Zara founder Ortega buys US warehouse for $109 million
MADRID (Reuters) – Amancio Ortega, the founder of Zara-owner Inditex, has bought a warehouse in Los Angeles for $109 million…
US airline stock valuations stuck on runway despite travel boom
By Rajesh Kumar Singh CHICAGO (Reuters) -Relentless travel demand has sent bookings at U.S. carriers soaring, translating into bumper earnings….
In message to Russia, G7 unveils long-term security pledge for Ukraine
By John Irish and Niklas Pollard VILNIUS (Reuters) – G7 countries on Wednesday unveiled an international framework for the long-term…
Brazil’s Azul launches notes offering as part of broad restructuring plan
SAO PAULO (Reuters) – Brazilian airline Azul announced on Wednesday it is launching a public offering of senior secured notes…
Property insurers’ ratings under pressure as risk rises, Morningstar says
(Reuters) – The credit ratings of global property insurers are coming under pressure as rising reinsurance costs force them to…
UAE gives $1 billion in reserve support to Pakistan
ISLAMABAD (Reuters) – The United Arab Emirates has deposited $1 billion with Pakistan’s central bank to support foreign exchange reserves,…
One killed in Russian attacks on Ukraine as Zelenskiy talks to NATO
KYIV (Reuters) -Russia launched a drone strike on Kyiv early on Wednesday, and an old man was killed in Russian…
Brazil services activity up more than expected in May
SAO PAULO (Reuters) – Services activity in Brazil grew by much more than expected in May from the previous month,…
Bank of Canada hikes growth forecast and says inflation slowing only gradually
OTTAWA, July 12 (Reuters)-The Bank of Canada (BoC) on Wednesday raised its growth forecast for this year to 1.8%, up…
Microsoft’s $69 billion Activision deal gets US judge go-ahead, UK softens opposition
By Diane Bartz WASHINGTON (Reuters) -Microsoft cleared major hurdles to its plan to buy videogame maker Activision Blizzard on Tuesday,…