LONDON (Reuters) – Glencore could consider buying more steelmaking coal assets at right price, good quality and in the right location, the London-listed miner’s Chief Executive Gary Nagle said in a briefing on Wednesday. Glencore also said on Wednesday it would not spin off its coal business after securing backing from the majority of its …
Glencore could buy more steelmaking coal assets at right price Read More »
By Brigid Riley TOKYO (Reuters) -Japanese shares ended higher on Wednesday in a rollercoaster week of double-digit losses and gains that led the Bank of Japan’s deputy governor to reassure investors there would be no interest rate rises amid market volatility. Fears of U.S. recession risks and the unwinding of investments funded by a cheap …
Japanese shares end choppy day higher as BOJ deputy seeks to soothe markets Read More »
By Mike Dolan LONDON (Reuters) – The Federal Reserve may be a bit late cutting interest rates, but it’s not yet behind the curve in forestalling a U.S. recession. For all the wild financial swings and furious trading of the past week, markets have yet to price in a Fed monetary policy stance that would …
Column-Fed’s not yet ‘behind the curve’ :Mike Dolan Read More »
(Reuters) – IAC posted a 24% rise in its core profit in the second quarter, banking on advertising and licensing revenues of Dotdash Meredith, its biggest business. The media and internet company, which owns brands such as the Daily Beast and Care.com, posted earnings before interest, taxes, depreciation and amortization (EBITDA) of $87.3 million for …
(Reuters) – Telecommunications firm Lumen Technologies raised estimates for annual free cash flow on Tuesday, betting on AI-driven demand to drive growth across its connectivity solutions. Lumen has been seeing a growing need for its high-capacity fiber, which enables secure digital connections for data centers supporting AI ventures. The company revised its annual free cash …
Lumen raises annual free cash flow estimates as AI adoption drives demand Read More »
By Milana Vinn NEW YORK (Reuters) – Thoma Bravo is exploring options including a potential sale of Cority that it hopes will value the sustainability compliance software maker at about $2 billion, including debt, according to people familiar with the matter. The technology-focused buyout firm has tapped Goldman Sachs to run a sale process for …
Thoma Bravo explores $2 billion sale of ESG software maker Cority, sources say Read More »
MEXICO CITY (Reuters) – The Bank of Mexico will likely hold its benchmark interest rate at 11% later this week, according to a majority of analysts in a Reuters poll on Tuesday, as inflation and the recent weakness of the local currency muddle expectations for the key lending rate. Holding the benchmark rate was backed …
OTTAWA (Reuters) – Greater Toronto area home sales dropped in July on a month-to-month basis, data showed on Tuesday, after a surprise rise in June broke a fourth-month streak of drop in home deals. Seasonally adjusted sales declined 1.7% in July from a rise of 3.2% observed in June, according to Toronto Regional Real Estate …
Toronto home sales fall in July after June uptick, prices slightly up Read More »
SYDNEY (Reuters) – The head of Australia’s central bank on Tuesday ruled out rate cuts in the near term, saying policy had to remain restrictive to bring stubborn core inflation to heel. Speaking after a policy meeting, Reserve Bank of Australia (RBA) Governor Michele Bullock said the bank’s board had discussed raising rates at the …
Australia’s RBA rules out rate cuts in near-term Read More »
(Reuters) -German industrial orders rose by more than forecast in June, official data showed on Tuesday, providing a glimmer of hope for Europe’s largest economy, where recession is back on the cards following a contraction in the second quarter. Industrial orders increased by 3.9% in June on the previous month on a seasonally and calendar …
German industrial orders swell in ray of hope for weak economy Read More »
