By John McCrank NEW YORK (Reuters) – The dollar fell broadly on Wednesday, with its biggest decline against the yen since March 2020, following a cooler-than-expected inflation report for July that raised expectations of a less aggressive rate hike cyc…
Wildfires rage in France, thousands evacuated from homes
By Stephane Mahe and Layli Foroudi HOSTENS, France (Reuters) -Wildfires tore through the Gironde region of southwestern France on Wednesday, destroying homes and forcing the evacuation of more than 8,000 residents, some of whom had clambered onto rooft…
SoftBank to gain $34 billion from cutting Alibaba stake
By Sam Nussey TOKYO (Reuters) -SoftBank Group Corp said on Wednesday it would book a gain of $34.1 billion by cutting its stake in Alibaba Group Holding, as the investment behemoth looks to shore up its cash reserve to weather the market downturn. The …
Boxing-‘It’s personal’: Benn to fight Eubank Jr in October
(Reuters) – British boxers Chris Eubank Jr. and Conor Benn will square off in a highly-anticipated bout at London’s O2 Arena on Oct. 8, three decades after their famous fathers fought each other. Chris Eubank and Nigel Benn were bitter rivals in the 19…
Rhine water falls again in Germany, river shipping costs rise
HAMBURG (Reuters) – Water levels on the river Rhine in Germany have fallen again in hot and dry weather and shipping costs are rising as vessels cut loads to continue sailing, commodity traders said on Wednesday. Shallow water after the summer heat-wav…
UK car insurer Admiral first-half pre-tax profit halves
LONDON (Reuters) – Admiral posted a 48% fall in pre-tax profit in the first half to 251.3 million pounds ($303.50 million), the UK motor insurer said on Wednesday. “Although, as expected, profit has decreased against last year, the unique conditions of…
U.S. consumer prices unchanged in July as cost of gasoline tumbles
By Lindsay Dunsmuir (Reuters) – U.S. consumer prices were unchanged in July due to a sharp drop in the cost of gasoline, delivering the first notable sign of relief for weary Americans who have watched inflation climb over the past two years. The Consu…
ABN Amro’s Q2 net profit beats despite rising costs
AMSTERDAM (Reuters) – Dutch bank ABN Amro beat analyst expectations on Wednesday with a jump of 21% in second-quarter net profit to 475 million euros ($485 million), as the release of previous impairments offset rising costs. Analysts in a company-comp…
Torrential rain lessens in South Korean capital amid heavy flood damage
By Joori Roh SEOUL (Reuters) – Torrential rains that have slammed South Korea’s capital, Seoul, diminished on Wednesday after killing at least nine people and damaging about 2,800 homes and other buildings. More rain was forecast for Wednesday, but les…
Ukraine suggests partisans behind blasts at Russian airbase in Crimea
(Reuters) – A senior Ukrainian official suggested a series of explosions at a Russian air base in Crimea could have been the work of partisan saboteurs, as Kyiv denied any responsibility for the incident deep inside Russian-occupied territory. The advi…