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After the triumph of Animal Crossing, a thin pipeline for Nintendo

Reuters Business News - Sun, 05/10/2020 - 21:56
The runaway success of Nintendo Co Ltd's island life simulator Animal Crossing: New Horizons has overshadowed an uncomfortable fact for fans of the Switch console - it lacks upcoming titles.
Categories: Reuters

Nintendo smashes Switch sales view; says Animal Crossing is device's fastest-selling game

Reuters Business News - Sun, 05/10/2020 - 21:56
Japan's Nintendo Co Ltd said on Thursday its fourth-quarter profit soared 200% due to surging demand for its Switch games console, and that title Animal Crossing: New Horizons shifted a record 13.4 million units in its first six weeks.
Categories: Reuters

Asian shares inch higher, new wave of infections a worry

Reuters Business News - Sun, 05/10/2020 - 20:35
Asian shares followed Wall Street higher on Monday as investors looked ahead to more countries restarting their economies, even as some reported an unwelcome pick up in new coronavirus cases.
Categories: Reuters

Debt-stricken Chesapeake Energy to advance incentive executive pay

Reuters Business News - Sun, 05/10/2020 - 20:22
Chesapeake Energy Corp said it would prepay a total of $25 million in incentive compensation to 21 top executives to ensure they are motivated, even as it prepares to file for bankruptcy protection to tackle its nearly $9 billion debt pile.
Categories: Reuters

Oil prices fall 1% as glut weighs

Reuters Business News - Sun, 05/10/2020 - 19:11
Oil prices opened about 1% lower on Sunday as a persistent glut continued to weigh on prices and the coronavirus pandemic eroded global oil demand even as some governments began to ease lockdowns.
Categories: Reuters

White House considers more coronavirus aid as jobs picture worsens

Reuters Business News - Sun, 05/10/2020 - 18:57
The White House has begun informal talks with Republicans and Democrats in Congress about what to include in another round of coronavirus relief legislation, officials said on Sunday, while predicting further U.S. jobs losses in the coming months.
Categories: Reuters

French, Dutch join forces to urge EU to show teeth on trade

Reuters Business News - Sun, 05/10/2020 - 16:52
France and the Netherlands have joined forces to urge the European Union to enforce environmental and labour standards more forcefully with countries the bloc signs trade deals with, according to a document seen by Reuters.
Categories: Reuters

U.S. unemployment rate will get worse, Treasury's Mnuchin says

Reuters Business News - Sun, 05/10/2020 - 15:13
The staggering U.S. unemployment rate reported by the government on Friday amid coronavirus lockdowns may get even worse, Treasury Secretary Steven Mnuchin said on Sunday.
Categories: Reuters

White House considers more coronavirus stimulus, with conditions: officials

Reuters Business News - Sun, 05/10/2020 - 15:02
The White House has started informal talks with Republicans and Democrats in Congress about next steps on coronavirus relief legislation, officials said on Sunday, but they stressed any new federal money would come with conditions.
Categories: Reuters

Major U.S. airlines endorse temperature checks for passengers

Reuters Business News - Sun, 05/10/2020 - 14:45
A major U.S. airline trade group on Saturday said it backed the U.S. Transportation Security Administration (TSA) checking the temperatures of passengers and customer-facing employees during the coronavirus pandemic.
Categories: Reuters

EU could open legal case against Germany over ECB bond-purchases ruling: Commission

Reuters Business News - Sun, 05/10/2020 - 13:31
The European Commission could open a legal case against Germany over a ruling by the country's constitutional court that the European Central Bank had overstepped its mandate with bond purchases, the EU executive arm said on Sunday.
Categories: Reuters

Germany's Altmaier opposes active state role at Lufthansa

Reuters Business News - Sun, 05/10/2020 - 13:24
Germany is working on a "concrete model" to aid Lufthansa, Economy Minister Peter Altmaier said on Sunday, amid a political row over whether the state should take a strategic shareholding and play an active role in the stricken airline.
Categories: Reuters

EU could open legal case again Germany over ECB bond-purchases ruling: Commission

Reuters Business News - Sun, 05/10/2020 - 12:03
The European Commission could open a legal case against Germany over a ruling by the country's constitutional court that the European Central Bank had overstepped its mandate with bond purchases, the EU executive arm said on Sunday.
Categories: Reuters

Emirates to raise debt as it braces for most difficult months ever

Reuters Business News - Sun, 05/10/2020 - 10:12
Emirates, one of the world's biggest long-haul airlines, said on Sunday it will raise debt to help it through the coronavirus pandemic and may have to take tougher measures as it faces the most difficult months in its history.
Categories: Reuters

Thyssenkrupp overhaul must happen faster due to COVID-19: CEO

Reuters Business News - Sun, 05/10/2020 - 07:50
Thyssenkrupp has less time for a wide-ranging restructuring plan than previously thought as the coronavirus pandemic is significantly burdening the already ailing conglomerate, its chief executive said in a note to staff.
Categories: Reuters

Exclusive: Saudi Aramco seeking to review price of SABIC deal - sources

Reuters Business News - Sun, 05/10/2020 - 07:45
Saudi Aramco is looking to restructure its deal to acquire a controlling stake in petrochemicals maker SABIC after a more than 40% drop in SABIC's value following a slump in oil prices in coronavirus pandemic, two sources told Reuters.
Categories: Reuters

Washington in talks with chipmakers about building U.S. factories: WSJ

Reuters Business News - Sun, 05/10/2020 - 07:07
U.S. President Donald Trump's administration is in talks with semiconductor companies about building chip factories in the United States, the Wall Street Journal reported on Sunday.
Categories: Reuters

Emirates to raise debt as it doesn't see travel recovering for at least 18 months

Reuters Business News - Sun, 05/10/2020 - 04:39
Emirates, one of the world's biggest long-haul airlines, will raise debt to help it through the coronavirus pandemic that has shattered global travel demand, warning that a recovery in travel demand was at least 18 months away.
Categories: Reuters

China central bank signals more policy measures to support virus-ravaged economy

Reuters Business News - Sun, 05/10/2020 - 04:17
China's central bank said on Sunday it will step up counter-cyclical adjustments to support the economy and make monetary policy more flexible to fend off financial risks.
Categories: Reuters

Amid lockdown dispute, Musk says he will move Tesla out of California

Reuters Business News - Sat, 05/09/2020 - 19:16
Tesla Inc's chief executive Elon Musk tweeted on Saturday that Tesla will move its headquarters and future programs to Texas or Nevada from California immediately.
Categories: Reuters
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