AmEx profit beats as pandemic curbs ease, aiding spending recovery
American Express Co (AXP.N) on Friday reported a higher profit that topped Wall Street estimates for the fourth straight quarter, underpinning a recovery in spending from consumers emboldened by an easing of COVID-19 restrictions.
EXCLUSIVE EQT seeks 4 bln euros for Polman-advised impact-driven fund
LONDON, Oct 20 (Reuters) – Swedish private equity firm EQT (EQTAB.ST) is looking to raise 4 billion euros ($4.6 billion) for a fund aiming to create a positive environmental and social impact at its portfolio companies through longer-term investments. The fund, EQT Future, will invest in “mature companies with market-shaping impact potential” through safeguarding the planet’s resources […]
Wage dispute deepens at German public banks as inflation fears persist
A labour dispute at Germany’s public-sector banks deepened on Wednesday after a third round of talks failed to reach agreement, with inflation fears prompting unions to stand firm over demands for higher wages.
Wall St grinds higher on solid healthcare earnings; supply woes linger
U.S. stock indexes edged higher on Wednesday, helped by strong quarterly updates from healthcare companies including Anthem and Abbott, while worries remained about the impact of supply chain constraints and inflation on corporate earnings.
World must triple clean energy investment by 2030 to curb climate change -IEA
Investment in renewable energy needs to triple by the end of the decade if the world hopes to effectively fight climate change and keep volatile energy markets under control, the International Energy Agency (IEA) said on Wednesday.
Business jet makers look to tap surging corporate travel demand at Las Vegas air show
Planemakers are likely to unveil new orders and models at the world’s largest business jet show this week as they aim to cash in on a boom in private travel, but executives warn of headwinds due to a capacity crunch.
Marketmind: Earnings face the inflation test
After weeks of debate about the supposedly transitory nature of higher inflation and its potential monetary policy implications, markets are about to find out how rising input costs impacted companies during the third 2021 quarter.
Analysis: Corporate business travel ‘carbon budgets’ loom for airlines
As major companies look at drastic ways to cut carbon emissions from corporate travel, airlines are bracing for a major hit to business-class travel, a key revenue driver, industry executives and experts say.
Exclusive: U.S. opens probe into 30 million vehicles over air bag inflators
U.S. auto safety investigators have opened a new probe into 30 million vehicles built by nearly two dozen automakers with potentially defective Takata air bag inflators, a government document seen by Reuters on Sunday showed.
Cathay Pacific lowers Q4 capacity forecast as travel restrictions linger
Hong Kong’s Cathay Pacific Airways Ltd (0293.HK) said on Monday it had lowered its passenger capacity forecast for the remainder of the year to 13% of pre-COVID levels, down from an earlier 30% target for the fourth quarter as travel restrictions linger.
