Macy’s warning on margins hits department store shares
CHICAGO (Reuters) – Macy’s Inc margins could end the year as much as 80 basis points lower than in 2016, Chief Financial Officer Karen Hoguet warned on Tuesday in comments that sent shares of the department store chain sliding to five-year lows, and a…
Maersk says unable to ship Qatar bound cargo from UAE, seeks alternatives
LONDON (Reuters) – Maersk can no longer transport goods in or out of Qatar after Arab countries imposed restrictions on trade with the tiny Gulf state and the company is looking at alternative shipping routes.
Qantas says still room for Emirates partnership on routes to Europe
CANCUN, Mexico (Reuters) – Australia’s biggest airline Qantas is still keen to work with Dubai-based Emirates on routes to Europe, even as it starts to open up more of its own routes, executives said on Tuesday.
Anthem to leave Ohio’s Obamacare insurance market in 2018
(Reuters) – Anthem Inc, which has urged Republican lawmakers to commit to paying government subsidies for the Obamacare individual health insurance system, on Tuesday announced it would exit most of the Ohio market next year.
U.S., Mexico reach sugar pact despite U.S. producer resistance
WASHINGTON/NEW YORK (Reuters) – Mexico on Tuesday conceded to U.S. demands for changes in the terms of Mexican access to the lucrative U.S. sugar market, striking a deal with Washington that will likely lift prices of the sweetener to U.S. food process…
Embraer’s biggest passenger jet may be its best-seller
CANCUN, Mexico (Reuters) – The biggest passenger jet ever made by Brazil’s Embraer SA may become its top-selling model, emerging from the shadows of smaller siblings due to extra rows and big wings that have changed its economics, a senior executive t…
Port bans choke Qatar’s commodity trade as gas supply worries grow
SINGAPORE/LONDON (Reuters) – A campaign by leading Arab powers to isolate Qatar is disrupting trade in commodities from crude oil to metals and food, and deepening fears of a possible jolt to the global gas market, where the tiny Gulf state is a major …
U.S. job openings hit record high; skills mismatch rising
WASHINGTON (Reuters) – U.S. job openings surged to a record high in April and employers appeared to have trouble finding suitable workers, pointing to a tightening labor market that could encourage the Federal Reserve to raise interest rates next month…
Foreign investors to pour nearly $1 trillion into emerging markets in 2017: IIF
NEW YORK (Reuters) – Non-resident capital inflows to emerging markets should reach $970 billion this year, a 35 percent increase from 2016, the Institute of International Finance said in a report released on Tuesday.
Wall Street slips ahead of UK vote, ECB, Comey testimony
NEW YORK (Reuters) – Major U.S. stock indexes ended near session lows on Tuesday as traders shied away from risky assets ahead of major political and economic headlines expected on Thursday.
