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05 May

Axa reports 2% rise in first quarter revenue, keeps 2023 targets

PARIS (Reuters) -French insurer Axa on Thursday posted a 2% rise in revenue, with strength in its health and casualty insurance business offsetting weakness in savings.

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05 May

Italy's Leonardo says well-placed for surge in military spending

ROME (Reuters) -Italian aerospace and defence group Leonardo confirmed its 2022 forecast on Thursday, saying it was well-positioned for increased military spending, after reporting a first-quarter rise in orders and core profit.

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05 May

Colombia swapped $641 million in local public debt last month

Colombia swapped internal public debt worth 2.6 trillion pesos ($641 million) in April, the second such operation this year and part of an effort to reduce amortizations and improve the country's debt profile, its finance ministry said on Thursday.

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05 May

Oil steadies near $110/bbl as strong dollar offsets Russian oil ban

Oil prices steadied near $110 a barrel on Thursday as a stronger dollar and a drop in global stock markets offset supply concerns after the European Union laid out plans for new sanctions against Russia including an embargo on crude in six months.

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05 May

Leonardo confirms guidance after rise in Q1 orders, core profits

Italy's aerospace and defence group Leonardo said it confirmed its 2022 guidance after posting a rise in orders and core profits in the first three months of the year.

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05 May

Nasdaq slumps 4% as bets of big rate hikes grow despite Fed view

The Nasdaq plunged 4.6% and the other major indexes tumbled on Thursday, as Federal Reserve Chair Jerome Powell's less hawkish tone failed to ease investor expectations of bigger interest rate hikes this year.

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05 May

Wind turbine makers struggle to find pricing power

Wind turbine makers racked up hefty losses last quarter, swelled by rocketing costs and cut-throat competition despite being more in demand than ever.

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