By Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) – The turmoil facing U.S. regional banks has prompted some lenders to step back, leaving space for investors such as asset managers, private equity (PE) funds and insurers to lend more. Non-bank lenders with deep pockets have invested in credit assets for years, but the regional…
By Padraic Halpin DUBLIN (Reuters) – Ryanair aims to boost profit by 10% this year after almost record earnings for its last financial year, CEO Michael O’Leary said on Monday, and it may do better if rival airlines’ “irrationally exuberant” summer fare forecasts are right. Europe’s largest airline by passenger numbers said it expects 10%…
By Mike Scarcella (Reuters) – Microsoft Corp evaded a potential early legal obstacle in its $69 billion deal to acquire “Call of Duty” videogame maker Activision Blizzard Inc, when a U.S. judge on Friday refused to allow gamers in a private suit to preliminarily block the acquisition. The private plaintiffs sued Microsoft in California federal…
PARIS (Reuters) – European Central Bank interest rate hikes are likely to peak out by the end of summer, but the more important issue now is how long rates stay elevated than the exact level, French ECB policymaker Francois Villeroy de Galhau said on Monday. Villeroy said the lag between the ECB’s exceptionally fast rate…
By Padraic Halpin DUBLIN (Reuters) -Meta was hit with a record 1.2 billion euro ($1.3 billion) fine by its lead European Union privacy regulator over its handling of user information and given five months to stop transferring users’ data to the United States. The fine, imposed by Ireland’s Data Protection Commissioner (DPC), came after Meta…
By Maxwell Akalaare Adombila ACCRA (Reuters) -Ghana’s central bank maintained its main interest rate at 29.5% on Monday, saying tight monetary policy and relative exchange rate stability were helping inflation fall. The West African nation, a producer of cocoa, gold and oil, has been grappling with its worst economic crisis in a generation, characterised by…
By Nivedita Balu TORONTO (Reuters) – Canadian banks are expected to report a rise in bad debt provisions and highlight risks from commercial property loans when they report earnings this week, with the country’s No.2 bank TD in focus after its acquisition of First Horizon failed. Bay Street analysts have lowered their second quarter earnings…
By Luis Jaime Acosta BOGOTA (Reuters) – Colombia’s government on Monday suspended a national ceasefire with the Estado Mayor Central (EMC) armed group in some provinces, following the murder of four Indigenous teenagers. The move to reactivate military offensives against the EMC in the country’s southeast is the latest hiccup in leftist President Gustavo Petro’s…
By Timothy Gardner (Reuters) – A transgender Mississippi girl declined to participate in high school graduation on Saturday after a U.S. District Judge said the school district could bar her unless she dressed in clothes required for boys, a lawyer for the girl said. U.S. District Judge Taylor McNeel, an appointee of former Republican President…
By Swati Bhat MUMBAI (Reuters) – India’s economy has sustained the growth momentum seen in the last fiscal quarter of 2022/23, while latest inflation outcome has been better than forecast, the Reserve Bank of India said on Monday. Growth in the first quarter of 2023/24 is expected to be driven by private consumption, a revival…
