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….
Economy
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…
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,…
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,…
Bank of Canada hikes growth forecast and says inflation slowing only gradually
OTTAWA, July 12 (Reuters)-The Bank of Canada (BoC) on Wednesday raised its growth forecast for this year to 1.8%, up…
Microsoft’s $69 billion Activision deal gets US judge go-ahead, UK softens opposition
By Diane Bartz WASHINGTON (Reuters) -Microsoft cleared major hurdles to its plan to buy videogame maker Activision Blizzard on Tuesday,…
Fed’s Kashkari: Inflation fight must be won, new stress tests could help
(Reuters) – U.S. financial regulators should take steps to ensure banks can withstand further interest-rate hikes should the Federal Reserve…
Thales to buy Cobham Aerospace Communications for $1.1 billion
By Michal Aleksandrowicz (Reuters) -French defence and technology group Thales said on Wednesday it was in exclusive talks to buy…
European assets jump after U.S. inflation slows
MILAN (Reuters) – European shares, currencies and bonds rallied on Wednesday after U.S. inflation slowed in June, feeding bets the…