House Republicans pass debt-ceiling hike, hoping to spur Biden to talks
By David Morgan and Richard Cowan WASHINGTON (Reuters) – The U.S. House of Representatives on Wednesday narrowly passed a bill…
Economy
European commercial real estate investment slumps to 11-year low in Q1 2023
By Elizabeth Howcroft LONDON (Reuters) -European commercial real estate investment fell to its lowest in 11 years in the first…
Unilever sales beat estimates even as price rises slow
By Richa Naidu LONDON (Reuters) -Unilever smashed quarterly sales forecasts on Thursday as another big rise in prices from the…
Nestle uses Airbus satellites to monitor reforestation in Thailand
By Richa Naidu LONDON (Reuters) – Nestle is piloting using Airbus satellites to monitor reforestation, amid global concerns about whether…
Facebook owner Meta touts AI might as digital ads boost outlook; shares jump
By Katie Paul and Akash Sriram (Reuters) -Meta Platforms Inc CEO Mark Zuckerberg said on Wednesday that AI was helping…
Nomura’s quest for global growth hits buffers again
By Makiko Yamazaki and Mariko Katsumura TOKYO (Reuters) -Japan’s Nomura Holdings Inc saw about $850 million wiped off its market…
Swedbank Q1 profits beats expectations on better deposit margins
STOCKHOLM (Reuters) -Swedish bank Swedbank reported first-quarter net profit above market expectations on Thursday and said higher deposit margins had…
Speed of US bank failures to play starring role in Fed, FDIC post-mortems
By Hannah Lang and Ann Saphir WASHINGTON/SAN FRANCISCO (Reuters) – Of all the facts that have emerged about last month’s…
Factbox-Fed, FDIC reviews of US bank failures to spotlight problems, fixes
The failures of two large regional U.S. banks in mid-March blew a $22 billion hole in the nation’s deposit insurance…
South Korea exports set for longest falling streak in over three years- Reuters poll
By Jihoon Lee SEOUL (Reuters) – South Korea’s exports likely fell in April for a seventh consecutive month and their…