By Nelson Bocanegra and Luis Jaime Acosta BOGOTA – Colombia will continue to reduce its fiscal deficit but may need another year to reach the target laid out for 2023 …
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Financial News
America’s biggest warehouse is running out of room. It’s about to get worse
by Reutersby ReutersBy Lisa Baertlein SAN BERNARDINO, Calif. – America’s largest warehouse market is full as major U.S. retailers warn of slowing sales of the clothing, electronics, furniture and other goods that …
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Financial News
Australian stock exchange operator delays software overhaul by 20 months
by Reutersby Reuters(Reuters) -The Australian Securities Exchange said on Wednesday it would delay an overhaul of its main share trading software by up to 20 months, citing problems achieving “scalability and resilience”. …
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Top HeadlinesUS and World News
Death toll climbs to 4 in California’s largest wildfire this season
by Reutersby ReutersBy Carlos Barria YREKA, Calif. -Search teams have located two more bodies in an area scorched by a forest fire raging for a fifth day in northern California near the …
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Financial News
EU Commission agrees to extend sale deadline for Monte dei Paschi
by Reutersby ReutersBy Valentina Za and Giuseppe Fonte MILAN – The European Commission on Tuesday approved revised restructuring targets for Italian bank Monte dei Paschi di Siena (MPS) and a new deadline …
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Financial News
South Korea FX reserves increase in July after four months of decline
by Reutersby ReutersSEOUL – South Korea’s foreign exchange reserves increased slightly in July, central bank data showed on Wednesday, ending four straight months of decreases led partly by authorities’ dollar-selling intervention to …
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Financial News
Twitter queries banks on Musk’s attempts to undermine $44 billion deal
by Reutersby ReutersBy Tom Hals WILMINGTON, Del. – Twitter Inc is attempting to find evidence that Elon Musk tried to torpedo the financing of his $44 billion takeover deal for the social …
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Financial News
Fraud charges in hacking case against Uber ex-security chief are dismissed
by Reutersby ReutersBy Jonathan Stempel (Reuters) – A U.S. judge on Tuesday granted a request by prosecutors to dismiss fraud counts against a former Uber Technologies Inc security chief also charged with …
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Top HeadlinesUS and World News
Russia accuses U.S. of direct Ukraine war role, grain ship anchors off Turkish coast
by Reutersby ReutersBy Can Sezer and Orhan Coskun ISTANBUL/LONDON – Russia on Tuesday accused the United States of direct involvement in the Ukraine war while the first ship carrying Ukrainian grain to …
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Financial News
Chinese filings for U.S. clearance on investments doubled in 2021
by Reutersby ReutersBy Alexandra Alper and David Lawder WASHINGTON – Chinese investors roughly doubled the number of applications they made last year seeking U.S. regulatory clearance for proposed stakes in American companies, …
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By Hannah Lang and Michelle Price (Reuters) -Robinhood Markets Inc said on Tuesday it was slashing 23% of its staff as it posted a 44% decline in revenue on slumping …
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Financial News
PayPal shares jump on Elliott’s $2 billion stake, annual profit guidance raise
by Reutersby ReutersBy Mehnaz Yasmin (Reuters) – PayPal Holdings on Tuesday said activist investor Elliott Management has an over $2 billion stake in the fintech company and the firm raised its annual …
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Top HeadlinesUS and World News
Georgia anti-abortion law allows tax deductions for fetuses
by Reutersby ReutersBy Sharon Bernstein (Reuters) -Pregnant women in the U.S. state of Georgia will be able to deduct their fetuses as dependents on their taxes under a 2019 anti-abortion law that …
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Financial News
AMD posts Q3 sales outlook below Wall St, data center growth remains strong
by Reutersby ReutersBy Yuvraj Malik and Jane Lanhee Lee (Reuters) -Advanced Micro Devices Inc on Tuesday forecast third-quarter revenue slightly below Wall Street estimates, a signal of uncertainty that concerned some investors …
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By Noel Randewich and Devik Jain (Reuters) – Wall Street ended lower after a choppy session on Tuesday, with geopolitical tensions flaring after U.S. House of Representatives Speaker Nancy Pelosi …
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By Sabrina Valle HOUSTON -Occidental Petroleum Corp on Tuesday capped a turnaround with a second-quarter profit that topped Wall Street estimates while slashing debt and launching a share buyback program …
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Financial News
Airbnb’s tepid bookings target muddies record quarter, shares slide
by Reutersby ReutersBy Aishwarya Nair (Reuters) -Vacation rental Airbnb Inc on Tuesday forecast bookings for the current quarter at par with the record-breaking previous one, disappointing investors who had expected far more …
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Financial News
Electronic Arts forecasts sales below estimates as gaming craze cools
by Reutersby ReutersBy Tiyashi Datta (Reuters) -Electronic Arts Inc on Tuesday forecast quarterly adjusted sales below estimates as easing COVID-19 curbs temper the gaming rage seen at the height of the pandemic …
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By Ernest Scheyder (Reuters) -General Motors Co is prepaying Livent Corp $198 million for a guaranteed six-year supply of lithium, a deal that reflects the auto industry’s rising worry about …
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Top HeadlinesUS and World News
White House competition adviser set to step down in coming months -source
by Reutersby ReutersBy David Shepardson WASHINGTON -White House competition adviser Tim Wu, who advocated breaking up Big Tech companies and coined the term “net neutrality”, plans to step down and return to …
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Financial News
Gilead quarterly profit falls as COVID antiviral sales decrease
by Reutersby ReutersBy Deena Beasley (Reuters) -Gilead Sciences Inc on Tuesday said its second-quarter adjusted profit fell due to higher research and royalty costs as well as a downturn in sales of …
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By Deborah Mary Sophia and Hilary Russ (Reuters) -Starbucks Corp beat Wall Street estimates for quarterly profit on Tuesday as higher prices and strong demand for its coffees in the …
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(Corrects headline and first paragraph to say net profit more than tripled, not doubled) SAO PAULO – Brazilian payment processor Cielo SA said on Tuesday its second-quarter net profit more …
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By Sabrina Valle (Reuters) -Brazil’s state-controlled oil company Petrobras will distribute at least twice as much as the biggest international oil producers in second quarter dividends, boosting the government’s coffers …
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Financial News
Coterra, Chesapeake, and Pioneer report strong profits, boost shareholder returns
by Reutersby ReutersBy Liz Hampton and Ruhi Soni (Reuters) -U.S. shale producers Chesapeake Energy Corp, Pioneer Natural Resources <PXD.N> and Coterra Energy Inc on Tuesday reported strong second-quarter profits and boosted shareholder …