By Matt Tracy (Reuters) -Many U.S. regional lenders may have to consider selling off commercial real estate (CRE) loans at a steep discount after breaching key regulatory thresholds for exposure to the troubled sector, according to new data and market sources. Regional banks, the largest lenders to the beleaguered U.S. CRE and construction markets, have…
(Reuters) – Large parts of the United States and some areas in Canada, home to around 165 million people, could face energy shortfalls during periods of extreme heat this summer, a group that sets reliability standards for North American electric grids warned. In its summer outlook released on Wednesday, the North American Electric Reliability Corp…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose to a seven-week high on Wednesday, boosted by optimism about a deal to extend the debt ceiling and avert a U.S. default and amid a round of solid economic data that suggests rate cuts from the Federal Reserve could come later rather than sooner. The…
(Reuters) – BlackBerry Ltd on Wednesday forecast as much as 54% jump in 2026 sales from current year on the back of growth in its cybersecurity business, sending shares up 5%. The security software and services provider expects 2026 revenue to be between $880 million and $960 million. “Gross margin for the Cybersecurity business unit…
By Sakura Murakami HIROSHIMA, Japan (Reuters) – The last time a U.S. president visited Hiroshima, atomic bomb survivor Shigeaki Mori was filled with hope for a future without nuclear weapons. Seven years later, he’s more sceptical. As leaders of the Group of Seven (G7) nations gather in the Japanese city this week for a summit,…
By Victoria Waldersee and Joseph White MUNICH (Reuters) – Electric car maker Fisker Inc is exploring collaboration with other companies to scale up market share faster, Chief Executive Henrik Fisker said on Wednesday. “Buyers aren’t loyal anymore to their traditional brands. That changes everything. If we collaborate with someone, you can scale quicker … it…
(Reuters) -An investor consortium including U.S. buyout firm Blackstone and Thomson Reuters sold 33 million shares in the London Stock Exchange Group worth about 2.7 billion pounds ($3.41 billion), a bookrunner said on Wednesday. The placing of shares, which was upsized from 28 million, was at a price of 8,050 pence per share, a discount…
By Katya Golubkova, Yuka Obayashi and Kate Abnett TOKYO (Reuters) – Japan’s energy companies were quick to embrace the G7’s support for natural gas investment in their statement last month but analysts caution that relying on the fossil fuel may open the companies up to long-term problems. Resource poor Japan, the world’s biggest buyer of…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar edged higher on Tuesday in choppy trading, with no clear direction, as investors kept an eye on debt ceiling talks to avert a possible default that could reverberate across asset markets and damage confidence in the world’s largest economy. The dollar index, a measure of the…
By Allison Lampert (Reuters) – Higher pay remains an obstacle for Canada’s WestJet Airlines and its pilots to secure an agreement and avert a possible work stoppage on Friday, as a smaller rival on Tuesday said it was adding flights in case of a strike or lockout. Pilots at Onex Corp-owned WestJet gave notice on…
