Chinese property developer Guangzhou R&F faces bankruptcy restructure demand
HONG KONG/BEIJING (Reuters) -Two creditors of China’s Guangzhou R&F Properties have sued the property developer to seek a bankruptcy restructuring,…
Economy
Hybrid-work trend may wipe out $800 billion from office property values by 2030 – McKinsey study
(Reuters) – A shift to remote working is likely to wipe off $800 billion from the value of office buildings…
Top US sanctions architect to lead Treasury’s financial crimes team -Yellen
WASHINGTON (Reuters) – Andrea Gacki, a veteran U.S. Treasury official who helped design Washington’s Russia sanctions strategy, has been appointed…
Amazon’s ‘biggest ever’ Prime Day boosts US online sales to $12.7 billion
By Granth Vanaik (Reuters) -U.S. online sales during Amazon.com’s Prime Day shopping event rose 6.1% to $12.7 billion from last…
Amazon gets labor board complaint on failure to bargain with NY union
By Chandni Shah (Reuters) -Amazon.com was hit with a complaint on Wednesday for refusing to bargain with a New York…
Sensodyne toothpaste-maker Haleon planning job cuts – The Guardian
(Reuters) -Haleon, the world’s biggest standalone consumer health business, is planning to cut hundreds of roles in the UK and…
Factbox-Analysts guarded as AI-driven US stock rally faces earnings test
(Reuters) – Analysts are cautiously optimistic as second-quarter reporting season rolls out amid this year’s rally in U.S. stocks fueled…
US small business lending holding up despite higher cost of credit
By Safiyah Riddle (Reuters) – U.S. small businesses are paying the most for loans in 16 years as borrowing costs…
Cintas beats quarterly estimates on price hikes, easing cost
(Reuters) – Cintas Corp beat quarterly profit and revenue expectations on Thursday, helped by demand for its pricier rental uniforms…
Argentina’s economic woes spark ‘supermarket tourism’ from neighbors
By Horacio Soria and Lucinda Elliott MONTEVIDEO (Reuters) – Uruguayans are crossing into Argentina to shop for cheap food and…