By Chris Thomas, Dhanya Skariachan and Tanvi Mehta BENGALURU (Reuters) -Cash-strapped Indian airline Go First filed for bankruptcy on Tuesday, blaming “faulty” Pratt & Whitney engines for the grounding of about half its fleet. The move marks the first major airline collapse in India since Jet Airways filed for bankruptcy in 2019, and underscores the…
By Chris Thomas, Dhanya Skariachan and Tanvi Mehta BENGALURU (Reuters) -Cash-strapped Indian airline Go First filed for bankruptcy on Tuesday, blaming “faulty” Pratt & Whitney engines for the grounding of about half its fleet. The move marks the first major airline collapse in India since Jet Airways filed for bankruptcy in 2019, and underscores the…
(Reuters) – Twitter chief Elon Musk has “threatened” to reassign National Public Radio’s Twitter account to another company, the U.S.-based broadcaster said on Tuesday. Musk suggested that he would reassign the network’s main account, under the @NPR handle, to another organization or person, NPR said. NPR stopped posting content to its 52 official Twitter feeds…
SYDNEY (Reuters) – Australian retail sales grew at their slowest annual pace in 14 months in March in a warning sign for consumption that will only get worse following a surprise hike in interest rates this week. Retail sales rose a modest 0.4% in March from February, when they edged up just 0.2%, data showed…
BOGOTA (Reuters) – Colombia’s central bank on Tuesday raised its outlook for 2023 inflation to 9.5% from 8.7%, reflecting persistent consumer price growth that has prompted the bank’s board to raise its benchmark interest rate beyond market expectations. The outlook, issued by the central bank’s technical team, influences the interest rate decisions adopted by the…
(Reuters) -Singapore’s Keppel Corp on Wednesday announced a major corporate restructuring, doing away with its conglomerate form and divide itself into three distinct units, in a bid to simplify and further grow its operations. The conglomerate, which has operations ranging from data centres to renewable energy assets, will restructure itself into three businesses — fund…
(This April 27 story has been corrected to clarify that the statement is attributed to FMC commissioner, not the Commission, in paragraph 15) By Francesco Guarascio and Khanh Vu HANOI (Reuters) – Tighter U.S. rules to ban imports from China’s Xinjiang are compounding pressure on Vietnam’s apparel and footwear makers, hitting a sector that has…
By Lisandra Paraguassu BRASILIA (Reuters) -Brazil offered on Tuesday to help cash-strapped Argentina and provide support to Brazilian exporters so that they can continue to sell to the neighboring country, their main exporting market for manufactured goods. “We are not discussing just helping Argentina. We need to help Brazilian businesses that export to Argentina, like…
(Corrects April 27 story to clarify in paragraph 15 that the statement is attributed to FMC commissioner, not the Commission) By Francesco Guarascio and Khanh Vu HANOI (Reuters) -Tighter U.S. rules to ban imports from China’s Xinjiang are compounding pressure on Vietnam’s apparel and footwear makers, hitting a sector that has already shed nearly 90,000…
INCHEON, South Korea (Reuters) -South Korea’s central bank chief welcomed an easing in inflation but said it was “a little bit premature” to suggest it will start to cut rates as early as this year given that inflation is still above its policy target. Bank of Korea Governor Rhee Chang-yong also said during an interview…
