Yellen sees disinflation pressures at work as hiring surge fades – Bloomberg News
(Reuters) – U.S. Treasury Secretary Janet Yellen said a cooling — but not faltering — labor market is playing a…
Economy
ECB hawk says bank will carefully weigh inflation data after July
AMSTERDAM (Reuters) – The European Central Bank (ECB) will look closely for signs of inflation cooling down in the coming…
Court rules against Uber in major win for California workers
By Daniel Wiessner (Reuters) – Uber Technologies Inc must face a California lawsuit claiming it should have covered UberEats drivers’…
BNY Mellon beats second-quarter profit estimates on higher rates
(Reuters) – Bank of New York Mellon Corp beat Wall Street targets for second-quarter profit on Tuesday as the U.S….
Saudi Arabia buys Turkish drones during Erdogan’s visit
By Aziz El Yaakoubi RIYADH (Reuters) -Saudi Arabia agreed on Tuesday to buy Turkish drones in the biggest defence contract…
Multilateral lenders need reform to meet poverty, climate change challenges – G20 panel
By Aftab Ahmed and Shivangi Acharya GANDHINAGAR, India (Reuters) – Multilateral development banks must create a new funding mechanism and…
UK on track for most company insolvencies since 2009
LONDON (Reuters) – England and Wales are on track for the highest quarterly number of company insolvencies since early 2009,…
Marketmind: Retail, housing and banks test jaunty July
A look at the day ahead in U.S. and global markets from Mike Dolan The benign July investment environment gets…
Germany’s ProSiebenSat. 1 to cut 400 jobs in push towards digital
BERLIN (Reuters) -German media group ProSiebenSat.1 will cut 400 full-time positions, the company said on Tuesday, as part of restructuring…
Ocado jumps on return to first-half underlying profit
By James Davey LONDON (Reuters) -Ocado, the British online supermarket and technology group, returned to underlying profit in its first…