Barclays suffers loss of $1.6 billion on Africa sale, CEO Staley says feels ‘good about next chapter’

U.K. lender Barclays reported a net loss of £1.21 billion ($1.58 billion) loss for the first half of 2017, hit by the fall in sterling, a charge from the mis-selling of payment protection insurance and a loss from the sale of its Africa unit. This is a breaking...

Consumers, businesses likely spurred U.S. economic pickup in second quarter

WASHINGTON (Reuters) – The U.S. economy likely accelerated in the second quarter as consumers ramped up spending and businesses invested more on equipment, which would confirm that the sluggish performance early in the year was temporary. Gross domestic product...