BRICS currency not on August summit agenda – South African official
By Rachel Savage and Carien du Plessis JOHANNESBURG (Reuters) – A BRICS currency will not be on the agenda of…
US existing home sales fall; annual house price decline slows
WASHINGTON (Reuters) – U.S. existing home sales dropped to a five month-low in June, depressed by a chronic shortage of…
Sri Lanka parliament approves bill to boost central bank independence
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka’s parliament on Thursday approved a new law to improve the independence of the…
Bain Capital raises SoftwareOne takeover offer to $3.7 billion – Bloomberg News
(Reuters) – Bain Capital has increased its offer for SoftwareOne Holding AG to about 3.2 billion Swiss francs ($3.72 billion),…
Made in Russia? Chinese cars drive a revival of Russia’s auto factories
By Gleb Stolyarov and Alexander Marrow (Reuters) – The relaunch of a classic Soviet-era car, the Moskvich, by a state-owned…
Turkey hikes again below expectations, promises more tightening
By Ezgi Erkoyun and Nevzat Devranoglu ISTANBUL (Reuters) -Turkey’s central bank hiked its policy rate by 250 basis points to…
JPMorgan ups Turkey inflation, growth forecasts after rates decision
LONDON (Reuters) – Wall Street bank JPMorgan revised both its growth and inflation outlooks for Turkey upwards after the central…
US condemns attack in Swedish Embassy in Baghdad, criticizes Iraq security
WASHINGTON (Reuters) – The United States on Thursday strongly condemned the attack on the Swedish Embassy in Baghdad over a…
No technical recession in euro zone as Eurostat revises up Q1 GDP
BRUSSELS (Reuters) – Euro zone gross domestic product was flat in the first three months of this year against the…
UK antitrust regulator: We await new Microsoft proposal on Activision deal
LONDON (Reuters) – Britain’s antitrust regulator is waiting for Microsoft to submit a modified deal structure to buy “Call of…