By Gabriel Araujo and Kylie Madry
SAO PAULO/MEXICO CITY (Reuters) - Chilean carrier LATAM Airlines hiked its earnings forecasts for this year on Thursday, backed by a strong first-quarter performance and increased demand.
LATAM sees its revenues ranging from $12.8 billion to $13.1 billion for the year, up from a previous estimate of $12.4 billion to $12.8 billion.
Meanwhile, its adjusted EBITDAR - earnings before interest,... (continue reading...)
By Devayani Sathyan
BENGALURU (Reuters) - Australia's central bank will hold its key policy rate at 4.35% for a fourth straight meeting on Tuesday and at least until end-September, according to a Reuters poll of economists who forecast just one interest rate cut this year.
That change in expectations from two 25 basis point cuts in an April survey follows news inflation fell less than expected last quarter and the labour market remains... (continue reading...)
BUENOS AIRES (Reuters) - Diego Maradona's children filed a request with the Argentine Courts on Thursday to move the former football great's body "to a much safer place" and for fans "to pay tribute" in a mausoleum.
Maradona's remains lie in a private cemetery on the outskirts of Buenos Aires where he was carried in November 2020 in a massive funeral procession. Only family members are allowed to enter the cemetery.
The mausoleum,... (continue reading...)
MILAN (Reuters) - Luxury sports car maker Ferrari has unveiled two new models, the 12Cilindri and the 12Cilindri Spider, appealing to lovers of its most powerful roaring petrol engines.
The two cars, showcased at an event in Miami on Thursday evening, mark Ferrari's first launches of this year, after five in 2023, as it presses ahead with a rapid roll-out of new models to keep the attention of its wealthy customers.
As part of a wider... (continue reading...)
By David Lawder
WASHINGTON (Reuters) - The Internal Revenue Service said on Thursday that it plans to sharply increase audit rates for big corporations, partnerships and multimillionaires over the next three years as it ramps up enforcement spending and hiring to boost collections.
Releasing an update of its strategic operating plan for spending $60 billion in funding from the 2022 Inflation Reduction Act, the IRS said it was targeting a... (continue reading...)
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