(Reuters) – Heavy rainstorms poured over parts of New York and Pennsylvania on Sunday, with first responders rescuing people stuck in vehicles along flooded roadways and with more wet weather on the way for the U.S. Northeast. U.S. Representative Mike Lawler, who represents New York’s Hudson Valley area north of New York City, posted several…
SHANGHAI/SINGAPORE (Reuters) -More than a dozen major mutual fund companies in China cut fees in roughly 1,500 fund products on Monday as regulators started reforming fee practices in the $3.7 trillion industry in an effort to reduce costs to investors. The money managers, including China Asset Management Co and Bank of Communications Schroder Fund Management…
TOKYO (Reuters) -Japan’s current account surplus more than doubled year-on-year in May, in a fourth straight month of gains, as the country’s trade deficit narrowed and income gains from its overseas investment expanded, Ministry of Finance data showed on Monday. The current account surplus reached 1.86 trillion yen ($13.08 billion) in May, compared with 773…
(Reuters) – Buyout house TPG is buying a business unit of software provider Forcepoint for $2.45 billion from Francisco Partners, the Wall Street Journal reported on Sunday citing people familiar with the matter. TPG is acquiring Forcepoint’s government cybersecurity business, known as Forcepoint Global Governments and Critical Infrastructure, according to the report. The unit focuses…
TORONTO (Reuters) – Talks in Pacific Canada between striking dock workers and their employers have resumed after four days away from the negotiation table, a statement on Saturday by the British Columbia Maritime Employers Association (BCMEA) showed. The BCMEA and the International Longshore and Warehouse Union Canada (ILWU Canada) met on Saturday, supported by federal…
By Marc Jones LONDON (Reuters) – An increasing number of countries are repatriating gold reserves as protection against the sort of sanctions imposed by the West on Russia, according to an Invesco survey of central bank and sovereign wealth funds published on Monday. The financial market rout last year caused widespread losses for sovereign money…
By Ezgi Erkoyun and Kanishka Singh ISTANBUL/WASHINGTON (Reuters) -U.S. President Joe Biden expressed a desire to see Sweden join NATO “as soon as possible” in a phone call with Turkish President Tayyip Erdogan in which they discussed Sweden’s bid to become a member of the Western alliance, the White House said on Sunday. Turkey, along…
TEGUCIGALPA (Reuters) – A UN mission of experts arrived in Honduras to examine the establishment of an international anti-corruption mission in the Central American nation, which is plagued by widespread corruption that exacerbates poverty and immigration, Honduran authorities announced Sunday. Leftist President Xiomara Castro pledged during her campaign to install an anti-corruption commission known as…
LONDON (Reuters) – Pay pressures in Britain’s labour market cooled further in June, according to a survey of recruiters published on Monday that could help ease some of the Bank of England’s (BoE) concerns about inflation pressure. The Recruitment and Employment Confederation (REC) and accountants KPMG said increases in starting salaries for permanent and temporary…
(Reuters) – Chinese electric vehicle manufacturers are pouring into Thailand, having committed to invest $1.44 billion in production facilities in Southeast Asia’s biggest automaking hub that has long been dominated by Japanese companies. This new wave of investment has been backed by Thailand’s government, which has rolled out incentives and courted Chinese firms, with a…
