Article content PARIS/NEW DELHI — Air India is close to placing landmark orders for as many as 500 jetliners worth tens of billions of dollars from both Airbus and Boeing as it carves out an ambitious renaissance under the Tata Group conglomerate, industry sources said on Sunday. The orders include as many as 400 narrow-body […]
Article content U.S. grocery chain Albertsons Companies Inc said that Washington State Court had denied a request of preliminary injunction by the state’s Attorney General to prevent the company from paying $4 billion to shareholders in a special dividend. The court has extended the existing temporary restraining order until Dec. 19 to give the Attorney […]
Article content BRUSSELS — A dozen countries including Belgium, Italy, Poland and Slovenia have made a push to “significantly” lower a planned European Union cap on gas prices, as the bloc struggles to strike a deal on the measure. EU countries are holding emergency negotiations on Saturday as they attempt to line up a deal […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Alun John Publishing date: Dec 09, 2022 • 0 minutes ago • 2 minute read Join the conversation Article content LONDON — Euro zone government bond yields bounced off multi-month lows hit earlier in the week on Friday as a recent rally on expectations that central […]
Article content LONDON — Copper prices on Friday touched their highest since June as investors anticipated that China’s easing of coronavirus restrictions will boost economic growth and metals demand. The yuan meanwhile rose to its strongest since September, helping dollar-priced metals by making them cheaper for buyers in the world’s biggest commodities market. Article content […]
Article content LONDON — HONG KONG, Dec 8 (Reuters) – Apple supplier Foxconn’s COVID-hit Zhengzhou facility in China has lifted its “closed-loop” management curbs on Thursday, it said in a statement posted on its WeChat account. The Zhengzhou industrial park where Foxconn’s plant locates has been under a so-called closed-loop system that isolated the plant […]
Article content WASHINGTON — The number of Americans filing new claims for unemployment benefits rose moderately last week, pointing to a still-tight and strong labor market despite growing fears of a recession. Initial claims for state unemployment benefits increased 4,000 to a seasonally 230,000 for the week ended Dec. 3, the Labor Department said on […]
Article content LONDON — Copper prices slipped on Wednesday after weak Chinese trade data fueled worries about demand from the world’s top metals consumer, overshadowing the easing of COVID-19 restrictions in the country. Three-month copper on the London Metal Exchange dropped 0.6% to $8,370 a tonne in official open-outcry trading after rising by 0.4% on […]
Breadcrumb Trail Links PMN Business Author of the article: Article content FRANKFURT — Boehringer Ingelheim and Eli Lilly said their diabetes drug Jardiance was shown to slow the progression of chronic kidney disease (CKD), as they seek to catch up with market segment leader AstraZeneca. In a statement on Friday, the two partners said Jardiance […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Jonathan Landay and Tom Balmforth Article content FRONTLINE WEST OF KHERSON — R ussian President Vladimir Putin publicly endorsed the evacuation of civilians from parts of Ukraine’s southern Kherson region on Friday, the latest sign of Russia’s retreat in one of the most bitterly contested […]