Casino operator MGM beats third-quarter estimates as China travel rebounds
(Reuters) – MGM Resorts International beat market estimates for third-quarter profit and revenue on Wednesday, as the casino operator benefited from easing pandemic-related entry restrictions in its key markets. The post-pandemic travel…
World food price index rebounds in July as vegetable oils rise
PARIS (Reuters) – The United Nations food agency’s world price index rebounded in July from two-year lows as vegetable oil markets rose following renewed tensions over grain exports from Ukraine and concerns…
USA Today-publisher Gannett raises profit targets as ad demand rebounds
(Reuters) – USA Today-publisher Gannett Co boosted its annual earnings expectations on Thursday, as advertising demand recovers from post-pandemic lows. Advertising budgets were hit earlier this year by an uncertain economy as…
US manufacturing output falls in June; rebounds in second quarter
WASHINGTON (Reuters) – Production at U.S. factories unexpectedly fell in June, but rebounded in the second quarter as motor vehicle output accelerated after two straight quarterly declines. Manufacturing output dropped 0.3% last…
Boeing deliveries climb in June as it rebounds from production issues
(Reuters) – Boeing delivered 60 passenger jets in June as it rebounded from production issues, boosting its total for the first half to 266 airplanes and marking a 23% improvement from the…
Boeing delivers 50 jets in May as 737 MAX rebounds from defect
By Valerie Insinna (Reuters) – Boeing delivered 50 jets in May, 13 fewer than European rival Airbus, but a 43% improvement on the same month last year. Deliveries of the cash-generating Boeing…
Thai jobless rate lowest in 3 years in Q1 as tourism rebounds
BANGKOK (Reuters) – Thailand’s unemployment rate hit a three-year low in the first quarter, the state planning agency said on Monday, declining to 1.05% from 1.15% in the last three months of…
US construction spending rebounds in March on nonresidential structures
WASHINGTON (Reuters) – U.S. construction spending increased more than expected in March, boosted by investment in nonresidential structures, but single-family homebuilding remained depressed amid higher mortgage rates. The Commerce Department said on…
New York factory activity rebounds in April-NY Fed
WASHINGTON (Reuters) – The New York Federal Reserve said on Monday its barometer of manufacturing activity in New York State increased for the first time in five months in April as measures…
Chinese airlines swamped with cabin crew applicants as travel rebounds
By Sophie Yu and Brenda Goh BEIJING (Reuters) – Chinese airlines undertaking the biggest hiring drives in more than three years as travel rebounds are facing a deluge of applicants for cabin…
U.S. business activity rebounds to eight-month high in February- S&P Global survey
WASHINGTON (Reuters) – U.S. business activity unexpectedly rebounded in February, reaching its highest level in eight months, according to a survey on Tuesday, which also showed inflation subsiding. S&P Global said its…
Australia business activity rebounds in Jan on strong sales – NAB
SYDNEY (Reuters) – Australian business conditions rebounded sharply in January after three months of slowdown while cost pressures picked up again, a surprising sign of strength that could add to the case…
Turkey’s lira hits record low but rebounds after quake, stocks slip
LONDON (Reuters) – Turkey’s lira briefly dipped to a record low and its main stock market fell 1.35% on Monday as a major earthquake added to pressures from a strong dollar and…
U.S. service sector rebounds in January – ISM survey
WASHINGTON (Reuters) – U.S. services industry activity rebounded strongly in January, with new orders recovering and prices paid by businesses for materials continuing to rise at a moderate pace, hopeful signs for…
China non-manufacturing activity rebounds in January – official PMI
BEIJING (Reuters) – China’s non-manufacturing activity broke into expansion territory for the first time since September 2022, official data showed on Tuesday, as consumption and travel recovered over the Lunar New Year…
Thai Lunar New Year spending seen at 3-yr high as tourism rebounds – survey
BANGKOK (Reuters) – Thailand’s consumer spending over the Lunar New Year period could rise 13.6% to 45 billion baht ($1.36 billion), a three-year high, as the economy recovers and China’s border reopening…
Australian CPI inflation rebounds to annual 7.3% in Nov
SYDNEY (Reuters) – Australian inflation re-accelerated in November as strong demand drove holiday costs higher and flooding pushed up vegetable prices, a sign inflationary pressures had yet to peak. Data from the…
U.S. construction spending rebounds in November
WASHINGTON (Reuters) – U.S. construction spending unexpectedly rebounded in November, lifted by gains in nonresidential structures, but single-family homebuilding continued to be hammered by higher mortgage rates. The Commerce Department said on…
Thai New Year spending seen at 3-year high as economy rebounds -survey
BANGKOK (Reuters) – Thailand’s consumer spending during the New Year could reach a three-year high of 103 billion baht ($2.97 billion) as the economy continues to recover from the impacts of the…
C$ rebounds as BoC opts for another oversized rate hike
By Fergal Smith TORONTO (Reuters) – The Canadian dollar strengthened against its U.S. counterpart on Wednesday, rebounding from an earlier one-month low, as markets priced in a slightly higher endpoint for interest…
Euro zone economic sentiment rebounds in Nov more than expected
BRUSSELS (Reuters) – Euro zone economic sentiment rebounded in November slightly more than expected, data showed on Tuesday, rising for the first time since the Russian invasion of Ukraine in February on…
German tax take rebounds in October -ministry report
BERLIN (Reuters) – Germany’s tax revenue jumped 6.1% to 57 billion euros ($58.35 billion) in October after two consecutive monthly falls, according to the monthly finance ministry report published on Tuesday. The…
U.S. productivity rebounds moderately in third quarter
WASHINGTON (Reuters) – U.S. worker productivity rebounded less than expected in the third quarter, resulting in continued upward pressure on labor costs that could keep inflation elevated. Nonfarm productivity, which measures hourly…
U.S. construction spending unexpectedly rebounds in September
WASHINGTON (Reuters) – U.S. construction spending unexpectedly rebounded in September, amid a surge in investment in nonresidential structures that offset a further decline in outlays on single-family homebuilding. The Commerce Department said…
Russian factory activity rebounds at pre-Feb 24 rate – PMI
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) – Activity in the Russian manufacturing sector increased in August at the fastest…
Russian rouble rebounds from more than three-week lows to strengthen
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW – The rouble bounced back from more than three-week lows against the dollar and…
Breaking News
