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LONDON (Reuters) – A number of banks including Morgan Stanley and Deutsche Bank on Wednesday revised upward expectations for further UK interest rate hikes as a second straight day of data suggested price pressures remain elevated. Britain was the only country in western Europe with double-digit inflation in March after it fell less than expected,…
By Oliver Denzer and Laurie Chen HAMBURG/BEIJING (Reuters) -Dazed and terrified, Yicheng Huang narrowly managed to escape being detained by police in Shanghai while attending historic protests calling for an end to China’s COVID-19 curbs that spread across numerous cities last November. The protests, unprecedented in President Xi Jinping’s decade in power, were suppressed by…
AMSTERDAM (Reuters) – China is seeking to acquire equipment and knowledge in the Dutch space sector, sometimes in circumvention of export restrictions, the Netherlands’ military intelligence agency said on Wednesday. The agency, known by its Dutch acronym MIVD, said in its 2022 annual report that its analysis “shows the Chinese satellite launch capacity will increase…
By Jesús Aguado MADRID (Reuters) -Spanish lenders may feel the impact from rising global risks, such as the higher cost of funding and liquidity stress, though their cash positions remained stable in March, Bank of Spain officials said on Wednesday. In its semi-annual financial stability report, the central bank warned global uncertainty could lead to…
By Pablo Mayo Cerqueiro and Iain Withers LONDON (Reuters) – Abrdn is seeking to individually sell a batch of private equity businesses which collectively have about 12 billion pounds of investments, after struggling to find a buyer for the entire portfolio, a source close to the matter said. The British asset manager has been working…
DUBLIN (Reuters) – Global airline capacity will be lower than expected this year and stay constrained until 2025 at the earliest, warned IATA director general Willie Walsh, due to delays in new aircraft deliveries and a lack of availability of spare parts. “I can’t see anything really improving or significantly improving probably until 2025 at…
By Junko Fujita TOKYO (Reuters) -Japan’s Sumitomo Mitsui Financial Group (SMFG) sold $1 billion of additional tier-1 (AT1) debt on Wednesday, becoming the first major global bank to sell the risky securities since similar bonds issued by Credit Suisse were wiped out last month. The deal reflects rebounding confidence in the banking sector of Asia’s…
MADRID (Reuters) – Aircraft maker Airbus agreed with Spanish labour unions to raise its workers’ salaries by between 5% and 7.4% this year on top of a 1,000 euro ($1,094) bonus that was paid in March, the CCOO union said on Wednesday. The agreement still has to be ratified by unionised workers. ($1 = 0.9143…
By Orhan Coskun and Birsen Altayli ANKARA (Reuters) – International investors are looking to increase investments in Turkey, notably in mergers and acquisitions, as they anticipate a shift to a more orthodox economic policy after May 14 elections, four government officials and analysts said. Opinion polls show President Tayyip Erdogan facing the greatest electoral challenge…
(Reuters) – Spotify was facing issues on Wednesday, the audio streaming platform said, with outage tracking website Downdetector reporting that the service was down for over 18,000 users in the United States. “Something’s not quite right, and we’re looking into it,” Spotify said in a tweet. (Reporting by Rahat Sandhu in Bengaluru; Editing by Shailesh…
