SAO PAULO (Reuters) – Brazilian airline Azul announced on Wednesday it is launching a public offering of senior secured notes due 2028, fulfilling its pledge to raise additional capital as it moves forward with a broader restructuring plan. Azul, Brazil’s largest airline in number of flights and cities served, said in a statement it will…
By Abigail Summerville NEW YORK (Reuters) – The private equity owner of Benihana Inc is exploring a sale that could value the U.S. restaurant chain, known for its Japanese teppanyaki and sushi, at around $600 million or more, including debt, according to people familiar with the matter. The potential sale comes after Cava Group Inc’s…
ISLAMABAD (Reuters) – The United Arab Emirates has deposited $1 billion with Pakistan’s central bank to support foreign exchange reserves, Pakistan’s Finance Minister Ishaq Dar said on Wednesday. (This story has been refiled to add the missing word ‘to’ in the headline) (Reporting by Ariba Shahid; Editing by Angus MacSwan)
SAO PAULO (Reuters) – Services activity in Brazil grew by much more than expected in May from the previous month, data from statistics agency IBGE showed on Wednesday, paring some of the losses seen in April despite the country’s high interest rate levels. The service sector, which accounts for about 70% of all activity in…
OTTAWA, July 12 (Reuters)-The Bank of Canada (BoC) on Wednesday raised its growth forecast for this year to 1.8%, up from the 1.4% predicted in April, as excess demand continues feed underlying inflation, which is coming down more slowly than had been previously estimated. In its quarterly Monetary Policy Report, the BoC said inflation would…
By Diane Bartz WASHINGTON (Reuters) -Microsoft cleared major hurdles to its plan to buy videogame maker Activision Blizzard on Tuesday, after a U.S. judge gave a thumbs-up to the $69 billion deal and a British regulator suggested it could reconsider its opposition. Activision shares surged 10% on the day, as the U.S. and Britain have…
(Reuters) – U.S. financial regulators should take steps to ensure banks can withstand further interest-rate hikes should the Federal Reserve need to deliver them to fight entrenched inflation, Minneapolis Fed President Neel Kashkari said on Wednesday. The failure of several large regional banks in the spring highlighted what can happen when banks are poorly positioned…
By Michal Aleksandrowicz (Reuters) -French defence and technology group Thales said on Wednesday it was in exclusive talks to buy aerospace supplier Cobham Aerospace Communications for $1.1 billion, pushing Thales shares up more than 3% as it bets on connected cockpits. The world’s third-largest producer of avionics for civil jetliners said the all-cash acquisition would…
MILAN (Reuters) – European shares, currencies and bonds rallied on Wednesday after U.S. inflation slowed in June, feeding bets the Federal Reserve is nearing the end of a series of steep interest rate rises. The U.S. consumer price index rose 3.0% year-on-year last month, scoring its smallest annual increase in more than two years, while…
SAO PAULO (Reuters) – Financial market participants in Brazil are increasingly optimistic about the country’s economic prospects under leftist President Luiz Inacio Lula da Silva, a poll showed on Wednesday, with the approval rating of his finance minister spiking. The survey by Genial/Quaest showed that 53% of market players now think Brazil’s economy will improve…
