(Reuters) -U.S. brokerage firm Charles Schwab reported a smaller-than-expected drop in second-quarter profit on Tuesday as a jump in asset management fees helped soften the hit from a decline in interest revenue. The company’s shares rose as much as 14% to $66.95, highest in over four months. Charles Schwab relies primarily on clients’ uninvested cash…
WASHINGTON (Reuters) – President Joe Biden will literally keep his re-election campaign headquarters close to home – Wilmington, Delaware, that is. Biden’s 2024 campaign team announced on Tuesday that the campaign apparatus will be headquartered in Wilmington, the Delaware city where the president has lived for decades. “My family’s values, my eternal optimism and my…
By Nupur Anand NEW YORK (Reuters) – U.S. consumers are still keeping up with their loan payments despite rising costs and a worsening economic outlook, according to executives at the largest U.S. lenders. While some borrowers whose finances stayed resilient during the pandemic are starting to fall behind on their loan payments, top bankers said….
By Valerie Volcovici BEIJING (Reuters) -China and the United States could use climate cooperation to redefine their troubled relationship and lead the way in tackling global warming, U.S. climate envoy John Kerry told senior Chinese officials on Tuesday. Kerry’s three-day visit to China aimed at reviving climate cooperation between the world’s top greenhouse gas emitters…
By Marie Mannes STOCKHOLM (Reuters) -Swedish mining equipment maker Epiroc expects to benefit from continuing high demand in the near term, it said on Tuesday as it posted better than forecast quarterly profit. Epiroc, its customers and rivals have had to contend with rising raw material prices and other cost inflation pressures for several quarters,…
By Jennifer Rigby LONDON (Reuters) – Efforts to vaccinate children worldwide against deadly diseases such as measles and diphtheria began to recover in 2022 after a historic backslide caused by the COVID-19 pandemic, according to new figures from the World Health Organization (WHO) and the United Nations Children’s Fund (UNICEF). But the recovery remains uneven,…
By Ross Kerber (Reuters) – New York City’s top pension official has urged Bank of America’s board to claw back pay from executives after the bank agreed to pay $250 million to settle regulatory claims that it double-charged customers and took other steps without authorization. Since the financial crisis of 2008, provisions to recover pay…
WARSAW (Reuters) – Poland could cut interest rates this year, two central bankers were quoted as saying on Tuesday, fuelling expectations that a decrease in the cost of credit could be just around the corner. National Bank of Poland (NBP) Governor Adam Glapinski earlier this month said that a rate cut could come as soon…
By Shivangi Acharya and Sarita Chaganti Singh GANDHINAGAR, India (Reuters) -Several G20 members condemned Russia’s move to quit an agreement that allowed safe export of grain from Ukraine, India’s finance minister said on Tuesday, as concerns rise in poorer countries over a rise in food prices following Moscow’s decision. Russia halted participation in the United…
KAMPALA (Reuters) – Democratic Republic of Congo’s former president Joseph Kabila has rejected accusations from neighbouring Uganda that he gave sanctuary to an Islamist rebel group and allowed it to expand and exploit mineral resources. Kabila led Congo from 2001 to 2019 when he was succeeded by current president Felix Tshisekedi. Last week, Ugandan leader…
