SYDNEY, Aug 3 (Reuters) – Australian home prices suffered a second month of steep falls in July as higher borrowing costs and unease over tax changes accelerated a downturn in the market that has grabbed the attention of the country’s central bank. Figures from property consultant Cotality showed na
WASHINGTON (AP) — President Donald Trump says he has reached the “parameters” of a deal with Middle East allies aimed at ending the Iran war—while, for now, holding off on fresh U.S. strikes that could further inflame an already dangerous conflict. In a Saturday evening post on social media, Trump s
WADDINXVEEN, Netherlands (AP) — Jeroen Wouda and Dirk Boom walk slowly along a Dutch dike, prodding at the bone dry surface with metal rods and scanning the parched grass for patches of green that could give away the location of a leak. In a scene that brings to mind the fictional Dutch boy who hero
By Gergely Szakacs and Michael Kahn BUDAPEST/PRAGUE, Aug 2 (Reuters) – Hungarian firms and business magnates who leveraged ties to Viktor Orban to build sprawling empires are pivoting to smaller projects as a new ruling party moves to stamp out alleged cronyism. Reuters spoke to around a dozen forme
By Tamiyuki Kihara, Makiko Yamazaki and Leika Kihara TOKYO, Aug 2 (Reuters) – Japanese Finance Minister Satsuki Katayama will announce on Monday that Tokyo and Washington took joint action in the currency market to arrest the yen’s slide to 40-year lows, two Japanese government officials told Reuter
BEIRUT (AP) — Crude oil appeared to be leaking and spreading in recent days from a sanctioned tanker grounded off the coast of Oman, close to a marine protected area, satellite images reviewed by The Associated Press show. The images, the last of which was on Friday, show an oil sheen covering about
Michigan on Saturday joined Minnesota in reporting cyberattacks on nine of the state’s water systems but an official said all systems were operating “safely.” Earlier this week, authorities said cyberattacks targeted over 30 water systems in Minnesota. The source of the attacks is being investigated
Aug 1 (Reuters) – WestJet said on Saturday it has begun cancelling flights in response to the CUPE union’s notice to strike and has cancelled 86 flights. Canada’s second-largest carrier said it remains at the bargaining table with the union for flight attendants and is committed to achieving a negot
The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store and gas station are more painful than they were last year, and rising costs are impacting the decisions of both households and businesses. Here’s a sna
NEW YORK (AP) — President Donald Trump knows the world hangs on his every word. Now he wants you to pay for it. The social media posts of the world’s most powerful man are going on sale Saturday when his Truth Social business begins offering sneak peeks of them to Wall Street traders willing to pay
By Che Pan and Ryan Woo BEIJING, Aug 1 (Reuters) – Chinese electric vehicle maker BYD’s global sales rose for a third straight month in July, with robust overseas demand continuing to help offset softer conditions in its home market. Total sales rose 21.8% from a year earlier to 419,211 vehicles las
NEW YORK (AP) — Corporate earnings from big U.S. companies and closely-watched jobs reports are among the key updates for Wall Street this week. The latest batch of profit updates and forecasts could help give investors a clearer picture of how and where households are spending money amid stubbornly
July 31 (Reuters) – A selloff in U.S. Treasuries this week signaled the need for the Federal Reserve to earn its inflation-fighting “credibility” with interest rate increases, St. Louis Fed President Alberto Musalem told the Financial Times. “At this juncture, earlier, incremental, gradual interest-
By Fabiola Arámburo and David Lawder Aug 1 (Reuters) – The U.S. Treasury bought yen on Friday to support the battered Japanese currency, the Financial Times reported, marking Washington’s first yen-buying intervention with Tokyo in more than a decade as it languishes near 40-year lows. The Federal R
By Svea Herbst-Bayliss, Manya Saini and Anirban Sen July 31 (Reuters) – When rival hedge funds face catastrophic losses, billionaire investor Ken Griffin has a habit of identifying opportunities and showing up with a checkbook. Citadel’s founder this week reprised his role as one of Wall Street’s re
July 31 (Reuters) – FIFA President Gianni Infantino said on Friday world soccer’s governing body has scrapped plans to sell a stake in the World Cup to private investors after widespread backlash. “Having listened carefully to all the views, it has become clear that the project has created divisions
By Daniel Heuer and David Lawder CAMP DAVID, Maryland, July 31 (Reuters) – U.S. Treasury Secretary Scott Bessent on Friday exposed a “to-do” list during President Donald Trump’s cabinet meeting indicating he was contemplating U.S. purchases of $5 billion to $10 billion worth of Japanese yen, a Reute
July 31 (Reuters) – Warner Music Group, the label behind artists such as Ed Sheeran and Dua Lipa, said finance head and Chief Operating Officer Armin Zerza has decided to step down for personal reasons, effective immediately. Here are some more details: • Chief Accounting Officer Lou Dickler named a
Federal Communications Commission Chairman Brendan Carr on Friday defended his agency’s recent actions against ABC, saying broadcasters have a duty to “operate in the public interest” and the FCC is merely trying to restore that standard. Broadcasters like ABC, Carr said in an interview on the Fox B
WASHINGTON, July 31 (Reuters) – U.S. Federal Reserve Chairman Kevin Warsh at this week’s interest-rate-setting meeting raised the idea of reducing the number of the Fed’s regularly scheduled meetings where it sets monetary policy, the New York Times reported on Friday. The move, if adopted, would br
The Trump administration wants to make sure that the Mexican train crews who haul freight over the border can understand key safety safety information in English and that the common practice of using foreign crews to cross into America doesn’t threaten U.S. jobs. Two major rail unions praised the pr
By Karen Freifeld WASHINGTON, July 31 (Reuters) – The United States on Friday banned imports from 43 more companies over alleged human rights abuses of Uyghur and other minority groups, including Hunan Aihua Group, one of China’s largest capacitor manufacturers, according to a government posting. Th
WASHINGTON, July 31 (Reuters) – The top U.S. derivatives regulator said on Friday it had ordered former Republican Representative George Santos to pay $35,000 for alleged manipulative trading. Santos, who was expelled from the House of Representatives in 2023, traded event contracts earlier this yea
BELGRADE, July 31 (Reuters) – hold Serbia secured another sanctions waiver from the United States for its Russian-owned oil company NIS, energy minister Dubravka Djedovic Handanovic said on Friday, allowing the firm that supplies most of the country’s fuel demand to continue importing crude oil unti
GENEVA (AP) — Gianni Infantino truly looked the “King of Soccer,” as U.S. President Donald Trump likes to call him, as the two allies sat together watching the World Cup final less than two weeks ago. Sure, there were some boos inside MetLife Stadium near New York, when the two men walked across the
July 31 (Reuters) – Private equity firm KKR is nearing a takeover of medical device outsourcing company Integer Holdings, the Wall Street Journal reported on Friday, citing people familiar with the matter. Shares of the Plano, Texas-based firm closed more than 20% higher. The offer of $127 per share
By Jonathan Stempel July 31 (Reuters) – Amazon.com was sued on Friday by consumers who accused the retailer of misrepresenting the environmental benefits of seafood sold on its platform, a practice known as greenwashing. In a proposed class action in Seattle federal court, consumers said labels cont
July 31 (Reuters) – Canada’s WestJet said on Friday it has begun parking Boeing 737 planes as negotiations with flight attendants have not resulted in an agreement, which could lead to labor disruptions. Cabin crew at the Calgary-based carrier, owned by Onex Corp, could strike as early as August 2 a
SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom and his wife made between $1.7 million and $2 million annually from 2022 through 2024, and they paid about half a million a year in federal and state taxes, according to tax returns released by his office. The Democrat’s office released more tha
July 31 (Reuters) – Saipem said on Friday that all applicable waiting periods under the U.S. Hart-Scott-Rodino antitrust law had expired for its planned merger with its Norwegian peer Subsea7. The companies are now allowed to complete the transaction in the United States, although the merger remains
