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 […]
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 […]
Philip Morris beats profit estimates on easing costs, smokeless products demand
(Reuters) -Philip Morris International beat analysts’ expectations for quarterly profit and raised the lower end of its annual earnings forecast, […]
Auto supplier Magna to invest $790 million to build three new facilities
(Reuters) – Canadian auto parts maker Magna International Inc said on Thursday it will invest $790 million to build three […]