Feed aggregator

Men accused of helping ex-Nissan boss flee Japan challenge U.S. extradition case

Reuters Business News - Mon, 06/08/2020 - 21:52
Lawyers for the former Green Beret and son wanted by Japan for helping former Nissan Motor Co boss Carlos Ghosn flee the country on Monday argued U.S. authorities wrongly arrested them for aiding a crime that they say does not exist in Japan: bail jumping.
Categories: Reuters

China's troubled Baoshang rescue exposes fault lines in bank reform drive

Reuters Business News - Mon, 06/08/2020 - 21:26
In May 2019, China's central bank announced a shock takeover of a lender, its first such move in 20 years, citing "serious credit risks". Creditors in small Baoshang Bank were to take a hit, assets would be sold and an example set for governance.
Categories: Reuters

TSMC says planned U.S. factory in line with company's interests

Reuters Business News - Mon, 06/08/2020 - 21:18
Taiwan Semiconductor Manufacturing Co Ltd's planned factory in the United States is "definitely in line with" the company's interests, Chairman Mark Liu told investors on Tuesday.
Categories: Reuters

Oil prices rise on optimism easing of lockdowns to spur fuel demand

Reuters Business News - Mon, 06/08/2020 - 20:45
Oil prices climbed on Tuesday, paring losses from the previous session, as markets broadly rose on growing confidence in a global recovery with pandemic lockdowns easing.
Categories: Reuters

Cathay Pacific, major shareholders Swire and Air China halt trading in Hong Kong

Reuters Business News - Mon, 06/08/2020 - 20:30
Cathay Pacific Airways Ltd and its major shareholders Swire Pacific Ltd and Air China Ltd halted trading in their shares in Hong Kong on Tuesday pending announcements.
Categories: Reuters

Cathay Pacific and major shareholders Swire and Air China halt trading

Reuters Business News - Mon, 06/08/2020 - 19:50
Hong Kong's Cathay Pacific Airways Ltd and its major shareholders Swire Pacific Ltd and Air China Ltd entered share trading halts in Hong Kong on Tuesday pending announcements.
Categories: Reuters

Asia stocks set to gain after recovery hopes push Wall Street higher

Reuters Business News - Mon, 06/08/2020 - 19:35
Asian stocks were set to climb on Tuesday as confidence in an economic recovery pushed the Nasdaq benchmark to a record high, although doubts about crude supply cuts were likely to keep oil prices under pressure.
Categories: Reuters

Nasdaq ends at record, confirms bull market on economic recovery hopes

Reuters Business News - Mon, 06/08/2020 - 16:42
The Nasdaq posted a record closing high on Monday, becoming the first of the major indexes to confirm a new bull market, while the S&P 500 ended in positive territory for the year as expectations for a swift recovery from a coronavirus-driven downturn increased.
Categories: Reuters

Macy's raises $4.5 billion to shore up funds as stores reopen, shares surge

Reuters Business News - Mon, 06/08/2020 - 16:22
Macy's Inc said on Monday it raised a total of $4.5 billion, including $3.15 billion in new borrowings against its real estate assets, as the department store chain tries to navigate through the fallout from the COVID-19 pandemic.
Categories: Reuters

Macy's raises $4.5 billion through asset-based credit, bonds

Reuters Business News - Mon, 06/08/2020 - 16:06
Macy's Inc said on Monday it raised a total of $4.5 billion, including $3.15 billion in asset-based credit, as the department store chain tries to navigate through the fallout from the COVID-19 pandemic.
Categories: Reuters

GE reopens parts of prior debt offerings to raise $3 billion

Reuters Business News - Mon, 06/08/2020 - 15:57
General Electric Co said on Monday it reopened portions of its prior debt offerings for $3 billion in total proceeds to boost its cash reserves amid the coronavirus crisis.
Categories: Reuters

Stocks rally on quick economic revival hopes, oil slides

Reuters Business News - Mon, 06/08/2020 - 15:54
Global equity markets surged on Monday, with the Nasdaq hitting a record high on hopes of a quick recovery from the coronavirus slump, while oil slid after Saudi Arabia said new output cuts by producer nations would not include extra cuts by three Gulf countries.
Categories: Reuters

Nasdaq hits record close, confirms bull market on economic recovery hopes

Reuters Business News - Mon, 06/08/2020 - 15:36
The Nasdaq hit a record high close on Monday, becoming the first of the major indexes to confirm a new bull market, and the Dow and S&P 500 jumped as expectations for a swift recovery from a coronavirus-driven downturn increased.
Categories: Reuters

It's official: U.S. economy entered recession in February

Reuters Business News - Mon, 06/08/2020 - 15:29
The U.S. economy ended its longest expansion in history in February and entered recession as a result of the coronavirus pandemic, the private economics research group that acts as the arbiter for determining U.S. business cycles said on Monday.
Categories: Reuters

Nasdaq hits record high as U.S. recession becomes official

Reuters Business News - Mon, 06/08/2020 - 15:27
On the same day that the Nasdaq marked a new bull market, the U.S. economy was officially declared to be in a recession. The two milestones on Monday illustrate how an 11-week surge in stocks has occurred despite widespread economic devastation fueled by the coronavirus pandemic.
Categories: Reuters

Nasdaq rises to record again on economic recovery hopes

Reuters Business News - Mon, 06/08/2020 - 14:47
U.S. stocks rose on Monday with the Nasdaq hitting a new intraday high after a surprisingly upbeat jobs report last week raised expectations of a swift recovery from a coronavirus-driven downturn.
Categories: Reuters

JetBlue to fly about 50% of July schedule, more in August: CNBC interview

Reuters Business News - Mon, 06/08/2020 - 14:41
JetBlue Airways Corp expects to fly about half of its original schedule in July, up from about 25% to 30% in June, and a bit more in August as leisure demand begins to recover, Chief Executive Robin Hayes told CNBC in an interview on Monday.
Categories: Reuters

Stocks gain on quick economic revival hopes, oil slides

Reuters Business News - Mon, 06/08/2020 - 14:36
A gauge of global equity markets rose on Monday on hopes of a fast recovery from the coronavirus economic slump while oil slid after Saudi Arabia said an extension of output cuts by producer nations would not include extra cuts by three Gulf countries.
Categories: Reuters

PG&E plans $5.75 billion equity raise to fund bankruptcy exit

Reuters Business News - Mon, 06/08/2020 - 13:32
California-based power provider PG&E Corp said on Monday it plans to raise $5.75 billion from public offerings as it tries to emerge from Chapter 11 bankruptcy by the end of this month.
Categories: Reuters

Ryanair's O'Leary says UK quarantine will be quashed or dropped

Reuters Business News - Mon, 06/08/2020 - 13:06
Ryanair boss Michael O'Leary said he believed Britain's coronavirus quarantine will be struck down by the courts or dropped within weeks as some of Europe's biggest airlines prepare to file a legal challenge by the end of Tuesday.
Categories: Reuters
Syndicate content