By Joanna Plucinska, Lisa Barrington and Rajesh Kumar Singh LONDON/SEOUL/CHICAGO (Reuters) – Airfares in Europe and Asia are starting to plateau or fall in a sign that a prolonged post-COVID tra[...]
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May 28, 2024
Viking gains after wave of bullish Wall Street coverage initiations
By Granth Vanaik (Reuters) – Several Wall Street brokerages, including J.P. Morgan and UBS, have started coverage on Viking Holdings, with a bullish view on the travel and cruise company’s[...]
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Brazil consumer prices rise less than expected in mid-May
By Luana Maria Benedito SAO PAULO (Reuters) – Consumer prices in Brazil rose less than expected in the month to mid-May, data from statistics agency IBGE showed on Tuesday, as the impact on food[...]
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Activist investor Elliott discloses $2.5 billion stake in Texas Instruments
(Reuters) – Activist investor Elliott Investment Management disclosed a $2.5 billion stake in analog chipmaker Texas Instruments and urged the chipmaker to improve its free cash flow. Elliott pr[...]
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Factbox-As US moves towards faster stock settlement, where are other countries?
By Laura Matthews and Sinead Cruise NEW YORK (Reuters) -The U.S. Securities and Exchange Commission adopted a rule in February 2023 to shorten the settlement cycle for securities transactions from two[...]
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Norfolk Southern appoints ex-Canadian National chief Mongeau as its new board chair
(Reuters) – Norfolk Southern has named former Canadian National Railway CEO Claude Mongeau as the new chair of its board, effective immediately, the company said in a statement on Tuesday. A vet[...]
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Explainer-What to expect as US moves towards faster stock settlement
By Carolina Mandl NEW YORK (Reuters) -U.S. markets are set for an upheaval on Tuesday when the settlement time for U.S. equities, corporate municipal bonds and other securities will be halved to one d[...]
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Gap, Abercrombie results to show if mall shoppers are splurging
By Savyata Mishra and Juveria Tabassum (Reuters) – Results from U.S. mall-based apparel chains this week will give a clearer picture of whether Americans are splurging on clothes and accessories[...]
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Nike partially wins appeal over stripes dispute with Adidas in Germany
BERLIN (Reuters) – Nike can put three stripes on some of its trouser designs in Germany, a court ruled on Tuesday, in a second appeal hearing pitting the U.S. sports apparel maker against its sm[...]
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