US pending home sales fall to five-month low in May
WASHINGTON (Reuters) – Contracts to buy U.S. previously owned homes fell more than expected in May, dropping to the lowest…
Economy
Macquarie to divest U.S. port terminal operator Ceres
(Reuters) -Australian financial conglomerate Macquarie Group said on Thursday it would divest its U.S.-based port terminal operator Ceres Terminals, with…
Authentic Brands raises $500 million in funding from General Atlantic
(Reuters) -Authentic Brands Group has raised $500 million from its existing investor General Atlantic, bringing the private equity firm’s investment…
Bank of England consults on next leg of insurance capital reforms
LONDON (Reuters) -The Bank of England on Thursday proposed further reforms to capital rules for insurers in a step it…
Fed’s Bostic would back rate hike if inflation moves from target
By Padraic Halpin DUBLIN (Reuters) -The Federal Reserve will have to increase rates if prices growth moves away from target…
German inflation bucks downward trend in June with higher-than-expected rise
By Maria Martinez BERLIN (Reuters) -German inflation rose more than expected in June, interrupting a steady decline since the start…
China’s debt relief to poor countries slows amid continuing appeals for support
By Joe Cash BEIJING (Reuters) – The value of Chinese debt relief decreased by over 50% between 2021 and 2022,…
Brazil’s Lula says inflation targets too ‘rigid’
SAO PAULO (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Thursday the country’s inflation targets were excessively…
Germany to reject Binance’s bid for a cryptocurrency licence – source
FRANKFURT (Reuters) – German regulators have told Binance they will not grant it a cryptocurrency custody licence, a person with…
H&M to grow third-party brand strategy as online rivalry intensifies
STOCKHOLM (Reuters) – H&M plans to sell more third-party brands online and in stores, CEO Helena Helmersson said on Thursday,…