OSLO (Reuters) – Norwegian Air said on Friday it had booked an impairment loss of 12.8 billion Norwegian crowns ($1.5 billion) in the fourth quarter from its plans to cut its fleet of owned and leased aircraft and cancel aircraft orders.FILE PHOTO: Norwegian Air Sweden Boeing 737-800 plane SE-RRY approaches Riga International Airport in Riga, Latvia January 17, 2020. REUTERS/Ints […]
Read moreTOKYO (Reuters) – The Japanese government said on Friday it would end a state of emergency in all but Tokyo and three neighbouring prefectures at the end of this month, a week earlier than scheduled, as new coronavirus cases decline.FILE PHOTO: Pedestrians wearing protective masks amid the coronavirus disease (COVID-19) outbreak, make their way in Tokyo, Japan, February 2, 2021. […]
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The yield on the U.S. 10-year Treasury note briefly surpassed 1.6% on Thursday, its highest in over a year, fueled by expectations for higher economic growth and inflation. Corporate earnings reports in Europe Friday come from British Airways parent IAG, LafargeHolcim, BASF, Deutsche Telekom, Suez and Engie. LONDON — European stocks are set to drop at Friday's open, as global markets are […]
Read moreBEIJING, Feb 26 (Reuters) – China’s gross domestic product (GDP) could grow 8-9% in 2021 under “usual circumstances”, and by over 15% year-on-year in the first quarter, Liu Shijin, a policy adviser to the People’s Bank of China, said on Friday. This would be a result of 2020’s low base, and would not mean China has returned to a “high-growth” […]
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MELBOURNE (Reuters) – Oil prices fell on Friday as a collapse in bond prices led to gains in the U.S. dollar and expectations grew that with oil prices back above pre-pandemic levels, more supply is likely to come back to the market.FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, […]
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Slideshow ( 3 images )BUENOS AIRES (Reuters) – Argentina has received 904,000 doses of the Sinopharm COVID-19 vaccine in its first delivery from the Chinese drug maker, the government said on Thursday, which should help the country accelerate its fledgling inoculation program. The delivery, part of a deal for 1 million doses of the vaccine, arrived on a plane of […]
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BOGOTA (Reuters) – Colombia will extend its health state of emergency to curb the spread of coronavirus by three months, President Ivan Duque said on Thursday, adding that the country is in talks to buy additional doses of coronavirus vaccines produced by China’s Sinovac Biotech.FILE PHOTO: Colombia’s President Ivan Duque speaks during an interview with Reuters in Bogota, Colombia October […]
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Bond yields, which move opposite price, galloped higher Thursday as the market began to question how long the Fed can stay on hold if the economy booms as much as expected. Yields rose on a combination of optimism for the economy as well as inflation concerns. The 10-year yield was expected to reach 1.50% by year end, but it hit […]
Read more(Reuters) – Canadian pension fund OMERS on Thursday reported its first annual net loss since the 2008 financial crisis and larger rival Caisse posted its smallest gain in two years, as shutdowns and a coronavirus-driven economic slump hurt investments. OMERS, which had C$105 billion ($83.8 billion) in net assets at the end of 2020, reported a negative return of 2.7%, […]
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