8 is enough: Federer gets record-breaking Wimbledon title

Didn't pay your Macy's bill? Expect a text from Citigroup

Didn't pay your Macy's bill? Expect a text from Citigroup

The trouble for lenders like Citigroup Inc is that the debt is actually owed to them. Citigroup, the fourth-largest U.S. bank by assets, said on Friday that it is having trouble collecting on store-branded cards, which is leading to higher losses. To reverse that trend, the bank has been stepping up its outreach to shoppers who finance purchases from chains like Macy's and Sears with Citigroup store-brand credit cards which the bank has stood behind for more than a decade.


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China property investment, sales ease in second quarter but remain resilient to curbs

China's real estate investment growth slowed slightly in the second quarter from the first, suggesting government curbs to rein in the red-hot property market are starting to hit speculators even though underlying demand remains resilient. Growth in property investment, which mainly focuses on residential but also includes commercial and office space, eased to 8.2 percent in April-June from a year earlier, compared to a 9.1 percent expansion in the first three months of the year, according to Reuters calculations based on data from the National Bureau of Statistics (NBS). Real estate investment is a major driver of the economy affecting more than 40 other sectors.


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Oil prices firm on signs of U.S. production slowdown

Oil prices firm on signs of U.S. production slowdown

Brent crude futures, the international benchmark for oil prices, were at $49.08 per barrel at 0126 GMT, up 17 cents, or 0.35 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $46.70 per barrel, up 16 cents, or 0.34 percent. Traders and analysts said the rising prices were a result of strong demand as well as signs that a relentless climb in U.S. oil production was slowing down.


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