Feed aggregator

Exclusive: U.S. considers blacklisting more oil tankers over Venezuela trade, official says

Reuters Business News - Fri, 06/05/2020 - 13:39
The United States is considering imposing sanctions on dozens of additional foreign oil tankers for trading with Venezuela, a U.S. official told Reuters on Friday.
Categories: Reuters

WeWork co-founder McKelvey to leave company by June end

Reuters Business News - Fri, 06/05/2020 - 13:38
WeWork co-founder Miguel McKelvey will leave the company at the end of June, a spokesman for the troubled office-sharing start-up said on Friday.
Categories: Reuters

LVMH refrains from renegotiating Tiffany deal, sources say

Reuters Business News - Fri, 06/05/2020 - 13:37
French luxury goods giant is not asking to renegotiate its $16.2-billion acquisition of U.S. jewelry chain Tiffany & Co after deliberating whether to do so, people familiar with the matter said on Friday.
Categories: Reuters

PG&E preparing debt financing to exit bankruptcy: CNBC

Reuters Business News - Fri, 06/05/2020 - 13:34
San Francisco-based utility PG&E Corp is preparing debt financing to exit bankruptcy, CNBC said on Friday citing a report.
Categories: Reuters

United Airlines closing three of four international bases for flight crew

Reuters Business News - Fri, 06/05/2020 - 13:24
United Airlines Holdings Inc is closing three out of four international bases for flight attendants, according to an internal memo seen by Reuters, saying it is not able to sustain the bases in the current environment.
Categories: Reuters

German prosecutors probe Wirecard management board

Reuters Business News - Fri, 06/05/2020 - 13:23
Munich prosecutors on Friday said they had searched Wirecard's headquarters and opened proceedings against the payment company's entire management board as part of a market manipulation probe initiated by Germany's financial regulator BaFin.
Categories: Reuters

Nasdaq hits record high as U.S. economy shows signs of rebound

Reuters Business News - Fri, 06/05/2020 - 13:19
The Nasdaq Composite on Friday became the first of the three major U.S. stock indexes to bounce back to a record high, recovering from a stunning coronavirus-led slump on growing hopes of a swift economic rebound.
Categories: Reuters

Airbus jetliner deliveries recover some ground in May

Reuters Business News - Fri, 06/05/2020 - 13:16
Airbus deliveries partially recovered ground in May compared with the previous month, but remained well below normal levels after falling dramatically due to the coronavirus crisis, company data showed on Friday.
Categories: Reuters

Wall Street jumps, Nasdaq set for record closing high after surprise jobs report

Reuters Business News - Fri, 06/05/2020 - 13:08
Wall Street surged on Friday, and the Nasdaq was on course to set a new record closing high after the May jobs provided an astounding upside surprise and the clearest evidence yet that the U.S. economy is bouncing back sooner than expected from pandemic-related lockdowns.
Categories: Reuters

Chevron oil cargo tangled in U.S. sanctions on Venezuela

Reuters Business News - Fri, 06/05/2020 - 12:53
A Chevron Corp crude oil cargo has become embroiled in U.S. sanctions on shipping companies for violating restrictions on doing business with Venezuela, the company confirmed on Friday.
Categories: Reuters

United Airlines closing three international bases for flight crew

Reuters Business News - Fri, 06/05/2020 - 12:52
United Airlines Holdings Inc is closing its international bases for flight attendants in Frankfurt, Hong Kong, and Tokyo effective Oct. 1, 2020, according to an internal memo to crew on Friday seen by Reuters.
Categories: Reuters

Canada gains surprise 289,600 jobs in May, jobless rate hits record

Reuters Business News - Fri, 06/05/2020 - 12:37
Canada unexpectedly gained 289,600 jobs in May even as the jobless rate hit a record high at 13.7%, data showed on Friday, buoyed by the loosening of stay-at-home restrictions in parts of the country.
Categories: Reuters

Nasdaq closes in on record high after surprise jobs report

Reuters Business News - Fri, 06/05/2020 - 12:23
A stunning U.S. jobs report on Friday put the Nasdaq within striking distance of its record high as investors flocked back to riskier assets on hopes of a swift economic rebound from the coronavirus-driven slump.
Categories: Reuters

UBS and Bank of America units clear ECB stress test

Reuters Business News - Fri, 06/05/2020 - 12:17
An asset quality review and a stress test on subsidiaries of UBS and Bank of America revealed no capital shortfall, the European Central Bank said on Friday, clearing a hurdle for the banks to relocate activities to Europe from Britain.
Categories: Reuters

Trump says jobs data shows 'greatest comeback in American history'

Reuters Business News - Fri, 06/05/2020 - 11:35
President Donald Trump on Friday celebrated a stunning U.S. employment report that showed more than 2.5 million jobs were added last month during the thick of the coronavirus pandemic, and predicted the battered economy will recover all of its lost jobs by next year.
Categories: Reuters

Ford re-evaluates office space in coronavirus world

Reuters Business News - Fri, 06/05/2020 - 11:34
Ford Motor Co is re-evaluating how much office space it needs for white-collar workers as restrictions put in place during the coronavirus pandemic are eased and employees return to workplaces.
Categories: Reuters

Ocean shipping shrinks as pandemic pummels retailers

Reuters Business News - Fri, 06/05/2020 - 11:28
The $1 trillion container shipping industry is in a slowdown. Literally.
Categories: Reuters

Brazil, Mexico currencies both rebound but real has more legs than peso

Reuters Business News - Fri, 06/05/2020 - 11:18
The Brazilian real and Mexican peso have both rebounded strongly in recent weeks, but their rallies are starting to diverge with the peso running out of steam and the real gaining momentum.
Categories: Reuters

U.S. will allow Chinese passenger carriers to fly two flights per week

Reuters Business News - Fri, 06/05/2020 - 10:55
The U.S. Transportation Department said Friday it will allow Chinese passenger air carriers to operate two flights after Beijing said it would ease coronavirus restrictions to allow in more foreign carriers.
Categories: Reuters

U.S. labor market unexpectedly improves, but recovery expected to be a slog

Reuters Business News - Fri, 06/05/2020 - 10:51
The U.S. economy unexpectedly added jobs in May after suffering record losses in the prior month, offering the clearest signal yet that the downturn triggered by the COVID-19 pandemic was probably over, though the road to recovery could be long.
Categories: Reuters
Syndicate content