By Tristan Chabba and Anna Mackenzie (Reuters) -Europe’s biggest hotel group Accor on Thursday forecast higher revenue per available room (RevPAR) for 2023 as Chinese travelers are expected to r[...]
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February 23, 2023
In China, more families on the fence on home buying, foreclosures cloud sector
BEIJING (Reuters) – The number of Chinese households that decided against buying a home soared in the fourth quarter of 2022, a private survey showed, as COVID infections and lockdowns sapped se[...]
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Qantas leaps to record H1 profit but fare moderation spooks investors
By Byron Kaye and Savyata Mishra SYDNEY (Reuters) – Australian flagship airline Qantas Airways Ltd swung to a record first-half profit as appetite for travel grew faster than it could sell seats[...]
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Bearish bets on Asian FX return on renewed woes over Fed rate hikes – Reuters poll
By Tejaswi Marthi (Reuters) – Investors returned to placing bearish bets on all Asian currencies shortly after on the increasing likelihood that the U.S. Federal Reserve would continue hiking ra[...]
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Australia’s Medibank posts profit, policyholder growth; shares jump
By Harish Sridharan (Reuters) – Medibank Private Ltd, Australia’s top health insurer, reported a bigger-than-expected rise in first-half profit on Thursday and said it signed on policyhold[...]
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CME to launch nickel contract using prices from new platform -sources
By Pratima Desai LONDON (Reuters) -CME Group plans to launch a nickel contract, settled with prices gathered from a platform to be launched by UK-based Global Commodities Holdings (GCH), which could e[...]
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Analysis-Boom in European bank earnings hints at a rally with legs
By Joice Alves LONDON (Reuters) – Europe’s banks, which enjoyed a stellar fourth-quarter that yielded a surge in earnings growth to 15-year highs, are still looking cheap and could have mo[...]
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Analysis-Competition hots up as British banks fight to keep earnings rising faster than costs
By Lawrence White, Iain Withers and Sinead Cruise LONDON (Reuters) – British banks face a tougher battle for mortgage customers and business borrowers in 2023, as rising costs and deposit rates[...]
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Analysis-Russian economy holding up but the road back to prosperity may be long
By Alexander Marrow MOSCOW (Reuters) – Russia’s economy proved unexpectedly resilient in the face of tough Western sanctions last year, but a return to pre-conflict levels of prosperity ma[...]
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