Euro zone retail sales flat in May, still down year-on-year
BRUSSELS (Reuters) – Retail sales in the euro zone were unchanged in May, Eurostat said on Thursday, as increased spending…
Economy
Canada M&A activity improves, but dealmakers uncertain on second-half outlook
By Maiya Keidan TORONTO (Reuters) – Canadian mergers and acquisitions (M&A) volumes picked up in the second quarter driven primarily…
Toronto home prices fall in June as borrowing costs rise
TORONTO (Reuters) – Greater Toronto Area (GTA) home prices fell in June, the first drop in five months, as the…
Samsung profit likely lowest in more than 14 years as chip glut persists
By Joyce Lee SEOUL (Reuters) -Samsung Electronics’ June-quarter profit is expected to plunge 96% on-year to the lowest for any…
Norwegian Air to buy regional peer Wideroe for $106 million
By Victoria Klesty OSLO (Reuters) -Norwegian Air has agreed to buy domestic peer Wideroe for 1.13 billion crowns ($106 million)…
Malaysia’s central bank hits pause on rates as price pressures ease
By A. Ananthalakshmi and Rozanna Latiff KUALA LUMPUR (Reuters) -Malaysia’s central bank kept benchmark interest rates unchanged on Thursday, as…
Hedge fund Verition joins rush to Dubai financial hub
By Hadeel Al Sayegh DUBAI (Reuters) – U.S.-based Verition Fund Management is opening an office in Dubai, joining a raft…
Exclusive-Raiffeisen delays quitting Russia as Austria defends ties -sources
By John O’Donnell and Alexandra Schwarz-Goerlich VIENNA (Reuters) – Raiffeisen Bank International is delaying plans to leave Russia, three people…
German industrial orders up but situation still critical, say analysts
By Maria Martinez BERLIN (Reuters) -German industrial orders rose significantly more than expected in May due to large-scale orders of…
PwC asked to name companies it pitched on basis of leaked Australian tax plans
By Lewis Jackson SYDNEY (Reuters) – Two lawmakers on Thursday called on PwC Australia to name all the companies it…