Bank of Canada’s record tightening campaign exposes lenders’ mortgage risks
By Nivedita Balu TORONTO (Reuters) – The Bank of Canada’s interest rate hike on Wednesday and prospects of more increases…
Alphabet shares soar after it expands AI chatbot internationally
By Bansari Mayur Kamdar (Reuters) – Shares in Google parent Alphabet Inc were up 4.9% on Thursday after it said…
European shares rise as tech leads gains on Fed rate optimism
By Matteo Allievi and Shreyashi Sanyal (Reuters) -European shares closed higher on Thursday led by technology stocks, as hopes grew…
Goldman Sachs offloads $1 billion of Marcus loans to Varde -source
By Saeed Azhar NEW YORK (Reuters) -Goldman Sachs Group has sold $1 billion of personal loans from its consumer unit,…
Ukraine won military aid pledges worth 1.5 billion euros this week – minister
KYIV (Reuters) -Ukraine’s foreign partners pledged over 1.5 billion euros ($1.68 billion) in military aid for Kyiv while attending a…
IMF says China growth slowing after strong Q1 reopening
WASHINGTON (Reuters) -China’s economy is slowing due to weaker private investment, slowing exports and reduced domestic demand after a strong…
Back-to-school sales to hit new record as shoppers keep up with essential buys – NRF
(Reuters) – U.S. shoppers plan to spend a record $41.5 billion during the upcoming school year, a trade group forecast…
US Fed’s Daly says rate hikes essential to bring down prices
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Thursday reiterated that rate hikes will be essential to…
Nearly 100 US lawmakers urge EPA to finalize tougher vehicle emissions cuts
By David Shepardson WASHINGTON (Reuters) – A group of 95 U.S. lawmakers on Thursday urged the Biden administration to finalize…
Chinese property developer Guangzhou R&F faces bankruptcy restructure demand
HONG KONG/BEIJING (Reuters) -Two creditors of China’s Guangzhou R&F Properties have sued the property developer to seek a bankruptcy restructuring,…