By Suban Abdulla LONDON (Reuters) – British consumers have turned more pessimistic in the face of rising interest rates and high inflation, according to a survey published on Friday which ended a five-month streak of growing confidence levels. Market research firm GfK’s headline gauge of consumer confidence fell to -30 this month from -24 in…
By Rae Wee SINGAPORE (Reuters) – When global commercial real estate services firm JLL found public debt and loan markets were averse to funding a property project in Arizona, it turned to private credit markets and easily got the loan. The $585 million refinancing loan for real estate company Five Star Development was at an…
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge threw out a $112 million lawsuit by a former senior London-based trader for Citigroup, who accused the bank of falsely implicating him in a criminal probe into foreign exchange price fixing after firing him. The dismissal of Rohan Ramchandani’s civil lawsuit by U.S. District Judge…
By Nandita Bose WASHINGTON (Reuters) – U.S. President Joe Biden’s pick for labor secretary, Julie Su, will be kept on as acting secretary indefinitely, three sources with direct knowledge of the matter said. Su, a former labor activist whose Senate confirmation has been put on ice after all Senate Republicans and two Democrats refused to…
By Timour Azhari, Ahmed Rasheed and Anna Ringstrom BAGHDAD/STOCKHOLM (Reuters) – Iraq expelled the Swedish ambassador on Thursday in protest at a planned burning of the Koran in Stockholm that had prompted hundreds of protesters to storm and set alight the Swedish embassy in Baghdad. An Iraqi government statement said Baghdad had also recalled its…
By Ahmed Rasheed and Timour Azhari BAGHDAD (Reuters) – Less than a year after declaring he had left Iraqi politics, the unpredictable Shi’ite cleric Muqtada al-Sadr has reminded his rivals of the influence he still wields after his supporters stormed and torched the Swedish embassy in Baghdad. Prompted by one man’s plan to burn a…
By Jefferson Kahinju and Thomas Mukoya NAIROBI (Reuters) -Protests in Kenyan cities against tax hikes and high living costs largely subsided on Thursday amid a heavy police presence, after several people were reported shot in clashes between security forces and demonstrators a day earlier. At least 300 people were arrested, including several senior opposition leaders,…
By Amna Karimi (Reuters) -U.S. railroad operator CSX Corp missed Wall Street estimates for second-quarter revenue on Thursday, hit by a decline in intermodal volumes and lower fuel prices. “We expect intermodal volumes to be soft as imports slowed and destocking activity continued,” Chief Executive Officer Joe Hinrichs said on a conference call. Shares of…
By Sophie Yu and Brenda Goh BEIJING (Reuters) – Every other Sunday, Beijing-based tennis coach Liu Zheng follows a routine: breakfast with her husband, a visit to a supermarket and then a drive later in the day to see her parents for a meal. The supermarket, however, is not one in her neighbourhood. Instead, she…
By Praveen Paramasivam and Aditya Kalra CHENNAI/NEW DELHI (Reuters) – Q: How does the world’s biggest pizza brand respond to high inflation in the world’s most populous nation? A: With the world’s cheapest Domino’s pizza. The 49-rupee ($0.60) pizza in India, Domino’s No.1 market outside America, is the tip of the spear in its fight…
