Airbus and Qatar Airways settle bitter dispute over A350s

Airbus and Qatar Airways settle bitter dispute over A350s

PARIS, February 1 (Reuters) – Airbus (AIR.PA) and Qatar Airways have settled a dispute over grounded A350 planes, the companies announced on Wednesday, avoiding a potentially damaging lawsuit in the UK after a blistering 18-month dispute that tore the global jet market apart. The “amicable and mutually acceptable settlement” ends a $2 billion dispute over … Read more

Adani loses Asia’s richest crown as stock rout worsens to $84bn

Adani loses Asia’s richest crown as stock rout worsens to bn

BENGALURU, Feb 1 (Reuters) – Shares in Indian tycoon Gautam Adani’s conglomerate plunged again on Wednesday as the rout of its companies deepened to $84 billion following a U.S. report on sellers at discovered, the billionaire also losing his title of richest in Asia. the person. Wednesday’s stock losses saw Adani slip to 15th on … Read more

Exxon smashes the profits of Western oil majors with $56 billion in 2022

Exxon smashes the profits of Western oil majors with  billion in 2022

HOUSTON, Jan 31 (Reuters) – Exxon Mobil Corp (XOM.N) posted net income of $56 billion for 2022, the company announced Tuesday, bringing in about $6.3 million per hour last year and setting not only a record for the company, but also an all-time high for the western oil industry. The oil majors are expected to … Read more

European luxury stocks have room to rise, but are getting expensive

European luxury stocks have room to rise, but are getting expensive

LONDON, Jan 31 (Reuters) – Shining European luxury companies, the region’s stock market top performers in 2023, could see even more gains thanks to a rebound in Chinese spending, but for some the sector is starting to look dear. The likes of French luxury giant and owner of Louis Vuitton, LVMH, and Swiss jewelry company … Read more

Stocks, dollar gain on the pace of a Fed soft landing

Stocks, dollar gain on the pace of a Fed soft landing

Investors eye major central bank meetings next week Wall Street and major European stock markets end higher Dollar holds gains after US economic data Oil prices stabilize lower on stronger supply outlook NEW YORK, Jan 27 (Reuters) – Global stocks rallied and the dollar edged higher from an eight-month low on Friday as softer inflation … Read more

Europe Inc earnings offer more hope to market optimists

Europe Inc earnings offer more hope to market optimists

ASML results exceeded expectations STOXX 600 set for best January since 2015 Hopes are growing for an economic soft landing EasyJet shares jump after upbeat outlook Microsoft results sow gloom on Wall Street LONDON, Jan 25 (Reuters) – Earnings at major European companies on Wednesday offered reason for optimism about the health of businesses in … Read more

Morning auction: technological tonic, rethinking the recession

Morning auction: technological tonic, rethinking the recession

A look at the day ahead in the US and global markets from Mike Dolan. Inflated hopes for U.S. tech sector earnings in a busy week for corporate updates have generally paired with the latest sign that Europe may have dodged a winter recession. With Microsoft (MSFT.O) at the top of the reports of the … Read more

Canada’s energy jobs transition bill stirs divisiveness in oil heartland

Canada’s energy jobs transition bill stirs divisiveness in oil heartland

Jan 22 (Reuters) – In western Canada’s oil sector, controversy rages over federal government legislation to help the fossil fuel workforce transition to a greener economy, but union and community leaders warn that the politicization of the Just Transition Bill is obscuring the needs of workers. Prime Minister Justin Trudeau’s Liberal government is expected to … Read more

Davos 2023: Recession casts shadow over WEF summit opening

Davos 2023: Recession casts shadow over WEF summit opening

DAVOS, Switzerland, Jan 16 (Reuters) – The prospect of a looming global recession cast a shadow over Davos on Monday as participants gathered for the opening of the World Economic Forum’s annual meeting weighed the likely cost to their economies and their businesses. Two-thirds of chief private and public sector economists surveyed by the WEF … Read more

LVMH appoints a new Louis Vuitton CEO and entrusts his daughter Arnault with the management of Dior

LVMH appoints a new Louis Vuitton CEO and entrusts his daughter Arnault with the management of Dior

Delphine Arnault becomes CEO of Christian Dior Pietro Beccari replaces Michael Burke at Louis Vuitton Burke will continue to work with Arnault PARIS, January 11 (Reuters) – LVMH (LVMH.PA) Chairman and CEO Bernard Arnault has reshuffled the leadership of his luxury empire, tightened his family’s grip with the appointment of his daughter Delphine to head … Read more