Category Archives:
Citigroup profit sinks 27% on loan loss provisions, dealmaking slump
(Reuters) -Citigroup Inc posted a 27% decline in second-quarter profit on Friday as the third-largest U.S. bank added reserves for potentially sour loans and its investment banking business took a hit...
Jul 15, 2022
Japan finance minister warns vs speculative moves behind rapid yen weakening
By Tetsushi Kajimoto TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki warned on Friday against "speculative moves" seen behind a rapid yen weakening, using the strongest wording to the day a...
Jul 15, 2022
Italy’s Rcs and Blackstone reach settlement over property dispute – source
MILANO (Reuters) - RCS MediaGroup and Blackstone have reached an agreement to settle the legal row on the disputed sale of the headquarters of the Italian publishing company by the U.S. fund in 2013, ...
Jul 15, 2022
U.S. equity funds record third weekly outflow in a row
(Reuters) - U.S. equity funds witnessed outflows for the third week in a row in the week ended July 13, on pessimism over economic growth and earnings outlook as companies are hit by higher borrowing ...
Jul 15, 2022
Analysis-ECB bond aid plan’s fault lines exposed by Italy’s political crisis
By Francesco Canepa FRANKFURT (Reuters) - A government crisis in Italy is complicating a politically sensitive plan devised by the European Central Bank to support indebted euro zone countries on the ...
Jul 15, 2022
Futures crawl higher, Wells Fargo down after results
(Reuters) - U.S. stock index futures eked out gains on Friday as investors braced for retail sales data, while Wells Fargo became the third major U.S. bank to report disappointing earnings. The fourth...
Jul 15, 2022
Israel inflation rate hits 14-year high of 4.4% in June
JERUSALEM (Reuters) - Israel's consumer price index (CPI) rose a slightly smaller than expected 4.4% in June over the prior 12 months, the most since November 2008, the Central Bureau of Statistics sa...
Jul 15, 2022
Is Warren Buffett’s interest in Occidental a bet against recession?
By Liz Hampton (Reuters) - Warren Buffett's near 20% stake in Occidental Petroleum has some investors expecting the billionaire to eventually absorb the oil producer and turn it into a "cash machine" ...
Jul 15, 2022
Planting of summer crops ramps up in India as monsoon revives
By Rajendra Jadhav MUMBAI (Reuters) - Ample monsoon rain in the first half of July accelerated planting of main summer-sown crops such as soybean, cotton and pulses in India, although rice planting is...
Jul 15, 2022
Producers of fries refusing to supply to Russia, McDonald’s successor says
(This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine.) MOSCOW (Reuters) - The head of the company now running the former McDonald's Corp cha...
Jul 15, 2022
Peoria, IL, USA
75 °F Partly cloudy
