2022

SYDNEY (Reuters) -Qantas Airways Ltd will cut domestic capacity by 10 more percentage points, to 60% of pre-pandemic levels, in the March quarter after the state of Western Australia indefinitely delayed opening its border, the carrier said on Friday. The opening planned for Feb. 5, was cancelled https://www.reuters.com/world/western-australia-state-stay-shut-omicron-stalks-east-2022-01-20 late on Thursday, with authorities in Western…

SHANGHAI (Reuters) – China must prevent and defuse the risk of external shocks this year while strengthening macro-prudential management and guiding market expectations, the country’s foreign exchange regulator said on Friday. The comments come as the U.S. Federal Reserve is widely expected to start hiking interest rates as early as March, while its Chinese counterpart…

By Poppy McPherson and Fanny Potkin BANGKOK (Reuters) -Lebanon’s M1 Group will partner with a Myanmar firm to take over Norwegian telco Telenor’s business in the Southeast Asian country after its military junta sought a local buyer, three sources familiar with the matter told Reuters. Telenor https://www.reuters.com/business/media-telecom/telenor-sells-myanmar-operations-m1-group-105-mln-2021-07-08, one of the biggest foreign investors in Myanmar,…

By Brenda Goh and Clare Jim SHANGHAI/HONG KONG (Reuters) -China Evergrande Group said on Friday that it was hiring more financial and legal advisers to help it with demands from creditors, after a key group of its international creditors threatened to take legal action if it did not show more urgency to resolve a default….

(Reuters) – Intel Corp is committing $20 billion to build a manufacturing mega-site in New Albany, on the outskirts of Columbus, Ohio, Time reported on Thursday. (Reporting by Akriti Sharma in Bengaluru; Editing by Shounak Dasgupta)

By Yuka Obayashi TOKYO (Reuters) – Oil prices plunged on Friday, after rising to seven-year highs this week, as an increase in U.S. crude and fuel stockpiles prompted investors to take profits from the rally. Brent crude futures dropped $2.46, or 2.8%, to $85.92 a barrel by 0136 GMT. The contract earlier fell by as…

By Svea Herbst-Bayliss BOSTON (Reuters) – Galaxy Digital Holdings Ltd, a crypto-oriented financial services firm, on Thursday said it hired an executive from asset management giant Blackstone Group to help grow its business and expand product offerings. William Burt, a former managing director at Blackstone, joined Galaxy Digital as chief operating officer of Galaxy Digital…

By Lisa Richwine LOS ANGELES (Reuters) -Netflix Inc dashed hopes for a quick rebound after forecasting weak first-quarter subscriber growth on Thursday, sending shares sinking nearly 20% and wiping away most of its remaining pandemic-fueled gains from 2020. The world’s largest streaming service projected it would add 2.5 million customers from January through March, less…

(Reuters) – Deutsche Bank AG has hired John Arena from Bank of America to help structure art loans for ultra-rich individuals in the Americas, according to an internal memo on Thursday seen by Reuters. Fine-art lending programs are a wealth-planning strategy designed to help individuals looking to fund an investment in fine art or make…