US manufacturing output falls in June; rebounds in second quarter
WASHINGTON (Reuters) – Production at U.S. factories unexpectedly fell in June, but rebounded in the second quarter as motor vehicle…
Business
US builder confidence hits highest level in over a year
By Safiyah Riddle (Reuters) – U.S. home builder sentiment hit a 13-month high in July as limited housing stock continued…
Blackstone to invest $150 million in London-based hedge fund Astaris
By Svea Herbst-Bayliss NEW YORK (Reuters) – Blackstone Group LP is to invest $150 million in London-based Astaris Capital Management…
Chipotle to open restaurants in Middle East through first franchise deal
(Reuters) – Chipotle Mexican Grill will enter the Middle East next year through its first franchise deal that will see…
Canadian housing starts jump 41% in June – CMHC
TORONTO (Reuters) – Canadian housing starts rose 41% in June compared with the previous month, the largest increase in the…
McKinsey partners with startup Cohere to help clients adopt generative AI
By Krystal Hu (Reuters) – Consultancy giant McKinsey said it had struck a partnership with artificial intelligence startup Cohere in…
PNC Financial’s interest income forecast trim clouds upbeat quarter
(Reuters) – PNC Financial Services Group on Tuesday cut its forecast for full-year net interest income (NII), casting a shadow…
India to push G20 to raise share of taxes on firms where they earn ‘excess profit’ – sources
(This July 16 story has been corrected to show that 25% is not the tax rate, but the share of…
Europe’s sweltering summer could send tourists to cooler climes
By Joanna Plucinska and Guglielmo Mangiapane LONDON/ROME (Reuters) – Soaring summer temperatures across southern Europe could prompt a lasting shift…
IMF chief: Prospects for medium-term global growth weak
GANDHINAGAR, India (Reuters) – Global economic activity is slowing, especially in the manufacturing sector, and medium-term growth prospects remain weak,…