Norwegian Air Cuts Guidance on Weaker Domestic Currency
Norwegian Air Shuttle cut its full-year earnings guidance as it expects costs to increase due to a weakening of the Norwegian krone against the U.S. dollar during the fourth quarter.
Norwegian Air Shuttle cut its full-year earnings guidance as it expects costs to increase due to a weakening of the Norwegian krone against the U.S. dollar during the fourth quarter.
Passenger traffic hit a record in 2024, helped by a bumper December and holiday travel season, with 3 million more passengers than in the previous record of year of 2019.
Bond markets struggled to stabilise with the rally in oil, upbeat U.S. payrolls and the government supply wave taking its toll, Commerzbank Research said, adding that a change in dynamics seems unlikely this week.
The carmaker reported a drop in 2024 car deliveries with weakness in China offsetting growth in other markets, and said the year ahead is likely to remain tough.
With the Fed unlikely to cut interest rates as quickly as hoped, corporate earnings growth becomes even more critical to keeping the market afloat.
Militants in Gaza are recruiting new fighters under the leadership of Yahya Sinwar’s younger brother, Mohammed Sinwar, known as “Shadow.”
At the end of the Cold War, global powers reached the consensus that the world would be better off with fewer nuclear weapons. That era is now over.
Chinese foreign-exchange regulators reiterated their pledge to defend the yuan as the currency comes under renewed pressure amid the prospects of U.S. trade tariffs.
The country’s economy is increasingly reliant on foreign demand for goods pouring out of Chinese factories.
Oil rose in early Asian trade in the wake of more data signaling a strong U.S. economy.
South Korea’s benchmark Kospi fell 0.3% to 2508.40 in early trade, as shipbuilding and steel stocks retreated.
Asian currencies consolidated against the dollar in the early morning session. Friday’s robust U.S. nonfarm payrolls report has reduced the probability of Fed rate cuts in the near term, CBA said.
Gold was steady in the early Asian session, underpinned by inflation concerns likely spurred by incoming U.S. President Trump’s policies.
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