TORONTO (Reuters) – Greater Toronto Area (GTA) home prices fell in June, the first drop in five months, as the Bank of Canada’s move to restart its interest rate hiking campaign injected a measure of uncertainty into the market. The average price of a GTA home fell 1.2% in June from May to C$1,182,120 ($890,084), …
Toronto home prices fall in June as borrowing costs rise Read More »
By Hadeel Al Sayegh DUBAI (Reuters) – U.S.-based Verition Fund Management is opening an office in Dubai, joining a raft of other hedge funds including BlueCrest which have expanded to the Gulf region’s financial hub. Verition, which oversees about $7.3 billion in assets, has been licensed to manage assets and conduct other financial services activities, …
Hedge fund Verition joins rush to Dubai financial hub Read More »
By John O’Donnell and Alexandra Schwarz-Goerlich VIENNA (Reuters) – Raiffeisen Bank International is delaying plans to leave Russia, three people familiar with its position said, as Austria steps up its defence of long-standing ties with Moscow. Raiffeisen (RBI), the largest of the Western banks in Russia, had intended to spin off its Russian business, which …
Exclusive-Raiffeisen delays quitting Russia as Austria defends ties -sources Read More »
By Lewis Jackson SYDNEY (Reuters) – Two lawmakers on Thursday called on PwC Australia to name all the companies it sought to advise on the basis of leaked government tax plans, after a report linked Google to the national scandal first exposed in January. Citing two sources, Reuters reported on Wednesday that Google had received …
PwC asked to name companies it pitched on basis of leaked Australian tax plans Read More »
By Jason Hovet and Alan Charlish WARSAW/PRAGUE (Reuters) – Central European currencies are expected to weaken over the next 12 months with the Polish zloty taking the biggest hit, a Reuters poll showed, as higher inflation compared to the euro zone and the prospect of interest rate cuts weigh. The region’s currencies have made a …
CEE FX set to weaken as rate cuts come into view: Reuters poll Read More »
(Corrects grammar in first paragraph) By Katie Paul NEW YORK (Reuters) -Meta Platforms on Wednesday launched a direct challenge to Twitter with Threads, garnering millions of users in hours as it sought to take advantage of its rival’s much-weakened state after a series of chaotic decisions from owner Elon Musk. Those quick to join the …
Meta takes aim at Twitter with Threads app, millions join Read More »
STOCKHOLM (Reuters) – Estonian ride-hailing and food delivery startup Bolt named Mikko Salovaara as its chief financial officer ahead of the company’s preparation for an initial public offering. The company, a rival of Uber, was valued at over $8 billion when it raised 628 million euros from investors in January last year. Chief Executive Officer …
Uber rival Bolt names new CFO in preparation for IPO Read More »
NEW YORK (Reuters) – Bank of America (BofA) said on Wednesday it planned to increase its quarterly common stock dividend to 24 cents per share from 22 cents per share beginning in the third quarter of 2023. BofA, unlike other major U.S. banks, had held back a decision on the dividend last week. Rivals JPMorgan …
Bank of America increases dividend by 9% after Fed stress test Read More »
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York President John Williams said on Wednesday it was the right move for the central bank to hold rates steady three weeks ago, while hinting at some point it may have to raise rates again amid ongoing economic strength. “We still have …
Fed’s Williams: June rate pause was right move, but future hikes still in play Read More »
By Rajesh Kumar Singh CHICAGO (Reuters) – JetBlue Airways Corp said on Wednesday it will not appeal a U.S. judge’s decision in May requiring it to end an alliance with American Airlines Group. The New York-based carrier said it will start unwinding the alliance to focus on its merger with Spirit Airlines. U.S. District Judge …
JetBlue decides not to appeal American Airlines alliance court ruling Read More »
