RBC, TD miss profit estimates as bad loan provisions climb; CIBC beats
By Nivedita Balu and Niket Nishant (Reuters) – Canada’s two biggest lenders, Royal Bank of Canada and TD, missed analysts’…
Business
Oil settles lower as Russia downplays additional OPEC+ cuts
By Laura Sanicola (Reuters) – Oil prices settled lower on Thursday after Russian Deputy Prime Minister Alexander Novak played down…
At APEC trade meeting, union leaders call for new ‘balance’ with China
By Joseph White DETROIT (Reuters) – U.S. trade policy with China and other nations must strike a more equitable balance…
TikTok tests AI chatbot ‘Tako’ in the Philippines
By Josh Ye HONG KONG (Reuters) -Social media platform TikTok said on Thursday it is in the early stages of…
Embraer backs embattled jet engine maker Pratt & Whitney
By Tim Hepher LISBON (Reuters) – Brazilian aircraft manufacturer Embraer voiced “full support” for Pratt & Whitney as it battles…
Biden says he, McCarthy had productive talks on debt ceiling
WASHINGTON (Reuters) – U.S. President Joe Biden said he has had several productive conversations with House Speaker Kevin McCarthy in…
Bank of England’s Haskel says policy should lean against sticky inflation
By David Milliken LONDON (Reuters) -The Bank of England needs to push back against the risk that high inflation proves…
JPMorgan not renewing First Republic customers’ personal credit lines -source
By Jaiveer Shekhawat and Manya Saini (Reuters) -JPMorgan Chase & Co has told clients with personal credit lines at First…
US Supreme Court curbs states’ property tax ‘windfall’
By Andrew Chung (Reuters) -The U.S. Supreme Court on Thursday curbed state and local governments from seizing and selling the…
Factbox-What is Volt Typhoon, the alleged China-backed hacking group?
By Raphael Satter and James Pearson (Reuters) – Its name is redolent of an exotic electrical storm. But is the…