Rising prices for travel do not appear to be curbing wanderlust
(Reuters) – The post-pandemic travel boom and the high ticket prices that come with it show no signs of slowing…
WeWork shares sink after warning of bankruptcy risk
(Reuters) – WeWork on Tuesday warned of a possible bankruptcy after reporting yet another quarterly loss, in a stunning reversal…
Oil hits new highs as tighter supply offsets China demand concern
(Reuters) – Oil hit new peaks on Wednesday with Brent crude touching the highest since April as tighter supply owing…
Dollar retreats after China deflation unleashes drive into risk assets
(Reuters) -The dollar retreated on Wednesday after data showed the Chinese economy slipped into deflation last month, which upped the…
Lyft falls as pricing strategy casts shadow over profit goals
(Reuters) – Lyft (NASDAQ:LYFT)’s shares tumbled nearly 8% as investors feared the ride-hailing platform’s focus on competitive pricing to gain…
Country Garden misses bond payments as China property fears flare
(Reuters) – Country Garden said on Tuesday it has not paid two dollar bond coupons due on Aug. 6 totalling…
Sony quarterly profit tumbles as movie business disappoints
(Reuters) – Japan’s Sony (NYSE:SONY) logged a hefty drop in first-quarter profit, hurt in part by a weaker performance from…
Cathay Pacific posts best H1 profit since 2010, to repay govt aid package
(Reuters) – Cathay Pacific Airways (HK:0293) reported on Wednesday its best first-half profit in more than a decade and announced…
Flutter’s US bet drives first half profit 76% higher
(Reuters) – Flutter’s first half core earnings jumped 76% as its fast growing U.S. Fanduel brand turned a profit for…
Bottler Coca-Cola HBC beats profit estimates, lifts sales outlook
(Reuters) -Bottler Coca-Cola HBC (LON:CCH) beat half-year profit expectations and lifted its annual revenue target on Wednesday, supported by strong…