Town Hall News

(Reuters) – Germany’s Lufthansa said on Friday it had returned to a “clearly positive result” in 2022 despite high cost inflation and fuel prices, boosted by a strong increase in demand for air travel following the loss-making years of the pandemic. The company reported a full-year operating profit of 1.23 billion euros ($1.30 billion) for 2022, compared to a loss of 2.3 billion euros the previous year, but below a […]

By Scott Murdoch and Nandan Mandayam SYDNEY/BENGALURU (Reuters) -Four firms under India’s embattled Adani Group saw their share prices surge on Friday after global investor GQG Partners Inc bought stakes for $1.87 billion, allaying concern about Adani’s ability to attract funds. The stake purchases comprised the first major investment in billionaire Gautam Adani’s conglomerate since a short-seller’s critical report resulted in seven of the Indian group’s listed firms losing more […]

By Scott Murdoch and Nandan Mandayam SYDNEY/BENGALURU (Reuters) -Four firms under India’s embattled Adani Group saw their share prices surge on Friday after global investor GQG Partners Inc bought stakes for $1.87 billion, allaying concern about Adani’s ability to attract funds. The stake purchases comprised the first major investment in billionaire Gautam Adani’s conglomerate since a short-seller’s critical report resulted in seven of the Indian group’s listed firms losing more […]

By Krishn Kaushik and Simon Lewis NEW DELHI (Reuters) – Russia cannot be allowed to wage war with impunity, U.S. Secretary of State Antony Blinken and his counterparts from India, Japan and Australia said in a statement on Friday following a meeting in New Delhi. The so-called Quad group also said that the use, or threat of use, of nuclear weapons in Ukraine was “inadmissible”. Late last month, Russian President […]

By Davide Barbuscia NEW YORK (Reuters) – U.S. firm Capital Group, one of the world’s largest investment management companies which manages about $2.2 trillion in equity and fixed income assets, said the beating that markets took last year made it more bullish on long-term stock and bond returns. “After a tumultuous year that saw double-digit declines in most equity and fixed income asset classes, our 20-year return assumptions are higher […]

By Krishn Kaushik and Simon Lewis NEW DELHI (Reuters) – Russia cannot be allowed to wage war with impunity, U.S. Secretary of State Antony Blinken and his counterparts from India, Japan and Australia said in a statement on Friday following a meeting in New Delhi. The so-called Quad group also said that the use, or threat of use, of nuclear weapons in Ukraine was “inadmissible”. Late last month, Russian President […]

ISTANBUL (Reuters) – Turkey’s six-party opposition alliance said it will announce on Monday its joint candidate to challenge President Tayyip Erdogan in the presidential election, little more than two months before the vote is set to be held. Erdogan indicated on Wednesday that elections will be held on May 14, sticking to his previous plan for the vote with a date just over three months after a devastating earthquake killed […]

A look at the day ahead in European and global markets from Ankur Banerjee All it took was a bit of a hint that the Federal Reserve may stick to its moderate monetary tightening path for the market to attempt a risk-on rally to end the week. Futures indicate that the buoyant mood is set to continue in Europe, with the continent-wide STOXX 600 looking to end yet another week […]

A look at the day ahead in European and global markets from Ankur Banerjee All it took was a bit of a hint that the Federal Reserve may stick to its moderate monetary tightening path for the market to attempt a risk-on rally to end the week. Futures indicate that the buoyant mood is set to continue in Europe, with the continent-wide STOXX 600 looking to end yet another week […]