BERLIN (Reuters) – A weak economy and high interest rates caused many German companies to slide into insolvency at the end of 2023, the German statistics office said on Friday. The number of insolvencies filed rose by 12.3% in December compared to the same month in the previous year, the office said. “Double-digit year-on-year growth …
German insolvencies increased significantly at the end of 2023 Read More »
ZURICH (Reuters) – UBS has nominated Australian financial executive Gail Kelly to its board, the Swiss bank said on Friday, highlighting her experience of navigating banking mergers. The appointment could prove helpful to UBS, which is currently integrating Credit Suisse following its takeover last year. Kelly, who was a senior global adviser to UBS from …
UBS nominates Australian banking executive to board Read More »
By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Aviation Administration is launching a formal investigation into the Boeing 737 MAX 9 after a cabin panel blew off an Alaska Airlines flight last week in mid-air, forcing an emergency landing, the regulator said on Thursday. The FAA on Saturday grounded 171 Boeing MAX jets with the …
US FAA launches probe of Boeing 737 MAX 9 after mid-air panel incident Read More »
(Reuters) – European shares gained at open on Friday as investors overlooked an escalation in the conflict in the Middle East and cheered interest rate cut prospects from the European Central Bank (ECB), while shares of Airbus rose on record annual jet orders. The pan-European STOXX 600 was up 0.9% by 8:16 GMT, and on …
European shares gain on rate-cut cheer, Airbus rises Read More »
By Hannah Lang, Suzanne McGee and Manya Saini (Reuters) – U.S.-listed bitcoin exchange-traded funds (ETFs) saw $4.6 billion worth of shares trade hands as of Thursday afternoon, according to LSEG data, as investors jumped into the landmark products approved by the U.S. securities regulator on Wednesday. The products mark a watershed moment for the cryptocurrency …
US bitcoin ETFs see $4.6B in volume in first day of trading Read More »
(Reuters) -Swiss drugmaker Novartis has backed away from its pursuit of Cytokinetics, a person familiar with the matter told Reuters, and the U.S. drug developer’s shares were down over 21% in afternoon trade. While the stock was down in the morning, it fell further after the Wall Street Journal first reported that the talks between …
(Reuters) – Italy’s government could put the former Ilva steel business under special administration, Industry Minister Adolfo Urso told Reuters on Thursday, after its main shareholder ArcelorMittal rejected a state-backed plan to keep the group afloat. The standoff over Acciaierie d’Italia (ADI), as the company is now known, is a major headache for Prime Minister …
Factbox: ArcelorMittal’s Italian business runs into legal and financial woes – again Read More »
By Greta Rosen Fondahn (Reuters) -A.P. Moller-Maersk will use trains to avoid the drought-hit Panama Canal for some of its vessels, the Danish shipping giant said as low water levels have caused one of the world’s main maritime trade routes to reduce crossings. The workaround comes as vessel owners also are rerouting ships to avoid …
Maersk to use rail for some vessels to bypass Panama Canal amid drought Read More »
By Curtis Williams HOUSTON (Reuters) -Venture Global LNG has told a U.S. regulator that it cannot meet contracts to provide liquefied natural gas (LNG) cargoes to several major customers because its export plant is not yet ready to meet three criteria in the contracts, according to a letter to the Federal Energy Regulatory Commission (FERC). …
Venture Global LNG explains to US regulator its failure to sell commercial cargoes Read More »
By Joanna Plucinska, Dagmarah Mackos and Tim Hepher (Reuters) -Airbus reported record annual jet orders and confirmed an 11% rise in 2023 deliveries on Thursday, maintaining the top manufacturing spot against rival Boeing for a fifth year. As airlines scrambled to renew fleets last year, Airbus said it had won 2,319 gross orders and 2,094 …
Airbus lands record orders in 2023, beats Boeing on deliveries Read More »
