By Nell Mackenzie and Tom Westbrook LONDON/ SINGAPORE (Reuters) -European stocks and U.S. stock futures rose on Wednesday with hopes hinging on the Federal Reserve signalling later in the day that U.S. interest rate hikes might peak soon and the soft landing that central banks have been angling for is in sight. The pan-European STOXX…
By Ahmad Ghaddar LONDON (Reuters) -Oil prices extended losses on Wednesday after plunging 5% in the previous session, as investors fretted about the health of the U.S. economy ahead of an expected Federal Reserve interest rate hike later in the day. Brent futures fell $1.07, or 1.4%, to $74.25 a barrel by 0818 GMT, while…
MUNICH (Reuters) -Former Audi boss Rupert Stadler is ready to make a confession about his role in the diesel emissions scandal in exchange for a suspended sentence and a payment of 1.1 million euros ($1.21 million), his defence team said on Wednesday. The former CEO was charged in 2020 over his role in the scandal…
MILAN (Reuters) -Stellantis said on Wednesday its revenue grew 14% in the first quarter of this year on higher shipments, lifted by an improvement in semiconductor supply, and strong pricing power. “A better fulfilment of semiconductor orders is slowly but surely improving our capacity to produce vehicles,” Chief Financial Officer Richard Palmer said in a…
MILAN (Reuters) – UniCredit on Wednesday raised its financial targets for the year, after posting much stronger than expected first quarter earnings. Solid results by Italy’s only bank that regulators deem of global systemic relevance are the latest evidence of strength for a sector where a string of failures this year has shaken investors’ confidence….
(This May 2 story has been corrected to attribute 2022 SEC proposal following post-publication review in paragraphs 6 and 7) By John McCrank (Reuters) – The U.S. Securities and Exchange Commission will decide on Wednesday whether to adopt new rules for advisors to hedge funds and private equity funds aimed at increasing transparency, competition, and…
By Leika Kihara and Jihoon Lee INCHEON, South Korea (Reuters) -Japan and South Korea held their first finance leaders’ meeting in seven years on Tuesday and agreed to resume regular dialogue as tensions in the wider region and slowing growth prod them to increase co-operation and mend strained relations. The resumption of bilateral financial discussions…
By Chris Thomas, Dhanya Skariachan and Tanvi Mehta BENGALURU (Reuters) -Cash-strapped Indian airline Go First filed for bankruptcy on Tuesday, blaming “faulty” Pratt & Whitney engines for the grounding of about half its fleet. The move marks the first major airline collapse in India since Jet Airways filed for bankruptcy in 2019, and underscores the…
(Corrects April 27 story to clarify in paragraph 15 that the statement is attributed to FMC commissioner, not the Commission) By Francesco Guarascio and Khanh Vu HANOI (Reuters) -Tighter U.S. rules to ban imports from China’s Xinjiang are compounding pressure on Vietnam’s apparel and footwear makers, hitting a sector that has already shed nearly 90,000…
By David Shepardson WASHINGTON (Reuters) -The Biden administration does not plan to extend a July 1 deadline for airlines to upgrade airplane altimeters, the measuring instruments that are crucial for bad-weather landings, to address potential interference from 5G wireless technology, Transportation Secretary Pete Buttigieg said. Buttigieg in a call on Tuesday told airlines that the…
