[ad_1] Article content JOHANNESBURG — South Africa’s oldest private airline Comair will stop operations permanently after its bankruptcy protection lawyers on Thursday filed an application to liquidate the company which had failed to secure funding to stay airborne after being impacted severely by global pandemic-related travel restrictions. The end of the company, whose neon green aircraft under the low-cost kulula.com …

[ad_1] Article content PARIS — A French judge on Thursday proposed mediation in a legal dispute between Casino and indigenous groups from Brazil over Casino’s links to Amazon deforestation. Lawyers for Casino said the French retailer supported the mediation proposal, while an attorney for the indigenous groups said he would be advising his clients to back the proposal. The Amazonian …

[ad_1] Article content Gold fell on Thursday as elevated U.S. Treasury yields and a firm dollar dimmed its appeal in the run-up to U.S. inflation data that could strengthen the case for aggressive policy tightening by the Federal Reserve. Spot gold was down 0.5% at $1,844.67 per ounce by 11:58 a.m. EDT (1558 GMT), while U.S. gold futures fell 0.5% …

[ad_1] Article content LONDON, June 9 (Reuters – An at least three-week shutdown at Freeport LNG, operator of one of the largest U.S. export plants producing liquefied natural gas (LNG), is expected to delay cargoes to Europe, further stressing the continent’s drive to phase out Russian gas. The outage at the plant, which provides around 20% of U.S. LNG processing …

[ad_1] Breadcrumb Trail Links PMN Business Author of the article: Article content LONDON — Bond yields across southern Europe soared on Thursday after the European Central Bank signaled a string of interest rate hikes starting in July to tame stubbornly high inflation. European stocks fell on confirmation that the ECB would end its Asset Purchase Programme, its main stimulus tool …

[ad_1] Breadcrumb Trail Links PMN Business Author of the article: Article content European shares hit session lows on Thursday after the European Central bank signaled a higher interest rate hike in September as it raised its inflation forecast and cut economic growth expectations for the year. The STOXX euro zone stocks index, which recouped almost all its session losses after …

[ad_1] Article content The euro firmed and money markets moved to price more interest rate rises after the European Central Bank on Thursday signaled a string of interest rate hikes from July and a determination to tame stubbornly high inflation. German 10-year bond yields rose to the highest since July 2014 at 1.43% after the ECB said, as expected, it …

[ad_1] Article content MILAN — Italian energy company Eni plans to list its Plenitude retail and renewables business on the Milan stock exchange in the coming weeks, despite a slowdown in initial public offerings (IPO) on global markets. The group’s move on Thursday follows on from Italian electrode maker De Nora, which on Monday said it wanted to list this …