By Tanvi Mehta and Chris Thomas NEW DELHI (Reuters) – India’s Wadia Group, the owner of cash-strapped Go Airlines (India) Ltd, is completely committed to the company, and has no plans to exit it, the airline’s chief executive said on Wednesday. The news came a day after the airline, recently rebranded as Go First, filed…
(Reuters) – Smartwatch and navigation equipment maker Garmin Ltd topped first-quarter revenue estimates on Wednesday, boosted by strong growth in its businesses catering to the aviation and marine industries. Garmin’s diversified business is helping the company navigate a downturn in spending from recession-wary consumers, which pushed down sales at its outdoor unit – the biggest…
(Reuters) – A 14-year-old boy shot his teacher in a Belgrade classroom on Wednesday before opening fire on other students and security guards, killing eight pupils and a security guard, Serbia’s interior ministry said. Here are details of some previous school shootings and mass killings of children around the world: – NASHVILLE, TENNESSEE, March 27,…
By Choonsik Yoo and Jihoon Lee INCHEON, South Korea (Reuters) – Inflation is cooling rapidly in countries including Indonesia but policymakers should consider diverse factors driving the price changes after rapid rises last year, the country’s finance minister told Reuters on Wednesday. Minister Sri Mulyani Indrawati also said in an interview that Southeast Asia’s largest…
A look at the day ahead in U.S. and global markets from Mike Dolan Markets finally worked out May might be a bit bumpy after all. Another echo of March’s bank stock stress on Tuesday along with the alarming prospect of the U.S. government running out of cash in less than a month was enough…
By Mike Dolan LONDON (Reuters) -The surging euro may be the European Central Bank’s best friend for a change. Unlike much of the past 15 years, euro strength is on the ECB’s side as it meets on Thursday. And it is unlikely to restrain the central bank from tightening further. With so much focus on…
By Ali Kucukgocmen and Nevzat Devranoglu ISTANBUL (Reuters) -Turkish annual inflation slowed to 43.68% in April, official data showed on Wednesday, easing ahead of elections that polls show President Tayyip Erdogan risks losing largely due to a cost-of-living crisis. Unorthodox rate cuts sought by Erdogan sparked a currency crisis in late 2021, sending inflation to…
By Rozanna Latiff KUALA LUMPUR (Reuters) -Malaysia’s central bank unexpectedly raised its benchmark interest rate on Wednesday, as it looks to manage persistent inflation amid strong domestic demand. Bank Negara Malaysia (BNM) lifted its overnight policy rate by 25 basis points to 3%, confounding economists expectations for an extended pause. Some economists now see the…
By Choonsik Yoo and Jihoon Lee INCHEON, South Korea (Reuters) -South Korea is seeking to have its domestic bonds added to a key international market index this year although a decision by the benchmark publisher may not be made until September next year, the country’s finance minister told Reuters on Wednesday. The government has said…
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s apparel export earnings could slump by $1 billion this year, a top industry expert said on Wednesday, as slowing global demand hits the crisis-hit South Asian country. Apparel is Sri Lanka’s largest industrial export and earned $5.95 billion in 2022, helping the country as it weathered its…
