By Shankar Ramakrishnan and Matt Tracy (Reuters) – Banks are showing a growing willingness to rework the terms of U.S. commercial real estate loans to prevent defaults, mitigating near-term losses but also masking growing stress in some parts of the market. As U.S. commercial real estate has come under pressure, with offices and retail struggling…
By William Schomberg LONDON (Reuters) – Britain’s economy is showing some signs of strain from the Bank of England’s 13 back-to-back interest rate increases, but the jobs market is still generating inflationary heat and consumers have not reined in their spending sharply. The BoE is expected to keep on raising borrowing costs as it tries…
By Ana Mano and Roberto Samora SAO PAULO (Reuters) -JBS SA, the world’s largest meat packer, on Wednesday proposed listing its shares in New York, hoping the move will bring its multiples closer to peers and that a broader investor base will give it more access to cheaper capital, sending its shares up 8% in…
(Reuters) – Elle Solomina is 36, but she says her life truly began in 2021, when she changed her gender to female in her official Russian identification documents. The IT worker is now watching the path she took to self-acceptance crumble, as Russia is poised to outlaw gender changes in IDs and gender-affirming medical care,…
(Reuters) – Canadian ecommerce firm Shopify said on Wednesday it would soon launch an artificial intelligence assistant for merchants on its platform, the latest technology company to roll out such a feature. The assistant called “Sidekick” would be embedded as a button on Shopify and answer merchant queries, including details about sales trends, CEO Tobi…
By David Randall NEW YORK (Reuters) – The flagship fund of star stockpicker Cathie Wood hit an 11-month high Wednesday, extending a rally that has been powered by bets that inflation would fall rapidly and benefit the sort of speculative technology stocks she is known for. The $8.4 billion ARK Innovation ETF rose 0.6% in…
MADRID (Reuters) – Amancio Ortega, the founder of Zara-owner Inditex, has bought a warehouse in Los Angeles for $109 million as part of a continued drive to invest in logistics real estate in the U.S., his investment firm Pontegadea said on Wednesday. Ortega, Inditex’s main shareholder, bought the 340,120 square-feet (31,600 square metres) building in…
By Rajesh Kumar Singh CHICAGO (Reuters) -Relentless travel demand has sent bookings at U.S. carriers soaring, translating into bumper earnings. However, their shares have not shown the same trajectory as questions linger about the sustainability of consumer spending. Airline shares have suffered because of bearish sentiment about the broader economy as interest rates are up…
By John Irish and Niklas Pollard VILNIUS (Reuters) – G7 countries on Wednesday unveiled an international framework for the long-term security of Ukraine to boost its defences against Russia and deter Moscow from future aggression, officials said. Ukrainian President Volodymyr Zelenskiy was meeting leaders of NATO at a summit of the 31-member Western alliance, a…
SAO PAULO (Reuters) – Brazilian airline Azul announced on Wednesday it is launching a public offering of senior secured notes due 2028, fulfilling its pledge to raise additional capital as it moves forward with a broader restructuring plan. Azul, Brazil’s largest airline in number of flights and cities served, said in a statement it will…
