WASHINGTON (Reuters) – Contracts to buy U.S. previously owned homes fell more than expected in May, dropping to the lowest level in five months as a chronic shortage of houses on the market weighed on activity. The National Association of Realtors (NAR) said on Thursday that its Pending Home Sales Index, based on signed contracts,…
(Reuters) -Australian financial conglomerate Macquarie Group said on Thursday it would divest its U.S.-based port terminal operator Ceres Terminals, with a source familiar with the matter placing the deal value north of $900 million. Macquarie did not disclose any further details on the deal, and declined to comment on Reuters’ request seeking confirmation of the…
WASHINGTON (Reuters) – The United States on Thursday condemned a vote by lawmakers in Bosnia’s autonomous Serb Republic to suspend rulings by Bosnia’s constitutional court, saying the move undermined the Dayton Peace Agreement. The new law, approved on Tuesday, violates the Bosnia and Herzegovina Constitution and runs counter to the Dayton Peace Agreement, State Department…
By Rami Ayyub WASHINGTON (Reuters) -U.S. lawmakers on Thursday invited Israel’s president to address a joint meeting of Congress on July 19, a top honor aimed at celebrating Israel’s 75th birthday even as tensions rise with Prime Minister Benjamin Netanyahu’s right-wing government. Isaac Herzog’s address will be the first by an Israeli president, a largely…
By Michele Kambas and Renee Maltezou ATHENS (Reuters) – With backing from a politician jailed for leading a party declared a criminal gang, Greek far-right groups swept up over 12% of the vote in Sunday’s election, mirroring the rise of populist and ultra-nationalist politicians across Europe. The surge of three parties with their ultra-nationalist views…
(Reuters) -Authentic Brands Group has raised $500 million from its existing investor General Atlantic, bringing the private equity firm’s investment in the apparel chain operator to nearly $2 billion. The funding, announced on Thursday, underscores a resurgence of the private funding market after a rough 2022. Hopes that the easing of rate hikes in the…
(Reuters) – Eli Lilly and Co said on Thursday it will acquire all the shares of Sigilon Therapeutics that it did not own to gain access to experimental cell therapies that can provide longer-term solutions for diabetes patients. A major provider of diabetes drugs and insulin, Lilly owned nearly 8.44% stake in Sigilon as of…
(Reuters) – Eli Lilly and Co said on Thursday it will acquire all the shares of Sigilon Therapeutics that it did not own to gain access to experimental cell therapies that can provide longer-term solutions for diabetes patients. A major provider of diabetes drugs and insulin, Lilly owned nearly 8.44% stake in Sigilon as of…
LONDON (Reuters) -The Bank of England on Thursday proposed further reforms to capital rules for insurers in a step it said would cut red tape without lowering solvency standards. The Solvency II rules were inherited from the European Union and their reform is seen by the insurance industry and by lawmakers who supported Britain’s exit…
By Padraic Halpin DUBLIN (Reuters) -The Federal Reserve will have to increase rates if prices growth moves away from target or inflation expectations start to move in “a difficult way”, Atlanta Federal Reserve President Raphael Bostic said, while adding that neither was happening right now. While Chair Jerome Powell said on Thursday that most Fed…
