Canada freezes ties with China-led AIIB, probes allegations of Communist domination
By David Ljunggren OTTAWA (Reuters) -Canada is freezing ties with the China-led Asian Infrastructure Investment Bank (AIIB) while it probes…
Business
Citi CFO says 1,600 job cuts will boost second-quarter expenses
By Tatiana Bautzer NEW YORK (Reuters) -Citigroup Inc in the second quarter will book severance costs associated with around 1,600…
Marketmind: Can risk appetite resist Fed’s hawkish skip?
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist….
Canada’s Bell deepens news industry gloom with 1,300 job cuts
By Samrhitha A and Aditya Soni (Reuters) -Canadian media and telecom firm Bell is cutting 1,300 jobs, shuttering six radio…
Health insurers slammed after UnitedHealth says more surgeries driving up costs
By Bhanvi Satija and Leroy Leo (Reuters) -Health insurer stocks dropped sharply on Wednesday after UnitedHealth Group said its costs…
Homebuilder Lennar raises full-year forecast for home deliveries
(Reuters) – Lennar Corp on Wednesday raised its full-year forecast for home deliveries, as the homebuilder benefits from upbeat demand…
US producer inflation subsides as energy, food prices drop
By Lucia Mutikani WASHINGTON (Reuters) – U.S. producer prices fell more than expected in May as the costs of energy…
Tesla shares finally snap record 13-day win streak that added $200 billion in value
By Chavi Mehta and Aditya Soni (Reuters) – Tesla’s record 13-day streak of gains finally came to an end on…
Bitcoin falls 3.7% to $24,987
(Reuters) – Bitcoin dropped 3.65% to $24,987 at 2103 GMT on Wednesday, losing $947 from its previous close. Bitcoin, the…
Fed’s Powell appears to see plenty of room to run on balance sheet drawdown
By Michael S. Derby WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell said on Wednesday that financial conditions are likely…