By Pete Schroeder WASHINGTON (Reuters) -U.S. stocks maintained gains Wednesday even after the Federal Reserve signaled an interest rate hike could be coming soon, while tension between Russia and Ukraine pushed oil prices to highs not seen since 2014. …
Relief efforts ramping up in Tonga, more aid arrives
(Reuters) -Humanitarian aid to Tonga is ramping up after the airport was cleared of ash, making it safe for planes to land, the Red Cross said on Wednesday, days after a volcanic eruption and tsunami devastated the South Pacific archipelago. The Intern…
Microsoft cloud performance lags highest Wall Street hopes
By Nivedita Balu and Jane Lanhee Lee (Reuters) -Microsoft Corp on Tuesday hit Wall Street targets for cloud services revenue, but that was not enough for some of the most optimistic investors and shares fell 4% in extended trade. Investors are seeking …
Airbus to create own airline to rent out whale plane
By Tim Hepher PARIS (Reuters) – Airbus plans to charter out its whale-shaped Beluga transport planes – whose main job until now has been to ferry aircraft parts between its plants in Europe – to help other industries haul urgently-needed outsized machi…
Euro falls to one-month low as Ukraine tensions simmer
By Herbert Lash NEW YORK (Reuters) -The euro fell to a one-month low on Tuesday as tensions between Russia and the West over Ukraine drew investors to the dollar, a day before the Federal Reserve is expected to reveal details on its plans to tighten mo…
GM’s $7 billion investment intensifies EV battle with Ford, Tesla
By Paul Lienert and David Shepardson (Reuters) -General Motors Co said Tuesday it will invest $7 billion in Michigan, much of that aimed at dramatically boosting production of full-size electric pickups, intensifying a battle with rival Ford Motor Co f…
SMCP to review recomposition of its capital -statement
PARIS (Reuters) – French fashion group SMCP on Tuesday said it would put in place an ad hoc committee to review its capital structure. “The Board of Directors of the Company has considered it necessary to initiate a review of the recomposition of its c…
Oil rises on concerns global political risks could tighten supplies
By Scott DiSavino NEW YORK (Reuters) -Oil prices rose over 2% on Tuesday on concerns supplies could become tight due to Ukraine-Russia tensions, threats to infrastructure in the United Arab Emirates and struggles by OPEC+ to hit its targeted monthly ou…
British stocks recover from multi-month lows as banks rally
By Shashank Nayar and Ambar Warrick (Reuters) -London’s FTSE 100 rebounded on Tuesday from a one-month low hit a day earlier, supported by major bank stocks as expectations of tighter monetary policy drove up bond yields. The blue-chip FTSE 100 index g…
Italy’s doValue targets 6% loan recovery rate by 2024
MILAN (Reuters) – Italy’s biggest debt recovery firm doValue will aim to keep the amount of loans it manages stable at 160 billion euros ($180.5 billion) to the end of 2024, while improving its collection rate to 6% from 4%, it said on Tuesday. “The cr…