Business

Virgin Australia Q3 underlying loss widens to US$46m

Virgin Australia Q3 underlying loss widens to US$46m

Virgin said its fleet simplification program, unfavourable movement in the USA dollar, Cyclone Debbie in Queensland and its budget arm Tigerair being forced off its Bali routes had all hurt earnings. Virgin Australia was also hit by costs associated with its removal of some aircraft from its fleet. The one unit to see an increase in passenger numbers was low-priced subsidiary Tigerair Australia, where passenger numbers rose 4.5 per cent and its revenue load factor rise 3.5 points to 89 per cent.


Ahead of EVM hacking challenge, EC meets 55 parties today

Ahead of EVM hacking challenge, EC meets 55 parties today

The Commission had convened the meeting to discuss the reliability of the EVMs following hacking allegations by some parties. Days before the meet, the Aam Admi Party (AAP) had staged a demonstration on hacking a "voting machine" in the Delhi Assembly.


Chesapeake Energy Corporation Posted losses of -0.54% in the Last Trade

Chesapeake Energy Corporation Posted losses of -0.54% in the Last Trade

Hollencrest Securities LLC increased its position in shares of Chesapeake Energy by 6.1% in the first quarter. AlphaOne also gave media headlines about the utilities provider an impact score of 59 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the company's share price in the next few days.


France's Macron looks to past post-win, gears up for future

France's Macron looks to past post-win, gears up for future

Emmanuel Macron has won a resounding victory in the French presidential election but the focus will shift immediately to whether he can govern the country without the support of a traditional party. Belgian Prime Minister Charles Michel said Macron's victory was also a "clear rejection" of a "dangerous retreat plan for Europe". The candidates will be announced by Thursday.



Oil rises sharply as Saudi, Russia back supply cuts into 2018

But it isn't clear that these cuts will be able to reduce the glut of oil that precipitated crude's price collapse. The global Brent oil benchmark was up 3% to $52.33 per barrel this morning, and the U.S. "It has taken some time for stocks to reflect lower supply when volumes produced before output cuts by OPEC and eleven non-OPEC countries took effect are still being absorbed by the market", the report said.



Ryan backs Trump, cautions against 'rush to judgment'

Russian President Vladimir Putin listens to a question at a joint news conference with Italian Prime Minister Paolo Gentiloni at the Bocharov Ruchei state residence in Russian Black Sea resort of Sochi on Wednesday, May 17, 2017 . Trump told Comey, according to the memo. "So there are a lot of unanswered questions", Ryan told reporters. White House aides mostly kept a rare low profile, avoiding going on television.