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Swatch H1 profit dips to lowest in seven years

  Bloomberg Swatch Group AG, the maker of Omega and Tissot timepieces, reported its lowest first-half profit in seven years as demand cratered in Hong Kong, France and Switzerland. First-half operating profit declined 54 percent to 353 million francs ($359 million), the Biel, Switzerland-based company said in a statement on Thursday. The company said last week that earnings at that ...

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EasyJet revenue slides as Brexit depresses fares

  Bloomberg EasyJet Plc reported lower quarterly revenue and said volatility would affect the key summer travel season as the British low-cost carrier faces headwinds including a string of terrorist attacks across its main markets and Britain’s decision to exit the European Union. Sales in the fiscal third quarter ended June 30 fell 2.6 percent to 1.2 billion pounds ($1.58 ...

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Credit card deals to boost American Airlines

  Bloomberg American Airlines Group Inc. expects new credit-card deals with Citigroup Inc. and Barclays Plc to boost its pretax income by about $1.55 billion over the next two-and-a-half years. The accords will generate $200 million before taxes in the second half of this year, $550 million in 2017 and $800 million in 2018, the carrier said in a US ...

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