News
Important Only
Seven & i posts stronger profit boosted by overseas convenience stores
Seven & i under pressure to improve performanceNet profit boosted by sale of Ito-Yokado assetsRetailer has spent 156 billion yen buying own shares By Sam NusseyTOKYO, July 10 (Reuters) - Japan's Seven & i Holdings 3382.T said on Thursday operating profit rose 9.7% in the March to May qu...Reuters
Thu, Jul 10
Iran urges UN nuclear watchdog to drop 'double standards'
DUBAI, July 10 (Reuters) - Iran's president said on Thursday the U.N. nuclear watchdog should drop its "double standards" if Tehran is to resume cooperation with it over the Islamic Republic's nuclear programme, Iranian state media reported.President Masoud Pezeshkian last week enact...Reuters
Thu, Jul 10
Back-to-school spending set to dip as economic woes shrink budgets, Deloitte forecasts
July 10 (Reuters) - Back-to-school spending is expected to dip this year, as tariff-driven price hikes and economic uncertainty force Americans to tighten household budgets, according to a Deloitte forecast released Thursday.Overall spending is projected to remain flat at $30.9 billion or $570 per s...Reuters
Thu, Jul 10
Russia's Lavrov, U.S.' Rubio begin meeting in Kuala Lumpur, RIA says
MOSCOW, July 10 (Reuters) - Russian Foreign Minister Sergei Lavrov and U.S. Secretary of State Marco Rubio began a meeting in the Malaysian capital Kuala Lumpur, Russia's RIA state news agency reported on Thursday.The meeting, on the sidelines of the ASEAN foreign ministers' meeting, is the ...Reuters
Thu, Jul 10
BMW posts modest Q2 sales increase on growing demand in Europe, US resilience
By Amir Orusov July 10 (Reuters) - German carmaker BMW BMWG.DE reported a modest increase in second-quarter deliveries on Thursday, as growing demand in Europe offset a slump in China, with the U.S. market showing resilience. In the April-to-June period, deliveries of BMW, MINI and Rolls-Royc...Reuters
Thu, Jul 10
Indian investigators told lawmakers black boxes undamaged in Air India crash, sources say
By Abhijith Ganapavaram and Nigam Prusty NEW DELHI, July 10 (Reuters) - Indian investigators of the deadly Air India airliner crash that killed 260 last month told a meeting of lawmakers that the plane's black boxes were not damaged, two people familiar with the discussions said.The revelatio...Reuters
Thu, Jul 10
Kremlin says the Ukraine peace process has not stalled
MOSCOW, July 10 (Reuters) - The Kremlin said on Thursday that Russia did not think peace talks on Ukraine have stalled despite Donald Trump's remarks about Russian President Vladimir Putin and Washington's resumption of some weapons to Ukraine. Trump said on Tuesday that he was not happy...Reuters
Thu, Jul 10
Judge to weigh blocking Trump on birthright citizenship despite Supreme Court ruling
Hearing on ACLU class action on behalf of affected babiesTrump executive order aims to limit birthright citizenshipSupreme Court restricted use of nationwide injunctionsBy Nate Raymond CONCORD, New Hampshire, July 10 (Reuters) - A federal judge will consider on Thursday whether to prevent Preside...Reuters
Thu, Jul 10
Golf-LIV Golf and HSBC announce multi-year partnership
July 10 (Reuters) - LIV Golf and HSBC announced a multi-year partnership on Thursday that will see the London-headquartered bank become the official international banking partner of the Saudi-backed league and sponsor two of its 13 teams.The partnership with HSBC will span the entirety of LIV Golf&#...Reuters
Thu, Jul 10
Ex-Goldman partner's investment firm issues $1 billion in homebuilder loans
July 10 (Reuters) - Pretium, a real-estate focused investment firm founded by Goldman Sachs GS.N alum Don Mullen, said on Thursday it has originated more than $1 billion in loans to homebuilders in the last six months.The company, which manages $60 billion of assets, started issuing these loans in J...Reuters
Thu, Jul 10
CVC invests in Singaporean tech company Airalo at $1 billion-plus valuation
By Amy-Jo CrowleyLONDON, July 10 (Reuters) - European private equity firm CVC CVC.AS led a $220-million funding round in Singaporean travel technology specialist Airalo, valuing the business at more than $1 billion, the companies said on Thursday.CVC, which has 202 billion euros ($236.52 billion) of...Reuters
Thu, Jul 10
Internal Divisions Resurface at the Fed — When Will the Cuts Begin?
TradingKey - The Federal Reserve is facing deepening internal divisions over the timing and pace of interest rate cuts, according to minutes from its June policy meeting. Of the 19 policymakers, 10 support at least two cuts this year, two favor just one, and seven believe rates should remain unchangTradingKey
Thu, Jul 10
FACTBOX-Who is WPP's new CEO Cindy Rose?
July 10 (Reuters) - Britain's WPP WPP.L named board member Cindy Rose as the advertising group's new chief executive on Thursday, tasking the senior Microsoft executive with leading its recovery after she succeeds Mark Read on September 1.Rose, 59, who has both British and American citizensh...Reuters
Thu, Jul 10
EU's top court adviser sides with Italy in Meta Platforms dispute
By Bart H. Meijer and Foo Yun CheeBRUSSELS, July 10 (Reuters) - EU member states have the right to impose their own measures to strengthen the position of publishers in their dealings with large online platforms as long as these do not undermine freedom of contract, an adviser to the EU's highes...Reuters
Thu, Jul 10
Italy PM: Ukraine Recovery Conference has committed over 10 bln euros
ROME, July 10 (Reuters) - Participants in a Rome conference on the economic recovery of Ukraine have pledged over 10 billion euros ($11.73 billion) to help the war-torn country, Italian Prime Minister Giorgia Meloni said on Thursday."I think we should be proud of the result we have achieved toge...Reuters
Thu, Jul 10
