(Reuters) – Russia’s economy will begin stabilising in its “new equilibrium” closer to the end of this year after beginning to go through a structural transformation in the second and third quarters, the central bank said in a report on Wednesday. “Although monetary policy conditions have changed significantly, price stability remains the unconditional priority of…
By Eric M. Johnson and Aishwarya Nair SEATTLE (Reuters) – Boeing Co said on Wednesday it would study an equity raise after unlocking deliveries of its 787 and returning its cash-cow 737 MAX to service in China, but flagged supply chain risks amid broader certification and industrial problems. Resuming deliveries of 787 Dreamliners and clearing…
By Manas Mishra (Reuters) – Pfizer Inc’s $11.6 billion deal for migraine specialist Biohaven Pharmaceutical has kindled expectations on Wall Street that it may usher in more buyouts as cash-flush drugmakers look to snap up beaten-down smaller biotechs. The deal, announced on Tuesday, is the biggest in the sector so far this year and ends…
ZURICH (Reuters) – Insurer Axa and consumer goods group Unilever plan to invest 100 million euros each into a new 1 billion euro ($1.06 billion) regenerative agriculture fund to be managed by Tikehau Capital, the three groups said on Wednesday. The companies each aim to invest 100 million euros into the fund. They said they…
LONDON (AP) — Google said Wednesday that it struck licensing deals with 300 news publishers in Europe in its latest effort to comply with a recently introduced European Union copyright law. The tech giant signed the agreements with national, local and specialist news publications in Germany, Hungary, France, Austria, the Netherlands and Ireland and said…
By Eric M. Johnson and Aishwarya Nair SEATTLE (Reuters) -Boeing Co said on Wednesday that supply chain disruptions slowed production and deliveries of its 737 MAX cash-cow narrowbody plane in recent weeks, but it does not see its overall plan for the year being disrupted. The U.S. planemaker also said China was close to clearing…
By Gabriel Araujo and Andre Romani SAO PAULO (Reuters) -Brazilian carrier Gol Linhas Aereas Inteligentes SA and Colombia’s Avianca said on Wednesday they were combining under the roof of a common holding company, signaling a move toward post-pandemic Latin American airline consolidation. The holding company, called Abra Group, will be jointly controlled by the principal…
NEW YORK (AP) — Kohl’s shareholders rejected all 10 board nominees pushed by activist investor Macellum Advisors and instead voted in support of the existing board. The department store said Wednesday that shareholders have voted to re-elect all 13 of its director nominees, according to a preliminary tally at its shareholders’ meeting. Kohl’s did not…
By Marcela Ayres BRASILIA (Reuters) -Brazil’s inflation slowed in April but still posted the steepest rise for the month in 26 years, pushing the 12-month figure to over 12% amid continued pressures on food and fuel, official figures showed on Wednesday. Consumer prices as measured by the benchmark IPCA index rose 1.06% in April, slightly…
Kendall Nunamaker and her family of five in Kennewick, Washington, faced impossible math this month: How to pay for gas, groceries and the mortgage with inflation driving up prices? Like many other working families, the Nunamakers are grappling with the 8.3% inflation in the consumer price index in April announced Wednesday — slowing slightly from…
