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How grab-and-go food chains are adjusting to coronavirus reality

Reuters Business News - Tue, 06/02/2020 - 06:37
Restaurants devoted mainly to quick bites and drinks are reconfiguring their businesses to limit traffic in tight quarters and maintain coronavirus social distancing.
Categories: Reuters

Sell, stow or dump? Retailers wrestle with mountain of unsold stock

Reuters Business News - Tue, 06/02/2020 - 06:00
Forget fast or slow fashion, now it's ground to a halt.
Categories: Reuters

Stock futures hit three-month high on prospects of economic recovery

Reuters Business News - Tue, 06/02/2020 - 05:51
U.S. stock index futures hit a three-month high on Tuesday as hopes of a rebound from a coronavirus-led economic slump prevailed over fears of disruption from widespread protests over race in the country.
Categories: Reuters

Exclusive: Winning bidder for Grindr has ties to Chinese owner

Reuters Business News - Tue, 06/02/2020 - 05:29
An investor group that got U.S. approval to buy Grindr Inc has financial and personal links to the dating app's current owner, China's Beijing Kunlun Tech Co Ltd , Reuters has found, in a possible departure from Washington’s national security policy on deals.
Categories: Reuters

George Floyd protests recall earlier tensions, promises of economic change

Reuters Business News - Tue, 06/02/2020 - 05:22
In November 2015, the shooting death of Jamar Clark by Minneapolis police touched off a debate on race and economic inequality that challenged the city's progressive image and led local corporate leaders to back efforts at better sharing the spoils of a booming Midwestern state.
Categories: Reuters

EU to rule on AMS's 4.6 billion euro bid for Osram by July 6

Reuters Business News - Tue, 06/02/2020 - 05:08
EU antitrust regulators will decide by July 6 whether to clear Austrian sensor maker AMS's 4.6 billion euro ($5.14 billion) bid for German lighting group Osram after a preliminary review, a European Commission filing showed on Monday.
Categories: Reuters

Qatar Petroleum's $19 billion LNG vessel order boon for South Korean shipbuilders

Reuters Business News - Tue, 06/02/2020 - 04:18
South Korea's ailing shipbuilders have been thrown a lifeline in an increasingly tough market with a $19 billion order from Qatar Petroleum (QP) for liquefied natural gas (LNG) ships, analysts said on Tuesday.
Categories: Reuters

China auto sales growth seen for second straight month, boosting recovery hopes

Reuters Business News - Tue, 06/02/2020 - 04:15
China's vehicle sales are estimated to rise 11.7% on year in May, its top auto industry body said on Tuesday, cementing hopes of a recovery in the world's biggest auto market with the first back to back monthly sales increase in about two years.
Categories: Reuters

Shares cruise to three-month highs, dollar shows the strain

Reuters Business News - Tue, 06/02/2020 - 04:07
World stocks climbed towards three-month highs on Tuesday as the global coronavirus recovery effort won out over U.S.-China tensions and the worst civil unrest in the United States in decades.
Categories: Reuters

Oil prices rise before OPEC+ meeting about extending output cuts

Reuters Business News - Tue, 06/02/2020 - 04:04
Oil prices rose on Tuesday on expectations that major producers would agree to extend output cuts that have shored up prices, during a video conference likely to be held this week.
Categories: Reuters

Embraer seeks business partners but not a repeat of the Boeing deal

Reuters Business News - Tue, 06/02/2020 - 04:02
The world's No. 3 planemaker Embraer is open to new business partners after Boeing Co ditched a $4.2 billion deal that was years in the making, the Brazilian company's chief executive told Reuters.
Categories: Reuters

Australia's Woolworths to reward over 100,000 staff with shares for virus efforts

Reuters Business News - Tue, 06/02/2020 - 03:43
Australia's biggest supermarket chain Woolworths Group said on Tuesday it will reward more than 100,000 of its staff with free company shares for their efforts during a period of upheaval amid bushfires and the coronavirus buying frenzy.
Categories: Reuters

Qatar Petroleum's $19 bln LNG vessel order boon for S.Korean shipbuilders

Reuters Business News - Tue, 06/02/2020 - 02:53
South Korea's ailing shipbuilders have been thrown a lifeline in an increasingly tough market with a $19 billion order from Qatar Petroleum (QP) for liquefied natural gas (LNG) ships, analysts said on Tuesday.
Categories: Reuters

Oil prices rise ahead of OPEC+ meeting on extended output cuts

Reuters Business News - Tue, 06/02/2020 - 01:38
Oil prices rose on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a virtual meeting expected later this week.
Categories: Reuters

Stocks make cautious gains as U.S.-China frictions slow recovery rally

Reuters Business News - Tue, 06/02/2020 - 01:37
Asian stocks rose on Tuesday as investors' focus on the prospects of a global coronavirus recovery won out over familiar worries about U.S.-China relations and the depth of economic damage.
Categories: Reuters

Virgin Australia administrator picks Bain, Cyrus as final bidders

Reuters Business News - Tue, 06/02/2020 - 01:32
Virgin Australia Holdings Ltd's administrator said on Tuesday it had selected Bain Capital and Cyrus Capital Partners as the final bidders for the country's second-biggest airline.
Categories: Reuters

French Finance Minister: Renault loan not signed yet, but should be soon

Reuters Business News - Tue, 06/02/2020 - 01:09
French Finance Minister Bruno Le Maire said on Tuesday the government had not yet signed off on a planned 5 billion euro ($5.6 billion) loan for carmaker Renault , though he hoped the loan would be agreed soon.
Categories: Reuters

Plunging cost of wind and solar marks turning point in energy transition: IRENA

Reuters Business News - Tue, 06/02/2020 - 00:10
Plunging costs of renewables mark a turning point in a global transition to low-carbon energy, with new solar or wind farms increasingly cheaper to build than running existing coal plants, according to a report published on Tuesday.
Categories: Reuters

Natgas flows to U.S. LNG export plants sink to 9-month low due to coronavirus

Reuters Business News - Tue, 06/02/2020 - 00:09
The amount of natural gas flowing on pipelines to U.S. liquefied natural gas export plants is at its lowest levels since August, a signal of weak worldwide demand due to government lockdowns to repress the coronavirus.
Categories: Reuters

Volkswagen closes $2.6 billion investment in self-driving startup Argo AI

Reuters Business News - Mon, 06/01/2020 - 23:04
German automaker Volkswagen AG has closed its $2.6 billion investment in Argo AI, the Pittsburgh-based self-driving startup disclosed in a blog post on Tuesday.
Categories: Reuters
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