June 3 Reuters JetBlue Airways on Monday forecast a smaller drop in secondquarter revenue than it had previously forecast due to healthy travel demand, sending its shares up about 5 in early trading. Major U.S. carriers expect record passenger numbers for the summer season but uneven demand on certain routes has led to overcapacity and is […]

LONDON, June 4 Reuters More global reserve managers plan to increase exposure to the now highyielding U.S. dollar as their interest in China39;s yuan has soured due to low returns and geopolitical tensions, the Official Monetary and Financial Institutions Forum said. The data, from a survey carried out by the think tank and published on […]

LONDON, June 4 Reuters British American Tobacco expects a small decline in halfyear revenue and adjusted profit from operations, it said on Tuesday, but maintained its forecast of low single digit annual growth. The maker of Dunhill and Lucky Strike cigarettes has been forced to temper its hopes for revenue and profit growth as it grapples […]

June 4 Reuters An independent board formed by MultiChoice recommended an allcash mandatory offer made by French media group Vivendi39;s Canal for the shares it does not already own in the South African broadcaster, the companies said on Tuesday. The independent board concluded that the terms and conditions of the offer were fair and reasonable to MultiChoice […]

BEIJING, June 4 Reuters Sales of Tesla39;s Chinamade electric vehicles dropped 6.6 from a year earlier to 72,573 units in May, extending a yearonyear decline for a second month, data from the China Passenger Car Association CPCA showed on Tuesday. The slide came after an 18 fall in April that reversed a 0.2 gain in March, […]

June 3 Reuters Nvidia led global companies in market cap gains in May, buoyed by a stunning rally as its bumper revenue forecast reinforced investor confidence in the AIdriven surge in chip demand. Nvidia39;s market cap soared to 2.69 trillion at the end of May, marking a nearly 25 increase during the month, as the announcement of its […]

Fullyear industry profit forecast to rise to 30.5 bln Passenger yields expected to be 3.2 higher than 2023 Cargo yields to fall 17.5 as freight markets normalise DUBAI, June 3 Reuters Global airlines on Monday raised their profit forecast for 2024 and projected industry wide revenues just shy of 1 trillion as a record number […]