NEW YORK (Reuters) – U.S. employers boosted hiring in April while raising wages for workers, pointing to sustained labor market strength that could see the Federal Reserve keeping interest rates higher for some time. Nonfarm payrolls rose by 253,000 jobs, the Labor Department’s employment report showed on Friday, while March was revised lower to 165,000…
By Federica Mileo (Reuters) – Air France-KLM on Friday reported a steeper than expected operating loss for the first quarter and trimmed its capacity outlook for 2023 despite strong summer bookings, dragging its shares 4% lower. “The first quarter is always a loss-making quarter and we were also hold back by the current operational climate,”…
PARIS (Reuters) – France’s financial prosecution office is investigating arms maker Thales, a source close to the matter told Reuters, after a radio station earlier reported on a probe into a fighter jet maintenance deal in India. Thales in a statement denied allegations of corruption in relation to the deal, saying it had “zero tolerance”…
By Alvise Armellini and Elizabeth Pineau ROME (Reuters) – France must apologise to end a dispute over over what Rome considers insulting remarks, including some over its handling of immigration, Italy’s foreign minister said on Friday, while also signalling the spat might be short-lived. The minister, Antonio Tajani, called off a visit to Paris at…
(Reuters) – Global equity funds suffered massive outflows in the week to May 3, hit by weak economic data and worries over a recession as investors were fretted about the likelihood of interest rates staying higher for an extended period. According to Refinitiv Lipper data, global equity funds recorded a net $16.9 billion worth of…
ANKARA (Reuters) – A Ukrainian delegate punched a Russian delegate in the face during a gathering of Black Sea nations in the Turkish capital on Thursday, after his Ukrainian flag was snatched away to stop him photobombing a video interview with Russia’s lead delegate. Olesandr Marikovski posted a video of himself thumping the Russian and…
By Mike Dolan LONDON (Reuters) -Not for the first time, the European Central Bank is determined to display policymaking independence from its Transatlantic cousin – but the two central banks are likely more in sync than it seems. Two potentially pivotal policy decisions within 24 hours this week from the ECB and U.S. Federal Reserve…
(Reuters) – Coty Inc said on Friday it would explore a listing on the Paris Stock Exchange as the CoverGirl cosmetics maker looks to strengthen its presence in Europe and tap into new investors in the market. Founded in Paris in 1904, Coty counts Europe as a substantial market, with net revenues from the EMEA…
LONDON (Reuters) – A Washington stalemate on whether to increase the U.S. debt ceiling has raised the risk of a default as early as June and threatens a fresh rout in financial markets. While analysts reckon a crisis will be averted, just an increased probability of default would send shock waves across markets, said Janus…
By Gibran Naiyyar Peshimam and Asif Shahzad ISLAMABAD (Reuters) -The International Monetary Fund (IMF) is working with Pakistan to conclude a ninth review of a bailout programme, its mission chief said on Friday of the funding critical for the cash-strapped nation to avert an economic collapse. Pakistan and the IMF have been discussing fiscal policy…
