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Equities inch higher, bonds dip, on hopes for recovery

Reuters Business News - Tue, 05/12/2020 - 08:58
World equity markets inched higher and safe-haven bonds fell on Tuesday as stronger economic data from China and upbeat corporate earnings in Europe overshadowed concerns about a potential second wave of coronavirus infections.
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German watchdog investigates payments company Wirecard

Reuters Business News - Tue, 05/12/2020 - 08:50
Germany's financial watchdog BaFin said on Tuesday it was conducting multiple investigations into Wirecard , sending its shares lower and adding to pressure over allegations it has denied.
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Wall Street opens higher on hopes of economic recovery

Reuters Business News - Tue, 05/12/2020 - 08:34
U.S. stocks opened higher on Tuesday on hopes that the easing of virus-led business shutdowns would help jump-start a battered global economy, with investors also weighing the risks of reopening too soon.
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Thyssenkrupp in informal talks about warship unit consolidation

Reuters Business News - Tue, 05/12/2020 - 08:29
Thyssenkrupp is in informal talks about consolidation in the shipbuilding sector, its finance chief said on Tuesday, responding to speculation that the group might sell parts of its Marine Systems (TKMS) unit or merge it with rivals German Naval Yards and Luerssen.
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Embraer blames failed Boeing deal for sharp drop in commercial jet deliveries

Reuters Business News - Tue, 05/12/2020 - 08:27
Planemaker Embraer said Tuesday that its commercial jet deliveries slumped by more than half during the first three months of 2020 compared to a year ago, blaming the drop on preparations for its failed deal with Boeing Co .
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U.S. consumer prices post biggest decrease since 2008

Reuters Business News - Tue, 05/12/2020 - 08:12
U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline and services including airline travel as people stayed home during the coronavirus crisis.
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Stocks rally grinds on as virus and trade nerves linger

Reuters Business News - Tue, 05/12/2020 - 08:05
Europe's share markets, bond yields and the euro all inched higher on Tuesday, as mildly reassuring signals from China's economy kept worries about a potential second wave of coronavirus infections at bay.
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Morgan Stanley settles SEC charges it misled clients, to pay $5 mln penalty

Reuters Business News - Tue, 05/12/2020 - 08:03
A unit of Morgan Stanley will pay a $5 million penalty to settle U.S. Securities and Exchange Commission charges it provided misleading information to clients in its retail wrap fee programs regarding trade execution services and transaction costs, the regulator said on Tuesday.
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Futures edge higher on hopes of economic recovery

Reuters Business News - Tue, 05/12/2020 - 07:55
U.S. stock index futures ticked higher on Tuesday on hopes that the easing of virus-led business shutdowns would help jump-start a battered global economy, with investors also weighing the risks of reopening too soon.
Categories: Reuters

EasyJet founder offers $6 million reward for help in cancelling Airbus order

Reuters Business News - Tue, 05/12/2020 - 07:09
EasyJet founder Stelios Haji-Ioannou is offering 5 million pounds ($6.2 million) for any information that leads to the cancellation of its order for 107 Airbus jets as he steps up his campaign to oust the budget airline's management.
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Brussels Airlines slashes jobs, fleet as COVID-19 bites

Reuters Business News - Tue, 05/12/2020 - 06:52
Brussels Airlines, part of Germany's Lufthansa , said on Tuesday it would reduce its fleet by 30% and its workforce by a quarter to guarantee its survival during and after the COVID-19 pandemic.
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German watchdog conducts multiple investigations into Wirecard

Reuters Business News - Tue, 05/12/2020 - 06:39
Germany's financial watchdog BaFin said on Tuesday that it was conducting multiple investigations into payments company Wirecard .
Categories: Reuters

U.S. Congress to quiz bank regulators on coronavirus rule-easing, assistance

Reuters Business News - Tue, 05/12/2020 - 06:33
Lawmakers will quiz U.S. regulators this week on their efforts to help struggling consumers, oversight of massive federal bailout packages and regulatory easing when they appear before Congress this week for the first time since the novel coronavirus outbreak.
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Ryanair to resume 40% of July flights with new rules for passengers

Reuters Business News - Tue, 05/12/2020 - 06:13
Ryanair on Tuesday confirmed it will return to 40% of its planned flight schedule from July 1 and will require passengers to wear face coverings and to ask crew permission to use the toilet.
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Futures edge higher on recovery hopes, China tariff exemptions

Reuters Business News - Tue, 05/12/2020 - 06:12
U.S. stock index futures ticked higher on Tuesday as China's move to waive off tariffs on some U.S imports added to hopes that the easing of virus-led business shutdowns would help jump-start a battered global economy.
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China's Tesla wannabes risk running out of road in virus-stricken times

Reuters Business News - Tue, 05/12/2020 - 06:08
Challenged by the arrival of Tesla in China last year, domestic electric vehicle (EV) start-ups were struggling even before the economic shock wrought by the coronavirus, but now for some it has become a battle for survival.
Categories: Reuters

AIG approaches shareholder pay vote with cautious approval from proxy firms

Reuters Business News - Tue, 05/12/2020 - 06:06
American International Group Inc faces a crucial test on Wednesday, when shareholders are to vote on whether the board of directors has adequately addressed their concerns about executive pay.
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Ryanair cools on Airbus, moves back towards all-Boeing fleet

Reuters Business News - Tue, 05/12/2020 - 05:52
Ryanair plans to move back towards an all-Boeing fleet by cancelling leases for Airbus A320s for its Lauda subsidiary and likely replacing 30 Airbus jets at the Austrian airline with Boeing 737s, Chief Executive Michael O'Leary told Reuters.
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Thyssenkrupp faces deep quarterly loss due to coronavirus, shares tank

Reuters Business News - Tue, 05/12/2020 - 05:09
German conglomerate Thyssenkrupp warned on Tuesday that its operating loss could swell to 1 billion euros ($1.1 billion) in the April to June quarter due to the coronavirus crisis.
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Stocks rally falters as virus and trade nerves linger

Reuters Business News - Tue, 05/12/2020 - 04:41
Europe's share markets, bond yields and the euro all inched higher on Tuesday, as mildly reassuring signals from China's economy helped limit worries about a potential second wave of coronavirus infections.
Categories: Reuters
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