Thursday, 19 May 2022

Reuters Business: Spirit Airlines calls for shareholders to reject JetBlue bid

Spirit Airlines calls for shareholders to reject JetBlue bid

Spirit Airlines urged shareholders to reject a hostile bid by JetBlue Airlines on Thursday, saying it was "a cynical attempt to disrupt" its merger with Frontier .

ECB accounts shows inflation worry; urgency of policy action

European Central Bank policymakers expressed widespread concern about the spread of inflation and made the case for continued policy normalisation, the accounts of their April 14 meeting showed on Thursday.

Volkswagen, Mahindra explore partnership for electric vehicle components

Germany's Volkswagen AG is exploring a partnership to supply electric components to Indian automaker Mahindra and Mahindra , the companies said on Thursday.

Grab reports rise in revenue on strong demand for food delivery

Grab Holdings Ltd , Southeast Asia's No. 1 ride-hailing and food delivery firm, on Thursday reported a 6% rise in quarterly revenue as more people ordered food online.

Startup Gatik says it will put self-driving trucks on the road in Kansas

Autonomous delivery truck startup Gatik on Thursday said it will be putting its box trucks on the road in Kansas after state officials gave it and its partner and customer Walmart Inc the go-ahead.

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Sponsored by Rohde & Schwarz: 6G: vision or reality?

Rohde & Schwarz shapes tomorrow's wireless communications beyond 5G. From sci-fi to reality, the T&M expert takes connectivity to the next level.

Read the full story now

Mexican economy likely grew 1.8% in April y/y, estimate shows

Mexico's economy likely grew by 1.8% in April compared with the same month a year earlier, a preliminary estimate from national statistics agency INEGI showed on Thursday.

Kohl's becomes latest retailer to warn of inflation eating into profits

Kohl's Corp cut its full-year earnings forecast on Thursday, joining some of America's biggest retailers in warning that a four-decades high inflation is starting to take a toll on profit margins and consumer spending power.

ECB to force UK-based investment banks to relocate staff, trading

Too many global investment banks continue to serve euro zone clients out of London and the European Central Bank plans to force them to relocate senior staff and trading activity to the bloc, ECB supervisory chief Andrea Enria said on Thursday.

As ECB pares back stimulus, investors alert for fragmentation risk

As the European Central Bank races towards the stimulus exit to tame record-high inflation, angst about whether it can contain stress in weaker economies is creeping back into corners of bond markets.

BlackRock, JPMorgan, others tell Texas they don't boycott energy companies

BlackRock Inc , JPMorgan Chase & Co and other top financial firms have told a Texas official they are not boycotting energy companies, responding to a request for information that could determine if they are able to continue to manage state funds.

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