By Julia Payne BRUSSELS (Reuters) -Ryanair delivered a petition signed by 1.1 million EU passengers to the European Commission on Wednesday, demanding overflights be protected from air traffic control (ATC) strikes, particularly in France, to help avoid travel disruption. Earlier this month, the trade group Airlines for Europe, which represents companies such as Lufthansa and…
(Reuters) – Wall Street’s main indexes opened lower on Wednesday as a deal to raise the nation’s debt ceiling headed for a pivotal vote by lawmakers, while another round of earnings highlighted the pinch of higher prices being felt by corporate America. The Dow Jones Industrial Average fell 94.07 points, or 0.28%, at the open…
By Ira Dugal MUMBAI (Reuters) -On a hot summer afternoon, 23-year old Nizamudin Abdul Rahim Khan is playing cricket on a muddy, unpaved road in the Rafiq Nagar slum in India’s financial capital, Mumbai. Here, there is scant evidence of India’s fast-growing economy. Bordering what was once Asia largest garbage dumping ground, Rafiq Nagar and…
By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s economy likely surged back to growth in the first quarter of the year, powered by record-breaking crops and solid crude oil output that more than offset the drag of subdued manufacturing activity, a Reuters poll of economists showed. Strong exports by commodities-producing sectors were seen adding to…
(This May 17 story has been corrected to say Marathon Petroleum, not Marathon Oil, in paragraph 8) By Trixie Yap and Florence Tan SINGAPORE (Reuters) – Finnish refiner Neste expects renewable fuels from its new facilities in Singapore and the U.S. to drive its growth this year despite expectations of lower oil product margins in…
WASHINGTON (Reuters) – An apparent rebound in the residential housing market could impact the Federal Reserve’s inflation fight, with home prices “leveling out” even as the U.S. central bank awaits the impact of falling rents on headline inflation data, Fed Governor Michelle Bowman said on Wednesday. “We expect lower rents will eventually be reflected in…
By Indradip Ghosh BENGALURU (Reuters) – Home prices in Germany are forecast to correct modestly this year and decline a bit more in 2024 as a series of interest rate rises further cools hot demand for property during the pandemic, according to analysts polled by Reuters. Higher borrowing costs, along with still-elevated consumer inflation, dragged…
(Reuters) – Russia’s Nornickel expects the global palladium market to swing to a surplus of 300,000 troy ounces in 2024 from a deficit of 200,000 ounces in 2023 due to recycling outpacing demand recovery, the miner said on Wednesday. Nornickel, which has not been directly targeted by Western sanctions since Russia’s invasion of Ukraine, accounts…
By Lewis Jackson SYDNEY (Reuters) – Australia will encourage businesses diversify their trade into new and emerging markets, Trade Minister Don Farrell will say in a speech on Thursday, even as ties heal with China, its largest trading partner. “It’s why this government has spent the last year working to diversify our trading relationships,” he…
By Tibisay Romero, Deisy Buitrago and Marianna Parraga VALENCIA/CARACAS (Reuters) – The new CEO of Venezuelan state-run PDVSA is targeting endemic corruption at the financially troubled oil company while hoping to win over its 95,000 workers, a move critical to securing much needed cash for the country, home to the world’s largest crude reserves. Pedro…
