Banco BPM posts better-then-expected Q1 profit on lower loan loss charges
MILAN (Reuters) – Italys Banco BPM on Thursday posted a higher-than-expected first-quarter net profit helped by higher revenues and lower loan writedowns.
Japans Kishida seeking a U.S. return to trans-Pacific trade pact
LONDON (Reuters) – Japan will patiently seek the return of the United States to the trans-Pacific trade pact and will collaborate with Britain over the issue, Prime Minister Fumio Kishida said on Thursday.
Trainline jumps after ‘strong growth’ forecast
LONDON (Reuters) – British rail ticketing company Trainline forecast “strong growth” this year, with revenue rising above pre-pandemic levels to 280-310 million pounds, and core earnings of 70-75 million pounds, both ahead of market expectations.
Column-Its time for U.S. Congress to debate Social Security reform in the light of day
By Mark Miller (Reuters) – Social Security has never failed to make its benefit payments since the mailing of monthly checks began in 1940, but most Americans these days are worried about the future of the program.
Avolon says jet lease fees to rise on higher interest rates
DUBLIN (Reuters) – The head of the worlds second-largest aircraft leasing company warned airlines on Thursday of higher lease rates and declared “the game is up” on below-cost financing as interest rates rise.
Finlands Paulig sells Russia operations to Indian investor
By Marie Mannes (Reuters) – Privately owned food and drink company Paulig said on Thursday it had sold its operations in Russia to private Indian investor Vikas Soi, joining a scramble among Finnish companies to exit the country amid worries Moscow may seize assets.
Factbox-How is Elon Musk funding his $44 billion offer to buy Twitter
(Reuters) – Elon Musk has won the backing of some of the worlds wealthiest investors for his $44 billion takeover of Twitter Inc.
Germanys PCK Schwedt refinery faces output cuts without Russian oil
LONDON (Reuters) -Germanys 233,000 barrel-per-day PCK Schwedt refinery is set to reduce output as it stops using Russian oil, which it now receives via the Druzhba pipeline, the chief executive of its minority shareholder Shell said on Thursday.
Exclusive-Brookfield taps banks to launch stake sale in French towers firm TDF -sources
By Pamela Barbaglia and Andres Gonzalez LONDON (Reuters) – Canadas Brookfield Asset Management is working with banks to launch the sale of its 45% stake in French towers firm TDF Group as it seeks to capitalize on growing demand for key infrastructure assets across Europe, sources
Brazils government-owned oil sales to climb sharply, official says
By Sabrina Valle HOUSTON (Reuters) – Brazils direct sales of crude will more than double this year and rise sharply this decade, as oil majors deliver more of their output to the government under production sharing agreements, according to a state official.
ECBs Rehn calls for July rate hike
HELSINKI (Reuters) – The European Central Bank should hike its deposit rate in July by 0.25 percentage points, the ECBs policy maker Olli Rehn told a Finnish daily on Thursday.
U.S. banking regulators propose update to fair lending rules
WASHINGTON (Reuters) – A trio of U.S. banking regulators unveiled Thursday a renewed attempt to update fair lending rules for banks, with an eye toward modernizing the rules to reflect the rise of online banking while clarifying requirements for the industry.
Japan to add 140 individuals to Russian sanction list – PM Kishida
LONDON (Reuters) – Japanese Prime Minister Fumio Kishida said on Thursday that 140 individuals would be added to a Russian asset freeze list while an export ban will be expanded to Russian military firms.
Lufthansa examines ITA Airways as finance data opened to bidders
By Zuzanna Szymanska and Francesca Landini
Oil releases so far are just 9% of stocks, “can come back again if a problem” – IEA head
MILAN (Reuters) – The two oil stock releases carried out so far amount to only 9% of overall stocks, Fatih Birol, head of the International Energy Agency (IEA), said on Thursday.
U.S. Senate committee to consider bill pressuring OPEC oil group
WASHINGTON (Reuters) – A U.S. Senate committee is set to vote Thursday on a bill that could expose the OPEC oil producing countries and their partners to lawsuits for collusion on boosting crude prices, although similar moves have failed to pass through Congress in the past.
Walgreens reaches $683 million opioid settlement with Florida
By Dietrich Knauth (Reuters) – Walgreens Boots Alliance said on Thursday it has reached a $683 million settlement with Florida to resolve claims that the pharmacy chain exacerbated an opioid epidemic in the state.
Nikola posts wider quarterly loss as production costs rise
(Reuters) -Nikola Corp reported wider quarterly losses on Thursday, with the electric-truck maker incurring higher costs as it ramped up production of its electric semi trucks.
No messing around, central banks ramp up inflation fight
LONDON (Reuters) – In a race to get on top of surging inflation, central banks in the United States, Britain and Australia, all jacked up interest rates this week.
Greek bank Pancretan cleared for $104 million rights issue
ATHENS (Reuters) – Greek lender Pancretan Bank received shareholder approval on Thursday for a 98.7 million euro ($104.27 million) one-for-one rights issue and a name change to Candia Bank after its merger with small cooperative lender Chania Bank.