By Paul Sandle LONDON (Reuters) -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 optimism after the shadow of Omicron lifts. Its chief executive Johan Lundgren said bookings jumped in Britain when restrictions were reduced earlier this month…
BANGKOK (AP) — Australia’s Woodside Petroleum is withdrawing from projects in strife-torn Myanmar, following a similar decision last week by Total and Chevron. Woodside put all its Myanmar activities under review after the military seized power a year ago, deposing the elected government of Aung San Suu Kyi and triggering mass public protests that security…
By Tom Sims and Frank Siebelt FRANKFURT (Reuters) -Deutsche Bank capped its most profitable year in a decade on the back of a dealmaking boom, strengthening Chief Executive Christian Sewing’s hand as he prepares to lay out a new strategy and targets for the years ahead in March. The surprise finale — analysts had been…
BEIJING (Reuters) -Oil prices fell on Thursday as the U.S. dollar strengthened following signs that the Federal Reserve will tighten monetary policy soon in the world’s biggest oil user. Futures pulled back amid a broader decline in financial markets after the Fed telegraphed a March interest rate increase and as the dollar climbed against its…
LONDON (Reuters) – Diageo, the maker of Johnnie Walker whisky and Tanqueray gin, on Thursday said that first-half sales rose 15.8% as more consumers bought high-end spirits and bars increased orders as they reopened after coronavirus lockdowns. (Reporting by Richa Naidu; Editing by David Goodman)
(Reuters) – Meta Platforms Inc’s digital currency venture Diem Association is winding down and selling its technology to California-based Silvergate Capital Corp for about $200 million, the Wall Street Journal reported on Wednesday, citing a person familiar with the matter. Meta, formerly Facebook Inc, first unveiled plans for Diem, known as Libra earlier, in June…
FRANKFURT (Reuters) -Deutsche Bank nearly tripled its fourth-quarter profit, defying expectations for a loss, as revenues at the investment bank rose. The net profit attributable to shareholders was 145 million euros ($162.62 million) in the three months ending Dec. 31, figures published on Thursday showed. That compares with a profit of 51 million euros a…
BEIJING (AP) — Asian stock markets were mixed Friday as traders looked ahead to data on U.S. employment costs that might influence Federal Reserve decisions on planned interest rate hikes. Tokyo and Seoul advanced while Shanghai and Hong Kong declined. Wall Street fell for a third day Thursday after the U.S. government reported the economy…
By Clare Jim HONG KONG (Reuters) -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 concerns higher interest rates would raise financing costs. Regulatory curbs on borrowing have driven China’s property sector into crisis, highlighted by Evergrande, the world’s…
RALEIGH, N.C. (AP) — A Colorado-based aviation company announced Wednesday that it has chosen a North Carolina airport as the manufacturing site for next-generation supersonic passenger jets. If successful, the investment could create more than 2,000 jobs in the region over the next decade while cutting flight times significantly for a post-Concorde generation of air…
