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(Reuters) -The U.S. Federal Reserve could raise interest rates swiftly this year and forge a “stellar” economy ahead if it can pull off a repeat of the success of the central bank’s 1994 tightening cycle, St. Louis Fed President James Bullard said on Monday. “That tightening episode caused some disruption that year,” Bullard said during …

Fed’s Bullard: I hope U.S. economy repeats outcome of 1994’s soft landing Read More »

TORONTO (Reuters) – U.S. Treasury Secretary Janet Yellen said on Monday that once some countries start implementing a global minimum tax on multi-national companies, other countries with a lower corporate tax rate would need to follow along or risk losing tax revenues “When some countries opt into this (minimum corporate tax) and put these taxes …

Countries would implement minimum corporate tax to avoid revenue loss, says Yellen Read More »

TORONTO (Reuters) – Shares in Shaw Communications and Rogers Communications rallied on Monday on expectations that the sale of Shaw’s mobile unit will eventually pave the way for regulatory approval of the Canadian telecom operators’ C$20 billion ($15.4 billion) purchase deal. Late on Friday, Rogers and Shaw agreed to sell Freedom Mobile unit to Quebecor …

Rogers-Shaw deal approval bets rise after mobile unit sale, shares rally Read More »

By Jonathan Stempel (Reuters) – A federal judge ruled that Dairy Queen cannot stop W.B. Mason Co from selling “Blizzard” bottled spring water, the same name the unit of Warren Buffett’s Berkshire Hathaway Inc uses for a popular ice cream product. In a 217-page decision made public on Friday, U.S. District Judge Susan Richard Nelson …

Buffett’s Dairy Queen loses lawsuit over ‘Blizzard’ name Read More »

DOHA (Reuters) – The head of the world’s biggest airline trade body said on Monday that he remains confident that the industry will return to profitability in 2023, even though there may still be a disconnect between capacity and demand until the first quarter. Speaking on a panel in Doha, International Air Transport Association (IATA) …

Head of airlines group IATA confident industry will return to profitability in 2023 Read More »

By Shashwat Awasthi (Reuters) – Australia’s big three miners were on track to lose more than A$16 billion ($11.12 billion) in combined market value on Monday at current levels, as a commodities selloff over easing China demand and fears of a global recession deepened. Rio Tinto’s Australia-listed shares were set to shed nearly A$2 billion …

Top three Aussie miners to shed $11 billion in market value as commodity rout accelerates Read More »

By Tim Hepher DOHA (Reuters) -Airbus is in discussions with Qatar Airways to try to resolve a bitter legal and safety dispute over the A350 passenger jet, the planemaker’s chief executive said on Sunday. “There’s progress in the sense that we are communicating; we are working with each other,” Guillaume Faury told Reuters on the …

Airbus CEO says in discussion with Qatar on A350 dispute Read More »

By Alexander Cornwell DOHA (Reuters) – Nigeria is withholding $450 million in revenue international carriers operating in the country have earned, an executive at the world’s largest airlines association said on Sunday. Africa’s largest economy has restricted access to foreign currency for imports and for investors seeking to repatriate their profits as the nation tackles …

Nigeria blocking repatriation of $450 million foreign airline revenue, IATA says Read More »

By Tim Hepher DOHA (Reuters) -Demand for medium-haul jets is recovering as air travel rebounds from the pandemic, and aviation sees tentative signs of an uptick in demand for bigger, wide-body sister models, Airbus Chief Commercial Officer Christian Scherer said. “The (narrow-body) market has really picked up,” Scherer told Reuters, adding Airbus was in discussions …

Airbus exec sees tentative signs of wide-body jet recovery Read More »