NEW YORK (Reuters) - Foreclosure starts rose year-over-year in May for the first time in more than two years - though they fell on a month-to-month basis - as banks resumed dealing with distressed properties after a mortgage abuse settlement earlier this year, data firm RealtyTrac said on Thursday.
Reuters
India's May inflation picks up ahead of expected rate cut
NEW DELHI (Reuters) - India's benchmark inflation rose in May to 7.55 percent, keeping price pressures elevated and making it harder for the central bank to revive economic growth with a widely expected interest rate cut next week.
Nokia to cut 10,000 jobs after weak second quarter
PARIS (Reuters) - Loss-making Finnish cellphone maker Nokia plans to cut another 10,000 jobs globally in its biggest revamp in recent history, while it warned the second-quarter loss from its cellphone business would be larger than expected.
Deutsche Bank not planning job cuts at Asia investment bank
FRANKFURT (Reuters) - Deutsche Bank's finance chief said there were no plans for more cost-cutting measures at the investment banking business of Germany's biggest lender in Asia.
