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U.S. benchmark rate committee recommends CME SOFR term rates
By Karen Brettell and Jonnelle Marte (Reuters) - A group of banks and investors overseeing the shift of trillions of dollars to the new benchmark U.S. interest rate SOFR said on Thursday that they are...
Syndicated Content Jul 29, 2021
U.S. pending home sales decline in June
By Evan Sully (Reuters) - Contracts to purchase previously owned U.S. homes declined in June in step with a spike in home prices after rebounding strongly in the prior month. The National Association ...
Syndicated Content Jul 29, 2021
Foreign funds now own 81% of all shares listed on Moscow Exchange -bourse
MOSCOW (Reuters) - Global foreign funds increased their holdings of Russian stocks to more than 80% of all shares trading on the Moscow Exchange in the first half of this year, the bourse said on Thur...
Syndicated Content Jul 29, 2021
Elton John condemns rapper DaBaby for comments ‘fuelling’ HIV stigma
LONDON (Reuters) - Singer Elton John has condemned American rapper DaBaby for comments he made at a concert about people living with HIV, saying such statements fuel "stigma and discrimination". DaBab...
Syndicated Content Jul 29, 2021
Spanish court drops investigation into Repsol chairman in alleged spying case
By Jess Aguado MADRID (Reuters) - Spain's High Court has dropped a formal investigation into the chairman of oil company Repsol Antonio Brufau after it found no evidence of his alleged participation i...
Syndicated Content Jul 29, 2021
Big Oil back to boom after pandemic bust, aiding climate push
By Ron Bousso LONDON (Reuters) - Europe's top energy companies signalled confidence in a lasting recovery from the pandemic impact by drawing on higher oil prices to boost shareholder returns and reas...
Syndicated Content Jul 29, 2021
Hear no evil, see no evil: How Credit Suisse ignored Archegos warnings
By John O'Donnell FRANKFURT (Reuters) - Weeks before Archegos collapsed, Credit Suisse received what would turn out to be one of its final warnings from a junior analyst about the hedge fund's impendi...
Syndicated Content Jul 29, 2021
Pandemic drove online prices higher -report
By Howard Schneider WASHINGTON (Reuters) - The rush to online shopping during the pandemic drove prices higher for goods ordered over the internet, eroding a long-standing cost advantage and possible ...
Syndicated Content Jul 29, 2021
Britain’s Virgin Media 02 to upgrade network to fibre by 2028
By Paul Sandle LONDON (Reuters) - British cable and mobile provider Virgin Media O2 said it would upgrade its entire network serving 15.5 million premises to full fibre by 2028, stepping up its challe...
Syndicated Content Jul 29, 2021
Electric aircraft startup Archer says its valuation cut by $1 billion
(Reuters) -Electric aircraft startup Archer's pro forma enterprise value has been cut to $1.7 billion from $2.7 billion as part of a revised deal, Archer and blank-check firm Atlas Crest Investment Co...
Syndicated Content Jul 29, 2021

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