BRUSSELS (Reuters) – European Union finance ministers on Friday unanimously backed extra funds for Ukraine through a top-up of its long-term budget, although differences persisted over other spending that threaten to delay or block proposed aid to Kyiv. Spanish Finance Minister Nadia Calvino told a news conference that EU finance ministers meeting on Friday had…
(Reuters) – New York City could experience a 446 megawatt power supply shortfall starting summer 2025, fueled by forecasts of increasing peak demand levels and the unavailability of some generators, the state’s power grid operator said on Friday. Increased electrification of the transportation and building sectors, post-pandemic economic growth and the unavailability or retirement of…
By Jaiveer Shekhawat and Carolina Mandl (Reuters) -BlackRock Inc, the world’s biggest asset manager, handily beat second-quarter profit estimates but showed a slowdown in money inflows, sending shares down about 2%. The company’s adjusted profit of $9.28 per share leap-frogged analysts’ estimates of $8.46, according to Refinitiv IBES. BlackRock saw a 25% rise in second-quarter…
BRASILIA (Reuters) -Brazil is to launch a debt renegotiation program for millions of lower-income individuals using state guarantees in September, fulfilling a campaign promise of leftist President Luiz Inacio Lula da Silva. About 71.9 million people in Latin America’s largest economy have been blacklisted, according to credit bureau Serasa, after families’ budgets were strained by…
HANOI (Reuters) -Shareholders of Black Spade Acquisition, a special purpose acquisition company (SPAC) that has plans to merge with Vietnam’s electric automaker VinFast to allow a U.S. listing, have redeemed over 80% of their shares, the SPAC said on Friday. It was a setback for VinFast, which had initially planned a U.S. listing on its…
NEW YORK (Reuters) – S&P 500 company aggregate earnings for the second quarter are now seen down 8.1% from the year-ago quarter, compared with a 6.4% decline forecast by analysts a week ago, according to Refinitiv data Friday. (Reporting by Caroline Valetkevitch)
By Nidhi Verma, Shivangi Acharya and Krishn Kaushik NEW DELHI (Reuters) – India and the United Arab Emirates may announce the start of a rupee-dirham payment mechanism to settle bilateral trade during Prime Minister Narendra Modi’s visit to Abu Dhabi on Saturday, industry and government sources said. Sources said on Friday that India would use…
By Kate Lamb and Stanley Widianto JAKARTA (Reuters) – Russia shows no sign of changing direction in its war on Ukraine, U.S. Secretary of State Antony Blinken said on Friday, as foreign ministers from two dozen countries met in Indonesia’s capital for Southeast Asia’s annual security-focused gathering. Top diplomats from China, the United States and…
By Tatiana Bautzer and Mehnaz Yasmin (Reuters) -Citigroup beat analysts’ estimates for second-quarter profit on Friday as higher interest payments from borrowers partly countered a blow to its Wall Street businesses from a slump in trading. The bank’s net income tumbled 36% to $2.92 billion, or $1.33 per share, in the three months to June…
By Sriparna Roy (Reuters) -Eli Lilly and Co said on Friday it will buy privately held Versanis for potentially up to $1.93 billion to strengthen its position in the fast-growing market for weight-loss treatments. Shares of Eli Lilly rose 3% after the deal that gives it access to an experimental obesity drug being tested along…
