Bloomberg Thomas Cook Group Plc said unusually hot weather is making its north European customers far less enthusiastic about booking last-minute beach holidays, weighing on the tour operator’s earnings. Summer bookings for the UK company’s package breaks were unchanged from last year through July 21, compared to a 3 percent gain through May, according to a statement on Tuesday, indicating ...

Bloomberg US stocks climbed as industrial shares rallied after Bloomberg reported that the Trump administration is seeking to ease trade tensions with China. Most sovereign bond yields edged lower after the Bank of Japan pledged to keep its monetary policy ultra loose. The S&P 500 Index halted a three-day slide as Boeing Co, Caterpillar Inc and 3M Co all added ...

Bloomberg Trouble in the leveraged ETF complex could spark a fresh volatility explosion that hits commodity investors in its wake, according to Macro Risk Advisors. The New York-based firm warns the VanEck Vectors Gold Miners ETF, ticker GDX, is vulnerable to outsized price swings if its tracked basket of stocks drops by 5 percent or more in a single day. ...

Bloomberg IndiGo, India’s biggest airline, fell to the lowest in 16 months as rising fuel prices and a weaker rupee led to its worst-ever quarterly profit in a fiercely-competitive market. The carrier, operated by InterGlobe Aviation Ltd., said net income dropped 97 percent to 278 million rupees ($4 million) in the three months through June, its worst quarterly result since ...

Bloomberg Ryanair Holdings Plc’s labour crisis deepened as pilots in Germany voted to strike in a dispute over pay and conditions. Crews could walk out at 24 hours’ notice after more than 96 percent of respondents backed industrial action in a poll, the Vereinigung Cockpit union said. It set an August 6 deadline for the discount carrier to avoid disruption ...

Bloomberg Lotte Group, reeling from a wave of anti-Korean sentiment in China for more than a year, is considering selling some of its department stores in the country, a move that would accelerate the conglomerate’s withdrawal from the world’s second-largest economy. The sale of some of Lotte Shopping Co.’s five malls is among options being reviewed in the country, a ...

Bloomberg Cathay Pacific Airways Ltd. offered a voluntary early retirement package to employees in Japan as part of a three-year restructuring effort to revive earnings growth. Cathay is undergoing a “comprehensive review” of regional organisation including Northeast Asia, which consists of Japan, Taiwan and Korea, the airline’s Japan office said in emailed comments. Employees in Japan were briefed on the ...

Bloomberg Honda Motor Co. joined the list of carmakers projecting challenges for the global auto industry hit by a trade war — though a weaker yen is helping the Japanese brand weather some of the storm. The Japanese company lowered its revenue forecast for the fiscal year as it shaved 75,000 vehicles off its sales projection for North America, citing ...

Bloomberg Sony Corp. raised its outlook for the current fiscal year, thanks to robust sales of the PlayStation console and a stake in recently listed Spotify Technology SA. Net income will be 500 billion yen ($4.5 billion) on sales of 8.6 trillion yen through next March, the Tokyo-based company said. The prior forecast called for 480 billion yen and 8.3 ...

Bloomberg China has charged its former top internet censor with corruption, formalising the demise of an official who became synonymous with the country’s strict control of online information. Lu Wei was charged with accepting bribes, taking advantage of his official position and using other officials to seek profits, according to a statement issued by the Supreme People’s Procuratorate, China’s top ...