IAG SA raised its full-year earnings outlook after reporting a surprise profit in the typically weak first quarter, highlighting how the airline industry has rapidly bounced back from the depths of the pandemic slump.
(Bloomberg) — The European Central Bank’s newfound status as the standard-bearer of monetary tightening sets up President Christine Lagarde for a tussle with investors doubting how long the euro zone can plow its own course.
China’s weaker developers tumbled in Friday trading as exchanges issued risk warnings, including the potential for delisting.
Xiamen Yan Palace Bioengineering Co., a Chinese edible bird’s nest producer, is considering a Hong Kong initial public offering that could raise about $200 million, according to people familiar with the matter.
(Bloomberg) — Bank of France Governor Francois Villeroy de Galhau said he backs the European Central Bank’s current approach of smaller interest-rate increases over the half-point step some of his colleagues would have preferred.
Nigeria’s debt burden is poised to jump 50% after the nation’s parliament approved President Muhammadu Buhari’s request to convert 22.7 trillion naira ($49 billion) of loans from the central bank into bonds.
Numis Corp. reported a 55% drop in pretax profit for the six months to March, in what’s likely to be the boutique investment bank’s final interim set of results as an independent firm before it is absorbed by Deutsche Bank AG.
Gold headed for its biggest weekly advance since the middle of March as renewed worries about the US banking sector fueled bets that the Federal Reserve may have to cut rates sooner than anticipated.
A top Greater China fund is joining Warren Buffett in voicing concerns over Taiwan Semiconductor Manufacturing Co.
Philippines President Ferdinand Marcos Jr. said the US can’t use military bases in his country for “offensive action” against China in the event of a future war over Taiwan, as the Southeast Asian nation continues to balance strengthening American defense ties with increasing pressure from Beijing.
