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Updated: 4 years 29 weeks ago
Tech selloff weighs on S&P 500, Nasdaq
A selloff in technology stocks dragged on the S&P 500 and Nasdaq on Wednesday, with investors also cautious about brewing U.S.-China tensions at a time when policymakers are attempting to revive the global economy from a coronavirus-driven slump.
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Renault and Nissan rule out merger as they unveil survival plan
Renault , Nissan Motor Co and Mitsubishi Motors Corp ruled out a merger on Wednesday and doubled down on a plan to cooperate more closely on car production to save costs and salvage their troubled alliance.
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Goldman Sachs on target to meet medium,long-term growth goals: executive
Goldman Sachs Group Inc President and Chief Operating Officer John Waldron said Wednesday that the bank remains on track to achieve its medium and long term growth targets despite the economic shocks caused by the novel coronavirus.
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Lufthansa supervisory board postpones approval of bailout package
Lufthansa's supervisory board postponed approval of a 9 billion euro ($9.90 billion) bailout in light of conditions imposed by the European Union, the German airline group said on Wednesday.
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Germany's Altmaier: Lufthansa bailout is in Europe's own interests
German Economy Minister Peter Altmaier said on Wednesday he expected the European Commission to approve a 9-billion euro bailout of flagship carrier Lufthansa, adding that it was also in Europe's interests to avoid a sell-off of such companies.
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Huawei CFO Meng's U.S. extradition case hinges on key ruling in Canada on Wednesday
A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou's extradition to the United States, with a favourable judgment seen as paving the way for the release of the Chinese executive after 18 months of house arrest.
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Oil falls on U.S.-China tensions over Hong Kong
Oil prices fell on Wednesday after U.S. President Donald Trump said he was working on a strong response to China's proposed security law in Hong Kong.
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Wall Street opens higher on recovery optimism
U.S. stock indexes gained at the open on Wednesday as a pickup in business activity fueled hopes of a post-pandemic economic recovery, while investors remained cautious about brewing U.S.-China tensions.
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Wall Street set for higher open as recovery hopes outweigh Sino-U.S.tensions
Wall Street's major indexes were set for another session of gains on Wednesday as a revival in business activity drove hopes of an economic recovery, eclipsing concerns over simmering tensions between the United States and China.
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Factbox: Renault and Nissan's plan to rebuild their alliance
The automaking alliance of Renault SA , Nissan Motor Co and Mitsubishi Motors Corp outlined a new strategy on Wednesday whereby the strongest partner takes the lead in areas such as new technologies and parts procurement.
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Ralph Lauren posts bigger-than-expected loss as lockdowns hammer sales
Ralph Lauren Corp posted a bigger-than-expected quarterly loss on Wednesday as stores across the world that sell its jackets, coats and Polo shirts were forced to close due to the COVID-19 pandemic.
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Futures climb as economic recovery hopes outweigh Sino-U.S. tensions
U.S. stock index futures advanced on Wednesday as hopes of an economic recovery eclipsed worries over simmering tensions between the United States and China.
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Americas will be hardest hit by COVID-19 job losses :ILO
The Americas will bear the brunt of an estimated 305 million job losses that the COVID-19 pandemic will cause worldwide between April and June, the International Labour Organization (ILO) said on Wednesday.
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Ryanair's holiday bookings surge, sees UK dropping quarantine
Ryanair expects Britain to join other European nations in dropping COVID-19 quarantine plans in the coming weeks, its CEO told Reuters on Wednesday, as he reported a "big surge" in holiday bookings from the country.
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Trump threatens to regulate or shut down social media companies
U.S. President Donald Trump on Wednesday threatened to regulate or shut down social media companies, one day after Twitter Inc for the first time added a warning to some of his tweets prompting readers to fact check the president's claims.
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LATAM becomes largest airline driven to bankruptcy by coronavirus
LATAM Airlines Group , the continent's largest carrier, filed for U.S. bankruptcy protection on Tuesday, becoming the world's largest carrier so far to seek an emergency reorganization due to the coronavirus pandemic.
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Timeline: From boom to bottom: Renault and Nissan bet on deeper cooperation
Renault SA , Nissan Motor Co and Mitsubishi Motors have no plans to merge and will instead focus on a new production sharing plan to cut costs and improve efficiency, Chairman Jean-Dominique Senard said on Wednesday.
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Renault-Nissan announce plan to deepen cooperation to ensure group's survival
Renault SA, Nissan Motor Co and Mitsubishi Motors Corp on Wednesday announced details of a new strategy plan pledging to deepen cooperation in developing and producing cars to survive as an automaking group.
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Euro rallies on EU recovery fund proposals, yuan falls
The euro headed towards a two-month high on Wednesday after the European Commission proposed a coronavirus economic recovery package worth in total 1.85 trillion euros ($2.04 trillion).
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Stocks, euro rise on massive EU stimulus plan
World shares surged on Wednesday as reports of a European Union rescue fund helped offset concerns about unrest in Hong Kong over Beijing's proposed national security laws.
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