News
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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
Deals of the day-Mergers and acquisitions
July 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Thursday: ** Blackstone said it had raised its offer to buy Warehouse REIT to 115 pence per share, valuing the British firm at about 489 million pounds ($665.6 mil...Reuters
Thu, Jul 10
Uniqlo owner warns significant tariff impact, plans price hikes
Expects significant tariff impact from later this year-CFOQ3 operating profit 146.7 bln yen vs 153.8 bln yen consensusKeeps full-year profit forecast at 545 bln yen TOKYO, July 10 (Reuters) - Japan's Fast Retailing 9983.T, owner of the Uniqlo clothing brand, said on Thursday higher U.S. tarif...Reuters
Thu, Jul 10
Kremlin says Ukraine peace process has not stalled
MOSCOW, July 10 (Reuters) - The Kremlin said on Thursday that Russia does not think peace talks on Ukraine have stalled and that it still wants to achieve its goals there through peaceful political and diplomatic means.Kremlin spokesman Dmitry Peskov said Moscow was waiting for Kyiv to give a signal...Reuters
Thu, Jul 10
Kremlin says it welcomes direct peace dialogue between Armenia and Azerbaijan
MOSCOW, July 10 (Reuters) - The Kremlin said on Thursday that it welcomed a meeting between the leaders of Armenia and Azerbaijan to finalise a peace agreement and fully supported the talks between the two former Soviet countries.Armenian Prime Minister Nikol Pashinyan and Azerbaijani President Ilha...Reuters
Thu, Jul 10
Sri Lanka's apparel industry counts on cutting US tariff to compete with rivals
Sri Lanka says to continue US tariff negotiationsSri Lanka's apparel exports to US worth $1.9 billion last yearVietnam and India face lower tariffsBy Uditha Jayasinghe COLOMBO, July 10 (Reuters) - Sri Lanka's garments sector is pinning its hopes on further discussions with the U.S. govern...Reuters
Thu, Jul 10
Kraft Heinz to sell Italian baby food business to NewPrinces for 120 million euros
MILAN, July 10 (Reuters) - Packaged food maker Kraft Heinz KHC.O has agreed to sell its Italian infant and speciality businesses, including the Plasmon, Nipiol and Aproten brands, to Italian food group NewPrinces NWLF.MI, Kraft said on Thursday.The business, which also includes some other smaller br...Reuters
Thu, Jul 10
Pakistan eyes $1 billion valuation in Roosevelt Hotel redevelopment plan, source says
Government aims for over $1 billion valuationJLL to run partner selectionJV partner to be selected in 6–9 monthsBy Ariba Shahid KARACHI, July 10 (Reuters) - Pakistan is seeking a valuation of at least $1 billion for the Roosevelt Hotel it owns in New York and is ready to part with a minority sta...Reuters
Thu, Jul 10
Russia's Ryabkov says Trump administration's contradictory signals makes life difficult
MOSCOW, July 10 (Reuters) - A senior Russian diplomat said on Thursday that U.S. President Donald Trump's administration's contradictory actions and words made it difficult though Moscow was dedicated to working on improving ties with Washington."The Trump administration is very contradi...Reuters
Thu, Jul 10
Ford recalls more than 850,000 vehicles in US over fuel pump defect
July 10 (Reuters) - Ford Motor F.N is recalling 850,318 vehicles in the U.S. due to a potential low-pressure fuel pump failure, which could cause an engine stall, the U.S. National Highway Traffic Safety Administration said on Thursday.A faulty fuel pump can reduce fuel flow from the tank to the eng...Reuters
Thu, Jul 10
Thames Water confirms receiving a bid amid FT report on Redesdale move
July 10 (Reuters) - Thames Water said it has received an offer while commenting on a Financial Times report about a last-ditch rescue bid from former Liberal Democrat energy spokesman Rupert Redesdale and investment firm Muinin Holdings. Without confirming the name of the bidder, a company ...Reuters
Thu, Jul 10
Russia says it struck military-industrial facilities in Kyiv
MOSCOW, July 10 (Reuters) - Russia's defence ministry said on Thursday that its forces had successfully carried out strikes on military-industrial facilities in Kyiv and on a military airfield in Ukraine."The armed forces of the Russian Federation launched a group strike with high-precision ...Reuters
Thu, Jul 10
Russia's Ryabkov says Trump administration's 500% possible tariff won't change much
MOSCOW, July 10 (Reuters) - Russian Deputy Foreign Minister Sergei Ryabkov said that Donald Trump's administration was contradictory in its statements and actions, but that Russia knew how to resist any possible additional sanctions out of Washington, Russian news agencies reported on Thursday. ...Reuters
Thu, Jul 10
Disney and UK's ITV tie-up in joint streaming deal
LONDON, July 10 (Reuters) - U.S. entertainment giant Walt Disney DIS.N and British broadcaster ITV ITV.L will carry a selection of each other's shows on their respective streaming platforms, Disney+ and ITVX, to help attract new audiences, the companies said on Thursday. Disney+ customers in Bri...Reuters
Thu, Jul 10
Ulta Beauty set to buy British retail chain Space NK, Sky News reports
July 10 (Reuters) - U.S. cosmetics retailer Ulta Beauty ULTA.O is on the verge of a deal to buy British high street chain Space NK, Sky News reported on Thursday, citing a source.The exact price being paid by Ulta was unclear, the report said, adding that the deal value was likely to be well in exce...Reuters
Thu, Jul 10
