UKs Heathrow Airport Posts First Profit in Four Years

LONDON, Feb 21 Reuters Britain39;s Heathrow Airport swung back to a profit last year for the first time since the pandemic after passenger numbers returned to close to preCOVID levels, and it forecast a rise to a record 81.4 million travellers this year. Heathrow, Britain and Europe39;s busiest hub, on Wednesday reported annual adjusted pretax […]
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GettyBacked AI Image Generator BRIA Snags Fresh Funding

NEW YORK, Feb 21 Reuters A responsible AI image generation startup backed by stock photo provider Getty Images has raised 24 million in a Series A funding round, including from top ad agency Publicis Groupe, it said on Wednesday. Israelbased BRIA, which licenses more than a billion images from stock providers for its system, said in […]
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Canadas Inflation Eased, Annual at 2.4, USD Weakened

Previous Trading Days Events 20 Feb 2024 Canadas CPI data release yesterday showed that Canadas annual inflation rate slowed more than expected to 2.9 in January and core price measures also eased. Headline inflation has dipped below 3 and that prompted money markets to hike bets for a rate cut in April. The Bank of […]
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China Restricts Quant Fund Lingjun in Effort to Boost Market

SHANGHAIHONG KONG, Feb 20 Reuters China39;s stock exchanges on Tuesday said major quant fund Lingjun Investment had broken rules on orderly trading and barred it from buying and selling for three days, as part of wider regulatory efforts to revive market confidence. Orders from Lingjun to dump stocks in early trade on Monday coincided with […]
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Investors Warm to Swiss Stocks, Weakening Franc Breaks Ice

LONDON, Feb 21 Reuters Investors have been pouring cash into Swiss stocks in the hope that this exportfocussed market will outshine its peers, in part thanks to a shift in central bank policy that could knock the franc further off 202339;s multiyear highs. Analysts say this quarter will probably remain tough for exporters with the […]
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