By Saeed Azhar and Nupur Anand NEW YORK (Reuters) – Deposits at U.S. banking giants including JPMorgan and Wells Fargo are expected to extend their second-quarter decline as consumers keep spending and moving their money in search of higher yields. “We do expect deposits to come down,” Wells Fargo chief financial officer Mike Santomassimo told…
BRUSSELS (Reuters) – Next week’s summit of leaders from the European Union, Latin America and the Caribbean is unlikely to unlock a proposed EU-Mercosur free trade agreement, officials from both sides said on Friday. More than 50 leaders are expected to attend the EU-CELAC (Community of Latin American and Caribbean States) summit in Brussels on…
By Arriana McLymore NEW YORK (Reuters) – Amazon shoppers snagged deals on food delivery, travel and healthcare during a two-day Prime Event that ended on Wednesday, highlighting the potential for growth in services at an e-retailing giant long focused on goods. Amazon’s 200 million U.S. Prime members snapped up $12.7 billion in merchandise, a record…
By Tom Balmforth KYIV (Reuters) – He wears a pistol to interviews with foreign journalists and discusses wartime intelligence. Weapons and military gear are strewn on the floor of his Kyiv office. He says he has “sources” close to Russian President Vladimir Putin. For an intelligence chief running Ukraine’s spy operations during war with Russia,…
CAIRO (Reuters) -Sudan’s warring factions fought heavy clashes in parts of the city of Bahri on Friday, residents said, a day after both sides welcomed a new mediation effort that seeks to end a three-month war. The fighting that broke out on April 15 has driven civilians out of the wider capital region – consisting…
By Fergal Smith TORONTO (Reuters) -Canadian home sales rose in June at a slower pace than in recent months and the industry group that produces the data downgraded its forecast for the full year as the Bank of Canada restarted its interest rate hiking campaign. The Canadian Real Estate Association (CREA) forecast on Friday that…
By Jesús Aguado, Andres Gonzalez and Iain Withers MADRID/LONDON (Reuters) – Santander is accelerating growth of its investment bank by hiring at least 50 bankers primarily in the United States, two people with knowledge of the matter told Reuters. Spain’s biggest bank is best-known as a retail lender in Europe and Latin America, but wants…
By Amruta Khandekar and Matteo Allievi (Reuters) -European shares edged slightly lower on Friday, but that did little to change their biggest weekly percentage jump in more than three months on hopes that easing inflation would allow the U.S. Federal Reserve to pause rate hikes soon. After five sessions of gains, the pan-European STOXX 600…
NAIROBI (Reuters) – A Kenyan court on Friday sentenced a former top Venezuelan diplomat to 20 years in jail over the 2012 murder of the Latin American nation’s acting ambassador at her home in an upmarket Nairobi neighbourhood. Dwight Sagaray, who was the first secretary at the embassy, was convicted, along with three Kenyan nationals,…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. import prices fell for a second straight month in June as an increase in the cost of fuels was more than offset by declines elsewhere, the latest indication that inflationary pressures in the economy are abating. With the inflation environment improving considerably, Americans are growing more optimistic about…
