WASHINGTON (Reuters) - The chair of the National Transportation Safety Board will tell the Senate Commerce Committee on Wednesday the agency needs more funding and warn cuts could put probes into aviation and rail accidents at risk. NTSB Chair Jennifer Homendy will tell a committee hearing, in written testimony seen by Reuters, that funding levels in a Senate bill would...

By Roushni Nair (Reuters) -Australia's fourth-biggest bank ANZ Group said on Wednesday it had agreed to sell around 546 million shares, or 16.5% interest, in Malaysian lender AMMB Holdings (AmBank) for about 2.10 billion ringgit ($443.69 million). The sale of shares, made through a block trade, has been upsized to a 16.5% stake from 9% previously agreed, according to a...

LONDON/NEW YORK (Reuters) -As Tether toasts $100 billion in circulation this week, the rapid rise of the world's biggest stablecoin has highlighted concerns about potential risks to wider financial markets. The digital dollar-pegged token is designed to keep a constant value, something Tether says that it does by holding dollar-denominated reserves for every token it creates. Crypto traders say the...

(Reuters) - A former owner of a Massachusetts compounding pharmacy whose mold-tainted drugs sparked a deadly U.S. fungal meningitis outbreak in 2012 has pleaded no contest to involuntary manslaughter charges over the deaths of 11 Michigan residents. The plea by Barry Cadden, the former president of New England Compounding Center, was announced on Tuesday by Michigan Attorney General Dana Nessel...