Wells Fargo hikes outlook for interest income after profit surges 57%
By Noor Zainab Hussain, Manya Saini and Saeed Azhar (Reuters) -Wells Fargo raised its annual forecast for net interest income…
Economy
Brazil to renegotiate low-income debt using state guarantees from September
BRASILIA (Reuters) -Brazil is to launch a debt renegotiation program for millions of lower-income individuals using state guarantees in September,…
S&P 500 Q2 earnings now seen down 8.1% yr-over-yr; 6.4% decline seen week ago-Refinitiv
NEW YORK (Reuters) – S&P 500 company aggregate earnings for the second quarter are now seen down 8.1% from the…
Rupee-UAE dirham trade mechanism may launch during Modi visit Saturday -sources
By Nidhi Verma, Shivangi Acharya and Krishn Kaushik NEW DELHI (Reuters) – India and the United Arab Emirates may announce…
No sign of Russian intent to change tack on Ukraine war, Blinken says
By Kate Lamb and Stanley Widianto JAKARTA (Reuters) – Russia shows no sign of changing direction in its war on…
Citigroup profit drops 36% on trading slump, rising expenses
By Tatiana Bautzer and Mehnaz Yasmin (Reuters) -Citigroup beat analysts’ estimates for second-quarter profit on Friday as higher interest payments…
UPS strike could be costliest in US in a century, study says
By Lisa Baertlein (Reuters) -A threatened U.S. strike at United Parcel Service could be “one of the costliest in at…
UK extends Activision deadline after receiving Microsoft’s ‘complex’ proposal
By Paul Sandle LONDON (Reuters) – Britain’s competition regulator on Friday extended its final deadline on Microsoft’s Activision Blizzard deal…
Brazil retail sales fall in May, and miss expectations
SAO PAULO (Reuters) -Brazil’s retail sales fell in May and missed expectations, government statistics agency IBGE showed on Friday, as…
US consumer sentiment near two-year high in July
WASHINGTON (Reuters) – U.S. consumer sentiment jumped to the highest level in nearly two years in July as inflation subsided…