By Matteo Allievi and Shreyashi Sanyal (Reuters) -European shares closed higher on Thursday led by technology stocks, as hopes grew that the Federal Reserve’s post-pandemic tightening cycle was close to an end due to cooling U.S. inflation. The pan-European STOXX 600 index ended 0.6% higher, extending gains to the fifth straight day, its longest winning…
By Saeed Azhar NEW YORK (Reuters) -Goldman Sachs Group has sold $1 billion of personal loans from its consumer unit, Marcus, to alternative investment firm Varde Partners, a source familiar with the matter said on Thursday. This was the second tranche of unsecured loans offloaded by Goldman after it disclosed earlier it had sold about…
KYIV (Reuters) -Ukraine’s foreign partners pledged over 1.5 billion euros ($1.68 billion) in military aid for Kyiv while attending a NATO summit this week, Defence Minister Oleksiy Reznikov said on Thursday. “Meetings in Vilnius were very productive,” Reznikov wrote on Twitter following the summit on Tuesday and Wednesday in the Lithuanian capital. “Ukraine will receive…
WASHINGTON (Reuters) -China’s economy is slowing due to weaker private investment, slowing exports and reduced domestic demand after a strong performance in the first quarter as the economy reopened from COVID-19 lockdowns, the International Monetary Fund said on Thursday. “So the overall picture for growth in China is one of a slowing economy and that…
(Reuters) – U.S. shoppers plan to spend a record $41.5 billion during the upcoming school year, a trade group forecast on Thursday, as families accommodate an inflation-driven rise in the prices of back-to-school items, particularly electronics. The survey by the National Retail Federation (NRF) predicts consumers will spend 12.5% more during one of the key…
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Thursday reiterated that rate hikes will be essential to bring down high inflation in the United States. Daly has previously said she believes two more rate hikes will likely be needed this year. Daly wants to start heading towards a neutral rate as the…
By David Shepardson WASHINGTON (Reuters) – A group of 95 U.S. lawmakers on Thursday urged the Biden administration to finalize stricter emissions limits than it proposed in April, already prompting opposition from most automakers, a letter seen by Reuters showed. A dozen Democratic senators, including Ed Markey, Tom Carper, Alex Padilla, Ron Wyden, Elizabeth Warren,…
HONG KONG/BEIJING (Reuters) -Two creditors of China’s Guangzhou R&F Properties have sued the property developer to seek a bankruptcy restructuring, notices in an official database showed, deploying a rare court tactic against a mid-sized firm of its kind. While many developers, including R&F, have faced legal action by creditors for non-repayment, such restructuring requests to…
(Reuters) -Walt Disney wants to keep ESPN and will look for strategic partners to form a joint venture or buy a stake in the sports network to help take it directly to consumers, CEO Robert Iger said on Thursday in an interview to CNBC. Speaking for the first time since Disney extended his contract until…
By Olena Harmash KYIV (Reuters) -Russian shelling killed three people in Ukraine on Thursday and four were hurt in Kyiv after the capital came under attack for the third successive night, Ukrainian officials said. An woman of 85 and a man in his forties were killed in the south of Ukraine and a 60-year-old person…
