Oil posts 3.5pc weekly gains on positive economic data
HOUSTON, Aug 10 (Reuters): Oil prices settled higher on Friday and notched over 3.5 per cent in weekly gains as positive economic data and signals from Fed policymakers that they could cut interest rates as early as September eased demand concerns, while fears of a widening Middle East conflict continue...
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Foreign airlines lose interest in China as domestic carriers expand abroad
SEOUL, Aug 10 (Reuters): Chinese airlines are gaining market share on international routes, industry data shows, as foreign rivals are deterred by weak China travel demand and rising costs and extended flight times because of the need to avoid Russian airspace.Foreign airlines, led by Western carriers such as British Airways...
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Deliveroo reaches net profit and cash flow milestones
LONDON, Aug 10 (Reuters): British meal delivery company Deliveroo on Thursday said it had achieved the twin milestones of positive net profit and free cash flow in the first half as demand from customers stabilised.Chief Executive Will Shu, who co-founded the business in 2013, said the performance overall was "really...
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China consumer prices hit five-month high
BEIJING, Aug 10, 2024 (AFP): Chinese consumer inflation rose more than expected in July to hit a five-month high, data showed Friday, providing some much-needed positive news on the world's number-two economy.The reading comes as authorities struggle to kickstart activity among the country's army of consumers, with officials last week...
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