Business

Commerzbank chairman says bank is ready for takeover talks with UniCredit

Friday, July 24 by SRN News

By John O'Donnell and Valentina Za BERLIN, July 24 (Reuters) - Commerzbank Chairman Jens Weidmann on Friday invited UniCredit to open talks on the terms of a merger, as the German lender abandoned its remaining resistance to the unwanted Italian takeover and focused on securing... Read More.

US business activity perks up in July, helped by World Cup, but trend may not last, S&P Global says

Friday, July 24 by SRN News

By Dan Burns July 24 (Reuters) - Activity in the vast U.S. services sector accelerated in July, aided in part by spending around the FIFA World Cup and the Independence Day holiday, while the pace of growth in the manufacturing sector eased to the slowest... Read More.

Brazil uses forensic science to trace gold’s origin and tackle illegal mining in the Amazon

Friday, July 24 by SRN News

BRASILIA, Brazil (AP) - Brazil is using forensic science to tackle illegal gold mining in the Amazon, a top threat to the rainforest, Indigenous groups and other communities there that has accelerated deforestation and driven mercury contamination to dangerous levels. The work takes place... Read More.

American Express Q2 profit rises driven by higher spending and fewer delinquencies

Friday, July 24 by SRN News

Credit card giant American Express said its second-quarter profits rose 8% from a year earlier, helped by higher spending by its card members, fewer delinquencies and more customers signing up for its premium products like the Platinum Card and Gold Card. The New York-based... Read More.

Analysis-Investors fret that spiking oil prices and rising yields could threaten stock rally

Friday, July 24 by SRN News

By Saqib Iqbal Ahmed and Lewis Krauskopf NEW YORK, July 24 (Reuters) - Deepening conflict in the Middle East has sent oil prices surging and Treasury yields climbing to levels that have equity investors on edge, raising fears that pain so far largely contained in... Read More.

Ford recalls more than half a million Broncos due to engine fire risk

Friday, July 24 by SRN News

WASHINGTON (AP) - Ford Motor Co. is recalling more than half a million Broncos because a wiring harness in the engine compartment can short circuit and increase the risk of fire. Ford said Thursday that 565,691 Ford Broncos and Bronco Raptors, model years 2021-2026, are... Read More.

Russia’s central bank gingerly cuts rates, caught between business complaints and inflation

Friday, July 24 by SRN News

FRANKFURT, Germany (AP) - Russia's central bank made a smaller than usual interest rate cut on Friday, a compromise move to support stagnating economic growth even as inflation fueled by war spending remains higher than the bank's target. The quarter-point cut to 14% shows... Read More.

US equity funds log outflows for a second straight week as tech earnings eyed

Friday, July 24 by SRN News

July 24 (Reuters) - U.S. equity funds recorded outflows for a second consecutive week as caution ahead of earnings reports from major technology companies and a renewed rise in oil prices weighed on investor sentiment. Investors sold a net $7.34 billion in U.S. equity funds... Read More.

Samsung, SK Hynix to announce major chip deals with US tech companies, Seoul says

Friday, July 24 by SRN News

SEOUL, July 24 (Reuters) - South Korean chipmakers Samsung Electronics and SK Hynix will announce large supply deals with U.S. technology companies during President Lee Jae Myung's visit to San Francisco, a senior presidential official said. Kim Yong-beom, the president's policy adviser, told reporters on... Read More.

Taiwan central bank says it has good communications with US Treasury after currency report

Friday, July 24 by SRN News

TAIPEI, July 24 (Reuters) - Taiwan's central bank on Friday emphasised its good relations with the U.S. Treasury Department, in response to the Treasury's latest semi-annual currency report which included Taiwan on its "monitoring list" along with nine other economies. In its statement, the central... Read More.

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Current Weather

Commerzbank chairman says bank is ready for takeover talks with UniCredit

US business activity perks up in July, helped by World Cup, but trend may not last, S&P Global says

Brazil uses forensic science to trace gold’s origin and tackle illegal mining in the Amazon

American Express Q2 profit rises driven by higher spending and fewer delinquencies

Analysis-Investors fret that spiking oil prices and rising yields could threaten stock rally

Ford recalls more than half a million Broncos due to engine fire risk

Russia’s central bank gingerly cuts rates, caught between business complaints and inflation

US equity funds log outflows for a second straight week as tech earnings eyed

Samsung, SK Hynix to announce major chip deals with US tech companies, Seoul says

Taiwan central bank says it has good communications with US Treasury after currency report

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