Aug 3 (Reuters) – Hotel operator Marriott International raised its full-year room revenue growth forecast on Monday, betting that strong travel demand would drive bookings for its properties. The Bethesda, Maryland-based company expects 2026 revenue per available room (revPAR) — a key lodging metric
By Katha Kalia and Dharna Bafna Aug 3 (Reuters) – U.S. shale producers are expected to report their strongest quarterly profits since 2022 after the Iran war sent crude prices soaring, with analysts expecting much of the windfall to be returned to shareholders rather than spent on expanding producti
By Allison Lampert Aug 3 (Reuters) – Planemakers, airlines and repair shops are conserving aircraft windows after an incident at a key California factory worsened shortages of a part needed for both new aircraft and routine maintenance, companies and industry sources said. GKN Aerospace, one of the
Aug 3 (Reuters) – Londian Wason New Energy Tech is targeting a valuation of up to $1.7 billion in its U.S. initial public offering, the Chinese copper foil maker said on Monday. The listing will be a crucial test of investor appetite for Chinese IPOs in New York at a time when Beijing is encouraging
Aug 3 (Reuters) – The Teamsters Union said on Monday that nearly 1,300 pilots at Allegiant Travel have ratified a new two-year collective agreement, securing higher hourly wages as well as improvements to retirement benefits and work rules. The agreement follows years of contentious negotiations, wi
By Michael S. Derby NEW YORK, Aug 3 (Reuters) – Reuters spoke with Williams on July 31, two days after the latest policy meeting. A full transcript of the interview follows, lightly edited for context and clarity. To see the related story click here. Michael Derby: I wanted to start out talking abou
By Naveen Thukral and Ella Cao Aug 3 (Reuters) – China’s state-run trading companies bought 14-16 cargoes of U.S. soybeans on Friday, four Asian traders told Reuters on Monday, taking advantage of lower prices in a flurry of purchases ahead of President Xi Jinping’s expected U.S. visit next month. T
By Leika Kihara, Makiko Yamazaki and Tamiyuki Kihara TOKYO, Aug 3 (Reuters) – A joint U.S.-Japanese effort to fight off speculative bets against a battered yen last week followed months of preparation by the two nations and a rare and public alignment of interests in Washington and Tokyo over exchan
By Leika Kihara TOKYO, Aug 3 (Reuters) – Global AI-related demand may exert lasting upward pressure on Japan’s inflation, the Bank of Japan said on Monday, signalling its alarm over mounting inflation risks that could boost the case for a near-term interest rate hike. Artificial intelligence should
Aug 3 (Reuters) – CXMT, China’s largest chipmaker by market value, is considering building a second memory-chip plant in Beijing and is in financing talks with a tech manufacturing hub backed by the local government, two sources familiar with the matter said. The move comes as CXMT seeks to boost pr
BERLIN (AP) — A cyberattack tapped the data of some 31,000 people in Liechtenstein’s register of people behind companies and foundations in the wealthy principality, the government said. The “register of economic beneficiaries” was accessed at night from Wednesday into Thursday last week, the govern
Aug 3 (Reuters) – EasyJet on Monday extended the deadline for suitor Castlelake to decide whether to make a firm takeover offer, bringing it into line with the deadline facing Apollo as the bidding war for the budget carrier enters a decisive week. Here are some details: • The UK Takeover Panel cons
By Kumar Tanishk Aug 3 (Reuters) – Australian shares rose on Monday, led by banks, healthcare and gold stocks as U.S. President Donald Trump’s remarks on Iran and fresh hopes of reopening the Strait of Hormuz lifted sentiment. The S&P/ASX 200 advanced 0.5% to 9,019.30 points, carrying over momentum
BANGKOK (AP) — Asian shares were mixed Monday after the U.S. and Japan confirmed they had acted to prop up the value of the Japanese yen against the U.S. dollar. Oil prices fell sharply, meanwhile, after U.S. President Donald Trump said he would order U.S. forces to refrain from attacks against Iran
Aug 3 (Reuters) – Shein is considering lowering the cost of investment for some late-stage investors as the fast-fashion retailer pursues a Hong Kong IPO at a lower valuation, Bloomberg News reported on Monday, citing people familiar with the matter. The company may offer a mix of cash payouts and a
By Ankur Banerjee, Summer Zhen and Laura Matthews SINGAPORE/NEW YORK, Aug 3 (Reuters) – Global investors pulled back from South Korean stocks through a wild turn in July but are keeping faith with the heavyweight chipmakers on the view that their growth momentum is intact, while leveraged holdings t
With no background in coding, Faith Maeba, a psychology major, was reluctant when her mother first suggested she enroll in classes on artificial intelligence. But the senior at Virginia Commonwealth University began to see it differently as she looked into graduate psychology programs that explore h
By Maggie Fick and Bhanvi Satija LONDON, Aug 3 – Novo Nordisk investors have found little cause for optimism during a bruising two-year period of profit warnings, leadership upheaval and a sliding share price as rival Eli Lilly streaked ahead. Now they may have reason for hope. Despite Novo having l
A look at the day ahead in European and global markets from Ankur Banerjee Aided by the U.S., Tokyo’s coordinated effort to pull the Japanese yen away from 40-year lows was probably what was needed to turn the tide for the frail yen, but will require monetary policy follow-through to make the move s
Aug 3 (Reuters) – FleetPartners said on Monday it had received an indicative takeover proposal from private equity firm Pacific Equity Partners to acquire the vehicle-leasing company for about A$760.3 million ($534.5 million), putting its shares on course for their biggest intraday percent gain in o
SINGAPORE, Aug 3 (Reuters) – The yen surged against the dollar on Monday, putting traders on alert for further intervention by Japanese authorities to shore up the currency, after Tokyo confirmed coordinated yen-buying intervention with the United States last week. The yen surged more than 1% agains
By Rae Wee SINGAPORE, Aug 3 (Reuters) – The yen leapt on Monday, keeping traders on alert for further intervention from authorities to shore up Japan’s historically weak currency, days after Tokyo and Washington jointly intervened in the foreign exchange market. The Japanese currency rose 1% in the
By Ankur Banerjee SINGAPORE, Aug 3 (Reuters) – Oil prices skidded and stocks wobbled on Monday as hopes of a peace deal in the Middle East grew, while the yen jumped suddenly again after the U.S. and Japan confirmed joint intervention to prop up the frail currency. Brent crude futures sank more than
By David Lawder and Daphne Psaledakis Aug 2 (Reuters) – U.S. Treasury Secretary Scott Bessent said on Sunday he will not hesitate to repeat a U.S. and Japanese coordinated foreign exchange intervention that countered disorderly yen movements and urged that a Federal Reserve backstop for foreign cent
SINGAPORE, Aug 3 (Reuters) – The dollar suddenly dropped against the yen on Monday, reversing gains made earlier in the session, keeping traders on alert for further intervention by authorities to shore up the Japanese currency. The dollar fell 0.6% against the yen to an intraday low of 156.50 in th
By Florence Tan SINGAPORE, Aug 3 (Reuters) – Oil prices tumbled $4 a barrel on Monday after U.S. President Donald Trump held off on a fresh attack on Iran, seeking to reach a quick deal that would halt Tehran’s nuclear ambitions and reopen the Strait of Hormuz. Brent crude futures slid $4.08, or 4.6
SEOUL, Aug 3 (Reuters) – China’s Chery Automobile agreed to invest $75 million in South Korean automaker KG Mobility Corp through convertible bonds, KG Mobility said. If converted into shares, the bonds would give Chery a stake of about 10% in the company. • “Chery has many manufacturing bases aroun
By Makiko Yamazaki and Leika Kihara TOKYO, Aug 3 (Reuters) – Japan is expected to announce on Monday that it took joint action with the U.S. to halt the yen’s slide to 40-year lows and express its commitment to rare bilateral coordination that it hopes could mark a turning point for the currency. Pr
By Claire Fu, Kevin Yao and Liangping Gao SINGAPORE/BEIJING, Aug 3 (Reuters) – China is energetically defending its economic policy mix that favours advanced industries over consumption, adopting a posture analysts see as demonstrating increasing confidence ahead of looming trade talks with Europe a
SYDNEY, Aug 3 (Reuters) – Australian home prices suffered a second month of steep falls in July as higher borrowing costs and unease over tax changes accelerated a downturn in the market that has grabbed the attention of the country’s central bank. Figures from property consultant Cotality showed na
