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…
By Anirban Sen (Reuters) -Creative Artists Agency (CAA) is in advanced talks to sell a majority stake to French billionaire Francois-Henri Pinault in a deal that could value the Hollywood talent agency at over $7 billion, according to a person familiar with the matter. CAA’s talks with luxury sector tycoon Pinault, the CEO of Gucci-owner…
(Reuters) – The U.S. Treasury Department is asking primary dealers their views on what specific bonds it should issue more of when it needs to raise more funds through the bond market, and for details around how a likely bond repurchase program would work. The Treasury noted that it may need to “modestly” increase the…
STOCKHOLM (Reuters) – Finnish telecom gear group Nokia reported on Friday second-quarter sales of 5.7 billion euros ($6.4 billion), a comparable operating profit margin of 11%, and lowered its full-year outlook. Analysts polled by Refinitiv had estimated sales of 6.0 billion on average. Nokia said it now saw 2023 sales of 23.2-24.6 billion euros ($26.1-$27.6…
By Noor Zainab Hussain, Manya Saini and Saeed Azhar (Reuters) -Wells Fargo raised its annual forecast for net interest income (NII) after its profit surged 57% in the second quarter, sending its shares modestly higher. NII climbed 29% to $13.16 billion as the bank brought in more interest payments after the Federal Reserve increased borrowing…
