Benihana’s owner explores sale of restaurant chain-sources
By Abigail Summerville NEW YORK (Reuters) – The private equity owner of Benihana Inc is exploring a sale that could…
Business
Property insurers’ ratings under pressure as risk rises, Morningstar says
(Reuters) – The credit ratings of global property insurers are coming under pressure as rising reinsurance costs force them to…
Bank of Canada hikes growth forecast and says inflation slowing only gradually
OTTAWA, July 12 (Reuters)-The Bank of Canada (BoC) on Wednesday raised its growth forecast for this year to 1.8%, up…
Microsoft’s $69 billion Activision deal gets US judge go-ahead, UK softens opposition
By Diane Bartz WASHINGTON (Reuters) -Microsoft cleared major hurdles to its plan to buy videogame maker Activision Blizzard on Tuesday,…
Fed’s Kashkari: Inflation fight must be won, new stress tests could help
(Reuters) – U.S. financial regulators should take steps to ensure banks can withstand further interest-rate hikes should the Federal Reserve…
Thales to buy Cobham Aerospace Communications for $1.1 billion
By Michal Aleksandrowicz (Reuters) -French defence and technology group Thales said on Wednesday it was in exclusive talks to buy…
European assets jump after U.S. inflation slows
MILAN (Reuters) – European shares, currencies and bonds rallied on Wednesday after U.S. inflation slowed in June, feeding bets the…
India’s retail inflation rises more than expected in June on higher food prices
By Aftab Ahmed and Sarita Chaganti Singh NEW DELHI (Reuters) -Surging food prices accelerated India’s annual retail inflation rate in…
Slowing inflation seen making Fed’s July hike its last
By Ann Saphir (Reuters) -Inflation is slowing rapidly enough to allow the Federal Reserve to stop tightening U.S. monetary policy…
Instant View: US June CPI a welcome disinflation signal for Fed
NEW YORK (Reuters) – U.S. consumer prices rose modestly in June and registered their smallest annual increase in more than…