By Joe Cash and Pasit Kongkunakornkul BEIJING/BANGKOK (Reuters) – Bookings in China for trips abroad during the upcoming May Day holiday point to a continued recovery in travel to Asian countries, but the numbers remain far off pre-COVID levels with long-haul airfares soaring and not enough flights available. Overseas tour bookings for the upcoming holiday,…
By Tetsushi Kajimoto TOKYO (Reuters) -Big Japanese manufacturers remained pessimistic in April for a fourth straight month as jitters over Western banks added to slowing global growth, the monthly Reuters Tankan survey showed on Wednesday, dimming prospects for an export-led recovery. However, it also showed the service sector mood improved for a second straight month…
By Sarah Morland (Reuters) – U.S. guns, many of them exported legally, are flowing into Latin America in an “iron river” ending in the hands of drug cartels and abusive security forces, activists said Monday, calling for greater oversight from U.S. law and federal agencies. More than half of “crime guns” recovered and traced in…
By Tatiana Bautzer NEW YORK (Reuters) -Consumers are starting to fall behind on their credit card and loan payments as the economy softens, according to executives at the biggest U.S. banks, although they said delinquency levels were still modest. Profits at Bank of America Corp, JPMorgan Chase & Co, Wells Fargo & Co and Citigroup…
By Ismail Shakil (Reuters) – A union representing some 155,000 public sector workers in Canada called for a strike starting on Wednesday after failing to reach a new wage deal with the federal government, setting up a walkout that could affect tax filings and passport services. The Public Service Alliance of Canada (PSAC) union, which…
By Andrea Shalal WASHINGTON (Reuters) -British trade minister Nigel Huddleston signed a trade deal with the U.S. state of Oklahoma in Washington on Tuesday, while hailing another accord aimed at easing rules for UK architects working in the United States, the British embassy said. The trade and economic memorandum of understanding with Oklahoma, signed by…
(Reuters) -Australia’s Star Entertainment Group Ltd on Wednesday announced 500 job cuts and trimmed its annual earnings forecast, sending its shares 11% lower, as regulatory restrictions and weak consumer behaviour dent the casino operator’s earnings. The company will lay-off some full-time equivalent employees across the group, cancel short-term and other incentives for fiscal 2023, among…
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks rose for a second straight day on Tuesday to reach its highest since early February as the pace of U.S. earnings season picked up, while Treasury yields dipped after three straight sessions of gains. On Wall Street, the S&P 500 closed roughly unchanged….
(Reuters) – Australia’s competition regulator on Wednesday re-authorised Qantas Airways Ltd and its budget arm Jetstar Airways Pty Ltd for a five-year continued coordination for two Jetstar Asian-based joint ventures – Jetstar Asia and Jetstar Japan. The Australian Competition and Consumer Commission (ACCC) had previously granted an interim authorisation to the company, saying the continued…
By Svea Herbst-Bayliss (Reuters) – Staple Street Capital Group LLC, the small buyout firm that owns Dominion Voting Systems, has scored a $787.5 million windfall after Fox Corp settled a defamation lawsuit brought by the voting machine operator. The amount is equivalent to 20 times the $38.3 million the New York-based private equity firm paid…
