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By Joanna Plucinska LONDON (Reuters) – TUI wants to attract holidaymakers from China and the United States to its new hotels in Asia and is offering cheaper destinations in eastern Europe as budget-conscious Europeans spend less and book shorter vacations, its top executive said. The plan is part of an expansion already underway for the …

TUI wants to attract Chinese, US holidaymakers as Europeans tighten budgets Read More »

(Reuters) – Microsoft has made an undisclosed equity investment in Veeam Software as part of an expanded partnership to build artificial intelligence products, the cloud data company said on Tuesday. Veeam’s software is designed to help customers quickly recover their data after cybersecurity incidents, ransomware attacks or accidental data loss. Its core product supports immutable …

Microsoft invests in cloud data firm Veeam Software to build AI products Read More »

WASHINGTON (Reuters) – U.S. single-family house prices increased solidly in December, despite improving supply, which together with elevated mortgage rates will continue to erode affordability. House prices rose 0.4% on a month-on-month basis after an upwardly revised 0.4% increase in November, the Federal Housing Finance Agency said on Tuesday. Prices were initially reported to have …

US house prices increase strongly in December Read More »

Feb 25 (Reuters) – Canadian factory sales most likely rose 2.0% in January from December, largely driven by higher sales in motor vehicle industry group, as well as the primary metal subsectors, Statistics Canada said in a flash estimate on Tuesday. The estimate was calculated based on a weighted response rate of 62.4%. The average …

Canada January factory sales most likely up 2.0% – Statscan flash estimate Read More »

A look at the day ahead in U.S. and global markets from Mike Dolan Rancorous geopolitics continues to grab most headlines again this week, but it’s creeping anxiety about a slowing U.S. economy that’s unnerving investors most about Wall Street stocks. Wary of Wednesday’s results from megacap chip giant Nvidia, the S&P500 lost its 6,000 …

Morning Bid: S&P500 loses 6,000 handle amid U.S. slowdown fears Read More »

LONDON (Reuters) – Dallas Federal Reserve Bank President Lorie Logan on Tuesday floated the idea of allocating a “modest” part of the Fed’s balance sheet to loans and repos, perhaps holding a daily auction of discount-window loans. This would encourage banks needing liquidity to be ready to borrow from the Fed and improve the efficiency …

Fed’s Logan floats idea of discount-window loan auction facility Read More »