Africa

Responsive image

JetBlue forecasts second-quarter profit above expectations on robust demand 

Reuters | April 25, 2023

(Reuters) – JetBlue Airways Corp forecast a better-than-expected second-quarter profit on Tuesday as the low-cost carrier remains confident about a robust recovery in leisure and international travel. Shares of the airline rose 2.64% in premarket trade after it reported a smaller-than-expected quarterly loss. The New-York based carrier maintained an optimal low-cost structure, while adding new […]

Responsive image

Fund managers rush into emerging stocks and cut cash – BofA survey

Reuters | February 14, 2023

LONDON (Reuters) -Investors turned more optimistic about the global economy in February, flocking to emerging market stocks and cutting their cash holdings to levels last seen since before the war in Ukraine, a BofA survey of global investors showed on Tuesday. The survey of 299 fund managers, with a combined $847 billion in assets under […]