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|OSLO (Reuters) -Norwegian Air emerged from six months of bankruptcy protection on Wednesday with a smaller fleet and its debt almost wiped out, the budget carrier said, but also facing stronger competition and a lingering uncertainty wrought by the pandemic.
Industry
LONDON (Reuters) – At a critical stage in charting the economic voyage back to normality, the inflation compass may be going haywire.
IndustryHONG KONG (Reuters) – Automaker VinFast has added JPMorgan and Deutsche Bank to a team advising it on a planned U.S. listing, a group executive said, but sources said Vietnams likely first U.S. listing faces a delay due to uncertainty over regulations.
IndustryThe GBP/USD has formed the POC zone at the M H5 camarilla. The price is very bullish.
IndustryGBP/USD is testing the resistance at 1.4150.
IndustryWASHINGTON (Reuters) – U.S. homebuilding fell more than expected in April, likely pulled down by soaring prices for lumber and other materials, but construction remains supported by an acute shortage of previously owned homes on the market.
IndustryWASHINGTON (Reuters) -President Joe Biden will make the case for his $174 billion electric vehicle plan on Tuesday, calling for government grants for new battery production facilities during a visit to a Ford Motor electric vehicle plant in Michigan.
IndustryIts a busier week ahead on the economic calendar. Private sector PMIs will draw plenty of interest late in the week. Geopolitics will also be in focus in the week.
IndustryGlobal politics have often influenced the price of crude oil for as long as memory serves most of us.
IndustryThe US dollar has chopped back and forth during the trading session against the Japanese yen on Wednesday as we await the jobs figure on Friday.
IndustryThe GBP/USD has made a strong retracement and now the price is exactly at the 61.8 fib retracement of the last swing.
IndustryGBP/USD failed to settle above the resistance at 1.3900 and is moving towards the 20 EMA.
Industry(Reuters) -Verizon Communications Inc said on Monday it has agreed to sell its media unit, that includes Yahoo and AOL, to Apollo Global Management Inc for $5 billion, as it looks to offload its digital media business.
Industry(Reuters) – Bombardier Inc said on Monday it expects first-quarter business jet revenue to come in ahead of analysts estimates, as rising vaccinations encourage wealthy travelers to return to flying.
Industry(Reuters) – Retail-focused brokerage Robinhood Financial has hit back against comments by Warren Buffett who on Saturday likened the millions of inexperienced day traders who entered the stock market in the past year to gamblers.
IndustryMeanwhile, silver attempts to settle above the key resistance level at $26.30.
IndustryThe direction of the EUR/USD on Monday is likely to be determined by trader reaction to 1.2038.
IndustryThe precious metal rallied high at Monday‘s trading session amid the muted greenback and increased cash flows into riskier assets that include crypto-assets boosting the metal’s shine at the first trading session of the month.
IndustrySince Fridays rally was likely fueled by short-covering, the index will have to pullback into at least 90.890 in order to attract real buyers.
Industry(Reuters) – European stocks edged higher on Monday amid thin trading volumes due to a UK bank holiday, with sentiment remaining positive on hopes of a quick economic rebound and a strong earnings season.
Industry
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