BEIJING – Hainan Airlines expects to return to net profit for last year following restructuring and a pickup in domestic travel, the carrier said on Thursday. The airline expects to …
Reuters
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Analysis-Biden’s next Supreme Court nominee not likely to change its rightward push
by Reutersby ReutersBy Lawrence Hurley, Andrew Chung and Jason Lange WASHINGTON – President Joe Biden can make history by appointing the first Black woman to the U.S. Supreme Court to succeed the …
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Factbox-How the SEC is cracking down on the equity market after GameStop saga
by Reutersby ReutersBy John McCrank and Katanga Johnson WASHINGTON – A year after the “meme stock” rally humbled hedge funds and roiled Wall Street, the U.S. Securities and Exchange Commission (SEC) is …
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Goodbye, Mr. Gradual, Hello Mr. Nimble: Fed Chair Powell tears up rate-hike script
by Reutersby ReutersBy Ann Saphir and Lindsay Dunsmuir -The watchword the last time Federal Reserve Chair Jerome Powell oversaw a rate-hiking cycle was “gradual.” This time will be different. “We are going …
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By Aditi Shah NEW DELHI – India’s Tata Group took control of state-run carrier Air India on Thursday, finalising a $2.4 billion deal to regain ownership of the airline after …
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By Mathieu Rosemain PARIS -French-Italian chipmaker STMicroelectronics plans to double its investments this year to up to $3.6 billion, buoyed by high demand that drove its earnings to beat expectations …
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Russia likely to stay on diplomatic track for next two weeks – Ukraine
by Reutersby ReutersBy Nikolaj Skydsgaard COPENHAGEN -Russia is likely to remain on a diplomatic track with Kyiv and the West for at least two weeks but will continue efforts to destabilise Ukraine, …
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Private sector hiring drives Spanish unemployment to pre-financial crisis levels
by Reutersby ReutersMADRID -Spanish unemployment fell in the fourth quarter to its lowest since the onset of the financial crisis of 2008, data showed on Thursday, as hiring in the farming and …
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Hong Kong Exchange Fund’s 2021 investment income falls 27.7% y/y – HKMA
by Reutersby ReutersHONG KONG -Hong Kong’s Exchange Fund, which is used to back the Hong Kong dollar, posted investment income of HK$170.5 billion ($21.9 billion) in 2021, the Hong Kong Monetary Authority …
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Analysis-Debt fears overshadow China’s infrastructure push to fight economic slowdown
by Reutersby ReutersBy Kevin Yao BEIJING – China is counting on revived infrastructure spending to support its slowing economy, but controls over local government debt risks and falling investment returns could hamper …
- US and World News
Explainer-What are NATO’s next steps if Russia invades Ukraine?
by Reutersby ReutersBy Robin Emmott BRUSSELS – NATO allies are putting forces on standby https://www.reuters.com/world/europe/nato-sends-ships-jets-eastern-europe-ukraine-crisis-2022-01-24 and sending reinforcements to eastern Europe in response to Russia’s buildup of more than 100,000 troops on …
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BRUSSELS -The European Union launched a challenge at the World Trade Organization on Thursday accusing China of discriminatory trade practices against Lithuania that it says threaten the integrity of the …
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By Victoria Klesty OSLO -Norway’s sovereign wealth fund, the world’s largest, earned a return on investment of 1.58 trillion Norwegian crowns ($177 billion) last year, the second highest on record, …
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By Paul Sandle LONDON -Britain’s easyJet said the easing of travel restrictions had spurred demand for summer beach destinations such as Greece, Turkey and Spain, giving the airline cause for …
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By Supantha Mukherjee and Nadine Schimroszik STOCKHOLM/BERLIN -SAP said on Thursday it has agreed to buy a majority stake in privately held U.S. fintech firm Taulia as the German business …
- Business News
Spain’s Sabadell expects to hit profitability target a year early
by Reutersby ReutersBy Jesús Aguado MADRID -Spain’s Banco Sabadell expects to hit its 6% profitability target a year early, it said on Thursday after posting better than forecast quarterly and annual profit …
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By Jeanny Kao and Meg Shen TAIPEI -Taiwan’s economy grew last year at its fastest pace in more than a decade, driven by strong tech exports during the COVID-19 pandemic …
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BRUSSELS -The World Trade Organization authorised China on Wednesday to impose $645 million of compensatory tariffs against the United States, a ruling that was immediately blasted by Washington. China went …
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By David Randall and Tommy Wilkes NEW YORK/LONDON -Those clinging to a decade-old belief that the Fed will mount a rescue of tanking stock markets with a last-minute pushback on …
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China property shares slump as planned U.S. rate hike adds to woes
by Reutersby ReutersBy Clare Jim HONG KONG -China Evergrande Group shares slumped on Thursday after the developer’s thinly detailed roadmap for restructuring left investors dissatisfied and its indebted peers also fell on …
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By Richa Naidu LONDON -Drinks group Diageo on Thursday reported first-half sales up nearly 16%, buoyed by high-end spirits for home use while bars increased orders as they reopened after …
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NBA-Statue of Kobe and Gigi Bryant placed at crash site on anniversary
by Reutersby ReutersBy Rory Carroll CALABASAS, Calif. – A sculpture of NBA great Kobe Bryant and his daughter Gianna “Gigi” Bryant was brought on Wednesday to the helicopter crash site where they …
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San Jose votes to be first U.S. city to mandate gun liability insurance
by Reutersby ReutersBy Nathan Frandino and Steve Gorman SAN JOSE, Calif. -Gun owners in San Jose, California, would be required to carry insurance coverage for their weapons and pay an annual “harm …
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LG Energy Solution becomes S.Korea’s No.2 firm in stellar stock debut
by Reutersby ReutersBy Heekyong Yang and Jihoon Lee SEOUL -LG Energy Solution Ltd (LGES) on Thursday saw its stock price soar 68% on its trading debut following a record IPO, catapulting the …
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By Lawrence White and Iain Withers LONDON – Replenished firepower and higher interest rates will give Europe’s banks an ideal opportunity this year to reverse recent underperformance and claw back …