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Mortgage rates fall below 3% for first time since February – MBA
By Evan Sully (Reuters) - The 30-year U.S. mortgage rate fell below 3% last week for the first time since February as interest rates globally drifted lower. The Mortgage Bankers Association (MBA) said...
Syndicated Content Aug 04, 2021
Myanmar limits foreign hires in banks in troubled financial sector
By Shoon Naing BANGKOK (Reuters) - Myanmar is limiting the number of foreign staff allowed to work in domestic banks, a move that industry sources warn could further impede financial development in a ...
Syndicated Content Aug 04, 2021
Marathon Petroleum posts first adjusted profit since pandemic on fuel demand
(Reuters) -U.S. oil refiner Marathon Petroleum Corp on Wednesday posted its first adjusted quarterly profit since the pandemic, boosted by a rebound in fuel demand. While refiners have ramped up crude...
Syndicated Content Aug 04, 2021
CVS Health profit falls 6.5% on higher medical costs
(Reuters) - CVS Health Corp reported a 6.5% fall in quarterly profit on Wednesday, hit by higher costs at its health insurance unit as demand for non-COVID healthcare services normalized. Net income a...
Syndicated Content Aug 04, 2021
Factbox-China’s key commodities targeted by Beijing’s recent measures
By Shivani Singh and Min Zhang BEIJING (Reuters) - As a key producer, importer and consumer of most of the world's major commodities, China is uniquely sensitive to sharp price rises or supply disrupt...
Syndicated Content Aug 04, 2021
Huawei CFO’s U.S. extradition case begins final weeks of hearings in Canadian court
By Moira Warburton VANCOUVER (Reuters) - Huawei Chief Financial Officer Meng Wanzhou is returning to a Canadian courtroom on Wednesday for the final weeks of her U.S. extradition hearings, as the lega...
Syndicated Content Aug 04, 2021
Australian regulator sues Mercedes for downplaying Takata air bag risks
(Corrects to say 4 mln airbags were identified for recall from 2018 onwards, not recalled, in paragraph 2) (Reuters) - Australia's consumer watchdog filed a court case on Wednesday against Mercedes-Be...
Syndicated Content Aug 04, 2021
Germany plans insolvency waiver for flood disaster areas
BERLIN (Reuters) - Germany plans to introduce a waiver on bankruptcy filing for businesses affected by last month's devastating floods, the Justice Ministry said on Wednesday. Parliament will have to ...
Syndicated Content Aug 04, 2021
UK private-sector growth slows to weakest since March – PMI data
By David Milliken LONDON (Reuters) - British private-sector growth slowed sharply last month due to supply-chain bottlenecks and high worker absences prompted by COVID-19 isolation requirements, a clo...
Syndicated Content Aug 04, 2021
Chesapeake Energy’s future muddied by executive departures, strategy shifts
By Liz Hampton (Reuters) - When U.S. oil and gas producer Chesapeake Energy Corp emerged from bankruptcy in February, it touted to investors a clean balance sheet, a new board of directors and a promi...
Syndicated Content Aug 04, 2021

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