By Granth Vanaik and Doyinsola Oladipo (Reuters) – Cruise giant Royal Caribbean raised its full-year profit forecast on Thursday after posting a record for quarterly revenue, sending its shares to a three-year high on Thursday. Royal Caribbean and rivals have benefited from pent-up demand as travelers flock to cruises that are seen as a good…
(Reuters) -Netflix is restructuring its advertising partnership with Microsoft for its lower-priced ad-supported subscription plan and is also cutting ad prices, the Wall Street Journal reported on Thursday. The streaming company launched the $7-per-month plan with commercials last year in 12 markets, including the U.S., to attract more customers and selected Microsoft as its technology…
By Mariam Sunny (Reuters) -Laboratory Corp of America Holdings cut its annual profit forecast on Thursday following the spin off of its clinical development business, Fortrea. The lab operator has been struggling with a shortage of lab monkeys due to curbs on animal imports after a Cambodian supplier was charged in connection with illegal imports…
By Tom Sims, John O’Donnell and Emma-Victoria Farr FRANKFURT (Reuters) – New construction plunged in Germany during the first half of the year, data on Thursday showed, the latest sign of stress in the property market of Europe’s largest economy. New building starts were down 47% in the first six months, compared with the average…
FRANKFURT (Reuters) – European Central Bank policymakers debated raising banks’ mandatory reserves to 2% from 1% of their deposits at their meeting on Thursday as part of their fight against high inflation, two sources close to the matter told Reuters. The move would mop up more cash from the banking system and therefore contribute to…
By Andrey Sychev and Bartosz Dabrowski (Reuters) -Linde, the world’s largest industrial gases company, on Thursday raised its full-year earnings guidance after reporting second-quarter profit above market expectations, as higher pricing offset weaker volumes. Linde, which supplies gases such as oxygen, nitrogen and hydrogen to factories and hospitals, now expects its adjusted earnings per share…
(Refiles to add dropped word in first paragraph) By Josh Ye HONG KONG (Reuters) -China’s video game player population has grown to a record of 668 million, a government-run game industry association said on Thursday, as the world’s biggest gaming market returns to growth after a bruising crackdown. The number of gamers, which is accurate…
By Kylie Madry MEXICO CITY (Reuters) -Mexican cement maker Cemex on Thursday posted a slight rise in second-quarter net profit, helped by double-digit price hikes and a strong peso. Net profit was $272 million, up 2% from a year ago, Cemex said, with revenue up 13% at $4.57 billion. The increased revenue was dragged down…
By Shivansh Tiwary (Reuters) -Southwest Airlines on Thursday warned of higher labor costs and softer pricing, fueling worries of a potential hit to its profit if strained household budgets slow down travel demand. The carrier’s shares fell 8.8% in morning trade, dragging down American Airlines, United Airlines and Delta Air between 1.3% and 1.6%. “We…
By Luis Jaime Acosta BOGOTA (Reuters) – Colombia’s state-owned airline Satena will invest $80 million to expand and modernize its fleet, with plans to buy short and medium-range aircraft able to land at smaller airports that are not accessible to larger planes, the airline’s boss said. Satena is eyeing purchases of eight new twin-engined planes…
