By David French (Reuters) – U.S. stocks finished higher on Monday, regaining some of the ground lost last week, as investors added positions ahead of Thursday’s highly awaited U.S. inflation report. The main stock indexes ended last week lower as investors took profits after months of gains due to worries over economic data, mixed earnings…
By Peter Frontini SAO PAULO (Reuters) -Brazilian lender Itau Unibanco reported a 14% increase in second-quarter net profit from a year earlier, beating expectations, while also keeping default rates stable, the bank said in a securities filing on Monday. Latin America’s biggest private sector lender posted recurring net profit of 8.74 billion reais ($151 million)…
LONDON (Reuters) – British retailers suffered from heavy rain in July on top of the impact of high inflation with sales growth dropping to an 11-month low, a survey showed on Tuesday. The British Retail Consortium (BRC) said retail sales values rose by 1.5% compared with July last year, less than half the 12-month average…
By Jonathan Stempel NEW YORK (Reuters) – A federal judge on Monday put on hold a predatory lending lawsuit against Credit Acceptance Corp by the U.S. Consumer Financial Protection Bureau and New York Attorney General Letitia James, over objections from both regulators. In staying the lawsuit, U.S. District Judge Jennifer Rearden in Manhattan cited a…
By Abdel-Kader Mazou and Boureima Balima NIAMEY (Reuters) -West African leaders scheduled a summit for Thursday to discuss the Niger junta’s rejection of an ultimatum to reinstate the ousted president, as the United States sent a top official to Niamey to push for a return to democracy. The Economic Community of West African States (ECOWAS)…
By Mike Stone WASHINGTON (Reuters) – President Joe Biden’s administration will announce $200 million of new weapons aid for Ukraine as soon as Tuesday, U.S. officials told Reuters, as it begins to dole out $6.2 billion of funds discovered after a Pentagon accounting error over-valued billions of Ukraine aid, two U.S. officials said on Monday….
By Lucy Craymer WELLINGTON (Reuters) – Reserve Bank of New Zealand said on Tuesday that its first life insurance industry stress test showed large insurers are well placed to withstand severe economic and insurance shocks, while continuing to pay out on policy claims. “Participating insurers were able to pay out substantial claims from policy holders…
(Reuters) -Electric-vehicle parts supplier Proterra filed for Chapter 11 bankruptcy protection on Monday, making it the latest company to go belly up in an industry grappling with supply chain constraints, slowing demand and a funding drought. The move comes weeks after Lordstown Motors filed for bankruptcy protection and put itself up for sale after failing…
By Samrhitha A and Dawn Chmielewski (Reuters) -Paramount Global said it would sell Simon & Schuster to private-equity firm KKR & Co for $1.62 billion in cash, ending a year-long attempt to sell the marquee book publisher. Shares of the media company rose 4% in extended trading after Paramount also beat estimates for second-quarter earnings,…
By Sarah N. Lynch WASHINGTON (Reuters) – As Kenneth Polite steps down this month as the head of the U.S. Department of Justice’s Criminal Division, he will leave behind a flurry of major corporate settlements that he told Reuters in an exit interview will hit federal court dockets soon. Polite, who will join the law…
