China’s top airlines’ losses narrow after lifting of COVID curbs
BEIJING (Reuters) – China’s three largest airlines reported narrower losses in the first quarter, with domestic and international travel picking…
Business
Exxon delivers record first-quarter profit on higher output
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp made a record first-quarter profit by pumping more oil and gas,…
Highlights from the Fed review of SVB oversight
(Reuters) – The Federal Reserve issued a detailed and scathing assessment on Friday of its failures to identify problems and…
US judge denies Google’s motion to dismiss advertising antitrust case
WASHINGTON (Reuters) -A U.S. federal judge on Friday denied Google’s motion to dismiss a Department of Justice antitrust case focused…
Foreign tourism to Portugal has best first quarter ever
LISBON (Reuters) – The number of foreign tourists visiting Portugal surpassed 2.8 million from January through March, making it the…
TIM to seek new round of higher bids for landline grid – sources
MILAN (Reuters) – Telecom Italia (TIM)’s CEO Pietro Labriola is expected to propose to directors to seek further improvements of…
First Republic most likely headed for FDIC receivership – CNBC
(Reuters) – First Republic Bank is most likely headed for Federal Deposit Insurance Corp (FDIC) receivership, CNBC reported on Friday…
Trading turbulence in banking sector: five hedge fund ideas
(Fixes typographical error in Maliagros) By Summer Zhen, Carolina Mandl and Nell Mackenzie HONG KONG/LONDON (Reuters) -Five hedge funds interviewed…
GIC to buy Japan logistics assets from Blackstone for $800 million
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) -Singapore sovereign wealth fund GIC said on Friday it would buy a…
Investors pile into cash, but snap up Chinese stocks in tricky markets
LONDON (Reuters) – Uncertainty over the economic outlook and the banking sector prompted investors to move money back into cash…