By Luc Cohen NEW YORK (Reuters) -A U.S. judge on Monday rejected former President Donald Trump’s request to delay a scheduled April 25 trial over whether he defamed former Elle magazine columnist E. Jean Carroll by denying he raped her. Last week, Trump’s lawyers urged U.S. District Judge Lewis Kaplan in federal court in Manhattan…
DUBLIN (Reuters) – Ryanair does not expect to see major disruption this summer on account of Boeing’s decision to halt deliveries of 737 MAX jets over quality issues, a senior executive told Irish broadcaster RTE on Monday. The Irish airline in a statement on Friday said it was assessing with Boeing how the issue, related…
HONG KONG/LONDON (Reuters) – HSBC’s biggest shareholder Ping An is likely to vote in favour of splitting the bank up at its annual investor meeting on May 5, a source familiar with the Chinese insurer’s thinking said on Monday. The source said Ping An would vote in favour of two resolutions tabled by individual investor…
By Shaloo Shrivastava BENGALURU (Reuters) – The Bank of England likely has one more hike in its tightening cycle but it was a close call for a final quarter-point rate lift in May, according to a Reuters poll of economists who said the bigger risk was inflation being higher than they expect. Even though the…
(Corrects deposit figures in paragraph 6 to “billion” from “million”) (Reuters) -Charles Schwab Corp beat first-quarter profit estimates as rate hikes by the Federal Reserve boosted the financial services provider’s interest income, even as it struggled with a decline in deposits from the U.S. banking crisis last month. The company’s shares were last down 1.5%…
By Oliver Hirt ZURICH (Reuters) – The Swiss government has awarded an advisory mandate worth up to 8.7 million Swiss francs ($9.70 million) to Alvarez & Marsal Switzerland, linked to the rescue of Credit Suisse, according to state procurement platform Simap.ch on Monday. Swiss authorities last month engineered a takeover of struggling Credit Suisse by…
FRANKFURT (Reuters) – Germany’s crude oil imports rose 8.5% in 2022 as Europe’s biggest economy recovered from the COVID-19 pandemic and the bill for its purchases soared as oil prices surged, official data showed on Monday. Russia remained Germany’s biggest supplier but its share dropped to 25.4% from 34.1% in 2021, statistics issued by the…
WASHINGTON (Reuters) – The New York Federal Reserve said on Monday its barometer of manufacturing activity in New York State increased for the first time in five months in April as measures of new orders and shipments surged. The regional Fed’s “Empire State” index on current business conditions jumped 35.4 points to a reading of…
(Reuters) – Merck & Co expects a research-and-development charge of about $10.3 billion, or $4 per share, this year as the drugmaker accounts its deal for Prometheus Biosciences Inc as an asset acquisition, CFO Caroline Litchfield said. The deal is expected to hit Merck’s profit by 25 cents per share in the first 12 months,…
By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Monday declined to hear a bid by Sanofi SA to revive its antitrust lawsuit accusing rival pharmaceutical company Viatris Inc of illegally monopolizing the market with its EpiPen auto-injector, a device used to treat severe allergic reactions. The justices turned away Sanofi’s appeal of a…
