MILAN (Reuters) -Italian Prime Minister Giorgia Meloni on Monday took “full responsibility” for last week’s shock decision to impose a one-off bank tax that has been blamed for causing lasting damage to her government’s credibility with financial markets. In comments to Italian newspapers Corriere della Sera, la Repubblica and La Stampa, Meloni said the 40%…
(Reuters) – (This August 11 story has been corrected to clarify that the name on the website, Air Canada Pilots Association (ACPA), is no longer used as the group merged with ALPA and changes the name of the union in paragraph 5) Air Canada reported a better-than-expected quarterly profit on Friday compared with a year-ago…
By Adam Jourdan, Eliana Raszewski and Anna-Catherine Brigida BUENOS AIRES (Reuters) -Argentine far-right libertarian Javier Milei shocked the country on Sunday when he won the largest share of the vote in open primary elections. Now the big question is can he repeat the trick in October general elections when it matters? The primary, which sees…
By Shashwat Chauhan (Reuters) -European shares closed higher on Monday, rebounding from a near one-week low, as gains in retail and healthcare outpaced the fall in miners and energy, both bruised by concerns over China’s embattled property sector. The pan-European STOXX 600 closed the day 0.2% higher, bouncing back from a more than 1% decline…
By Gabriel Araujo SAO PAULO (Reuters) -Brazilian planemaker Embraer on Monday shot past market estimates for second-quarter results, with its chief executive voicing optimism about upcoming quarters for the company. Francisco Gomes Neto said in an interview there is a “good chance” Embraer will deliver 80 or more commercial aircraft next year, up from a…
By Alexander Marrow (Reuters) – Russia’s benchmark stock index retreated on Monday from its highest since before Moscow sent troops into Ukraine on Feb. 24, 2022, after the central bank suddenly announced an emergency policy meeting on Tuesday, ending a sharp slide in the rouble. President Vladimir Putin’s economic adviser blamed the central bank’s “soft…
(Reuters) – AMC Entertainment Holdings said on Monday its 10-to-1 reverse stock split will take place on Aug. 24 and its preferred shares “APE” will be converted to common stock on Aug. 25. The common shares of the theatre chain operator fell 38% to $3.25 in premarket trading, while its preferred shares rose 18% to…
By Deborah Mary Sophia (Reuters) -Kraft Heinz’s CEO Miguel Patricio will step down from the role and be succeeded by Carlos Abrams-Rivera, the president of its North American business, starting next year, the packaged food maker said on Monday. Patricio joined Kraft Heinz in July 2019 as the company bet on a marketing veteran to…
By Michael S. Derby NEW YORK (Reuters) – Americans said last month they expected weaker inflation over the next few years, and they also marked up their own views of their personal financial situations, according to a survey released on Monday by the New York Federal Reserve. In its latest survey of consumer expectations, the…
By Sriparna Roy (Reuters) -BioXcel Therapeutics Inc said on Monday it will cut more than half of its workforce, as the drugmaker shifts its focus towards developing its agitation treatment for use in at-home settings, sending shares down about 46%. The drugmaker said it was taking a three-step approach to restructure its business, including prioritizing…
