ZURICH (Reuters) -UBS is to liquidate a $2 billion real estate fund it acquired when it bought Credit Suisse, the Swiss bank said on Thursday, in the latest sign of investors selling out of troubled commercial property markets. The fund, which holds four-fifths of its assets in offices, had faced investor redemption requests but the […]

By Laura Matthews (Reuters) -The dollar softened against its major peers on Wednesday, helping the euro to a near eight-month peak, as the U.S. consumer price index showed inflation is subsiding, reinforcing expectations that Federal Reserve interest rate cuts are near. U.S. CPI rose moderately in July and the annual increase in inflation slowed to […]

By David Randall NEW YORK (Reuters) – A week of wild market swings has investors looking ahead to inflation data, corporate earnings and presidential polls for signals that could soothe a recent outbreak of turbulence in U.S. stocks. Following months of placid trading, U.S. stock volatility has surged this month as a run of alarming […]

(Reuters) – U.S. auto safety regulator has opened a preliminary evaluation into 77,131 Nissan vehicles over reports of an issue with the steering tie rod, it said on Wednesday. The National Highway Traffic Safety Administration said the probe would involve Nissan’s 2021 Rogue crossover models, adding that it launched the investigation after reports of inner […]

By Hannah Lang and Saqib Iqbal Ahmed NEW YORK (Reuters) -A surge in the yen to a seven-month high led a broad dollar fall, as a slew of economic data last week raised the prospect of a U.S. economic downturn and bigger interest rate cuts from the Federal Reserve. The dollar index, which tracks the […]

By Allison Lampert (Reuters) -Boeing’s incoming boss, Kelly Ortberg, faces a herculean task when he starts next week –  restoring the might of a U.S. corporate powerhouse rocked by multiple crises.   The former Rockwell Collins boss is returning from retirement to head the 108-year-old U.S. planemaker, which is bleeding cash and beset by companywide problems expected […]

By Harshita Mary Varghese (Reuters) -T-Mobile US raised its full-year forecast for monthly bill-paying phone subscriber additions, after seeing more customers than expected in the second quarter on strong demand for its discounted unlimited plans that include streaming perks. Shares of the company rose 3.6% at midday on Wednesday. American wireless carriers have been bundling […]

By Sinéad Carew and Ankika Biswas (Reuters) -The S&P 500 closed barely higher after Monday’s choppy trading session as investors held their breath ahead of a raft of big technology company earnings, a Federal Reserve policy decision on interest-rate cuts and key US labor data, all due this week. Quarterly reports from market heavyweights such […]

By Erwin Seba HOUSTON (Reuters) -Oil futures fell about 1.5% on Friday, finishing the week lower on declining Chinese demand and hopes of a Gaza ceasefire agreement that could ease Middle East tensions and accompanying supply concerns. Brent crude settled down $1.24, or 1.5%, at $81.13 a barrel. West Texas Intermediate crude ended $1.12, or […]

By Arathy Somasekhar and Arunima Kumar HOUSTON (Reuters) -Top U.S. oilfield service firms SLB and Halliburton posted higher quarterly profits on Friday helped by strong global demand, but warned of softer activity in North America for the second half of this year. Oilfield service providers have in recent quarters bet on growth overseas, as well […]