(Adds earlier Erdogan comment) By Tom Arnold LONDON, Aug 7 (Reuters) – Ratings agencies warned Turkey on Friday that it will likely have to hike interest rates sooner or later as it runs out of options to defend the lira,…
Read MoreFACTBOX-Over 1.2 million still without power on U.S. East Coast from Isaias
Aug 7 (Reuters) – More than 1.2 million homes and businesses from Pennsylvania to Massachusetts were still without power early Friday after Hurricane Isaias crashed up the U.S. East Coast earlier this week, according to local electric companies. That is…
Read MoreSouth Africa's Denel tells unions it can't honour court ruling on salaries
JOHANNESBURG, Aug 7 (Reuters) – South Africa’s struggling state defence firm Denel told trade unions on Friday that it cannot honour a court ruling that it should pay outstanding salaries by Friday, a letter from Denel’s lawyers to the unions’…
Read MoreUS job gains may have stalled in July amid coronavirus spike
WASHINGTON (AFP) – The promising jobs recovery in May and June may have come to a screeching halt in July as Covid-19 cases spiked and newly rehired workers in some states were sent home. Payrolls are expected to have risen…
Read MoreUPDATE 1-Brazil to announce 3 or 4 large privatizations soon – economy minister
(Adds details of privatization, quotes, byline) By Marcela Ayres BRASILIA, Aug 6 (Reuters) – Brazil’s government is set to announce the privatization of three or four large companies within the next 30-60 days, Economy Minister Paulo Guedes said on Thursday,…
Read MoreUPDATE 1-Brazil jobless insurance claims fall in July, but 2020 total still well up on last year
(Adds detail) By Jamie McGeever BRASILIA, Aug 6 (Reuters) – New unemployment insurance claims in Brazil fell in July, figures showed on Thursday, a sign that the labor market has passed the worst of the coronavirus crisis and a counter…
Read MoreUPDATE 1-Manulife says cost containment to be key driver of targeted 10%-12% core earnings growth
(Adds details from analyst call) By Nichola Saminather TORONTO, Aug 6 (Reuters) – Manulife Financial Corp’s focus on containing costs will be a key driver of its target of 10% to 12% growth in core earnings per share next year…
Read MoreUPDATE 1-Lebanon c.bank tells banks to make cheap dollar loans to those hit by Beirut blast
(Adds details, context on blast and financial crisis) BEIRUT, Aug 6 (Reuters) – Lebanon’s central bank on Thursday instructed banks and financial institutions to extend exceptional dollar loans at zero interest to individuals and firms impacted by the Beirut port…
Read MoreUPDATE 1-Czech central bank sees stable rates over next year amid slower recovery
* Central bank votes unanimously to leave main rate at 0.25% * Says new forecasts consistent with rate stability until mid-2021 * Forecasts economy shrinking 8.2% in 2020, rebound seen slower * Full statement on decision: * Updated forecasts: (Updates…
Read MoreSingapore's DBS Q2 profit falls 22% as loan loss provisions increase
SINGAPORE, Aug 6 (Reuters) – Singapore’s DBS Group Holdings reported a 22% fall in second-quarter profit as it increased loan loss allowances in a pandemic-hit market but said business activity was improving as economies emerge from lockdowns. Southeast Asia’s biggest…
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