MOSCOW (Reuters) -A high-rise building in Moscow’s business district that houses three Russian government ministries was struck by a drone for the second time in three days on Tuesday, in what Russia called an attempted Ukrainian “terrorist attack”. A Ukrainian presidential adviser said Moscow should expect more drone attacks and “more war”. The building that…
By Siddarth S (Reuters) -Toronto stocks started August on a dismal note, weighed by losses in materials and energy shares on weak commodity prices, while traders assessed Canada’s July manufacturing sector data. At 10:17 a.m. ET (1417 GMT) on Tuesday, the Toronto Stock Exchange’s S&P/TSX composite index was down 84.12 points, or 0.41%, at 20,542.52….
By Jonathan Cable, Leika Kihara and Lucia Mutikani LONDON/TOKYO/WASHINGTON (Reuters) -Global factory activity remained in a slump in July, private surveys showed on Tuesday, a sign slowing growth and weakness in China were taking a toll on the world economy, though the picture in the Americas was notably less bleak than elsewhere. The downturn highlighted…
By Daniel Wiessner (Reuters) – X Corp, the social media company formerly known as Twitter, and owner Elon Musk have asked a Delaware federal judge to dismiss one of several lawsuits claiming they failed to pay promised severance to laid-off employees. X, in a filing in Wilmington, Delaware federal court on Monday, said six former…
WASHINGTON (Reuters) – U.S. construction spending increased solidly in June and the prior month’s data was revised higher, boosted by outlays in both single and multifamily housing projects. The Commerce Department said on Tuesday that construction spending rose 0.5%. Data for May was revised higher to show construction spending surging 1.1% instead of 0.9% as…
By Johan Ahlander and Simon Johnson STOCKHOLM (Reuters) -Threats to Sweden have increased after recent Koran burnings, the country’s government said on Tuesday, adding it had strengthened border controls to give police wider authority to stop and search people as a result. A new law, effective from the start of August, gives police extended powers…
By Doyinsola Oladipo and Priyamvada C (Reuters) -Marriott International raised its full-year profit forecast on Tuesday, as the U.S. hotel operator bets on higher room rates and rebounding demand in China to boost earnings. Hotel operators have begun to reap benefits from a strong rebound in international travel as the easing of pandemic-related restrictions and…
WASHINGTON (Reuters) – U.S. manufacturing appeared to stabilize at weaker levels in July amid a gradual improvement in new orders, but factory employment dropped to a three-year low, suggesting that layoffs were accelerating. The Institute for Supply Management (ISM) said on Tuesday that its manufacturing PMI edged up to 46.4 last month from 46.0 in…
(Reuters) – Shares of cryptocurrency and blockchain related companies fell in early trading hours on Tuesday, as bitcoin hit a six-week low following a hack at Curve Finance, a platform where users can borrow and trade in crypto. Bitcoin, the world’s biggest cryptocurrency, fell about 2% to $28,870. Curve Finance was the victim of a…
BEIJING (Reuters) – China will lower financing costs for firms, stabilise market expectations and support the property sector in coming months, the central bank said on Tuesday amid a flagging economic recovery. The world’s No.2 economy staged a better-than-expected recovery in the first quarter following COVID reopening but has lost steam since the April-June quarter…
