Revolut weighs buying US bank to get licence
Acquisition would be faster route for fintech to start lending in US than applying for permit of its own
Economic news
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Trump’s tariffs spread alarm among Brazilian farmers and ranchers
Threat of 50% US import tax leaves producers of orange juice, coffee and beef in fear of lost sales
Wall Street gears up for ‘pivotal’ three days for US markets
Deluge of economic data, corporate earnings and tariffs news could set the tone for the remainder of the year
The Fed is unlikely to cut rates, but this week’s meeting is packed with intrigue
Considering nothing is likely to happen when it comes to major policy decisions, the meeting promises several fascinating subplots.
US companies use hot markets to slash borrowing costs on risky loans
Repricing activity hits record high of $153bn in July in latest sign of investor optimism
IMF upgrades global growth forecast on signs of reduced trade war impact
Fund says weaker US dollar has helped lessen effect of Donald Trump’s tariffs