Month: April 2019

Stocks approach new highs on positive earnings, economic data LONDON (Reuters) - Stock markets rose on Tuesday to new six-month highs after reassuring data about the health of China’s economy and economic sentiment in Germany helped investors brush aside disappointing bank earnings. The latest leg higher in a three-month long global rally comes as a degree of calm has descended across financial markets, with European stock volatility falling to its lowest since January 2018, exacerbated by a shortened trading week for the Easter holidays. The pan-European STOXX 600 topped its…

EU lawmakers approve package of banking reforms FILE PHOTO: The building of the European Parliament, designed by Architecture-Studio architects, is seen in Strasbourg, France March 26, 2019. REUTERS/Vincent Kessler BRUSSELS (Reuters) - European Union lawmakers approved on Tuesday an overhaul of banking rules, addressing some of the loopholes exposed by the global financial crisis. The banking overhaul, proposed by the European Commission in November 2016, sets the level of cash banks must set aside to absorb losses and introduces new requirements for capital and liquidity, in line with global standards…

Rising fuel costs and seating surplus push Lufthansa into loss BERLIN (Reuters) - Lufthansa reported an operating loss of 336 million euros (£290.4 million) for the first three months of the year, hurt by rising fuel costs and excess capacity in Europe, sending its shares down on Tuesday. FILE PHOTO: A Lufthansa Airbus A321-100 airplane takes off from the airport in Palma de Mallorca, Spain, July 29, 2018. Picture taken July 29, 2018. REUTERS/Paul Hanna/File Photo Germany’s biggest airline said in an after-hours update on Monday that a 202 million…

Kenyan family files lawsuit against Boeing over Ethiopian Airlines crash NAIROBI (Reuters) - A Kenyan family has filed a lawsuit in Chicago against American aviation giant Boeing over a March 10 Ethiopian Airlines crash that killed 157 people, lawyers and family members said on Tuesday. Tom Kabau and Esther Kabau-Wanyoike the brother and sister of Kenyan George Kabau who died in the Ethiopian Airlines crash sit next to his picture during a news conference where their lawyers announced they plan to file a wrongful-death lawsuit against Boeing, at the Serene…

Algerian army chief says military is considering all options to end crisis ALGIERS (Reuters) - The chairman of Algeria’s Constitutional Council Tayib Belaiz quit his post on Tuesday, state news agency APS said, following calls for his resignation by pro-democracy protesters who say he is part of a ruling elite they want abolished. Students take part in a protest seeking the departure of the ruling elite in Algiers, Algeria April 16, 2019. REUTERS/Ramzi Boudina President Abdelaziz Bouteflika stepped down on April 2 after weeks of mass protests for his 20-year…