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U.S. housing starts drop to a nine-month low
News 7 months ago
U.S. housing starts drop to a nine-month low

U.S. homebuilding fell to a nine-month low in June and permits declined for a third straight month, dealing a blow to the housing market as it...

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Exclusive: Canada housing agency pushes for better income checks to catch fraud
News 7 months ago
Exclusive: Canada housing agency pushes for better income checks to catch fraud

Canada's housing agency has asked the country's tax authority to take a "more direct and formal role" verifying income claimed on mortgage...

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Moonwalking: South Korea's wage, hours policies backfire for jobless, low income workers
News 7 months ago
Moonwalking: South Korea's wage, hours policies backfire for jobless, low income workers

President Moon Jae-in wants South Koreans to work less and earn more – and to achieve that his government has hiked the minimum wage and slashed...

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Britain's M&S to cut 351 store jobs
News 7 months ago
Britain's M&S to cut 351 store jobs

British retailer Marks & Spencer said on Monday it would cut 351 jobs at stores across the country, seeking to make savings in a brutally...

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Chipotle CEO plans marketing blitz, closing up to 65 stores
News 7 months ago
Chipotle CEO plans marketing blitz, closing up to 65 stores

(Reuters)- Chipotle Mexican Grill Inc said on Wednesday the chain will shut up to 65 underperforming restaurants and revamp its marketing under...

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Rebound in South powers U.S. new home sales, dampens prices
News 7 months ago
Rebound in South powers U.S. new home sales, dampens prices

WASHINGTON (Reuters)- Sales of new U.S. single-family homes increased more than expected in May as transactions in the South surged to near an 11...

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Casino and L'Oreal team up to launch new beauty stores
News 7 months ago
Casino and L'Oreal team up to launch new beauty stores

PARIS (Reuters)- French supermarket chain Casino and cosmetics group L'Oreal are launching new beauty stores in Paris this weekend, the latest...

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Activist investor Land & Buildings resumes criticism of Hudson's Bay
News 8 months ago
Activist investor Land & Buildings resumes criticism of Hudson's Bay

TORONTO (Reuters)- Activist investor Land & Buildings on Thursday resumed its criticism of department store owner Hudson's Bay Co, urging it to...

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Exclusive: Microsoft takes aim at Amazon with push for checkout-free retail
News 8 months ago
Exclusive: Microsoft takes aim at Amazon with push for checkout-free retail

SAN FRANCISCO (Reuters)- Microsoft Corp is working on technology that would eliminate cashiers and checkout lines from stores, in a nascent...

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Property agents abandon China's resort island as sales plunge on cooling measures
News 8 months ago
Property agents abandon China's resort island as sales plunge on cooling measures

HONG KONG (Reuters)- Tough measures to cool the property market in China's resort island of Hainan have put the brakes on a real estate boom and...

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Blackstone in agreement to acquire Australia's Investa Office Fund for $2.3 billion
News 8 months ago
Blackstone in agreement to acquire Australia's Investa Office Fund for $2.3 billion

(Reuters)- Australia's Investa Office Fund (IOF) and Blackstone Group on Wednesday entered into a scheme implementation agreement through which the...

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JPMorgan sued over Mexican property transfer
News 8 months ago
JPMorgan sued over Mexican property transfer

NEW YORK (Reuters)- A Mexican real estate developer has filed a $1.2 billion lawsuit accusing JPMorgan Chase & Co of fraudulently inducing it to...

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With assembly team and samosas, IKEA lays ground for India debut
News 8 months ago
With assembly team and samosas, IKEA lays ground for India debut

MUMBAI/STOCKHOLM (Reuters)- IKEA is set to open its first store in India next month, and the world's biggest furniture retailer is localizing its...

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NAFTA Demise Fears Fade as U.S. Firms Committed to Mexico: Lobby
News 1 year ago
NAFTA Demise Fears Fade as U.S. Firms Committed to Mexico: Lobby

Frederic Garcia, president of the Executive Council of Global Companies (CEEG), talks during an interview with Reuters in Mexico City, Mexico May...

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