International News

  Bloomberg Oracle Corp cut jobs in marketing and the US customer experience division, signalling a pullback in customer analytics and advertising services. Some workers were told that their positions had been eliminated. Junior sales employees as well as a division sales director were among those let go, according to one former worker who lost their job and asked not ...

Bloomberg HSBC Holdings Plc shares rise after it delivered better-than-estimated profits and pledged to return to paying quarterly dividends next year as it seeks to head off a call by its largest shareholder to split up. Helped by rising interest rates and a jump in income from currency trading, adjusted pretax profits rise 13% to $5.97 billion in the second ...

Bloomberg The yen’s summer revival entered a fourth day, putting it on track for the longest rally since February, as one of the biggest macro trades of the year continues to unwind. The Japanese currency climbed as much as 1% to just below 132 per dollar. Hedge funds are selling down dollar positions and increasingly buying the yen as a ...

  Bloomberg The UK has paid lenders £352 million ($429 million) to cover losses so far on virus loans to small businesses, a number that’s likely to grow further with £1.6 billion of further claims lodged by the lenders at the end of March. Metro Bank Plc, which lent a total of £1.4 billion under the Bounce Back Loan Scheme, ...

  Bloomberg Quilter shares surged the most on record after a report that Natwest Group Plc is considering a bid for the wealth manager. A takeover would be NatWest’s biggest deal since its bailout during financial crisis more than a decade ago. Once one of world’s largest banks, it transformed into a largely domestic retail lender and is still part-owned ...

  Bloomberg Colombia raised interest rates to the highest level since 2009 as a slump in the peso adds to inflationary pressure in Latin America’s fastest-growing major economy. The central bank increased its benchmark rate by 1.5 percentage points for a second straight month, to 9%, governor Leonardo Villar told reporters after the meeting. Six board members voted for the ...

  Bloomberg The US is poised to deliver a bumper spring wheat crop in the upcoming weeks, which if realized could help relieve global shortfalls caused by turmoil in the Black Sea. Fields in North Dakota, the top producing US state, are forecast to yield a record high 49.1 bushels per acre of the grain, according to the final estimate ...

Bloomberg Canada’s economic expansion showed signs of moderating in May and June, pulling back from a strong start to the year in the face of high inflation and rising interest rates. Output in June was on track for a small increase of 0.1% after stalling in May, Statistics Canada said. That follows three months of better growth between February and ...

  Bloomberg The UK’s bleak economic outlook and rising interest rates are finally biting into the country’s housing market, the latest figures from Britain’s lenders show. NatWest Group Plc reported net mortgage growth of £3.3 billion ($4 billion) in the second quarter, down from £3.6 billion in the same period last year. Barclays Plc reported near stagnant growth in home ...

  Bloomberg Denmark’s producers of food and beverages expect to raise prices further in the coming quarter, signalling that inflation in the Nordic country is yet to peak. In a survey by Statistics Denmark, 81% of the food makers said they expect prices to increase in the coming three months, up from 76% a month ago. In the overall retail ...