No Picture
Trading Ideas

Royal Caribbean cancels 18 cruises, warns coronavirus hit to yearly profit

The epidemic, which originated in China’s Hubei province and has killed more than 1,300 people, has taken a toll on cruise operators as travel restriction and fear of the virus spreading have led to cancellations of trips to the Far East. Last week, Royal Caribbean said it canceled eight cruises out of China through March 4 and warned of a 25 cent impact to its first quarter earnings. The company said the 18 canceled cruises would cut its full-year earnings per share by 65 cents, warning that cancelling all its remaining sailings in Asia through the end of …read more […]

No Picture
Business News

Exclusive: Venezuela’s PDVSA to unload $57 million oil cargo disputed by rival Citgo boards

Venezuela’s state-run oil company PDVSA this week plans to discharge nearly 1 million barrels of crude stranded for over a year at sea over U.S. sanctions against the company and an ownership dispute with its refining unit, Citgo Petroleum, according to internal documents viewed by Reuters.

…read more […]