Spain's airlines decried on Thursday Prime Minister Pedro Sanchez's proposal to impose new taxes on air travel in a bid to limit the sector's damage on the environment and align its taxes with those on other forms of transport.
Silver hits highest level since February (Updates prices)
May 18 (Reuters) - Gold hit nearly a four-month peak on Tuesday before easing slightly as yields on U.S. Treasuries inched higher, with a weaker dollar and inflation fears maintaining a floor under bullion prices.
Spot gold was up 0.1% to $1,868.57 per ounce by 1:47 p.m. EDT (1747 GMT) after hitting its highest level since Jan. 29 earlier in the session. U.S. gold futures settled at $1,868, largely unchanged from Monday.
“Yields just picked up just a notch,” said Phillip Streible, chief market strategist at Blue Line Futures in Chicago.
“The weaker dollar has provided most of the support. (But) gold has had a pretty good run, but it’s not in a bullish market at all.”
Global stocks slipped and cryptocurrencies sank on Wednesday as a threat of unwanted inflation had investors shy away from assets seen vulnerable to any removal of monetary stimulus.
By Reuters Staff
1 Min Read
May 19 (Reuters) - Singapore Airlines Ltd on Wednesday posted its second-consecutive annual loss, widening to a record S$4.27 billion ($3.20 billion) and said it would issue S$6.2 billion of convertible bonds to help weather the coronavirus crisis.
The loss for the 12 months ended March 31 was worse than the average S$3.27 billion forecast from eight analysts, according to Refinitiv data.
It was also far bigger than the S$212 million annual loss the financial prior year, its first ever dip into the red, when only one quarter was affected by the pandemic. Annual revenue fell 76.1% to S$3.82 billion in the financial year ended March 31. ($1 = 1.3323 Singapore dollars) (Reporting by Jamie Freed in Sydney, editing by Louise Heavens)