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By David Shepardson NEW YORK (Reuters) – New York officials on Wednesday celebrated the six-year $8 billion reconstruction of the city’s long-derided LaGuardia airport with a brand new Delta Air Lines terminal. Delta’s glittering 1.3 million-square foot $4 billion Terminal C will begin flights on Saturday at nine of the 37 new gates. Delta, the…
By Wayne Cole SYDNEY (Reuters) – Asian shares started cautiously on Monday in a week that is certain to see interest rates rise in Europe and the United States, along with U.S. jobs and wage data that may influence how much further they still have to go. Earnings from a who’s who of tech giants…
By Anshuman Daga and Lawrence White SINGAPORE/LONDON (Reuters) – HSBC has shelved plans for fresh stock buybacks this year after reporting an unexpected hit to its capital on Tuesday, as a cocktail of rising inflation, geopolitical drama and economic weakness dented its prospects. Shares in Europe’s biggest bank were trading 2.2% lower by 0825 GMT…
By Jonathan Saul LONDON (Reuters) – Libra Group said it aims to become the world’s first space leasing company offering satellites, space ports and other infrastructure, and is setting up a ground station in the Alaskan Arctic, vital for polar orbits that monitor climate change. “There is no space leasing company,” George Logothetis, the executive…
(Refiles to add missing word in headline) BERLIN (Reuters) – Volkswagen shares were up 3% in premarket trade on Monday, topping the German blue-chip index, after the carmaker said on Sunday it was targeting a valuation for luxury sportscar brand Porsche of up to 75 billion euros ($74.84 billion). Shares in Porsche Holding SE, Volkswagen’s…
By Nidal al-Mughrabi GAZA (Reuters) – A team of U.S. orthopaedic surgeons is visiting the Gaza Strip to perform a series of joint replacement operations and provide training to local doctors. Khaled Saleh, president of the U.S.-based non-profit Fajr Scientific, said the visit would help patients immobilised by joint problems and chronic pain, as well…
(Reuters) -U.S. drugmaker Pfizer and venture firm Flagship Pioneering on Tuesday said they would invest $100 million together to develop up to 10 new potential drugs for areas including internal medicine, oncology, infectious diseases and immunology. Flagship, which has incubated biotech companies, most famously Moderna Inc , and Pfizer will each invest $50 million. Flagship’s…
(Reuters) – Bristol Myers Squibb won the dismissal on Monday of a $6.4 billion lawsuit claiming it cheated former Celgene shareholders by delaying federal approval for the cancer drug Breyanzi and two other drugs developed by Celgene. U.S. District Judge Jesse Furman in Manhattan said UMB Bank was never properly appointed trustee for shareholders owning…
By Tushar Goenka BENGALURU (Reuters) – Global fund managers maintained a cautious stance in March, increasing recommended bond holdings and cash reserves and suggesting reduced equities exposure, a Reuters poll found. The March 21-31 survey captured this defensive strategy many fund managers adopted after the Russia-Ukraine war broke out. The February survey was taken partly…
(Reuters) – It’s a week of meetings of central bank heavies, with the U.S. Federal Reserve, European Central Bank and Bank of Japan all due to announce decisions. The Fed is tipped to stop its rate increases, for now, the ECB, to keeping going, for now, while the BOJ remains in stop mode, for now….
