BERLIN (Reuters) – German airline Lufthansa is on course for a record year, even as it has fewer flights than originally planned this year, CEO Carsten Spohr told Focus news magazine on Friday. “The average profit per passenger this year is 15 euros ($16.51),” he said, adding that the airline is now growing significantly again…
By Trevor Hunnicutt and Kanishka Singh WASHINGTON (Reuters) -The United States condemns efforts to detain or subvert the functioning of Niger’s democratically elected government, White House national security adviser Jake Sullivan said on Wednesday, and urged the release of President Mohamed Bazoum after he was detained inside his palace. “We specifically urge elements of the…
The price of spot gold recorded a marginal decrease of 1.25% on Thursday, an outcome largely attributed to the publication of preliminary estimates data by the U.S. Bureau of Economic Analysis. The data disclosed a growth of 2.4% on an annualized basis in the U.S. economy during the second quarter of 2023. Further,…
By Lina Golovnya and Stephanie Hamel (Reuters) -French IT consulting group Capgemini posted weaker quarterly growth due to a slowdown across its regions, marked by a softer-than-expected U.S. market as clients cut costs. Its shares were down 5% at 1050 GMT, the biggest decliner among French blue-chip stocks. “The U.S. market is a little bit…
By Matthias Williams and Helen Reid LONDON (Reuters) -Adidas will sell more of its stock of Yeezy products in August, it said on Friday, and reiterated a pledge to donate part of the proceeds to groups fighting discrimination, without saying how much it would give. Adidas stopped selling Yeezy shoes and abandoned its collaboration with…
By Shankar Ramakrishnan (Reuters) -Investor appetite for a type of debt issued mostly by banks to boost their capital is showing early signs of revival, just as interest rates on an estimated $120 billion of such securities are due to reset to much higher levels. So-called preferred securities, which are one of the riskiest forms…
LONDON (Reuters) – JPMorgan’s analysts said on Friday they were maintaining the investment bank’s “bearish view” on the Japanese yen after Friday’s move by the Bank of Japan (BOJ) to make its key yield curve control policy more flexible. In a research note, the analysts said that while the yen could rise “to some degree…
By Francesco Canepa FRANKFURT (Reuters) -Two European Central Bank policymakers on Friday raised the prospect of an end to the ECB’s steepest and longest string of interest rate rises, as the outlook for the euro zone economy worsened despite stubbornly high inflation. The ECB increased borrowing costs for a ninth consecutive time on Thursday but…
By Samuel Indyk LONDON (Reuters) – Investors flocked to stocks and bonds in the week to Wednesday, Bank of America global research said in a report on Friday citing EPFR data. Ahead of policy announcements from the Federal Reserve, European Central Bank and Bank of Japan, there was a $13.8 billion inflow to stocks and…
By Jesús Aguado MADRID (Reuters) -BBVA’s second-quarter net profit rose 24% against the same period last year on higher lending income in Mexico, its main market, and Spain, a trend the lender expects to continue this year, offsetting some weakness in Turkey. The Spanish bank also announced a 1 billion euro ($1.1 billion) share buyback…
