Hellenic Seaplanes S.A., a new airline set to start flying tourists between Greek islands this summer, forecasts that sea-based commercial carriers could generate 1 billion euros ($1.4 billion) in annual revenue as European travelers return to a country emerging from recession.
Norwegian Air Shuttle AS said that yields, which reflect average fares, fell 21 percent last month as competition among Europe’s discount carriers intensified, sending the stock to its sharpest decline in three months.
OAO Sberbank and VTB Group, Russia’s biggest publicly traded lenders, sank the most in almost five- and-a-half years on concerns tensions in Ukraine could damage their operations in the country and harm their home economy.
The decision by Cyprus’s Democratic Party, known as Diko, to withdraw from the coalition government of President Nicos Anastasiades could make it harder to pass laws required to ensure the flow of international loan funds, Diko lawmaker Angelos Votsis said.
Martin Coward, who left the firm he helped create in an acrimonious split with his wife and co- founder Elena Ambrosiadou, is seeking to raise money at a time that quantitative hedge funds are underperforming the market.