Thursday 12 May 2022

Reuters Business: Campari plans new bars to help whet aperitif appetites

Campari plans new bars to help whet aperitif appetites

Campari plans to open several flagship bars for its best-selling spirits in Europe and beyond to help tap into a taste for the Italian aperitif culture, its chief executive said.

Morning Bid: Still too hot

A look at the day ahead from Danilo Masoni.

Futures signal more selling on Wall Street

U.S. stock index futures fell on Thursday, with growth stocks leading declines as investors worried that aggressive interest rate increases to curb decades-high inflation could tip the economy into recession.

Bitcoin's 2021 gains wiped out in stablecoin rout

Cryptocurrencies extended their sell-off on Thursday, with Bitcoin falling to its lowest levels in 16 months as a stampede out of so-called stablecoins sent shockwaves around broader markets.

ECB's Makhlouf says it is time for Governing Council to act

Irish Central Bank Governor Gabriel Makhlouf on Thursday joined a chorus of European Central Bank policymakers calling for the Governing Council to act to tackle inflation, though not necessarily at the same pace as the U.S. Federal Reserve.

Canada banks face 'greenwashing' claims as oil & gas firms obtain sustainable financing

For banks in Canada, one of the world's largest oil producers, it's not easy being green.

Traders see a method to Turkish lira's recent slide

A six-day slide in Turkey's lira has left traders predicting that authorities are now targeting a new level, as weak as 15.5 to the dollar, in a months-long effort to stabilise the exchange rate using its depleted reserves together with other measures.

Coach owner Tapestry cuts profit forecast on China lockdown hit

Tapestry on Thursday signaled strict COVID-19 curbs in China were drying up orders for its luxury handbags and apparel in the fashion world's key growth market, prompting the Kate Spade owner to lower its annual profit projection.

Russian rouble firms to early 2020 levels near 65 vs dollar

The Russian rouble firmed on Thursday, crossing the 70 mark against the euro and heading towards 65 against the dollar as it retained artificial support from capital controls.

Telefonica quarterly profit tops forecast on price rises, cost cuts

Spanish telecom company Telefonica posted a smaller-than-expected fall in first-quarter net profit on Thursday helped by inflation-matching price rises, operating efficiencies and its cloud and cybersecurity business.

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