American Airlines bets on supersonic travel with Boom jet deal

American Airlines bets on supersonic travel with Boom jet deal

An American Airlines plane flies past the US Capitol before landing at Reagan National Airport in Arlington, Virginia, US, Jan. 24, 2022. REUTERS/Joshua Roberts/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 16 (Reuters) – American Airlines Group Inc (AAL.O) on Tuesday agreed to purchase up to 20 jets from aircraft maker … Read more

Exclusive: Tencent plans to divest its $24 billion stake in Meituan

Exclusive: Tencent plans to divest its  billion stake in Meituan

Tencent wants to start selling Meituan shares this year – sources Sales tries to please regulators, monetize 8-year-old gambling resources Selling Shares Will Likely Be Done As Block Trading – Resources Move Comes Following Tencent’s Divestment of JD.com, SEA Holdings Meituan shares sink 10%; Restoring Tencent Shares HONG KONG, Aug. 16 (Reuters) – China’s Tencent … Read more

UK is first to approve Omicron COVID shot with Moderna nod

UK is first to approve Omicron COVID shot with Moderna nod

A nurse prepares a dose of the Moderna coronavirus disease (COVID-19) vaccine at Glangwili General Hospital in Carmarthen, Wales, UK April 7, 2021. Jacob King/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register UK JCVI supports use of bivalent shot in autumn booster campaign Moderna sees approvals soon for Australia, Canada and … Read more

NYSE Delisting Signal Indicates Beijing May Be Willing To Compromise Over US Audit Disputes Analysts

NYSE Delisting Signal Indicates Beijing May Be Willing To Compromise Over US Audit Disputes Analysts

A trader walks on the floor of the New York Stock Exchange (NYSE) in New York City, USA June 14, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register HONG KONG, Aug. 15 (Reuters) – The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) indicates … Read more

Newly launched US drugs heading for record high prices in 2022

Newly launched US drugs heading for record high prices in 2022

The Average Annual Price for New U.S. Drugs This Year Is $257,000 Eight of the 13 drugs launched in 2022 cost more than $200,000 a year Some drug manufacturers reveal less information about prices Aug 15 (Reuters) – Drug makers are launching new drugs at record prices this year, a Reuters analysis finds, highlighting their … Read more

Oil falls as Chinese data weighs

Oil falls as Chinese data weighs

FILE PHOTO – A pump jack is seen surrounded by steam during sunset at a PetroChina oil field in Karamay, Xinjiang, Uyghur Autonomous Region, Jan. 5, 2011. REUTERS/Stringer Register now for FREE unlimited access to Reuters.com Register China’s July refinery output lowest since March 2020, data shows Stronger US dollar and low liquidity pressures Coming … Read more

Exclusive: Wall Street revives Russian bond trading after US approval

Exclusive: Wall Street revives Russian bond trading after US approval

NEW YORK, Aug. 15 (Reuters) – Several major Wall Street banks have begun offering transactions in Russian debt in recent days, according to banking documents seen by Reuters, giving investors another chance to sell assets held in the US. West generally considered poisonous. Most US and European banks had pulled out of the market in … Read more

Asia equities mixed, China cuts rates as data disappoints

Asia equities mixed, China cuts rates as data disappoints

FILE PHOTO – People pass an electronic screen displaying Japan’s Nikkei stock price index in a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 Nikkei Rising, S&P 500 Futures Dip PBOC cuts key interest rates, Chinese data misses forecasts Eyes on Fed Minutes, … Read more

Former Deutsche Bank co-CEO Anshu Jain passed away

Former Deutsche Bank co-CEO Anshu Jain passed away

Anshu Jain, co-CEO of Deutsche Bank, addresses the bank’s annual general meeting in Frankfurt, Germany, May 21, 2015. REUTERS/Kai Pfaffenbach Register now for FREE unlimited access to Reuters.com Register Aug 13 (Reuters) – Anshu Jain, a top financial director best known for helping German lender Deutsche Bank AG (DBKGn.DE) take on the largest Wall Street … Read more

Platoon to cut jobs, close stores and raise prices in company-wide revamp

Platoon to cut jobs, close stores and raise prices in company-wide revamp

Aug 12 (Reuters) – Peloton Interactive Inc (PTON.O) said Friday it would cut jobs, close stores and raise prices for its fitness equipment, including treadmills and high-end bicycles, as it undergoes a company-wide revamp to boost its sales and better cash flow. Shares of the company rose about 11% in afternoon trading after the company … Read more