MUMBAI (Reuters) – Jet Airways shares sank 34 percent on Thursday in a sign investors were skeptical about a revival, even as lenders to the carrier said they are “reasonably hopeful” the bidding process for the grounded Indian airline will end successfully. Jet Airways, once India’s largest private airline, on Wednesday evening halted all flight […]
(Reuters) – T. Rowe Price funds slashed Tesla Inc holdings in the first quarter, data showed on Wednesday, as the institutional investor continued to cut its positions in the electric vehicle maker. The firm, which has been one of the largest investors in the Silicon Valley company, sold off 92 percent of its prior holdings […]
The displays are dazzling, with platforms twirling and lasers dancing off the fenders of the latest and greatest vehicles around. But the New York International Auto Show won’t open to the public until Saturday, and the press preview days are still underway. Welcome to the preshow off-site launch circuit. For two weeks, the New York […]
WASHINGTON • The United States trade deficit in February fell to its lowest level in eight months, thanks in part to rising aircraft and auto exports, according to government data released yesterday. The trade deficit – which fell for the second month in a row after hitting a 10-year high in December – was also […]
NEW YORK (Reuters) – Strategists at the world’s largest asset manager BlackRock Inc told their financial adviser clients on Wednesday to look at cutting back on risk and lower expectations for high returns on stocks and bonds. “We may get another leg-up from earnings but I would say the type of returns we experienced in […]
NEW YORK (Reuters) – Plunging healthcare stocks dragged Wall Street lower on Wednesday, offsetting a spate of upbeat corporate earnings and encouraging economic data from the United States and China. All three major U.S. stock indexes were down, but the S&P 500 slipped to more than a percent below its record high reached in September. […]
MUMBAI/NEW DELHI (Reuters) – Embattled Jet Airways said on Wednesday it was halting all flight operations after its lenders rejected its plea for emergency funds, potentially bringing the curtains down on what was once India’s largest private airline. The carrier, saddled with roughly $1.2 billion of bank debt, has been teetering for weeks after failing […]
Web Summit founder Paddy Cosgrave has spent what he described “a very small amount” of about €20,000 on Facebook ads highlighting Ireland’s corporation tax regime. The advisements, which came from the Irish Tax Agency Facebook page, were targeted at people working for the European Commission, the OECD, and the International Monetary Fund. In addition, people […]
WASHINGTON (Reuters) – The U.S. trade deficit fell to an eight-month low in February as imports from China plunged, suggesting President Donald Trump’s “America First” agenda was starting to bear fruit. The surprise narrowing in the trade gap reported by the Commerce Department on Wednesday also implied a much stronger pace of U.S. economic growth […]
STOCKHOLM (Reuters) – Mobile telecom equipment maker Ericsson beat first-quarter result forecasts on Wednesday due mainly to strong growth in North America as the company raised its full-year outlook for the global networks market. The Swedish company has shown steady improvement in profitability after slashing costs and seeing increasing demand for 5G equipment as it […]