Notizia

Germany's flag carrier Lufthansa reported a bigger-than-expected quarterly loss on Thursday as rising fuel costs cancelled out revenue gains from booming travel demand after lifted COVID-19 restrictions.

French lender Societe Generale said on Thursday it would have additional costs as a result of the war in Ukraine because more customers would be unable to repay their loans, underscoring the ever wider economic damage in Europe.

WASHINGTON (Reuters) -The U.S. Senate on Wednesday moved to begin formal legislative talks on a long-stalled bill to pay for $52 billion in semiconductor chips manufacturing subsidies and boost U.S. competitiveness with China.

Oil prices edged higher on Thursday, extending gains from the previous session, as a European Union proposal for new sanctions against Russia, including an embargo on crude in six months, offset concerns over Chinese demand.

China's services sector activity contracted at the second-steepest rate on record in April, as COVID curbs halted the industry, leading to sharper reductions in new business and employment, a private-sector survey showed on Thursday.

WASHINGTON (Reuters) -The U.S. Congress edged closer on Wednesday toward completing a long-stalled bill authorizing hundreds of billions of dollars to boost the country's ability to compete with Chinese technology, with Senate votes on motions addressing a range of issues, including Iran policy.

(Reuters) -Major U.S. banks including JPMorgan Chase & Co, Wells Fargo Bank and Citibank have raised their prime rate to 4%, effective Thursday.

Proxy advisory firm Institutional Shareholder Services (ISS) recommended on Wednesday that investors vote against the pay of top executives at JP Morgan Chase & Co, at its upcoming annual shareholder meeting.

Oil prices edged higher at the start of Asian trade on Thursday, extending gains from the previous session, after the European Union proposed new sanctions against Russia that included an embargo on crude oil in six months.