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Emirates' cash reserves, fuel hedging help airline ride out Iran war turmoil

Emirates' cash reserves, fuel hedging help airline ride out Iran war turmoil

By Federico Maccioni and Ahmed Elimam DUBAI, May 7 (Reuters) - Emirates airline has the financial muscle to withstand higher jet fuel prices and disruption from the Iran war, the Gulf carrier said on Thursday, citing strong cash reserves as it posted a record full-year net profit.

Iran reviewing US proposal as Trump pressures Tehran for agreement on deal to end war

Iran reviewing US proposal as Trump pressures Tehran for agreement on deal to end war

Iran has said it is reviewing new U.S. proposals to end the war, as U.S. President Donald Trump threatens more bombing if no deal is reached

US fires on Iranian oil tanker as Trump pressures Tehran for deal to end war

US fires on Iranian oil tanker as Trump pressures Tehran for deal to end war

The U.S. military says it has fired on an Iranian oil tanker as President Donald Trump seeks to pressure Tehran into reaching a deal to end the war

European shares pause as markets watch Mideast peace prospects; earnings on tap

European shares pause as markets watch Mideast peace prospects; earnings on tap

May 7 (Reuters) - European shares were steady on Thursday, after a sharp rally in the previous session, with investors holding on to optimism that a U.S.-Iran peace deal was close, while parsing through corporate results. The pan-European STOXX 600 was muted at 623.56 points, as of 0703 GMT.

Trump to pause US effort to guide vessels out of Strait of Hormuz to allow time for an Iran deal

Trump to pause US effort to guide vessels out of Strait of Hormuz to allow time for an Iran deal

President Donald Trump says that he is pausing the U.S. effort to guide stranded vessels out of the Strait of Hormuz to finalize an Iran deal, but that the American forces’ blockade of the Iranian ports would remain in place

Israel strikes Beirut suburbs for first time since ceasefire was announced

Israel strikes Beirut suburbs for first time since ceasefire was announced

Israel struck Beirut’s southern suburbs for the first time since a ceasefire between Israel and the Hezbollah militant group was announced on April 17

China's top envoy meets with Iran's in Beijing as Trump pauses US effort in the Strait

China's top envoy meets with Iran's in Beijing as Trump pauses US effort in the Strait

President Donald Trump says he is pausing the U.S. effort to guide stranded vessels out of the Strait of Hormuz to allow time for a deal to end the Iran war, but that the American forces’ blockade of Iranian ports would remain in place

US says ceasefire with Iran is holding despite attacks in the Strait of Hormuz and against the UAE

US says ceasefire with Iran is holding despite attacks in the Strait of Hormuz and against the UAE

U.S. military leaders say a ceasefire with Iran remains in effect a day after Tehran was blamed for new attacks in the Strait of Hormuz and against the United Arab Emirates

Frontier Airlines forecasts bigger-than-expected second-quarter loss as fuel costs surge

Frontier Airlines forecasts bigger-than-expected second-quarter loss as fuel costs surge

May 5 (Reuters) - Frontier Group, the parent of low-cost carrier Frontier, forecast a bigger-than-expected second-quarter loss on Tuesday, as a surge in jet fuel prices erodes margins. The airline's shares plunged 9% in pre-market trading.

China's top envoy meets with Iran's in Beijing

China's top envoy meets with Iran's in Beijing

China’s Foreign Minister Wang Yi met with his Iranian counterpart, Abbas Araghchi, in Beijing on Wednesday, the official Xinhua news agency reported, without providing further details

Wall Street hesitates and oil prices climb with uncertainty about the Strait of Hormuz

Wall Street hesitates and oil prices climb with uncertainty about the Strait of Hormuz

U.S. stocks are holding tentatively near their record heights, while oil prices climb with uncertainty about when oil tankers can resume crossing the Strait of Hormuz and restore the world’s flow of crude

Trump says he's paused US effort to guide stranded vessels out of Strait of Hormuz

Trump says he's paused US effort to guide stranded vessels out of Strait of Hormuz

President Donald Trump says he has paused the U.S. effort to guide stranded vessels out of the Strait of Hormuz to finalize an Iran deal