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29 Apr

Colombia's Avianca to merge with low-cost airline Viva

Flag-carrier Avianca has agreed to merge with Viva, another of Colombia's most important commercial airlines, while keeping separate branding and strategies, the firms said on Friday.

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29 Apr

Europe strains for clarity as Russia stands by roubles-for-gas demand

Companies and countries were at odds over Moscow's rouble-for-gas payment system on Friday, while European officials promised more guidance on whether buying Russian gas can comply with sanctions and Russia said it saw no problem with its plan.

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29 Apr

Dutch airline KLM cancels dozens of flights to relieve pressure on workers

AMSTERDAM (Reuters) -Dutch airline KLM cancelled 47 flights scheduled for this weekend to and from Amsterdam to improve working conditions for its staff, the airline said in a statement, having earlier scrapped dozens of flights scheduled for Friday.

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29 Apr

Rouble hits 2-year high vs euro as Russia cuts rates, makes debt u-turn

(Reuters) -The Russian rouble rose to a more than two-year high against the euro on Friday, supported by capital controls as Russia appeared to make a last-gasp effort to avoid a default and the central bank slashed interest rates by 300 basis points to 14%.

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29 Apr

AbbVie misses sales estimates on Humira weakness, shares fall

(Reuters) -AbbVie Inc missed Wall Street estimates for first-quarter sales, hurt by European competition for its blockbuster drug Humira and lower demand for its newer drug Rinvoq, sending shares of the company down 7% on Friday.

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29 Apr

Credit Suisse board has major investors' backing - chairman

Credit Suisse's roughly 10 key investors back the bank's board and its strategy, Chairman Axel Lehmann told Swiss newspaper NZZ.

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29 Apr

Mexico's Citibanamex moves closer to inking sale, executive says

Citibanamex, Citigroup's Mexican consumer banking arm, started sharing information with potential bidders, one of the first steps in a process to find a new owner, Chief Executive Manuel Romo said on Friday.

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