By Michael Kahn (Reuters) -Finland’s national carrier Finnair posted a deeper-than-expected quarterly loss on Tuesday, and said the Ukraine war and lingering impact of the pandemic would keep the company in the red for a third straight year in 2022. The company said in the second quarter to end June it operated at just 64% …
Finnair steers toward third straight yearly loss, shares fall Read More »
By Jamie Freed COPENHAGEN/STOCKHOLM (Reuters) – SAS and pilot unions have reached a wage deal, the Scandinavian airline confirmed on Tuesday, ending a 15-day strike over a new collective bargaining agreement that had grounded 3,700 flights and put the carrier’s future in doubt. Shares in SAS rose more than 12% in early morning trade. They …
SAS confirms deal reached with pilots’ unions, ending 15-day strike Read More »
(Reuters) – Petra Diamonds on Tuesday reported a 44% jump in full-year revenue to $585.2 million, driven by higher gem prices, an increase in exceptional stones and record jewellery demand in the United States. The company, which operates three mines in South Africa and one in Tanzania, sold 11% fewer diamonds in the year ended …
Petra Diamonds annual revenue up 44% on U.S. demand for gems Read More »
SAN FRANCISCO (Reuters) -Proxy advisory firm Institutional Shareholder Services (ISS) recommended on Monday that Tesla Inc investors vote against the re-election of two of its board members, Ira Ehrenpreis and Kathleen Wilson-Thompson. ISS cited concerns about “the board’s risk oversight in light of the pledging (as collateral) of a significant amount of the company’s stock …
Tesla investors should vote against 2 board members’ re-election – ISS Read More »
A look at the day ahead in markets from Sujata Rao Much of the inflationary heat across the developed world has been generated by labour shortages. But of late, a raft of U.S. corporations — Meta, Tesla, Apple and Goldman Sachs among them — have warned they will slow hiring. The warnings tanked Wall Street …
By David Henry NEW YORK (Reuters) – Big U.S. banks say net interest income, a key source of revenue, will continue to grow this year as interest rates rise, helping to buffer their bottom lines against declines in other key areas of the business. Investors and analysts have been closely tracking banks’ net interest income, …
U.S. banks boost outlook for net interest income amid Fed rate rises Read More »
By David Lawder WASHINGTON (Reuters) -The U.S. International Trade Commission revoked hefty anti-dumping and anti-subsidy duties on urea ammonium nitrate fertilizers from Russia and Trinidad and Tobago on Monday, concluding that those imports did not hurt American producers. The panel’s vote may help ease shortages and price increases for fertilizers brought on by Russia’s invasion …
U.S. panel rejects duties on fertilizers from Russia, Trinidad and Tobago Read More »
By Dan Burns (Reuters) – U.S. home builder sentiment plummeted in July to its lowest level since the early months of the coronavirus pandemic, as high inflation and the steepest borrowing costs in more than a decade brought customer traffic to a near standstill. At the same time, a gauge of activity in the services …
U.S. home builder sentiment plunges, services activity in New York region stalls Read More »
By Elizabeth Dilts Marshall NEW YORK (Reuters) – U.S. bank executives said they’re optimistic on loan growth as demand for borrowing from retail and business customers bounced back in the second quarter from the lows of the pandemic, but warned demand could weaken later this year if the worsening economic outlook starts to hurt consumer …
Big U.S. banks see loan growth slowing as outlook for demand, economy darkens Read More »
(Reuters) – U.S. equity funds witnessed a record erosion in their net assets in the second quarter of this year, as stocks slumped due to soaring inflation and rising expectations of aggressive rate hikes by major central banks. Data from Refinitiv Lipper showed U.S. equity funds’ net assets shrank by $2.1 trillion to $9.2 trillion …
U.S. equity funds’ net assets shrank by $2 trillion in second quarter Read More »
