(Reuters) – Estee Lauder Cos Inc raised its full-year sales forecast on Thursday, on resilient demand for its skincare and fragrances and an expected recovery in major market China that recently eased its COVID curbs. The company expects 2023 net sales to fall between 5% and 7%, compared with the prior forecast of a decrease…
(Reuters) – British real estate firms Capital & Counties Properties and Shaftesbury Plc said they were in advanced talks on a merger that would bring such London tourist destinations as Covent Garden and Soho under one umbrella. Shaftesbury would own 53% and Capco shareholders the remainder in a deal structured as an acquisition of Shaftesbury…
By John Irish and Andrius Sytas VILNIUS (Reuters) -Ukraine’s largest Western allies are still finalising a joint framework that would pave the way for long-term security assurances for Kyiv, and may wait until the end of a NATO summit this week to announce them, European diplomats say. The 31-member NATO alliance meets in Lithuania on…
(Reuters) – Air Lease Corp said on Monday it expects delivery delays from Boeing Co and Airbus SE to persist for several years, adding to the headaches of the aerospace industry amid a faster-than-expected recovery in travel. “In recent weeks, we have received additional notices of delay from both Airbus and Boeing for 2023 and…
BRUSSELS (Reuters) – European Union governments moved closer on Sunday to agreeing tough sanctions against Russia that include a ban on buying Russian oil, but scheduled more talks for Monday to work out how to ensure countries most dependent on Russian energy can cope. Ambassadors of the 27 EU countries have been meeting daily to…
By Laura Sanicola (Reuters) – Oil prices fell slightly in early Asian trade on Friday as optimism that a U.S. debt default will be avoided weighed against sticky inflation data that could portend more interest rate hikes from global central banks. Brent futures were down 2 cents at $75.84 a barrel as at 0015 GMT….
By Elena Fabrichnaya MOSCOW (Reuters) – Russia’s No. 2 lender VTB expects to raise 94 billion roubles ($1.15 billion) in its secondary public offering (SPO), CFO Dmitry Pyanov said, in a capital top-up that will see an undisclosed investor acquire a chunk of the state’s share in the bank. VTB purchased rival Otkritie for 340…
By Jonathan Stempel NEW YORK (Reuters) – Donald Trump will deposit $5.55 million with a federal court as security while the former U.S. president appeals a jury verdict that he sexually abused and defamed the writer E. Jean Carroll. Trump is appealing last month’s $5 million verdict by a Manhattan federal jury, which said he…
By Parisa Hafezi DUBAI (Reuters) – A Revolutionary Court in Iran on Tuesday began the trial of a female journalist behind closed doors on charges linked to her coverage of a Kurdish-Iranian woman whose death in custody last year sparked months of unrest, her husband said on Twitter. Mahsa Amini’s death while held by the…
LONDON (Reuters) – Overseas holders of a Russian sovereign bond that matured last month are seeking a ruling on whether $1.9 million in interest arrears constituted a “credit event” that might allow them to eventually collect a payout on default insurance. The EMEA Credit Derivatives Determinations Committee (CDDC) said on its that holders of the…