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Updated: 3 years 47 weeks ago
Citi names veteran Rizvi as APAC corporate banking head: memo
Citigroup Inc has named veteran banker Kaleem Rizvi as its Asia Pacific head of the corporate banking business, according to an internal memo reviewed by Reuters on Monday.
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GM Korea to cut output of key SUV as virus hits U.S. exports: document
General Motors Co's South Korean unit plans to sharply cut output this month at a factory producing its new Trailblazer sport-utility vehicle (SUV), as the coronavirus outbreak weighs on its U.S. exports and also disrupts parts supplies.
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India's Reliance says Silver Lake to invest nearly $750 million in its digital arm
Reliance Industries Ltd said on Monday private equity firm Silver Lake will invest 56.56 billion rupees ($746.74 million) in its digital arm, giving it a valuation of 4.90 trillion rupees.
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Dollar edges up, Asian stocks slip as U.S.-China tensions flare
The dollar inched higher, stock markets struggled for traction and oil fell on Monday as a U.S.-China spat over the origin of the coronavirus put the brakes on optimism about an economic re-start as countries around the world ease restrictions.
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Dollar firm but stocks, oil under pressure as U.S.-China tensions rise
The dollar rose, oil fell and stock markets were poised to slip on Monday as rising U.S.-China tensions over the coronavirus - and growing unease at the gulf between asset prices and grim economic reality - turned investors cautious.
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Oil prices lower on U.S.-China trade tension
Oil prices fell in early trade on Monday, paring last week's gains, on worries the global oil glut may persist as U.S.-China trade tension could hold back an economic recovery even as coronavirus pandemic lockdowns start to ease.
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Oil prices open down on persistent oversupply worries
U.S. crude futures fell more than 5% in early trade on Monday, paring last week's gains, on worries about oil oversupply and tempered hopes for an economic recovery as some U.S. states and cities around the world ease coronavirus pandemic restrictions.
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U.S. airlines now requiring masks, promise more safety measures
With the largest U.S. airlines now set to mandate - and provide - facial coverings for all passengers over the next two weeks, many are turning their focus to other measures to prevent the spread of the new coronavirus during air travel.
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White House adviser will not rule out more money for states, small businesses
White House economic adviser Larry Kudlow said on Sunday he would not rule out anything in a new relief bill to ease the "tremendous hardships" of the coronavirus outbreak, including more money for state and local governments and small businesses.
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U.S. aviation sector cuts more jobs amid travel meltdown
The ongoing U.S. travel crisis is causing thousands of job cuts as the aviation sector waits for passengers to return to the skies but braces for years of lower demand because of the coronavirus pandemic.
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Iceland could mull taking stake in Icelandair if state injects funds: PM
Iceland may consider taking a stake in Icelandair Group if the government injects funds into the airline, Bloomberg reported, citing comments by Prime Minister Katrin Jakobsdottir to a local radio station.
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White House adviser won't rule out more money for states, small businesses
White House economic adviser Larry Kudlow said on Sunday he would not rule out anything in a new relief bill to ease the "tremendous hardships" of the coronavirus outbreak, including more money for state and local governments and small businesses.
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U.S. processes over $500 billion in small business loans to stem coronavirus fallout
The United States has made over $500 billion in loans to small businesses hit hard by the coronavirus pandemic, and about $145 billion remains in the congressionally approved fund, the U.S. Small Business Administration and Treasury Department said Sunday.
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GM and SAIC's China sales rebound in April as market recovers
General Motors' sales in China saw double-digit year-on-year growth in April, its two local ventures said on Sunday, as the world's biggest auto market recovers from the coronavirus.
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Roche wins U.S. nod for COVID-19 antibody test, aims to boost output
Roche has won emergency approval from the U.S. Food and Drug Administration (FDA) for an antibody test to determine whether people have ever been infected with the coronavirus, the Swiss drugmaker said on Sunday.
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Lufthansa board hopeful of securing government bailout soon
Lufthansa is hopeful its bailout talks with the German government can be concluded soon, the airline's board told staff in a letter seen by Reuters, adding that it is also considering alternatives such as creditor protection.
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Pipe-laying vessel reaches Baltic as Russia's Nord Stream 2 target looms
A special pipe-laying vessel that could be used by Russia to complete construction of the Nord Stream 2 gas pipeline to Germany has arrived in the Baltic Sea, a Reuters witness said on Sunday.
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Dutch McDonald's trials social-distancing restaurant
Big Macs delivered on meal trolleys, hand sanitizers at the entrance and designated waiting spots to separate customers could become a feature of McDonald's restaurants in the Netherlands when they are allowed to reopen.
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Thyssenkrupp sees coronavirus cash squeeze despite elevator sale: letter
Germany's Thyssenkrupp expects the coronavirus crisis to cause a new financial squeeze, scuppering hopes that selling its elevator business would deliver a swift cash respite for the embattled firm, its management board told staff in a letter.
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Intel in talks to buy Israel's Moovit public transit app for $1 billion: media
Chipmaker Intel Corp is in advanced talks to acquire Israeli public transit app developer Moovit for $1 billion, financial news website Calcalist reported on Sunday.
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