U.S. business borrowing for equipment rises in April
May 24 Borrowing by U.S. companies to spend on capital investment rose 8 percent in April, the Equipment Leasing and Finance Association (ELFA) said.
MADRID Feb 28 Spain's Banco Sabadell said late on Tuesday it had agreed to sell its Florida-based retail banking unit to Iberiabank Corp for $1 billion, leaving it with corporate and private banking operations in Miami.
The sale, expected to close in the second half of 2017, will generate a net capital gain of 447 million euros ($473 million) for Sabadell, the bank said in a statement to Spain's stock market regulator. (Reporting by Sarah White, editing by G Crosse)
LONDON, May 24 (Thomson Reuters Foundation) - Taking out insurance to protect against climate risks is the "wrong model" for improving countries' ability to cope and may even be worsening inequality and vulnerability, a leading development charity said on Wednesday.