Cathie Wood’s ARK fund hits 11-month high as inflation ebbs
By David Randall NEW YORK (Reuters) – The flagship fund of star stockpicker Cathie Wood hit an 11-month high Wednesday,…
2023
Zara founder Ortega buys US warehouse for $109 million
MADRID (Reuters) – Amancio Ortega, the founder of Zara-owner Inditex, has bought a warehouse in Los Angeles for $109 million…
US airline stock valuations stuck on runway despite travel boom
By Rajesh Kumar Singh CHICAGO (Reuters) -Relentless travel demand has sent bookings at U.S. carriers soaring, translating into bumper earnings….
In message to Russia, G7 unveils long-term security pledge for Ukraine
By John Irish and Niklas Pollard VILNIUS (Reuters) – G7 countries on Wednesday unveiled an international framework for the long-term…
Brazil’s Azul launches notes offering as part of broad restructuring plan
SAO PAULO (Reuters) – Brazilian airline Azul announced on Wednesday it is launching a public offering of senior secured notes…
Benihana’s owner explores sale of restaurant chain-sources
By Abigail Summerville NEW YORK (Reuters) – The private equity owner of Benihana Inc is exploring a sale that could…
Property insurers’ ratings under pressure as risk rises, Morningstar says
(Reuters) – The credit ratings of global property insurers are coming under pressure as rising reinsurance costs force them to…
UAE gives $1 billion in reserve support to Pakistan
ISLAMABAD (Reuters) – The United Arab Emirates has deposited $1 billion with Pakistan’s central bank to support foreign exchange reserves,…
One killed in Russian attacks on Ukraine as Zelenskiy talks to NATO
KYIV (Reuters) -Russia launched a drone strike on Kyiv early on Wednesday, and an old man was killed in Russian…
Brazil services activity up more than expected in May
SAO PAULO (Reuters) – Services activity in Brazil grew by much more than expected in May from the previous month,…