MILAN (Reuters) – Shares in Italy’s Italian Design Brands (IDB), a hub of Italian furniture and lighting companies, jumped more than 3% on their Milan bourse debut on Thursday. At around 1000 GMT IDB’s shares were up 3.3% from the fixed price set in its initial public offering. The group, which offered newly issued shares…
By Danielle Broadway LOS ANGELES (Reuters) – As the Writers Guild of America strikes to bring about better pay and work security in a streaming TV world, a generation of diverse writers like Caroline Renard fear for the future of their careers. While there have been improvements in diversity within writers’ rooms in recent years,…
WASHINGTON (Reuters) – U.S. President Joe Biden and House of Representatives Speaker Kevin McCarthy, the top Republican in Washington, hope to finalize a deal on the debt ceiling after Biden returns from the Group of Seven meeting in Japan on Sunday. The debt ceiling bill Republicans have passed in the House and Democrat Biden’s 2024…
By Allison Lampert MONTREAL (Reuters) – A faceoff this week between WestJet Airlines and its pilots over pay could set the stage for aviators’ demands in future bargaining with Air Canada. Pilots at Onex Corp-owned WestJet gave notice on Monday that they could go on strike as early as Friday, raising fears of travel disruptions…
By Howard Schneider AMELIA ISLAND, Florida (Reuters) – The pummeling taken by bank bond portfolios during more than a year of rising interest rates fueled worries this spring after the collapse of Silicon Valley Bank that a spiraling financial crisis might soon develop and crash the U.S. economy. New research, though, indicates those investment losses…
A look at the day ahead in U.S. and global markets from Naomi Rovnick Risk appetite has perked up on global markets thanks to optimism that U.S. Democrats and Republicans are nearing a deal to raise the debt ceiling and avoid an economically catastrophic default. European and Asian shares rose on Thursday, the dollar held…
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) -Russia’s largest lender Sberbank on Thursday reported record first-quarter net profit of 357.2 billion roubles ($4.6 billion) and raised forecasts for several indicators, keeping the bank on course to rebound sharply from a difficult 2022. The central bank ordered Russian banks to limit disclosures soon after Moscow…
By John Revill and Julie Zhu ZURICH/HONG KONG (Reuters) -Swiss agrichemicals and seeds group Syngenta has withdrawn its application to float on Shanghai’s tech-focused STAR Market and will instead seek a listing on the main board of the Shanghai Stock Exchange, the company said on Thursday. Syngenta is seeking to rescue its 65-billion-yuan ($9.4-billion) IPO,…
BERLIN (Reuters) – Germany’s powerful auto industry association is urging the European Union and Britain to postpone post-Brexit rules it says would hamper the transition to electric vehicles, potentially boosting the hand of UK-based carmakers calling for the same. Under the trade deal agreed when Britain left the EU, 45% of the value of an…
LONDON (Reuters) – The proportion of British businesses expecting to raise prices has fallen in a latest sign that price pressures have peaked after inflation hit a 41-year high last year, a survey published on Thursday showed. The Office for National Statistics said 18% of businesses expected to increase the prices of goods or services…
