02 June

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Counter inflation with rate hike, Bavarian minister urges ECB By Reuters

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BERLIN (Reuters) - Higher inflation is compounding the plight of savers and the European Central Bank should respond by raising its interest rates from 0%, Bavaria's finance minister, Albert Fueracker, told daily Bild in comments published on Wednesday. Germany's annual consumer price inflation accelerated in May, advancing further above the ECB's target of close to but below 2%, the Federal Statistics Office said on Monday. Consumer prices, harmonised to make them comparable with inflation data from other European Union countries, rose by 2.4% in May, up from 2.1% in April. "Germany is a country of...

02 June

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The $15 billion jet dilemma facing Boeing’s CEO By Reuters

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By Eric M. Johnson and Tim Hepher SEATTLE/PARIS (Reuters) - Boeing (NYSE:BA) Co CEO Dave Calhoun faces a multibillion-dollar dilemma over how to rebuild sales in its core airliner business that has sparked an internal debate and put the future of the largest U.S. exporter on the line, industry insiders say. Boeing is reeling from a safety scandal following crashes of its 737 MAX airliner and an air travel collapse caused by the pandemic. Those crises have overshadowed a deeper, longer term risk to the company's commercial passenger jet business. Boeing's share of the single-aisle...

02 June

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Ryanair says flights filling up very strongly in June, July, August By Reuters

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DUBLIN (Reuters) - Ryanair Group Chief Executive Michael O'Leary said the low cost airline's flights are filling up very strongly through June, July and August with fares at their lowest ever summer levels. "Fares have been lower than they have ever been before because we don't have the normal advanced bookings already in the system for June, July and August. People who have been locked up in Britain and Ireland are bursting to go on holidays," O'Leary told Sky News in an interview. ...

02 June

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Quantum Blockchain Technologies shares jump on Bitcoin mining partnership By Investing.com

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By Samuel Indyk Investing.com – Shares in Quantum Blockchain Technologies (LON:QBTQ) were trading higher by over 17% in early trade on Wednesday after the company announced a partnership aimed at optimising the Bitcoin mining process. The AIM-listed company said it had entered into a one-year service agreement with a UK-based international cryptography expert whose specialism is cryptocurrency mining blockchain optimisations. Implementation of the first set of existing optimisations is expected to be ready for testing in the coming weeks and Quantum believes this could eventually result in faster execution and energy saving. The aim is...

02 June

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Tullow Oil’s Dorothy Thompson to step down as chairwoman By Reuters

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(Reuters) - Africa-focused Tullow Oil (LON:TLW) said on Wednesday Chairwoman Dorothy Thompson would step down at the end of the summer after nearly three years in the role and the company is looking for a replacement. Thompson, one of only a handful of women chairing a London-listed company, said it was the right time for her to step back after Tullow last month emerged from a financial overhaul with a $1.8 billion bond and a new business plan under top boss Rahul Dhir. "My time with Tullow has been interesting and challenging and Tullow...

02 June

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Energy, consumer staples stocks boost FTSE 100; Bloomsbury jumps By Reuters

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(Reuters) - London's FTSE 100 index edged higher on Wednesday, helped by gains in heavyweight energy and consumer staples stocks, while Bloomsbury Publishing jumped following a strong earnings update. The blue-chip index rose 0.5%, with oil majors BP (LON:BP) and Royal Dutch Shell (LON:RDSa) climbing 0.7% and 1% respectively, on higher crude prices. [O/R] Large dollar-earning consumer staples companies including Reckitt Benckiser Group, Diageo (LON:DGE) and Unilever (LON:ULVR) provided the biggest boost to the index. The domestically focused mid-cap FTSE 250 index advanced 0.3%, touching a record high. Bloomsbury...

02 June

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European stocks hover near record high as oil shares bounce By Reuters

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(Reuters) - European stocks inched toward record levels on Wednesday, helped by energy and consumer stocks, while strong economic data from U.S. and Europe buoyed investor sentiment. The pan-European STOXX 600 index rose 0.4% in early trading, after touching a record high in the previous session. A strong expansion in U.S. and European factory activity in May lifted world shares to record highs on Tuesday, with investors looking to U.S. jobs data on Friday for confirmation of a solid recovery in the world's largest economy. Oil and gas stocks rose 1.1% to lead sectoral gains...

02 June

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Dollar gets respite from pick up in U.S. manufacturing before jobs report By Reuters

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By Kevin Buckland TOKYO (Reuters) - The dollar clung to small gains from overnight on Wednesday, edging back from near a five-month trough versus major peers, as a pick up in U.S. manufacturing kept bets alive for a quicker normalisation of Federal Reserve policy. The dollar index, which measures the greenback against six rivals, hovered just below 90 after dipping to as low as 89.662 on Tuesday and approaching the lowest since Jan. 7 at 89.533. Likewise, the euro traded at $1.2222 after pulling back from near a multi-month top overnight, when it climbed to $1.22545....

02 June

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Wizz Air warns of more losses if restrictions not lifted By Reuters

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(Reuters) - Hungarian low cost airline Wizz Air Holdings Plc said on Wednesday it expected to see losses in fiscal 2022 unless pandemic restrictions are permanently lifted, after reporting an annual loss of 482.4 million euros ($589.35 million). The company said it expects to operate in full capacity only in fiscal 2023. ($1 = 0.8185 euros) ...

02 June

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Analysis: ‘Greenium’ shrinks as climate bond sales swell to record By Reuters

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By Yoruk Bahceli (Reuters) - Investors have long paid a premium to get hold of scarce green bonds, but record issuance might be about to change that. Bonds sold to fund environmentally-beneficial projects have tended to command higher prices and lower yields than conventional bonds. But that differential -- dubbed the greenium -- all but vanished in April in the euro corporate bond market. Comparing option-adjusted credit spreads on an index of euro green bonds with a comparable index of conventional bonds, the Association for Financial Markets in Europe, an industry body, found investors...

Меню

Counter inflation with rate hike, Bavarian minister urges ECB By Reuters

The $15 billion jet dilemma facing Boeing’s CEO By Reuters

Ryanair says flights filling up very strongly in June, July, August By Reuters

Quantum Blockchain Technologies shares jump on Bitcoin mining partnership By Investing.com

Tullow Oil’s Dorothy Thompson to step down as chairwoman By Reuters

Energy, consumer staples stocks boost FTSE 100; Bloomsbury jumps By Reuters

European stocks hover near record high as oil shares bounce By Reuters

Dollar gets respite from pick up in U.S. manufacturing before jobs report By Reuters

Wizz Air warns of more losses if restrictions not lifted By Reuters

Analysis: ‘Greenium’ shrinks as climate bond sales swell to record By Reuters

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