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Coronavirus widens the cracks in Egypt's cement industry

Reuters Business News - Mon, 06/08/2020 - 01:14
The coronavirus is putting Egypt's private cement industry under even more pressure.
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Gulf mall operators rein in expansion as retailers reel from COVID-19

Reuters Business News - Mon, 06/08/2020 - 01:09
Mall operators in the Gulf region are delaying new mega-projects as the coronavirus pandemic and low oil prices upend a retail industry built around huge centres catering to tourists and wealthy locals.
Categories: Reuters

Europe's Detroit? Pandemic bursts Toulouse aerospace bubble

Reuters Business News - Mon, 06/08/2020 - 01:06
Barely three months ago, Serge Dumas had one problem: how to keep up with record demand for the metal fasteners and bolts his small aerospace supply firm manufactures just north of Toulouse.
Categories: Reuters

Japan's service sector sentiment rises 7.6 points in May

Reuters Business News - Mon, 06/08/2020 - 00:21
Japan's service sector sentiment index rose in May, a Cabinet Office survey showed on Monday, although the coronavirus pandemic continues to weigh on firms' business confidence.
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Japan's economy minister warns against deepening negative rates

Reuters Business News - Sun, 06/07/2020 - 23:59
Japan should focus on back-stopping struggling businesses rather than trying to spark overall demand in fighting the coronavirus pandemic, its economy minister said, suggesting the central bank should avoid pushing interest rates deeper into negative territory.
Categories: Reuters

Instant View: Japan's economy braced for worst postwar slump despite capex gains in first-quarter GDP

Reuters Business News - Sun, 06/07/2020 - 23:59
Japan's economy shrank less than initially estimated in the first quarter, revised data showed on Monday, but the broad impact from the coronavirus crisis is still expected to send the country deeper into recession.
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Samsung leader appears in court, awaits decision on whether he'll be jailed again

Reuters Business News - Sun, 06/07/2020 - 23:12
The de facto leader of Samsung Group, Jay Y. Lee, appeared before a South Korean court on Monday, awaiting a ruling on whether new allegations including accounting fraud and stock manipulation will send him back to jail after more than two years of freedom.
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World shares advance on surprise U.S. job recovery, oil steadies

Reuters Business News - Sun, 06/07/2020 - 22:46
Global share prices edged higher on Monday after a surprise recovery in U.S. employment provided cause for optimism that global economies could quickly revive after many weeks of lockdowns aimed at controlling the coronavirus pandemic.
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Mexico to propose NAFTA renegotiator to lead WTO: sources

Reuters Business News - Sun, 06/07/2020 - 22:31
Mexico is set to propose senior trade official Jesus Seade, who helped rework the North American Free Trade Agreement, as a candidate to be the next director-general of the World Trade Organization (WTO), sources said on Sunday.
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Japan's economy braces for worst postwar slump despite capex gains in first-quarter GDP

Reuters Business News - Sun, 06/07/2020 - 22:10
Japan's economy shrank less than initially estimated in the first quarter but the broad impact from the coronavirus crisis is still expected to send the country deeper into recession.
Categories: Reuters

Japan's first-quarter GDP shrinks less than initial estimate but still faces steep recession

Reuters Business News - Sun, 06/07/2020 - 21:36
Japan's economy shrank less than initially estimated in the first quarter but the broad impact from the coronavirus crisis is still expected to send the country deeper into recession.
Categories: Reuters

Singapore Airlines secures $1 billion additional credit after rights issue

Reuters Business News - Sun, 06/07/2020 - 21:05
Singapore Airlines Ltd said on Monday that it had secured about $1 billion in credit facilities, in addition to the S$8.8 billion ($6.32 billion) it recently raised from a rights issue, to help it weather the COVID-19 pandemic.
Categories: Reuters

Instant View: Japan's economy set for worst postwar slump despite capex gains in first-quarter GDP

Reuters Business News - Sun, 06/07/2020 - 21:01
Japan's economy shrank less than initially estimated in the first quarter, revised data showed on Monday, but the broad impact from the coronavirus crisis is still expected to send the country deeper into recession.
Categories: Reuters

Samsung heir appears in court, awaits decision on whether he'll be jailed again

Reuters Business News - Sun, 06/07/2020 - 20:51
Samsung Group heir Jay Y. Lee on Monday arrived at a South Korean court which will rule whether he will be sent back to jail after more than two years of freedom, as new allegations dog the executive and cast a pall over the country's top conglomerate.
Categories: Reuters

Japan's economy minister keeps focus on crisis-response, warns against deepening negative rates

Reuters Business News - Sun, 06/07/2020 - 20:46
Japan should focus on back-stopping struggling businesses rather than trying to spark overall demand in fighting the coronavirus pandemic, its economy minister said, suggesting the central bank should avoid pushing interest rates deeper into negative territory.
Categories: Reuters

Samsung heir appears in court for arrest warrant hearing

Reuters Business News - Sun, 06/07/2020 - 20:13
Samsung Group heir Jay Y. Lee appeared in court on Monday for a hearing to determine whether he should be jailed over allegations of accounting fraud, in his latest brush with the law at South Korea's top conglomerate.
Categories: Reuters

World shares advance on surprise U.S. job recovery

Reuters Business News - Sun, 06/07/2020 - 19:22
U.S. stock futures and Asian shares advanced on Monday after a surprise recovery in U.S. employment gave further confidence of a quick economic recovery after many weeks of lockdowns aimed at controlling the coronavirus pandemic.
Categories: Reuters

Court to decide whether to jail embattled Samsung heir again

Reuters Business News - Sun, 06/07/2020 - 18:05
A South Korean court will rule as soon as Monday whether to send Samsung Group heir Jay Y. Lee back to jail after more than two years of freedom, as new allegations dog the executive and cast a pall over the country's top conglomerate.
Categories: Reuters

AstraZeneca contacted Gilead over potential megamerger: Bloomberg News

Reuters Business News - Sun, 06/07/2020 - 13:42
Britain's AstraZeneca has approached U.S. rival Gilead Sciences about a possible merger to form one the world's largest drug companies, Bloomberg News reported on Sunday, citing people familiar with the matter.
Categories: Reuters

AstraZeneca approached Gilead about potential merger - Bloomberg News

Reuters Business News - Sun, 06/07/2020 - 09:11
Britain's AstraZeneca Plc has approached U.S. rival Gilead Sciences Inc about a possible merger that would form one the world's largest drug companies, Bloomberg News reported on Sunday, citing people familiar with the matter.
Categories: Reuters
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