BOGOTA (Reuters) – Shares in companies that are part of Colombia’s largest conglomerate GEA rose on Wednesday after Abu Dhabi-based investor International Holding Company (IHC) launched a bid to buy a stake worth up to $2.15 billion in Nutresa. Grupo Empresarial Antioqueno, or GEA, is a conglomerate of more than 100 firms, including Nutresa, where…
By Kirsti Knolle and Anne Kauranen BERLIN/HELSINKI (Reuters) -Germany on Wednesday agreed to nationalise Uniper, raising the bill to rescue the gas importer to 29 billion euros ($28.7 billion) amid an escalating energy crisis that shows just how much Europe’s top economy has relied on Russian fuel. The deal brings the total cash pumped into…
By Julie Gordon OTTAWA (Reuters) – Renters are increasingly likely to occupy newer homes in Canada, suggesting investors may be displacing owner-occupiers as the country looks to build its way out of an affordability crisis, census data from Statistics Canada showed on Wednesday. Some 40.4% of homes built between 2016 and 2021 are occupied by…
A 99-day run of falling gasoline prices — a streak that gave consumers a glimmer of hope that red-hot inflation might be cooling — has ended, with pump prices still much higher than a year ago. The nationwide average price for a gallon ticked up less than a penny Wednesday, to $3.68 a gallon, according…
Sales of previously occupied U.S. homes slowed in August for the seventh month in a row, as sharply higher mortgage rates and rising prices made homebuying less affordable, further cooling the once red-hot housing market. The National Association of Realtors said Wednesday that existing home sales fell 0.4% last month from July to a seasonally…
By Pete Schroeder WASHINGTON (Reuters) -The chief executives of JPMorgan, Bank of America, Citigroup, Wells Fargo and other major U.S. banks are facing a grilling by both Democratic and Republican lawmakers on Wednesday on the economy, consumer protections and the lenders’ stance on fossil fuel lending and firearms, among other issues. In testimony before the…
NEW YORK (AP) — Walmart is taking a cautious approach to the holiday shopping season, announcing it will hire 40,000 U.S. workers for the holidays, a majority of them seasonal workers. The move, announced Wednesday, comes as the nation’s largest retailer and largest private employer said it’s in a stronger staffing position heading into the…
(Reuters) – Wall Street’s main indexes opened higher on Wednesday ahead of a widely expected hefty rate hike from the U.S. Federal Reserve, with investors awaiting cues on the length and depth of further policy tightening to tame surging price pressures. The Dow Jones Industrial Average rose 113.2 points, or 0.37%, at the open to…
By Ann Saphir and Howard Schneider WASHINGTON (Reuters) – How much faith Federal Reserve officials still have in prospects for a “soft landing” as they take aggressive action to quash the highest inflation in 40 years will be revealed on Wednesday when the central bank releases fresh policymaker forecasts. The projections from the 19 policymakers,…
BRUSSELS (AP) — Thousands of people gathered on Wednesday in the Belgian capital Brussels for “a national day of action” to protest against skyrocketing electricity, natural gas and food prices and draw attention to the sharp hike in the cost of living. Trade unions and city police said that around 10,000 took part. People from…
