Business News

S&P 500, Dow dip at open on virus fears, U.S.-China tensions

S&P 500, Dow dip at open on virus fears, U.S.-China tensions

Published 30/06/2020

(Reuters) - The S&P 500 and Dow Jones indexes opened lower on Tuesday as coronavirus-related worries and simmering U.S.-China tensions weighed on sentiment at the [more…]

Canada GDP likely to rise 3% in May on gradual reopening

Canada GDP likely to rise 3% in May on gradual reopening

Published 30/06/2020

OTTAWA (Reuters) - Canada’s real GDP is likely to grow 3% in May, bouncing back from a record decline in April, Statistics Canada said in [more…]

Wall Street faces danger signs after best quarter since ’98

Wall Street faces danger signs after best quarter since ’98

Published 30/06/2020

(Reuters) - A stock rebound marked by Wall Street’s strongest quarter in more than two decades has slowed in recent weeks, as a resurgence in [more…]

Greece’s NBG hires Morgan Stanley to advise on six billion euro bad debt sale

Greece’s NBG hires Morgan Stanley to advise on six billion euro bad debt sale

Published 30/06/2020

ATHENS (Reuters) - Greece’s National Bank (NBG) has hired Morgan Stanley as an adviser ahead of a planned sale of more than 6.0 billion euros [more…]

Saudi central bank governor calls for more lending from commercial banks

Saudi central bank governor calls for more lending from commercial banks

Published 30/06/2020

DUBAI (Reuters) - Saudi Arabia’s central bank governor said it was encouraging commercial banks to lend more to sustain businesses during the coronavirus crisis. Saudi [more…]

Hong Kong May retail sales tumble as spending, tourism evaporate

Hong Kong May retail sales tumble as spending, tourism evaporate

Published 30/06/2020

HONG KONG (Reuters) - Hong Kong’s retail sales in May slumped 32.8% from a year earlier, falling for the 16th consecutive month as the virus [more…]

Fed’s offered flood of credit so far just a trickle in practice

Fed’s offered flood of credit so far just a trickle in practice

Published 30/06/2020

(Reuters) - The Federal Reserve’s promise in the early days of the coronavirus pandemic to flood the U.S. economy with trillions of dollars seemed like [more…]

French group Sogeclair Aerospace eyeing up to 245 job cuts in France

French group Sogeclair Aerospace eyeing up to 245 job cuts in France

Published 30/06/2020

TOULOUSE, France (Reuters) - French company Sogeclair Aerospace (SCLR.PA) said on Tuesday that it was eyeing up to 245 job cuts in France, as the [more…]

EasyJet says Haji-Ioannou family holding drops below 30%

EasyJet says Haji-Ioannou family holding drops below 30%

Published 30/06/2020

LONDON (Reuters) - British low-cost airline easyJet (EZJ.L) said in a regulatory filing on Tuesday that the Haji-Ioannou family now hold under 30% of the [more…]

Air France aims to cut more than 7,500 jobs between now and 2022: BFM TV/AFP

Air France aims to cut more than 7,500 jobs between now and 2022: BFM TV/AFP

Published 30/06/2020

PARIS (Reuters) - Air France (AIRF.PA) wants to cut more than 7,500 job positions between now and 2022, reported BFM TV and Agence France Presse [more…]