By Johan Ahlander STOCKHOLM (Reuters) – There is limited political will in Sweden to ban Koran burnings that have upset large parts of the Muslim world and it would be complicated to do even if there were backing for such a move, experts and politicians said on Friday. The Swedish Embassy in Baghdad was stormed…
(Reuters) -Huntington Bancshares beat Wall Street estimates for second-quarter profit on Friday, as it earned more from rising interest rates and saw strong demand for its commercial loans. Largely positive reports from big U.S. banks this week have helped restore investor confidence in the sector following the collapse of three banks in the country earlier…
By Davide Barbuscia NEW YORK (Reuters) – A feared liquidity drainage in the U.S. banking system as the Treasury refills its coffers has not materialised yet, on the contrary reserves increased recently, assuaging some concerns the bond spree could lead to further credit tightening. The U.S. Treasury started rebuilding its account through T-bills after the…
By Niket Nishant and Jaiveer Shekhawat (Reuters) -Comerica and Huntington Bancshares on Friday sharply cut their interest income growth forecasts for 2023, the latest U.S. banks to sound the alarm over faltering loan demand and a rise in deposit costs. The Federal Reserve’s fastest monetary tightening cycle since the 1980s helped lift lenders’ net interest…
By Dawn Chmielewski (Reuters) – Filmmakers have put monsters on screen for more than a century. In 2023, the real bogeyman looks just like us. Since June, Hollywood studios and performers have debated the use of artificial intelligence in film and television. Failure to agree on terms around AI was one reason why the SAG-AFTRA…
By Sinéad Carew (Reuters) – Shares in Sirius XM Holdings were down 10.5% on Friday, erasing some of their dramatic gains in the previous day’s session with analysts attributing the volatility to a short squeeze, as well as a rebalance of the Nasdaq 100. U.S. satellite and online radio company, Sirius XM, which is majority…
By Manya Saini (Reuters) -American Express kept its annual profit forecast unchanged despite a record spending on its credit cards by consumers in the second quarter, disappointing investors and sending its shares down 5% on Friday. Even though resilient spending on travel and entertainment encouraged company executives to remain optimistic going into the second half…
By Olena Harmash KYIV (Reuters) -Russia pounded Ukrainian food export facilities for a fourth day in a row on Friday and practised seizing ships in the Black Sea in an escalation of what Western leaders say is an attempt to wriggle out of sanctions by threatening a global food crisis. The attacks on Ukraine’s grain,…
MEXICO CITY (Reuters) – Mexico’s headline inflation likely eased in the first half of July to its lowest level in more than two years, but still remained above the central bank’s target, a Reuters poll showed Friday, reinforcing bets the bank will hold its key rate longer. The median forecast of 10 analysts see annual…
By Luc Cohen NEW YORK (Reuters) -An American couple accused of laundering billions of dollars worth of cryptocurrency stolen from the 2016 hacking of virtual currency exchange Bitfinex have entered into a plea agreement, court records showed on Friday. Heather Morgan, who used the hip-hop alias “Razzlekhan” to push her music online, and her husband…
