CAPE TOWN (Reuters) – South Africa’s top court on Thursday rejected an attempt to overturn a previous decision that found former president Jacob Zuma should go back to jail after being released early on medical parole. The Constitutional Court ruling could send Zuma back to prison, two years after his initial arrest sparked widespread protests…
By Bernardo Caram and Rodrigo Viga Gaier BRASILIA/RIO DE JANEIRO (Reuters) -Leading members of Brazil’s economic team said on Thursday they predict the central bank has room to cut its benchmark interest rate by more than 25 basis points at its next meeting, further pressuring policymakers at the bank to lower borrowing costs. President Luiz…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. producer prices barely rose in June and the annual increase in producer inflation was the smallest in nearly three years, further evidence that the economy had entered a period of disinflation even as the labor market remains tight. The report from the Labor Department on Thursday followed news…
DUBAI (Reuters) – Jordan’s foreign minister on Thursday called on the United Nations’ World Food Programme (WFP) to reverse a decision to cut food subsidies to Syrian refugees by Aug. 1. The WFP office in Amman told Reuters that an “unprecedented funding crisis” had forced it to cut food help for 50,000 out of some…
By Nivedita Balu TORONTO (Reuters) – The Bank of Canada’s interest rate hike on Wednesday and prospects of more increases heighten risks to mortgage lenders as homeowners are likely stay in debt longer, struggling to make higher payments or pay even the interest portion of their home loans, investors and analysts said. After urging lenders…
By Bansari Mayur Kamdar (Reuters) – Shares in Google parent Alphabet Inc were up 4.9% on Thursday after it said it was rolling out its artificial-intelligence chatbot Bard in Europe and Brazil, easing worries about overseas regulatory issues. The stock last traded at $124.73 and was on track for its biggest one-day percentage gain since…
By Matteo Allievi and Shreyashi Sanyal (Reuters) -European shares closed higher on Thursday led by technology stocks, as hopes grew that the Federal Reserve’s post-pandemic tightening cycle was close to an end due to cooling U.S. inflation. The pan-European STOXX 600 index ended 0.6% higher, extending gains to the fifth straight day, its longest winning…
By Saeed Azhar NEW YORK (Reuters) -Goldman Sachs Group has sold $1 billion of personal loans from its consumer unit, Marcus, to alternative investment firm Varde Partners, a source familiar with the matter said on Thursday. This was the second tranche of unsecured loans offloaded by Goldman after it disclosed earlier it had sold about…
KYIV (Reuters) -Ukraine’s foreign partners pledged over 1.5 billion euros ($1.68 billion) in military aid for Kyiv while attending a NATO summit this week, Defence Minister Oleksiy Reznikov said on Thursday. “Meetings in Vilnius were very productive,” Reznikov wrote on Twitter following the summit on Tuesday and Wednesday in the Lithuanian capital. “Ukraine will receive…
WASHINGTON (Reuters) -China’s economy is slowing due to weaker private investment, slowing exports and reduced domestic demand after a strong performance in the first quarter as the economy reopened from COVID-19 lockdowns, the International Monetary Fund said on Thursday. “So the overall picture for growth in China is one of a slowing economy and that…
