1/WALL STREET WATCHES WASHINGTON U.S. lawmakers negotiating a fresh dose of stimulus have reached an impasse. Trillions of dollars injected by the Federal Reserve and huge government spending increases have stemmed coronavirus-linked economic damage, fuelling ... More »
SYDNEY (Reuters) – The leader of Australia’s New South Wales state apologised on Monday for failing to stop people carrying the novel coronavirus from disembarking from a cruise ship in Sydney in March, triggering what was at the time Australia’s worst outbrea... More »
BARCELONA (Reuters) – Spanish Prime Minister Pedro Sanchez wore a mask and avoided shaking hands with supporters at a political rally on Sunday as the coronavirus pandemic prompted changes to campaigning ahead of regional elections. Polls in the Basque Country... More »
BOSTON (Reuters) – William Ackman’s hedge fund is boasting double-digit gains at a time many portfolios have sunk along with the economy during the coronavirus pandemic, after the billionaire investor plowed cash into a number of companies he already owned and... More »
(Reuters) – Hyatt Hotels Corp (H.N) said late Monday it would lay off 1,300 people globally as it tries to cope with the coronavirus crisis, which has virtually halted global travel by keeping people indoors. Hyatt said it had also cut pay for senior managemen... More »
(Reuters) – Holiday Inn-owner InterContinental Hotels (IHG.L) said on Monday it had raised 600 million pounds ($747 million) from Bank of England loans under the government’s coronavirus aid scheme as it estimated a 25% plunge in global revenue per available r... More »
BOSTON (Reuters) – Billionaire investor William Ackman, who has long worried about risks posed by the coronavirus, called on the Trump administration on Wednesday to seal off the country for 30 days and said stocks would “soar” if such restrictions were impose... More »
BEIJING/SEOUL (Reuters) – Fears of a coronavirus pandemic grew on Monday after sharp rises in new cases reported in Iran, Italy and South Korea but China relaxed restrictions on movements in several places including Beijing as its rates of new infections eased... More »
GENEVA (Reuters) – The World Health Organization (WHO) no longer has a process for declaring a pandemic, but the COVID-19 coronavirus outbreak remains an international emergency, a spokesman said on Monday. Fears of a coronavirus pandemic grew on Monday after ... More »
(Reuters) – Fourteen U.S. citizens tested positive for the new coronavirus during the evacuation of over 300 U.S. nationals and their family members from a quarantined ship in Japan, the U.S. State Department said on Monday. The passengers were preparing to re... More »
BENGALURU (Reuters) – SoftBank-backed (9984.T) Oyo Hotels and Homes said on Monday losses widened more than six-fold in the year to March 2019, as the India-based hotel chain spent heavily to expand into China. The news comes weeks after Oyo began laying off r... More »
SYDNEY (Reuters) – Australia will evacuate more than 200 of its citizens onboard a coronavirus-stricken cruise ship being held under quarantine in the Japanese port of Yokohama, Prime Minister Scott Morrison said on Monday. Morrison said the passengers will de... More »
TOKYO (Reuters) – An additional 99 people on a quarantined cruise ship off Yokohama have been confirmed to have been infected with the coronavirus, Japanese media reported on Monday. The widening impact of the outbreak, which began in China in December and has... More »
TOKYO (Reuters) – Japan said on Monday it would limit public crowds in Tokyo to prevent a further spread of the deadly coronavirus, scrapping the emperor’s birthday celebrations and closing next month’s Tokyo Marathon to all but elite professional runners. The... More »
WELLINGTON (Reuters) – At least one person was killed, several injured and others reported missing in New Zealand after a volcano erupted off the east coast of its North Island on Monday, spewing a plume of ash thousands of feet into the air. Twenty-three peop... More »
(Reuters) – Some of the tourists on New Zealand’s White Island during Monday’s volcano eruption were passengers on a cruise ship visiting the area, cruise line officials say. The ship, Royal Caribbean’s Ovation of the Seas, is in port in Tauranga, a coastal ci... More »
BENGALURU (Reuters) – India’s Oyo Hotels and Homes shot out of nowhere to become one of the world’s largest hotel chains with a simple promise of “hassle-free” online booking, transparent pricing and cheerful lodging. But as the Softbank-backed (9984.T) startu... More »
(Reuters) – The bosses of Thomas Cook (TCG.L), the world’s oldest travel company, were meeting lenders and creditors in London on Sunday to seek a last-ditch deal to save the company. Thomas Cook needs to find another 200 million pounds ($250 million) on top o... More »
NEW YORK (Reuters) – A U.S. federal appeals court on Friday revived a lawsuit alleging President Donald Trump violated the U.S. Constitution by profiting from foreign and domestic officials who patronized his hotels and restaurants, moving a watchdog group clo... More »
COLOMBO (Reuters) – Authorities lifted a curfew in Sri Lanka on Monday, a day after a string of bombings at churches and luxury hotels across the Indian Ocean island killed 290 people and wounded about 500, but there were warnings more attacks could come. Ther... More »
(Reuters) – The U.S. State Department said in a revised travel advisory ‘terrorist groups’ were continuing to plot possible attacks in Sri Lanka after 290 people were killed and about 500 wounded in blasts in churches and luxury hotels on Sunday. “Terrorists m... More »
(Reuters) – Bomb blasts ripped through churches and luxury hotels in Sri Lanka on Easter Sunday, killing 207 and injuring 450 people, in the first major attack on the Indian Ocean island since the end of a civil war 10 years ago. Here is a timeline of the expl... More »
COLOMBO (Reuters) – The death toll from attacks on churches and luxury hotels across Sri Lanka rose significantly to 290, and about 500 people were also wounded, police said on Monday. The death toll overnight had stood at 207. Police spokesman Ruwan Gunaseker... More »
BOSTON (Reuters) – Widely followed activist investors Daniel Loeb, Barry Rosenstein and William Ackman suffered heavy losses in December, when fears about trade battles and slower growth sent stocks spiraling lower. Many fund managers are still compiling annua... More »
PARIS (Reuters) – France braced on Friday for another wave of protests against high living costs that could inflict more pain on tourism and transport stocks in the euro zone’s No. 2 economy, after retailers, airlines and hoteliers suffered their worst week in... More »
(Reuters) – Singapore-based ride-hailing firm Grab has invested $100 million in Indian hotel-reservations startup OYO, a source with knowledge of the matter told Reuters on Monday. Both companies are backed by Japan’s SoftBank Group Corp (9984.T). The investme... More »
SYDNEY (Reuters) – More restructuring is needed at French flag carrier Air France, the head of Dutch sister airline KLM said on Monday. The two national airlines merged to form Air France-KLM (AIRF.PA) in 2004 but Air France’s economic performance has broadly ... More »
DUBAI (Reuters) – Prince Alwaleed bin Talal’s Kingdom Holding 4280.SE and its partners have agreed to sell Movenpick Hotels and Resorts to its associate firm AccorHotels (ACCP.PA). The deal is expected to close in the second half of 2018, Kingdom Holding said ... More »
BORACAY, Philippines (Reuters) – Volunteers combed near-empty beaches and workers boarded up shops on the island of Boracay on Thursday, as the Philippines’ top tourist spot closed for a six-month makeover aimed at rescuing it from ruin. For the first time in ... More »
NEW YORK (Reuters) – One of the year’s most popular events for fund managers, the Sohn Investment Conference, will be held in New York on Monday, but if history is any guide, some of the industry’s lower-profile managers will probably provide the most profitab... More »
(Reuters) – Hedge fund manager Carl Icahn is cashing out of casino business Tropicana Entertainment Inc (TPCA.PK) in a deal selling most of its properties and operations for $1.85 billion, Icahn Enterprises and the companies involved said in statements on Mond... More »
SINGAPORE (Reuters) – Singapore proposed on Monday allowing private home owners to let out their property for short-term rentals but with an annual cap of 90 days a year – part of a consultation process welcomed by rental service Airbnb. Private homes in Singa... More »
President of Carnival Cruise Line Australia Sture Myrmell and Vice President and General Manager of Carnival Cruise Line Jennifer Vandekreeke speak to the media in Sydney, Australia, February 16, 2018. Picture taken February 16, 2018. AAP/Joel Carrett/via REUT... More »
FILE PHOTO: U.S. President Donald Trump celebrates with Vice President Mike Pence and Congressional Republicans after the U.S. Congress passed sweeping tax overhaul legislation on the South Lawn of the White House in Washington, U.S., December 20, 2017. REUTER... More »
Egypt's tourism revenues jumped by 170 percent in the first seven months of 2017, reaching $3.5 billion, a government official told Reuters. More »
FILE PHOTO: An aerial view of the rift in the Larsen C seen in an image from the Digital Mapping System over the Antarctica Peninsula, Antarctica, on November 10, 2016. NASA’s Goddard Space Flight Center/Handout via One of the biggest icebergs on record has br... More »
U.S. President Donald Trump boards Air Force One as he departs Joint Base Andrews in Maryland, U.S., June 13, 2017. REUTERS/Kevin Lamarque More than 190 Democratic lawmakers sued President Donald Trump in federal court on Wednesday, saying he had accepted fund... More »
A man sits in his apartment across from the U.S. embassy in Havana, Cuba June 13, 2017. REUTERS/Stringer U.S. Secretary of State Rex Tillerson said on Tuesday a policy of engagement with Cuba has financially benefited the island’s government in violation of U.... More »
Lights are projected on the facade of the Gran Hotel Manzana during its official inauguration, in Havana, Cuba June 7, 2017. REUTERS/Stringer Towering cranes dot the Havana skyline as communist-run Cuba races to build luxury hotels, amid indignation among some... More »
The Hotel Santa Isabel is seen in Old Havana, Cuba May 22, 2017. REUTERS/Stringer U.S. online travel services company Expedia (EXPE.O) said on Tuesday it had started offering online booking for hotels in Communist-run Cuba, hoping to capitalize on a boom in to... More »
FILE PHOTO – The Discovery Communications logo is seen at their office in Manhattan, New York, U.S., August 1, 2016. REUTERS/Andrew Kelly/File Photo Discovery Communications, owner of Discovery Channel and Animal Planet, will build a $400 million theme park in... More »
Hwang Kag-gyu, head of Lotte Corporate Innovation Office, speaks during a news conference in Seoul, South Korea, April 3, 2017. REUTERS/Kim Hong-Ji South Korea’s Lotte Group will continue to invest in its China business despite diplomatic tensions over the dep... More »
Chief Executive of Indonesia’s MNC Group Hary Tanoesoedibjo looks on during his visit to the Indonesia Stock Exchange (IDX) in Jakarta, Indonesia February 3, 2017. REUTERS/Beawiharta The Indonesian business partner of the Trump group has pledged to respect Hin... More »
Brian Chesky, CEO and Co-founder of Airbnb, speaks to the Economic Club of New York at a luncheon at the New York Stock Exchange (NYSE) in New York, U.S. March 13, 2017. REUTERS/Mike Segar U.S. short-term rental giant Airbnb Inc will triple its China staff thi... More »
Brian Chesky, CEO and Co-founder of Airbnb, speaks to the Economic Club of New York at a luncheon at the New York Stock Exchange (NYSE) in New York, U.S. March 13, 2017. REUTERS/Mike Segar Airbnb, the online marketplace for short-term lodging, is expanding its... More »
South Korean prosecutors started investigating domestic conglomerates Lotte Group and SK Group as part of a wider probe into a graft scandal that led to Park Geun-hye’s removal from the presidency, Yonhap news agency reported on Wednesday. More »
The headquarters of the China Trademark Office is seen in Beijing, China, March 9, 2017. REUTERS/Jason Lee China has granted preliminary approval for 38 trademarks linked to Donald Trump, documents on China’s state trademark office show, giving the U.S. Presid... More »
FILE PHOTO – People look out from the observation tower of the Marina Bay Sands amongst public and private residential apartment buildings in Singapore, February 22, 2016. REUTERS/Edgar Su/File Photo Singapore, a keen early adopter of the sharing economy, has ... More »
A florist arranges flowers in preparation for Valentine’s Day in Los Angeles February 10, 2012. REUTERS/Lucy Nicholson When it comes to romantic screwups, missing Valentine’s Day is about as bad as it gets. But what if you miss it on purpose? More »
A 3D printed people’s models are seen in front of a displayed Airbnb logo in this illustration taken, June 8, 2016. REUTERS/Dado Ruvic/Illustration TPX IMAGES OF THE DAY – RTSGKJ0 Airbnb Inc is looking to raise an additional $153 million as an extension of a r... More »
A 3D printed people’s models are seen in front of a displayed Airbnb logo in this illustration taken, June 8, 2016. REUTERS/Dado Ruvic/Illustration Airbnb Inc and New York City said on Friday they had resolved a lawsuit brought by the company challenging a law... More »
A trader works at his desk as the U.S. presidential town hall debate between Republican U.S. presidential nominee Donald Trump and Democratic nominee Hillary Clinton is shown on television at Citibank’s trading floor located in central Sydney, Australia, Octob... More »
Companies including drywall and building materials manufacturer Continental Building Products are including exceptions in US leveraged loan credit agreements that could bypass auditors’ opinions and make it harder for banks to declare a default. More »
A screen displays stock charts while a trader works at his post on the floor at the New York Stock Exchange, May 30, 2013. REUTERS/Brendan McDermid With traditional dividend-paying stocks such as utilities and telecom companies trading near record highs, U.S. ... More »
By Aradhana Aravindan and Marius Zaharia | SINGAPORE SINGAPORE Sherine Toh says her best days at work are when none of the 600-or-so staff at Singapore’s Tung Lok Restaurants (TGLK.SI) quits, though such days are rare. The Chinese restaurant group is one of th... More »
By Alwyn Scott | NEW YORK NEW YORK A data breach at 20 U.S. hotels operated by HEI Hotels & Resorts for Starwood, Marriott, Hyatt and Intercontinental may have divulged payment card data from tens of thousands of food, drink and other transactions, HEI said on... More »
BRUSSELS U.S. hotel chain Marriott International (MAR.O) is on track to win unconditional EU antitrust approval for its cash and share purchase of Starwood Hotels and Resorts Worldwide Inc (HOT.N), a person familiar with the matter said on Tuesday. The deal, c... More »
BERLIN Chihira Kanae is greeting visitors to the world’s biggest travel fair in Berlin this week, answering questions and guiding people in the right direction. But one passer by’s attempt to ask her out for dinner is met with silence. That’s because Chihira K... More »
NASHVILLE, Tenn. Attorneys for sportscaster Erin Andrews said on Tuesday a Marriott hotel was negligent in enabling a guest to shoot a nude video of her that went viral on the Internet, while the Tennessee hotel put the blame entirely on the stalker. Andrews, ... More »
Airlines, hotels and cruise operators serving Latin America and the Caribbean are facing growing concern among travelers spooked by the mosquito-borne Zika virus. The outbreak of the virus, linked to brain damage in thousands of babies in Brazil, comes as a re... More »
SYDNEY Australian tax authorities on Thursday took the unprecedented step of publishing the records of hundreds of companies, including Google Inc (GOOGL.O) and Apple Inc APPL.O, which show they paid little or no tax on their in-country earnings. Of more than ... More »
NEW YORK/BOSTON The slowdown in the Chinese economy, which prompted the Chinese government to devalue the yuan currency on Tuesday, has already hammered the shares of U.S. industrial companies. Yet some contrarian U.S. fund managers say there is still room to ... More »
