Bloomberg Gold headed for the first weekly decline as traders weighed mixed signals from Federal Reserve officials on the size of the next interest rate increase. Bullion dropped to a three-week low amid an ongoing discussion on whether the Fed will shift to less aggressive rate hikes. The policy makers offered divergent views, with St. Louis’s James Bullard urging another …

Abu Dhabi / WAM The expected economic growth rate for the Arab countries will rise to 5.4 percent in 2022 due to rising oil prices, the increase in production in Arab oil-exporting countries, and the continuation of reforms that promote growth, according to the Seventeenth Edition of the Arab Economic Outlook Report (AEOR), released by the Arab Monetary Fund (AMF) …

Bloomberg Target Corp is betting heavily on a dramatic financial comeback the rest of this year after badly trailing its own forecast as well as Wall Street’s estimates in the second quarter. The retailer stuck with its outlook for operating income of about 6% of sales during its fiscal second half after taking a painful hit from aggressive moves to …

  Bloomberg Cabin crew staff of International Consolidated Airlines Group SA’s low-cost Spanish carrier Iberia Express plan to strike after talks over pay stalled. The USO union has called walkouts from August 28 to September 6 after failing to reach an accord with the company to link pay to inflation and then increase salaries, an official for the union said. …

  Bloomberg American Airlines Group Inc agreed to buy 20 Overture jets from Boom Supersonic, gambling that a market will emerge for a new generation of sleek aircraft that can cut transatlantic travel times by half. The world’s largest airline also has an option to purchase another 40 of the gull-winged jets that Boom plans to roll out by mid-decade, …

  Bloomberg Walmart Inc surged the most in almost two years as a less-dire profit forecast signalled that the retail giant is finding its footing after slashing its outlook three weeks ago. Results improved more than expected in July thanks to robust back-to-school sales, lower fuel prices and more buying by wealthier customers seeking bargains, Walmart CEO Doug McMillon said. …

  Bloomberg Ryanair Holdings Plc is adding 500 flights to its autumn schedule from its base at London Stansted airport as the discount carrier looks to win more customers after Heathrow extended a cap on capacity. The extra flights will give Ryanair an additional 100,000 seats during the mid-term school holidays to destinations including Spain, Italy, Portugal and Greece, the …

  Bloomberg Bed Bath & Beyond Inc, the struggling retailer turned meme-trader darling, skidded as much as 21% in postmarket trading after a top investor suggested he has soured on the stock. Ryan Cohen’s RC Ventures said in a filing with the US Securities and Exchange Commission that it might sell as much as 7.78 million shares of Bed Bath …

  Bloomberg After years of eschewing the world’s safest assets, the managers of Australia’s $2.4 trillion of retirements savings are buying sovereign bonds. The trigger: fear that the global economy is sliding into recession. It’s a watershed moment for the country’s pension chiefs, whose love affair with riskier assets saw them binge on stocks while skirting this year’s historic bond …

  Bloomberg US equity-index futures pared losses in a volatile session after the Federal Reserve signalled a delicate balancing act that would see inflation-busting rate hikes continue despite a weakening economy. September contracts on the S&P 500 and Nasdaq 100 slid about 0.1% after the underlying benchmarks posted losses. The two-year Treasury yield, the most sensitive to monetary tightening, fluctuated …