A scenic flight company more than three decades old is shutting down as the ongoing effects of Covid-19 border closures prove too tough to survive. Mountain Air Volcanic Flights, which operates out of Ruapehu, announced its decision to close this week. According to its website, Mountain Air was established as a scenic flight operation in […]
(Reuters) – U.S. stock index futures slid on Tuesday as energy stocks dropped while investors awaited remarks from Fed Chair Jerome Powell and Treasury Secretary Janet Yellen for clues on the pace of economic rebound.FILE PHOTO: People are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York City, U.S., March […]
WASHINGTON (Reuters) – Asian stocks were set to track Wall Street gains on Tuesday as bond yields pulled back, easing concerns about inflation although investors are keeping a close eye on rising COVID-19 cases in Europe.FILE PHOTO: A man is reflected on a stock quotation board in Tokyo, Japan February 26, 2021. REUTERS/Kim Kyung-HoonHong Kong’s […]
Travel shares have dropped sharply on growing fears of another lost summer for foreign holidays. British Airways owner International Airlines Group (IAG) was the biggest faller on London’s FTSE 100, losing 5%, with aircraft engine maker Rolls-Royce not far behind, shedding 4%. Shares in easyJet fell 5% while Dublin-based rival Ryanair was nearly 3% lower, […]
WASHINGTON — President Biden’s economic advisers are preparing to recommend spending as much as $3 trillion on a sweeping set of efforts aimed at boosting the economy, reducing carbon emissions and narrowing economic inequality, beginning with a giant infrastructure plan that may be financed in part through tax increases on corporations and the rich. After […]
(Reuters) – The S&P 500 and the Nasdaq were headed for a higher opening on Monday as technology stocks looked set to rebound from a recent pullback that was sparked by a surge in bond yields.FILE PHOTO: People are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York City, U.S., […]
FILE PHOTO: The logo and trading information for Lazard Ltd appear on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. REUTERS/Brendan McDermid(Reuters) – Two special purpose acquisition companies (SPACs) backed by investment bank Lazard Ltd are aiming to raise as much as $500 million […]
Deliveroo has revealed that its looming flotation in London will value the company at up to £8.8bn. The food delivery app said on Monday that it had set a price range for its listing of between £3.90 and £4.60 per share. The range reflects the prospect of a big appetite for shares in the company, […]
SYDNEY (Reuters) – Asian markets faced a fresh stress test on Monday as a plunge in the Turkish lira lifted the safe-haven yen and blunted risk appetite, although the fallout so far looked to be relatively contained.Slideshow ( 2 images )The dollar was trading almost 15% higher on the lira at 8.3000 after President Tayyip […]
Struggling airlines have been given a further $170 million lifeline for flying freight they say will help rebuild passenger routes when travel recovers. The Government has already allocated $372m support airfreight connectivity for the original scheme and the new funding will run to October but is unlikely to bring down freight prices which have sky-rocketed […]