Author Archives: Syndicated Content
CIBC posts lower third-quarter profit as bad loan provisions rise
(Reuters) - Canadian Imperial Bank of Commerce reported a decline in third-quarter profit on Thursday as the bank set aside more funds for bad loans to cover for borrowers struggling to repay their de...
Aug 31, 2023
Private equity owners of Procare Solutions explore sale of software maker-sources
By Milana Vinn NEW YORK (Reuters) - The private equity owners of Procare Solutions are exploring a sale that could value the child-care management software provider at nearly $2 billion, including deb...
Aug 31, 2023
Kremlin denies that Russia is causing hunger in Africa
MOSCOW (Reuters) - The Kremlin said on Thursday that Russia remained a reliable supplier of grain despite obstacles created by Western countries, and that food shortages in Africa were nothing to do w...
Aug 31, 2023
Soccer-Chelsea's Lukaku makes loan move to Roma
(Reuters) - Chelsea's Belgium striker Romelu Lukaku has joined Serie A side AS Roma on a season-long loan, both clubs said on Thursday. The loan fee was not disclosed but Italian media valued the deal...
Aug 31, 2023
AI startup Speak raises $16 million in latest funding led by Lachy Groom
(Reuters) - Speak, an artificial intelligence (AI)-backed English language learning platform, said on Thursday that it has raised $16 million in fresh funding led by venture capitalist Lachy Groom. Th...
Aug 31, 2023
Special Report-Inside the downfall of embattled property developer China Evergrande
By Engen Tham, Julie Zhu and Clare Jim SHANGHAI/HONG KONG - In the beginning, Hui Ka Yan followed a simple formula. Borrow to buy land. Sell homes on the site before they are built. Use the cash to pa...
Aug 31, 2023
India gets record low August rains- weather department
MUMBAI (Reuters) - India witnessed the driest August in more than a century as the country received 36% less rainfall than normal in 2023, according to data compiled by the India Meteorological Depart...
Aug 31, 2023
Robot invasion slows in the face of weaker US economy, high interest rates
By Timothy Aeppel (Reuters) - Even a robot invasion can't beat a slowing economy. Companies in North America sharply cut orders for the high-tech machines in the second quarter, according to data comp...
Aug 31, 2023
Germany home prices to fall in 2023 but rents to keep rising - Reuters poll
By Indradip Ghosh BENGALURU (Reuters) - Home prices in Germany will fall by more than 5% this year and stagnate in 2024, according to property analysts polled by Reuters who said rents will become eve...
Aug 31, 2023
Medical equipment firm Rotech Healthcare explores sale - sources
By David Carnevali NEW YORK (Reuters) - Rotech Healthcare Inc is exploring a possible sale that could value the provider of home medical equipment at $1.5 billion or more, including debt, according to...
Aug 31, 2023
