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Gulf mall operators rein in expansion as retailers reel from COVID-19
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
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
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.
Categories: Reuters
Japan's economy minister warns against deepening negative rates
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
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 leader appears in court, awaits decision on whether he'll be jailed again
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.
Categories: Reuters
World shares advance on surprise U.S. job recovery, oil steadies
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.
Categories: Reuters
Mexico to propose NAFTA renegotiator to lead WTO: sources
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.
Categories: Reuters
Japan's economy braces for worst postwar slump despite capex gains in first-quarter GDP
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
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
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
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
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
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
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
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
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
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
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