Business
Hong Kong’s Cathay Pacific flags up to $893.77 million loss in 2022
(Reuters) -Cathay Pacific Airways Ltd on Friday forecast a fiscal 2022 loss between HK$6.40 billion ($817.18 million) and HK$7.00 billion, but highlighted…
Business
Davos 2023: Cowed crypto crowd feel winter freeze at WEF
By Paritosh Bansal and Divya Chowdhury DAVOS, Switzerland (Reuters) – In the snow and ice on the main drag in Davos, the…
Business
Unilever gets partial win in EU court over Italy competition fine
BRUSSELS (Reuters) – Consumer goods group Unilever secured a partial victory at the European Union’s highest court on Thursday over a 60…
Business
Texas AG to halt most of Citi’s municipal offerings on gun law row
(Reuters) – Citigroup Inc has discriminated against the firearms sector, the office of Texas Attorney General Ken Paxton said, making a decision…
Business
Bankinter’s 58% Q4 net profit rise overshadowed by rise in costs
By Jesús Aguado MADRID (Reuters) -Spain’s Bankinter hit its net profit target in 2022, a year ahead of schedule, powered by higher…
Business
Fed’s Harker says he is ready to downshift to 25-basis-point rate hikes
By Michael S. Derby NEW YORK (Reuters) -Philadelphia Federal Reserve President Patrick Harker reiterated on Wednesday that he is ready for the…
Business
Treasury yields fall after U.S. data, stocks decline
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. 10-year Treasury yields fell to a four-month low on Wednesday as data showed U.S.…
Business
U.S. arrests Bitzlato cofounder, alleges $700 million of illicit funds processed
By Daphne Psaledakis, Raphael Satter and Chris Prentice WASHINGTON (Reuters) – U.S. authorities said on Wednesday they have arrested the majority shareholder…
Business
Yen drops as BOJ sticks to ultra-easy policy, sterling hits 1-mth high
By Ankur Banerjee and Samuel Indyk SINGAPORE/LONDON (Reuters) – The yen dropped against major currencies on Wednesday after the Bank of Japan…
Business
Party City files for Chapter 11 bankruptcy protection
(Corrects company headquarters in paragraph 4 to Woodcliff Lake, not Rockaway; the error appeared in a previous version of the story as…