Thursday, 28 Mar 2024

Business

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Jet lessor NAC opens new HQ in Limerick

NORDIC Aviation Capital (NAC), the world’s largest lessor of regional aircraft, has opened its Limerick headquarters and says its portfolio now exceeds 500 aircraft. The new Irish base is located at Gardens International, a major urban renewal project in Limerick. The lessor said it generated a business performance of $98.1m (€88.5m) in the first half […]

Young drivers can get £257 off the exact same car insurance with a single change

Choosing to pay monthly for your car insurance could add £257 to the total cost for young drivers, new figures show. Research from GoCompare Car Insurance shows, between them, British motorists pay £544million extra by choosing to pay in in instalments – with the average driver able to save £55.36 by switching to a lump […]

Global FDI dips, hit by Hong Kong divestment, Brexit: U.N.

GENEVA (Reuters) – Global direct foreign investment (FDI) dipped slightly around the world last year, hit by massive divestment in Hong Kong and a drop in flows into Britain due to Brexit uncertainty, the United Nations said on Monday. FDI could rise marginally in 2020 on the back of modest growth as trade tensions between […]

Asia shares pause near high ground, oil jumps on Libya shutdown

SYDNEY (Reuters) – Asian shares held near a 20-month top on Monday even as investors took some money off the table following a strong run recently, while oil jumped to more than a one-week high after two large crude production bases in Libya began shutting down. In early European trades, the pan-region Euro Stoxx 50 […]

Oil jumps to highest in more than a week after Libyan shutdowns

TOKYO (Reuters) – Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows from the OPEC member to be cut to a trickle. Brent crude LCOc1 futures were up by 74 cents, […]

Guoxuan says in talks with Volkswagen, hasn't reached binding agreement

SHANGHAI (Reuters) – Guoxuan High-Tech Co Ltd (002074.SZ) is in talks with Volkswagen AG (VOWG_p.DE) for potential strategic cooperation in technology, product, and capital, the Chinese battery maker wrote in a company filing on Monday. Guoxuan added it has not reached a legally binding agreement with the German automaker regarding the terms and conditions of […]

De Pietro blows wind in the sails of DP

In the early 1990s, Simon De Pietro, the chief executive and founder of DP Energy, had a life-changing decision to make. With years of experience in engineering, De Pietro, who hails from Bristol, was keen for a fresh challenge. He had two offers. The first was a lucrative move to San Diego, California, to continue […]

Morgan Stanley CEO Gorman's total 2019 pay falls 7% to $27 million

NEW YORK (Reuters) – Morgan Stanley (MS.N) Chief Executive James Gorman is receiving $27 million in total compensation in 2019, nearly 7% less than what he got the year before, the company said in a filing on Friday, following a reduction of bonuses staff-wide. The board, which decides the top executives’ pay, called the 61-year-old’s […]

Morgan Stanley CEO Gorman's total 2019 pay falls 7% to $27 million

NEW YORK (Reuters) – Morgan Stanley (MS.N) said on Friday that its board lowered Chief Executive Officer James Gorman’s total compensation for 2019 to $27 million, from $29 million in 2018, according to regulatory filings. Gorman’s compensation is comprised of four parts: a base salary of $1.5 million; a cash bonus of $6.375 million; a […]

Wall Street hits new highs in strongest week since August

(Reuters) – Wall Street climbed to record highs on Friday, with major indexes turning in their strongest weekly gains since August, after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth. Market sentiment brightened further this week after the United States and China sealed […]