(Reuters) – Air Lease Corp confirmed its order for 32 Boeing 737 MAX jets on Monday, as it seeks to meet increasing demand for the narrow-body jets from airlines eager to tap into the rebound in air travel. The aircraft lessor, which had signed a memorandum of understanding to purchase new MAX jets in February,…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Some well-timed trades in the options on Twitter Inc, in the days before Tesla Inc’s top boss Elon Musk revealed a large stake in the social media company, are raising eyebrows among options analysts. On Monday, Musk revealed a 9.2% stake in Twitter, making him the biggest…
By Luc Cohen NEW YORK (Reuters) -Closing arguments began on Monday in the U.S. trial of a former Goldman Sachs banker accused of helping loot Malaysia’s 1MDB development fund, with a U.S. prosecutor urging jurors not to discount testimony from the government’s star witness because he was seeking leniency. Roger Ng, Goldman’s former top investment…
By Julie Gordon OTTAWA (Reuters) – A record number of Canadian businesses are facing capacity pressures amid intense labor shortages and ongoing supply chain difficulties, with many expecting significant wage and input price growth, a regular Bank of Canada survey said on Monday. The central bank’s Business Outlook Survey Indicator dipped in the first quarter…
By Elizabeth Dilts Marshall and Matt Scuffham NEW YORK (Reuters) -JPMorgan could lose about $1 billion on its Russia exposure, Chief Executive Jamie Dimon said on Monday, detailing the extent of the bank’s potential losses from the conflict in Ukraine for the first time. In his keenly watched annual letter to shareholders, the chairman and…
By Svea Herbst-Bayliss BOSTON (Reuters) – Hasbro Inc on Monday added two directors to its board and said it will keep its Wizards of the Coast unit, rejecting calls from an activist investor to spin off the profitable unit and refresh the toy maker’s board with its director nominees. Elizabeth Hamren and Blake Jorgensen, executives…
By Nora Buli and Nina Chestney OSLO/LONDON (Reuters) – Russia maintained gas flows through key pipeline routes into Europe on Monday, despite uncertainty over payment terms and as European leaders urged further sanctions against Moscow amid allegations of war crimes in Ukraine. Physical gas flows through the Yamal-Europe pipeline, at Germany’s Mallnow border point see-sawed…
By Alex Lawler LONDON (Reuters) -Oil jumped over 3% on Monday toward $108 a barrel as the release of strategic reserves by consuming nations failed to eliminate supply fears arising from Russia’s invasion of Ukraine and the lack of an Iranian nuclear deal. The invasion in February heightened supply concerns that were already underpinning prices….
TOKYO (Reuters) – Japan’s central bank should hike interest rates to ensure the country will not fall out of lockstep with the rest of the world in its monetary policy, an associate of Prime Minister Fumio Kishida whose ideas likely inspired the premier’s economic policy framework said. Kishida’s government should unleash as much as $400…
By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil Corp on Monday said its first-quarter production results could top a seven-year quarterly record, with operating profits from pumping oil and gas of up to $9.3 billion. A snapshot of the largest U.S. oil company’s quarter ended March 31 showed operating profits from its oil and gas unit…
