By Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) – The turmoil facing U.S. regional banks has prompted some lenders to step back, leaving space for investors such as asset managers, private equity (PE) funds and insurers to lend more. Non-bank lenders with deep pockets have invested in credit assets for years, but the regional…
By Padraic Halpin DUBLIN (Reuters) – Ryanair aims to boost profit by 10% this year after almost record earnings for its last financial year, CEO Michael O’Leary said on Monday, and it may do better if rival airlines’ “irrationally exuberant” summer fare forecasts are right. Europe’s largest airline by passenger numbers said it expects 10%…
By Mike Scarcella (Reuters) – Microsoft Corp evaded a potential early legal obstacle in its $69 billion deal to acquire “Call of Duty” videogame maker Activision Blizzard Inc, when a U.S. judge on Friday refused to allow gamers in a private suit to preliminarily block the acquisition. The private plaintiffs sued Microsoft in California federal…
PARIS (Reuters) – European Central Bank interest rate hikes are likely to peak out by the end of summer, but the more important issue now is how long rates stay elevated than the exact level, French ECB policymaker Francois Villeroy de Galhau said on Monday. Villeroy said the lag between the ECB’s exceptionally fast rate…
By Maxwell Akalaare Adombila ACCRA (Reuters) -Ghana’s central bank maintained its main interest rate at 29.5% on Monday, saying tight monetary policy and relative exchange rate stability were helping inflation fall. The West African nation, a producer of cocoa, gold and oil, has been grappling with its worst economic crisis in a generation, characterised by…
By Nivedita Balu TORONTO (Reuters) – Canadian banks are expected to report a rise in bad debt provisions and highlight risks from commercial property loans when they report earnings this week, with the country’s No.2 bank TD in focus after its acquisition of First Horizon failed. Bay Street analysts have lowered their second quarter earnings…
By Swati Bhat MUMBAI (Reuters) – India’s economy has sustained the growth momentum seen in the last fiscal quarter of 2022/23, while latest inflation outcome has been better than forecast, the Reserve Bank of India said on Monday. Growth in the first quarter of 2023/24 is expected to be driven by private consumption, a revival…
By Joanna Plucinska GENEVA (Reuters) -Europe’s business jet sector is putting its greenest foot forward at its flagship annual conference this week as it faces a downturn in flights on the back of commercial aviation’s rebound and growing pressure to become more sustainable. The European Business Aviation Convention & Exhibition (EBACE), hosted in Geneva, kicks…
WASHINGTON (Reuters) – The Federal Reserve may still need to raise its benchmark interest rate by another half-point this year, St. Louis Fed President James Bullard said, suggesting that any decision to pause on any increase at the upcoming June meeting won’t mark a full stop to the Fed’s tightening cycle. “The risk with inflation…
By Ruma Paul DHAKA (Reuters) -Bangladesh is struggling to pay for imported fuel because of a dollar shortage, letters from the state petroleum firm show, with it warning of an “alarming decrease” in fuel reserves. It owes more than $300 million to six overseas companies, some of which have either sent fewer cargoes than scheduled…
