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☆ World's busiest airports show surge in international travel. Here are the rankings
▼ + stars: | 2024-04-15 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Dubai International Airport ranked as the second busiest in 2023, up from fifth place in 2022 and fourth place in 2019, according to Airports Council International's preliminary ranking, which was released on Monday. The resurgence of international travel has been a bright spot for airlines with big international networks, while ultra-low-cost, domestic-focused U.S. airlines have struggled in recent months. Domestic U.S. airports continued to post big gains in passenger counts, but some slipped in the rankings compared with the middle of the pandemic, when international travel restrictions limited long-haul trips abroad. Hartsfield-Jackson Atlanta International Airport, Delta Air Lines ' biggest hub, once again topped the list of the busiest airports, serving 104.7 million passengers, ACI said. Here are the 2023 rankings (with 2022 rankings in parentheses):

Organizations: British Airways Airbus, Heathrow Airport, Dubai International Airport, International Airport, Global, ACI, Domestic U.S, Airport, United Airlines, Hartsfield, Jackson Atlanta International Airport, Delta Air Lines Locations: London, Britain, Tokyo, Denver, United, ACI's

☆ BofA reports inflows into global stocks are on a record-setting pace — and ETFs may be a way to play the hot trade
▼ + stars: | 2023-04-01 | by ( Sean Conlon | ) www.cnbc.com time to read: +1 min

There's a corner of the market gaining traction among ETF investors, according to The ETF Store's Nate Geraci. BofA Global Research's latest market data out late this week appears to support Geraci's thesis. Tierney of Schwab Asset Management contends retail investors don't own enough global stocks. "Rebalancing [to international stocks] to get some more exposure could make sense for a lot of investors," said the senior investment portfolio strategist. His firm's Schwab International Equity ETF , which tracks large- and mid-cap companies in over 20 developed global markets, is up 8.1% so far this year.

A special Kosovo court set up in The Hague indicted Thaci in November 2020 on 10 counts of war crimes and crimes against humanity including persecution, murder, torture and enforced disappearance of people among other things during the uprising. Thaci, 54, resigned as president shortly afterward and was transferred to detention in The Hague. As the fighting abated and Serbian forces withdrew under NATO bombardment from Kosovo, Thaci traded in his green uniform for a blue suit and tie. Milosevic went on trial before a separate U.N. tribunal in The Hague for war crimes against Kosovo Albanians in the conflict, but he died in 2006 before a verdict was reached. Some senior Serbian officials including then-army chief Nebojsa Pavkovic and deputy prime minister Nikola Sainovic were sentenced to long prison terms over war crimes in Kosovo.

☆ Put that out! Italy ministers fume over proposed smoking ban
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +2 min

Electronic cigarette firms in Italy say a new levy that doubles the price of e-liquid refills unfairly helps tobacco giants and will hurt their industry. REUTERS/Tony Gentile/File PhotoROME, March 6 (Reuters) - The Italian health minister's proposals to extend a smoking ban include the outdoor areas of bars and parks, according to details reported by local media, drawing the ire of right-wing cabinet colleagues who labelled him a "communist." Minister Orazio Schillaci, a technocrat with no party affiliation, said in January he would crackdown on smoking, including of e-cigarettes, which are being widely used by teenagers. The government passed a ban on smoking indoors in 2003, which came into force two years later. Health association Fondazione Umberto Veronesi estimates at least 43,000 people die in Italy every year for smoke-related reasons.

REUTERS/Florence Lo/Illustration/File PhotoHONG KONG, Feb 27 (Reuters) - JPMorgan (JPM.N) is proposing a new Asia credit index with slashed China weighting in parallel to its existing $85 billion Asia credit index, two sources said, amid growing geopolitical tensions and dimming appetite for Chinese property bonds. For the new index, JPMorgan has suggested the weighting of China be cut to close to 30% compared with a level of about 43% in its existing JPMorgan Asia credit index (.JPMACI) (JACI) in which China is the largest component, according to one person with direct knowledge of the matter. JACI is a premier Asia credit index, tracked by fund managers controlling more than $85 billion worth of assets, according to the January proposal. INDEX RESHUFFLEThe proposal to reduce China weighting came after some fund managers pushed JPMorgan to cut JACI's China debt exposure, two sources said, as its poor performance dragged down popularity of the passive products that track the index. Jane Cai, a fixed income portfolio manager at China Asset Management (Hong Kong), said at a media briefing this month that JPMorgan was also internally discussing an ex-China Asia credit index.

☆ M.D. Sass is betting big on these out-of-favor stocks, expecting growth, recession or not
▼ + stars: | 2023-02-18 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +6 min

"Myself and the team really did a lot of introspection," Sass recalled, in an interview with CNBC. Sass Concentrated Value portfolio, which the younger Sass manages. By limiting the number of stocks, Sass said he can do extensive due diligence and research into each of the companies it owns. The goal is to find value in underappreciated companies that are in the midst of a transformation that will accelerate growth and ultimately lead to a boost in a stock's value. 'Digging under rocks' To place his bets, you won't see Sass looking strictly at a stock's price-to-earnings multiple.

☆ Payments provider ACI Worldwide considers sale, shares surge - Bloomberg News
▼ + stars: | 2023-01-04 | by ( ) www.reuters.com time to read: +1 min

Jan 4 (Reuters) - Payments technology provider ACI Worldwide Inc (ACIW.O) is in talks with private equity firms for a potential sale of the company, Bloomberg News reported on Wednesday, citing people familiar with the matter. The report added that there was no certainty ACI would reach a deal, given the rocky state of the leveraged financing markets. Shares of the Naples, Florida-based company rose nearly 13% to close at $26.11, its highest point since August 2022, to attain a market capitalization of nearly $2.9 billion. The company had explored a sale two years ago as well, with Starboard Value pushing the move after acquiring a stake. Reporting by Anirban Chakroborti in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

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