Spirit Airlines Inc (SAVE.N) Chief Executive Ted Christie had been dismissive of the possibility that regulators would allow his low-cost U.S. airline to be sold to JetBlue Airways Corp (JBLU.O)…
Category: Business
Global equity funds record fifth weekly outflow in a row
Global equity funds witnessed weekly outflows for a fifth straight week in the week to July 27 on caution ahead of the U.S. Federal Reserve's policy meeting and on lingering…
Sakhalin Energy wants LNG buyers to pay via Moscow-based bank, change currency
Russia's Sakhalin Energy Investment Co has asked its liquefied natural gas (LNG) customers to pay for supplies via a Moscow unit of a European bank, a source familiar with the…
Italy’s Ali Group sees shelter from economic storm in Welbilt deal
Welbilt's exposure to the U.S. fast-food market will make new Italian owner Ali Group more resilient in a slowing global economy, while the deal will bring $100 million in cost…
Exxon posts record-breaking second-quarter profit
Exxon Mobil Corp (XOM.N) on Friday posted its biggest quarterly profit ever on the back of soaring energy prices and as it kept a tight rein on spending. The top…
Portugal’s economy loses momentum, inflation weighs on consumption
Portugal's economy lost momentum in the second quarter after a very strong start to the year, with inflation at a three-decade high weighing on private consumption, official data showed on…
Alfa Romeo to develop large car in the United States
Itay's Alfa Romeo will work on a new large-size car in the United States to be launched in 2027, the brand's head Jean-Philippe Imparato said on Friday, adding however the…