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Kuwait rebounds in volatile session, Dubai firm

  DUBAI / Reuters Most stock markets in the Gulf ended the week on a slightly positive footing on Thursday with Kuwait’s index managing to rebound from heavy losses earlier in the session. The Kuwaiti index swung 0.3 percent in a volatile session, after dropping as much as 2.0 percent earlier in the day as some shares which had pulled ...

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China’s carriers set for biggest profit since 2010 on expansion

  Bloomberg Morton Shen, a manager at a Shanghai-based company, no longer needs to spend more than 17 hours to fly to Madrid after a layover in Amsterdam. A Chinese airline now can whisk him direct to Spain’s capital in about 13 hours for a cheaper fare. “Most travellers would prefer the direct flight as transfers waste too much time,” ...

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Lululemon drops 18% after forecast misses mark

  Bloomberg Lululemon Athletica Inc. plummeted as much as 18 percent in late trading after the yogawear company’s forecast missed estimates, renewing concern that demand for athletic gear is wavering. The company expects earnings of $2.26 to $2.36 a share this year, well below the $2.56 projected by analysts. Its revenue forecast also came in light of predictions. Lululemon’s woes ...

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