Edition:
India

Pete Schroeder

Fannie Mae, Freddie Mac shares down on 5-year timeline overhaul

19 Jul 2019

Shares of mortgage guarantors Fannie Mae and Freddie Mac fell on Thursday after the head of the regulator that oversees them said it was his "hope" that they would have exited or be ready to exit conservatorship before his term ends in 2024.

U.S. lawmakers challenge Facebook over Libra cryptocurrency plan

18 Jul 2019

WASHINGTON/NEW YORK U.S. lawmakers bashed Facebook on Wednesday over its planned cryptocurrency, saying the company had not shown it could be trusted to safeguard the world financial system and consumers' data. | Video

U.S. reform plan for Fannie, Freddie seen by Sept.: housing regulator

18 Jul 2019

NEW YORK/WASHINGTON The Trump administration's hotly anticipated blueprint for overhauling mortgage guarantors Fannie Mae and Freddie Mac may not be published until September as the U.S. Treasury juggles several other pressing issues, the housing regulator told Reuters.

U.S. government report on housing finance reform is 'essentially done' -regulator

18 Jul 2019

WASHINGTON, July 17 The Trump administration's report on overhauling the country's housing market is "essentially done" and could be released in late August or September, the head of the U.S. housing finance regulator told Reuters in an interview Wednesday.

Facebook to face more scrutiny from Congress on Libra

17 Jul 2019

WASHINGTON, July 17 Facebook Inc will face more questioning on Wednesday by U.S. lawmakers over its planned cryptocurrency after a bruising first bout when senators from both parties condemned the project, saying the company had not shown it could be trusted.

Facebook should not be trusted with 'crazy' cryptocurrency plan: senators

17 Jul 2019

WASHINGTON Democratic and Republican lawmakers said on Tuesday that Facebook Inc's track record of what they described as untrustworthiness should stand in the way of it launching a digital currency, labeling the plan "delusional" and "crazy" at a Senate hearing. | Video

U.S. manufacturing output climbs for second month in June

16 Jul 2019

WASHINGTON U.S. manufacturing output accelerated in June, climbing for the second straight month, thanks in large part to increased production of motor vehicles and parts.

U.S. manufacturing output climbs for second month in June

16 Jul 2019

WASHINGTON U.S. manufacturing output accelerated in June, climbing for the second straight month, thanks in large part to increased production of motor vehicles and parts.

U.S. Senate to grill Facebook over plans for Libra cryptocurrency

16 Jul 2019

WASHINGTON/NEW YORK, July 16 U.S. lawmakers from both sides of the aisle are set to grill Facebook Inc on its cryptocurrency plans on Tuesday, as the project continues to draw intense scrutiny from financial regulators and politicians across the globe.

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