in April along party lines to reassume regulatory oversight of broadband internet and reinstate open internet rules adopted in 2015 that were rescinded under former President Donald Trump.

... (continue reading...)
Canada's stock market hails BoC rate cut, loonie dips Jun 5, 2024 04:34PM

By Fergal Smith

TORONTO (Reuters) -Canadian stocks and bonds rallied on Wednesday, while the loonie touched a near two-week low against its U.S. counterpart, after the Bank of Canada became the first central bank among G7 countries to cut interest rates, raising prospects for Canada's economy.

The Toronto Stock Exchange's S&P/TSX composite index ended up 166.84 points, or 0.8%, at 22,145.02, clawing back much of its losses since the start of... (continue reading...)


US House Republicans ask Justice Department to prosecute Biden's son, brother Jun 5, 2024 04:33PM

By Makini Brice

WASHINGTON (Reuters) -The top U.S. House of Representatives Republicans leading an impeachment inquiry into President Joe Biden on Wednesday asked the Justice Department to prosecute his brother James and his son Hunter for allegedly lying to their probe.

More than eight months have passed since House Republicans launched their probe into the Democratic president, alleging that members of Biden's family profited by actions he... (continue reading...)


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