(Reuters) – State Street Corp on Friday beat profit estimates for the second quarter as the bank’s interest income benefited from the U.S. Federal Reserve’s policy tightening and assets under management rose amid a recovery in the equity markets. The Fed, in line with the major central banks, has hiked lending rates rapidly to curb…
By Sam Tobin LONDON (Reuters) -Kevin Spacey described an allegation he grabbed a man’s crotch as “absolute bollocks” on Friday, in combative exchanges with prosecutors at the Oscar-winning actor’s sexual assault trial. Spacey, 63, has pleaded not guilty at London’s Southwark Crown Court to 12 charges of sexual offences allegedly committed against four men in…
KYIV (Reuters) – Ukraine’s trade deficit grew to $8.97 billion in the first five months of the year compared with a deficit of about $1 billion posted in the same period a year ago, the statistics service said on Friday. It said in a statement that exports of goods were $16.45 billion from January to…
By Catarina Demony and Miguel Pereira LISBON (Reuters) – Cuban President Miguel Diaz-Canel promised on Friday his country would take part “very constructively” in a European Union summit next week with Latin America and the Caribbean, just days after the EU’s parliament called for sanctions against him. Diaz-Canel met his Portuguese counterpart Marcelo Rebelo de…
HONG KONG (Reuters) – Chinese electric vehicle giant BYD Co LTD forecast strong growth in its six-month net profit on Friday, buoyed by robust car sales and increased market share. Net profit for the first six months of the year would rise as much as 225.4% to 11.7 billion yuan ($1.64 billion) from 3.6 billion…
ISTANBUL (Reuters) – Turkish President Tayyip Erdogan said on Friday that he is in agreement with Russian President Vladimir Putin that a deal allowing the Black Sea export of Ukraine grain should be extended. Speaking to reporters, Erdogan said that the deal will hopefully be extended from its current July 17 deadline as results of…
July 14 (Reuters) – Canadian factory sales grew by 1.2% in May from April on higher sales of chemical products, as well as motor vehicles, Statistics Canada said on Friday. Excluding vehicles and parts, manufacturing sales were up 0.7%. Month/month change (%) May Apr(rev) Apr(prev) Sales +1.2 -0.1 +0.3 Sales ex-autos +0.7 -0.4 -0.7 Inventories…
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Emerging market equity funds are outpacing developed market rivals in attracting inflows for the first time in three years, underscoring a relatively more favourable growth outlook and expectations of faster rate cuts in many less developed markets. Refinitiv Lipper data shows money inflows into emerging market (EM)…
By Patrick Werr CAIRO (Reuters) – Egypt risks fuelling its record inflation and putting more pressure on the Egyptian pound if it does not slow an expansion of the money supply which bankers and analysts say has been used to plug widening budget deficits. Central bank figures show “M1” money supply, which includes domestic currency…
By Ana Mano SAO PAULO (Reuters) – A Brazilian labor union has accused JBS SA of submitting dozens of workers to “degrading conditions,” according to a class action suit filed against the world’s biggest meatpacker and its suppliers this week. The union filed the claim on behalf of at least 76 people, including members of…
