Rouble hits 2-year high vs euro as Russia cuts rates, makes debt u-turn

(Reuters) -The Russian rouble rose to a more than two-year high against the euro on Friday, supported by capital controls as Russia appeared to make a last-gasp effort to avoid a default and the central bank slashed interest rates by 300 basis points to 14%.

newspaper

29-04-2022

Credit Suisse board has major investors' backing - chairman

Credit Suisse's roughly 10 key investors back the bank's board and its strategy, Chairman Axel Lehmann told Swiss newspaper NZZ.

newspaper

29-04-2022

Dutch airline KLM cancels dozens of flights to relieve pressure on workers

AMSTERDAM (Reuters) -Dutch airline KLM cancelled 47 flights scheduled for this weekend to and from Amsterdam to improve working conditions for its staff, the airline said in a statement, having earlier scrapped dozens of flights scheduled for Friday.

newspaper

29-04-2022

AbbVie misses sales estimates on Humira weakness, shares fall

(Reuters) -AbbVie Inc missed Wall Street estimates for first-quarter sales, hurt by European competition for its blockbuster drug Humira and lower demand for its newer drug Rinvoq, sending shares of the company down 7% on Friday.

newspaper

29-04-2022

Mexico's Citibanamex moves closer to inking sale, executive says

Citibanamex, Citigroup's Mexican consumer banking arm, started sharing information with potential bidders, one of the first steps in a process to find a new owner, Chief Executive Manuel Romo said on Friday.

newspaper

29-04-2022

Factbox - Companies count the cost of ditching Russia

Multinationals that announced their exit from Russia, or suspension of activities there, after Moscow's invasion of Ukraine on Feb. 24 have started to report associated losses.

newspaper

29-04-2022

Negative-yielding corporate debt disappears as euro yields hit 8-year high

Yields on euro investment-grade corporate bonds have climbed to their highest in over eight years, a widely-followed index showed on Friday.

newspaper

29-04-2022

Broad-based euro zone inflation at record high 7.5% in April

Euro zone inflation inched up to a new record high as expected this month, making uncomfortable reading for European Central Bank policymakers already worried that rapid price growth could become entrenched, creating a hard-to-break wage-price spiral.

newspaper

29-04-2022

Record French inflation adds to pressure on Macron

PARIS (Reuters) -French inflation jumped to a record high in April, driven by surging energy prices, preliminary data showed on Friday, putting pressure on newly re-elected president Emmanuel Macron to enact anti-inflation measures promised during his campaign.

newspaper

29-04-2022