Deutsche Lufthansa AG expects earnings to rise above pre-pandemic levels in the second quarter as air travel continues its rebound from the pandemic, putting the carrier closer to achieving its longer-term profit goals.
India’s services activity accelerated at the quickest pace in almost 13 years in April, signaling that stronger demand for everything from technology to finance will keep Asia’s third-largest economy firmly on the path to world-beating growth.
Indian Oil Corp. is planning to build a 10 billion rupee ($122 million) sustainable aviation fuel plant as global supplies run significantly short of what’s needed by airlines to meet decarbonization goals.
Oil steadied in Asia after tumbling 5% on Tuesday as data pointed to a possible US recession and investors shunned risk assets.
The recent flurry of bidding activity for Australian lithium producer Liontown Resources Ltd. reflects broader optimism in the sector, according to one of the country’s top miners of the key electric-vehicle battery metal.
BNP Paribas SA relied on its traditional strength in fixed-income and higher interest rates to lift revenue in a challenging first quarter for banks.
Australia’s faster-than-expected population growth could have “unanticipated or more pervasive effects” on the economy, a senior Reserve Bank official said, a day after policymakers unexpectedly raised interest rates.
Lynas Rare Earths Ltd., the biggest producer of the key materials outside of China, said it will need to look at ways to address lost capacity should its Malaysian plant be shut indefinitely.
Chinese financial data providers have recently stopped providing key corporate information to overseas clients, underscoring the growing difficulty foreign firms face when trying to obtain information that Beijing may deem sensitive.
The Federal Reserve is expected to deliver a 25 basis-point interest-rate increase and signal a pause in its aggressive hiking campaign, amid persistent financial-market turmoil and renewed pressure from lawmakers to back off.
