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Turkish Airlines mulls IPOs and joint ventures for cargo, regional units
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Australia power crisis forces manufacturers to eye offshore moves, production cuts
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Colombia elects former guerrilla Petro as first leftist president
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Analysis-Nerve-racking week leaves bond investors calling for fast rate hikes
Credit Suisse pays up to redeem A1 bond, sends ‘message to the market’
Date: June 17, 2022
LONDON (Reuters) – Scandal-hit lender Credit Suisse has opted to tap investors for a pricier dollar bond in order to repay a $1.5 billion capital-boosting issue, a measure investors say was necessary to avoid raising concern over its ability to pay debt. Credit Suisse’s bond issue raised $1.65 billion at a 9.75% interest rate, according...
Global markets quake as central banks grow more hawkish
Date: June 17, 2022
By Saqib Iqbal Ahmed, Tom Westbrook and Dhara Ranasinghe NEW YORK (Reuters) – Expectations for how drastically central banks need to tighten monetary policy to fight soaring inflation have taken another leap higher, shaking up global markets and rattling investors. Among the eye-catching moves from monetary authorities in recent days have been a 75-basis-point increase...
Kate Bush tops UK charts with 1985 hit thanks to ‘Stranger Things’
Date: June 17, 2022
LONDON (Reuters) – British singer and songwriter Kate Bush topped the UK singles chart with her 1985 hit “Running Up That Hill” on Friday, setting several records with the song that has enjoyed a resurgence thanks to Netflix show “Stranger Things”. “Running Up That Hill (A Deal With God)” peaked at No. 3 upon its...
Ukraine to start power trading with EU in June – sources
Date: June 17, 2022
By Marek Strzelecki, Kate Abnett and Pavel Polityuk WARSAW (Reuters) – Ukraine is expected to start selling electricity to Slovakia and Hungary this month, a move that could boost revenues for power generators in the country, sources told Reuters. The expansion of power trade with Europe, which is currently curtailed to limited amounts sold to...
Heatwave puts Europe’s energy systems to the test
Date: June 17, 2022
By Isla Binnie and Kate Abnett MADRID/BRUSSELS (Reuters) – A heatwave in parts of Europe has piled pressure on energy systems as demand for air-conditioning risks driving prices higher and adding to the challenge of building up stocks to protect against any further cuts to Russian gas supplies. Sweltering temperatures have arrived earlier than usual...
Britain’s Boris Johnson meets Zelenskiy on surprise Kyiv trip
Date: June 17, 2022
KYIV (Reuters) -British Prime Minister Boris Johnson offered to launch a military training programme for Ukrainian forces on Friday as he met President Volodymyr Zelenskiy in Kyiv on his second trip to the Ukrainian capital since Russia’s invasion. Johnson, who survived a no confidence vote earlier this month, was greeted by Zelenskiy as a “great...