United Airlines sees first-quarter revenue falling 66%

© Reuters. FILE PHOTO: United Airlines first new livery Boeing 737-800 sits at a gate O’Hare International Airport in Chicago (Reuters) -United Airlines said it expects first-quarter revenue to drop by 66%, which is near the lower end of its prior forecast, buoyed by improving demand for domestic travel. The company said it now expects […]

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Dollar bounces higher as traders brace for inflation data

© Reuters. U.S. one dollar banknotes are seen in this illustration By Tommy Wilkes LONDON (Reuters) – The dollar gained ground on Monday after last week’s drop as traders assessed the outlook for Treasury yields, while awaiting crucial U.S. inflation and retail sales data in coming days. Elsewhere it was a quiet start to a […]

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After sanctions, Huawei turning to businesses less reliant on high-end U.S. tech

© Reuters. Huawei logo at Huawei Technologies France in Boulogne-Billancourt By David Kirton SHENZHEN, China (Reuters) -Chinese telecoms equipment maker Huawei Technologies is making business resilience its top priority with a push to develop its software capabilities as it seeks to overcome U.S. restrictions that have devastated its smartphone business. Huawei was put on an […]

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Benin votes for president after week of violent protests

10/10 © Reuters. Britain’s Prince Philip and Prince Charles listen to speeches before the unveiling of a statue of Queen Elizabeth The Queen Mother in Poundbury 2/10 By Allegresse Sasse COTONOU (Reuters) – Benin votes on Sunday in a presidential election following a week of deadly protests against the incumbent Patrice Talon, who is heavily […]

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Analysis: Chinese tech start-ups pull IPO plans as Beijing tightens scrutiny

2/2 © Reuters. Sign for STAR Market is seen after the listing ceremony of the first batch of companies at Shanghai Stock Exchange in Shanghai 2/2 By Samuel Shen and Scott Murdoch SHANGHAI/HONG KONG (Reuters) – A growing number of Chinese tech start-ups are cancelling plans to list on Nasdaq-style markets at home with some […]

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Dollar Bounces Off Lows; Fed Remains Accommodative

© Reuters. By Peter Nurse Investing.com – The dollar edged higher in early European trading Friday, but remains anchored near two-week lows following disappointing jobless figures and with the Federal Reserve showing no signs for changing its ultra easy monetary policy stance. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback […]

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Fed’s Powell: U.S. economy at an ‘inflection point’ – CBS ’60 Minutes’

2/2 © Reuters. FILE PHOTO: Chair of the Federal Reserve Jerome Powell listens during a Senate Banking Committee hearing in Washington 2/2 By Dan Burns and Howard Schneider (Reuters) – The U.S. economy is at an “inflection point” with expectations that growth and hiring will pick up speed in the months ahead, but also risks […]

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French lawmakers approve a ban on short domestic flights

© Reuters. FILE PHOTO: An Air France airplane lands at the Charles-de-Gaulle airport in Roissy PARIS (Reuters) – French lawmakers voted late on Saturday to abolish domestic flights on routes than can be covered by train in under two-and-a-half hours, as the government seeks to lower carbon emissions even as the air travel industry reels […]

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Swiss watchdog asked Credit Suisse on Greensill risks -SonntagsZeitung

© Reuters. FILE PHOTO: Logo of Swiss bank Credit Suisse is seen in Zurich ZURICH (Reuters) – The head of Switzerland’s financial regulator FINMA questioned Credit Suisse (SIX:) over risks in its dealings with now-insolvent finance firm Greensill Capital “months” before the bank was forced to close $ 10 billion of funds liked to Greensill, […]

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