The messages from the Fed's minutes could not be clearer. First, despite the blowout March payrolls report, labour markets are nowhere near its threshold for reining in easy monetary policy. And the Fed aims to let inflation average 2% for some time before contemplating any tightening.
Avelo Airlines, an ultra-low-cost carrier created by a former United Airlines executive, made its debut on Thursday with plans for service between secondary airports on the U.S. West Coast and one-way fares starting at $19.
Italy's Illy Group has hired Mediobanca as financial adviser to find a minority investor for its Polo del Gusto portfolio of food ventures, Chairman Riccardo Illy was quoted as saying by daily paper Il Sole 24 Ore on Thursday.
Italy's Illy Group has hired Mediobanca as financial adviser to find a minority investor for its portfolio of food ventures dubbed Polo del Gusto, Chairman Riccardo Illy was quoted as saying on Thursday in daily Il Sole 24 Ore.
President Joe Biden on Wednesday made a fiery appeal for U.S companies to foot most of the bill for his $2 trillion-plus infrastructure plan, but signaled an openness to negotiate over exactly how much they would have to pay.
A Brazilian Supreme Court judge on Wednesday suspended extensions of drug patents in the country, a preliminary decision that could lower costs for drugs critical to treating COVID-19 patients at the expense of pharmaceutical firms.
In trading on Wednesday, shares of Newmont Corp (Symbol: NEM) crossed below their 200 day moving average of $62.12, changing hands as low as $61.69 per share. Newmont Corp shares are currently trading down about 1.4% on the day. The chart below shows the one year performance
Swiss luxury watch brands have long considered the market for second-hand watches as a potential threat to their business, but now their view is shifting as they see it can provide valuable insights into pricing and demand.
Europe's Airbus accelerated jet deliveries in March, putting it within reach of matching or even eclipsing last year's first-quarter total, which was only partially affected by the coronavirus crisis, tracking estimates showed on Wednesday.
U.S. President Joe Biden will sharpen arguments for his $2 trillion-plus new spending proposal in a speech on Wednesday challenging opponents of the plan and the taxes that would be raised to pay for it.
Airlines will fight attempts by suppliers and airports, including Heathrow, to cover pandemic losses by raising charges, the new head of industry body IATA said on Wednesday, as he promised "strong and aggressive" resistance to such moves.
Canada's Teck Resources and its smelter customers Glencore and Korea Zinc have nearly halved treatment and refining charges (TC/RCs) in a deal for 2021 to $159 per tonne due to tight mine supply, Fastmarkets reported.
The French government will continue giving strong support to the air transport industry throughout the COVID-19 pandemic, Finance Minister Bruno Le Maire said on Wednesday.
Nike Inc has suspended its endorsement of Houston Texans' Deshaun Watson following civil lawsuits accusing the NFL quarterback of sexual assault and inappropriate conduct, the sportswear giant said on Wednesday.
Nike Inc has suspended endorsement of Houston Texans' Deshaun Watson after civil lawsuits accusing the NFL quarterback of sexual assault and inappropriate conduct arose earlier this month, the sportswear giant said on Wednesday.
El Al Israel Airlines said on Wednesday it plans to raise at least $105 million through an offering of shares, options or both to meet a key condition to receive a government bailout package.
Luxury Swiss watchmakers, usually not big fans of online retailing, are launching a new all-digital Watches & Wonders event on Wednesday to display their latest products, hoping to revive sales hit by the coronavirus crisis.
The European Union's slow COVID-19 vaccine rollout will damage Ryanair's prospects in the coming year, Europe's biggest low-cost airline said on Wednesday, as it flagged a smaller than expected loss for its financial year just ended.
Ryanair on Wednesday said it expected to post a smaller than expected loss in the year to the end of March and said the Irish airline expected to be "close to breakeven" in its current financial year.
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