By Rajesh Kumar Singh and Doyinsola OladipoCHICAGO/NEW YORK (Reuters) - U.S. airlines were flying high less than two months ago on talk of a new golden age, as strong travel demand and tight industry-wide capacity raised the prospect of a multi-year profit boom.But President Donald Trump’s broad tariffs and a crackdown on government spending have upended that optimism. Tourists and companies hav ...
(Reuters) -Chinese electric vehicle maker Nio (NYSE:NIO) plans to raise around HK$3.50 billion ($450.1 million) via a share placement to develop its smart EVs, a term sheet showed on Thursday.Nio will offer 118.8 million shares at HK$29.46 each, according to the term sheet.The issue price represents a 14% discount to the stock’s closing price on March 26.The gross proceeds raised will be used fo ...
Investing.com -- This Thursday, Italian 6-month bill yields dropped to their lowest level since October 2022. The yield on bills set to mature on September 30, 2025, was recorded at 2.268%, a decrease from the 2.448% yield at the auction held at the end of February.In the auction, the Treasury successfully sold 7 billion euros ($7.55 billion) worth of these bills. This latest development marks a s ...
Investing.com -- Brazilian energy company Eletrobras (ELET) has come to an agreement with the federal government of Brazil to resolve a dispute over voting rights. The main points of the agreement were initially shared in February, with the final details made public yesterday.The agreement ensures a 10% voting right limit for Eletrobras shareholders. Two significant elements of the agreement inclu ...