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Oil prices climb as faith grows that suppliers will meet pledge to cut output MELBOURNE/SINGAPORE (Reuters) - Oil prices rose on Tuesday, supported by growing confidence in the market that producers will come good on commitments to cut crude supply while demand picks up with more cars back on the road as coronavirus ...
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Stanley Ho, Who Turned Macau Into a Global Gambling Hub, Dies at 98 Stanley Ho, the opportunistic casino tycoon who led the transformation of the tiny territory of Macau off the coast of China into the world's most lucrative gambling destination, died on Tuesday in Hong Kong, his family said. He was 98 years old. In building his ...
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Dow futures climb 500 points on recovery hopes and vaccine news U.S. stock futures indicated a powerful open for Wall Street on Tuesday after a long holiday weekend, as investors seized on fresh coronavirus vaccine news and signs that global economies are slowly starting to crawl back from the pandemic shutdown.
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Latin America's Largest Airline LATAM Files for US Bankruptcy Protection (Reuters) - Latin America's largest airline LATAM Airlines Group SA said on Tuesday the company and its affiliates in Chile, Peru, Colombia, Ecuador and the U.S. have filed for Chapter 11 bankruptcy protection in the United States. LATAM is the latest ...
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ECB's Villeroy: inflation target is symmetrical, flexible and mid-term PARIS (Reuters) - The European Central Bank's inflation objective is symmetrical, flexible and can be targeted over the mid-term, ECB policymaker Francois Villeroy de Galhau said on Tuesday. The ECB strives to steer euro zone inflation to its objective of ...
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Korean Prosecutors Question Samsung Heir in Succession-Related Probe SEOUL — Samsung Group heir Jay Y. Lee was questioned on Tuesday by prosecutors about a controversial 2015 merger and alleged accounting fraud that they said may have helped him advance his succession-planning agenda at the country's top ...
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China to strengthen policy, lower lending rates: PBOC Governor BEIJING (Reuters) - China will strengthen its economic policy and continue efforts to lower interest rates on loans, central bank Governor Yi Gang said, reinforcing expectations of further support measures to revive an economy ravaged by the coronavirus ...
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Uber lays off 600 people in India as the coronavirus pandemic hurts business Hong Kong (CNN Business) Uber's last big stand in Asia just got a lot smaller. The ride hailing company said on Tuesday that it is cutting 600 jobs in India, roughly 25% of its workforce in the country. People working in driver and rider support, as well as other ...
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India's Glenmark to study potential COVID-19 drug combination BENGALURU (Reuters) - Glenmark Pharmaceuticals Ltd said on Tuesday it will begin a new clinical trial in India to test a combination of two anti-viral drugs, favipiravir and umifenovir, as a potential COVID-19 treatment. The study will look to enroll 158 ...
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EasyJet says finance chief Findlay to leave in 2021 LONDON (Reuters) - British low cost airline easyJet (EZJ.L) said chief financial officer Andrew Findlay will leave the company in May 2021, and it had started the search for his successor. Findlay, who joined easyJet as CFO in 2015, on Friday survived an ...
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Aston Martin chief leaves amid share price collapse Struggling luxury UK carmaker Aston Martin has announced that chief executive Andy Palmer has stepped down. Tobias Moers is taking over from 1 August, with Keith Stanton filling the gap as interim chief operating officer. Mr Moers joins from Mercedes' ...
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Coronavirus latest: Singapore cuts 2020 GDP forecast to 7% contraction French hospital tests show sustained Covid-19 immunity. Victor Mallet in Paris. Tests on coronavirus-infected healthworkers in two French hospitals show that 98 per cent of them maintained strong immunity a month later, a finding ...
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Hertz says pandemic decimated revenue, leading to bankruptcy Hertz Global Holdings Inc., the car-rental company which filed for bankruptcy late Friday, said the collapse in air travel amid the coronavirus pandemic hit its biggest source of rental revenue. "The overall impact of the COVID-19 crisis devastated our revenue," ...
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NYSE's Floor to Reopen, With Masks — WSJ This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (May 26, 2020). The New York Stock Exchange is set to reopen its famed trading floor Tuesday, but it ...
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LIC modifies PM Vaya Vandana Yojana pension scheme for senior citizens: Check the details here The Life Insurance Corporation of India (LIC), on May 26, introduced the modified Pradhan Mantri Vaya Vandana Yojana (PM VVY) Scheme for senior citizens. After this modification, according to the LIC website, the scheme will earn an assured rate of return ...
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Bayer's Progress on Roundup Woes Won't End Monsanto Headache Bayer AG is close to a turning point in its legal battle over the weedkiller Roundup. But it still has work to do to convince investors that buying Monsanto made sense. The German drug and agriculture giant reached verbal agreements to resolve tens of ...
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Most publicly listed companies keep coronavirus small business loans Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below. More than four-fifths of publicly listed companies that received emergency small business loans from the U.S. government have held onto ...
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Green climate technology key to Covid-19 pandemic recovery plans In the wake of the historic global economic shutdown in response to the Covid-19 pandemic, governments are unleashing trillions of dollars in a bid to create jobs and spur economic recovery. The scale of this stimulus is unprecedented, in some cases ...
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Hair salons, pet groomers and barbers have reopened, and many will be booked for months The combination of guidelines that prevent them from taking more than one customer at once and the backlog of customers who would have been seen during the lockdown have businesses already booked through June. QUINCY — After being closed for ...
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Why Bharti Telecom's decision to retire debt is good news for Airtel investors MUMBAI: "Let no debt remain outstanding," says the Bible. Bharti Airtel Ltd's promoters have decided to follow the principle by selling a small slice of their shareholding to retire the debt on their books. Bharti Telecom Ltd, which holds 38.8% in Airtel, sold 152 ...
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Wedding venues 'breaking the law' by refusing coronavirus refunds WEDDING venues are potentially breaking the law by exploiting 'unfair' terms and conditions to avoid refunding couples for cancellations due to the coronavirus crisis, a new study says. Which? the consumer organisation has reported 12 UK wedding venues ...
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New Century in talks with Brazil's Vale over nickel-cobalt mine sale Australia's New Century Resources is in exclusive talks with Brazilian mining giant Vale to take over its troubled nickel and cobalt mine in New Caledonia under a proposed deal that contains a financial contribution from Vale and possible support from the ...
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Global stocks gain as German survey fuels optimism LONDON: Stocks edged higher on Monday after a survey showed German business morale rebounded in May, boosting optimism around economic re-openings, although caution prompted the dollar to snap a rare losing streak. MSCI's gauge of world stocks ...
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Salvation Army reopens stores The Salvation Army reopened Family Thrift Stores in four northern Michigan locations on Monday. The stores have been closed because of the COVID-19 pandemic since March 16. The stores in Gaylord, Cheboygan, Alpena and Houghton Lake opened for ...
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ITC shares surge 5% as Co to acquire spice major Sunrise Foods for Rs 2K cr Fast-moving consumer goods (FMCG) major ITC shares surged as much as 4.6 per cent to Rs 194.95 apiece on the BSE on Tuesday after the company announced it had entered into an agreement with the spice major Sunrise Foods to acquire a 100 per cent ...
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TWU tells government's Virgin representative bidders need assurances The TWU has met with the government's Virgin representative and told him attempts to sell the business are being impeded by lack of clarity over whether there will be federal help. Unions representing the airline's employees met with former Macquarie boss ...
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NCLAT sets aside NCLT order on making MCA party in IBC matters The NCLT had said making MCA a party would ensure that authentic record is made available by officers of the MCA for proper appreciation of the matters. Share · Next. insolvency, individual insolvency, insolvency case, Insolvency and Bankruptcy code, IBC ...
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Mukesh Ambani's youngest son Anant Ambani who said "Reliance meri jaan hai" joins Jio Platforms as Director Anant Ambani is the youngest son of Mukesh Ambani , the current chairman and managing director of Reliance Industries. Anant, who has stayed away from his family business so far, has joined Jio Platforms as an additional director. Delivering his first ...
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Coronavirus: Millennium & Copthorne hotels say 910 staff hit by Covid-19 hotel closures Trustworthy, accurate and reliable news stories are more important now than ever. Support our newsrooms by making a contribution. Contribute Now orange-arrow. One of New Zealand's biggest hotel chains, Millennium & Copthorne Hotels, says it has cut ...
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Cheaper travel deals as tourism goes 100 per cent pure local Trustworthy, accurate and reliable news stories are more important now than ever. Support our newsrooms by making a contribution. Contribute Now orange-arrow. Fancy a week in a rental motorhome that will cost you hundreds rather than thousands?
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Facebook Shops: The Good, the Bad and the Future of In-App Shopping With the launch of Facebook Shops, the future of shopping may just change forever. Will this alter the way retailers embrace mobile commerce? In conjunction with its subsidiary apps including Instagram, Facebook now consumers users to make an order for a ...
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German export hopes recover somewhat in May after 'catastrophic' April BERLIN (Reuters) - The mood among German exporters recovered somewhat in May after a "catastrophic" April, the first full month of coronavirus lockdown measures in Europe's largest economy, the Ifo institute said on Tuesday. "Virtually every sector still ...
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