Ghana at high risk of debt distress, finance minister says

Ghana at high risk of debt distress, finance minister says

Ghana says reached agreement on program objectives with IMF Ghana will implement debt exchange program Minister outlines measures to cut spending in 2023 budget Ghana 2023 GDP seen slowing to 2.8% ACCRA, Nov 24 (Reuters) – Ghana will freeze the hiring of public and civil servants and extend a moratorium on government car purchases and … Read more

European shares at seven-week peak as travel stocks shine

European shares at seven-week peak as travel stocks shine

Flutter, Ryanair lead travel stocks higher Travel & leisure index hits near 3-month highs China-exposed luxury companies decline Nov 7 (Reuters) – European shares closed on Monday at a more than seven-week high as a jump in travel and technology stocks helped outweigh a drag from China-exposed luxury giants. The benchmark STOXX 600 index (.STOXX) … Read more

Harley cruises past Q3 earnings forecast on improved shipments, shares jump 11%

Harley cruises past Q3 earnings forecast on improved shipments, shares jump 11%

Oct 26 (Reuters) – Harley-Davidson Inc (HOG.N) on Wednesday reported higher-than-expected profit, briefly sending shares up 11% as consumer demand for its popular bike models and price increases during the summer riding season boosted sales. Shares of the iconic motorcycle maker soared in early market trading after the company reported a 60% jump in quarterly … Read more

Mexican carrier Volaris budgets for Mexico Category 1 rating by 2023

Mexican carrier Volaris budgets for Mexico Category 1 rating by 2023

MEXICO CITY, Oct 25 (Reuters) – Volaris airlines is planning its budget on the expectation that Mexico will regain its Category 1 aviation safety rating by the second half of 2023, the Mexican airline’s finance chief said on Tuesday. “We are budgeting for the second half of next year, and we are closely monitoring that,” … Read more

Premier Inn owner Whitbread warns of higher costs after returning to profit

Premier Inn owner Whitbread warns of higher costs after returning to profit

Swung to $347 mln profit in H1 Expects lower margins in H2 as inflation bites Shares down more than 3% Oct 25 (Reuters) – Premier Inn owner Whitbread (WTB.L) said on Tuesday that surging costs for labour, utilities and food would eat into margins in the second half, sending its shares down more than 3% … Read more

Biden predicts midterms will shift back toward Democrats

Biden predicts midterms will shift back toward Democrats

WASHINGTON, Oct 21 (Reuters) – President Joe Biden expressed confidence on Friday that momentum would shift back in favor of Democrats for the November midterm elections, despite polls favoring Republicans in races that will determine which party controls the US Congress. Fresh from a trip to Pennsylvania on Thursday to boost John Fetterman, the state’s … Read more

AmEx forecasts stronger earnings even as it builds bigger provisions

AmEx forecasts stronger earnings even as it builds bigger provisions

Oct 21 (Reuters) – American Express Co (AXP.N) on Friday forecasts its full-year profit to be higher than initially expected, but built bigger provisions to prepare for potential defaults as an economic downturn looms, sending its shares down 4% before the bell. Despite aggressive rate hikes by the US Federal Reserve to curb soaring inflation … Read more

European shares rally as investors cheer UK policy reversal

European shares rally as investors cheer UK policy reversal

Focus on fiscal plans from new UK finance minister Credit Suisse to pay $495 mln to settle a case Norway’s Nel rises on order from Woodside Energy Oct 17 (Reuters) – Europe’ STOXX 600 index climbed on Monday, buoyed by banks and real estate companies as investors cheered the reversal of Britain’s fiscal plan that … Read more

London stocks subdued; Shell falls on profit warning

London stocks subdued;  Shell falls on profit warning

FTSE 100 up flat, FTSE 250 adds 0.2% Imperial Brands rises on share buyback plan Weaker refining, gas trading to hit Shell’s Q3 results Construction activity improves unexpectedly Oct 6 (Reuters) – UK’s stock indexes were muted on Thursday as a slide in financial shares offset strength in beaten-down consumer and travel and leisure stocks, … Read more

Spain’s draft 2023 budget bolsters social and defense spending

Spain's draft 2023 budget bolsters social and defense spending

MADRID, Oct 4 (Reuters) – Spain’s cabinet on Tuesday settled on a 2023 draft budget after tough negotiations within the leftist coalition that concluded with increases in social and also military spending, and the extension of free rail travel passes. Ahead of regional and national elections set for 2023, the junior coalition partner, far-left Unidas … Read more