By Victoria Klesty and Essi Lehto STOCKHOLM/OSLO (Reuters) – Embattled Scandinavian airline SAS and unions representing pilots will resume negotiations on Wednesday to try and agree a new labour deal to end a one-week strike, union representatives and a mediator said. SAS has cancelled more than 1,200 flights since July 4 when talks with many …
SAS and pilot unions to resume talks Wednesday, unions say Read More »
By Victoria Klesty OSLO (Reuters) -Norway’s biggest lender DNB on Tuesday reported quarterly earnings above forecasts, supported by interest rate hikes and strong business activity across Norway which the bank said it expected to continue. Net profit rose to 7.79 billion crowns ($761.4 million) for the April to June quarter from 6.43 billion a year …
Norway’s DNB Q2 beat forecasts on the back of rate hikes Read More »
(Reuters) -French carmaker Renault said car sales plunged 30% in the first half of 2022 after shutting down activities in Russia, one of the first Western auto manufacturers to lay bare the damage of losing a key market in the wake of the Ukraine war. Renault, the Western carmaker most exposed to the Russian market, …
Renault first-half sales volume slumps 30% after Russia exit Read More »
SINGAPORE (Reuters) – Singapore’s Temasek Holdings posted a nearly 6% increase in its portfolio value to a record S$403 billion ($286.5 billion) in the year to March 2022, powered by gains in its unlisted companies and Singapore-based firms. The latest increase came after the investment firm also reported a record rise in its portfolio value …
Temasek reports record portfolio value, sees slowdown in investments Read More »
TOKYO (Reuters) – U.S. Treasury Secretary Janet Yellen and Japanese Finance Minister Shunichi Suzuki agreed on Tuesday to further strengthen bilateral ties and work together to address rising food and energy prices exacerbated by Russia’s war in Ukraine. They said the war had increased exchange rate volatility, which could have adverse implications for economic and …
U.S., Japan agree to address Ukraine war-driven FX volatility, economic challenges Read More »
A look at the day ahead in markets from Saikat Chatterjee. “The Goldilocks option is now off the table,” Blackrock, the world’s biggest asset manager, screamed in its midyear outlook, referring to the environmment which for years sustained a thriving bull market in equities and bonds. As global central banks raise interest rates aggressively to …
By Jonathan Stempel (Reuters) -A federal judge said Subway can be sued for allegedly deceiving customers about its tuna products, including a claim it uses other fish species, chicken, pork and cattle instead of the advertised “100% tuna.” U.S. District Judge Jon Tigar in San Francisco called it premature to accept Subway’s argument that any …
Subway can be sued over its tuna, U.S. judge rules Read More »
(Reuters) -Gap Inc said on Monday Chief Executive Officer Sonia Syngal would step down. Current Executive Chairman Bob Martin will serve as interim CEO, effective immediately, the apparel maker said. Shares of the company fell about 3% to $8.50 in extended trading, after it also forecast second-quarter revenue would decline in the high-single-digit range. It …
By Stephen Culp NEW YORK (Reuters) – U.S. stocks lost ground on Monday as a lack of catalysts left market participants warily embarking on a week back-end loaded with crucial inflation data and the unofficial beginning to second-quarter earnings season. Market leading growth stocks pulled all three major U.S. stock indexes into negative territory, with …
Wall Street ends lower ahead of economic data, earnings Read More »
WASHINGTON (Reuters) -Recent inflation data “has not been as encouraging as I would have liked,” Atlanta Fed president Raphael Bostic said on Monday, saying that the lack of month-to-month improvement in the pace of price increases warrants another 0.75 percentage point increase in the federal funds rate when policymakers meet later this month. “The data …
Bostic: Recent inflation data not as encouraging as hoped Read More »
