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Citigroup forms new strategic advisory group to merge insights, data

Reuters Business News - Thu, 06/04/2020 - 07:44
Citigroup Inc said on Thursday it is forming a new strategic advisory group within its investment bank.
Categories: Reuters

Virgin Atlantic says to restart some flights on July 20

Reuters Business News - Thu, 06/04/2020 - 07:37
Virgin Atlantic said on Thursday it would restart some flights that have been grounded by the COVID-19 pandemic on July 20 and aimed to restore further services in August.
Categories: Reuters

Germany forces all petrol stations to provide electric car charging

Reuters Business News - Thu, 06/04/2020 - 07:24
Germany said it will oblige all petrol stations to offer electric car charging as part of a sweeping 130 billion euro ($146.26 billion) economic recovery plan, boosting electric vehicle demand which has been hampered by consumer concerns over refuelling.
Categories: Reuters

Factbox: German stimulus to drive forward green vehicles

Reuters Business News - Thu, 06/04/2020 - 07:24
Germany's coronavirus recovery stimulus package contains measures to boost low emission cars and electric vehicle charging infrastructure.
Categories: Reuters

China eases flight curbs after United States targets its carriers

Reuters Business News - Thu, 06/04/2020 - 06:17
China will ease coronavirus restrictions to allow more foreign carriers to fly to the mainland, shortly after Washington vowed to bar Chinese airlines from flying to the United States due to Beijing's curbs on U.S. airlines.
Categories: Reuters

Exclusive: Amazon in talks to buy $2 billion stake in Indian telco Bharti Airtel - sources

Reuters Business News - Thu, 06/04/2020 - 06:08
Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in Indian mobile operator Bharti Airtel , three people with knowledge of the discussions told Reuters, in a move that could turbocharge India's digital economy.
Categories: Reuters

Futures slip ahead of jobless data

Reuters Business News - Thu, 06/04/2020 - 05:59
U.S. stock index futures slipped on Thursday as a rally fueled by optimism over an economic rebound from a coronavirus-led downturn ran out of steam, with investors awaiting a reading on weekly jobless claims.
Categories: Reuters

Germany finally splurges, but not without fresh criticism

Reuters Business News - Thu, 06/04/2020 - 05:55
Under pressure from its European peers for years to spend more, Germany has finally served up a bumper stimulus package financed with new debt, but Berlin's rediscovered love to splurge is causing fresh unease among its neighbours.
Categories: Reuters

Tata Steel workers at Dutch plant vote to strike

Reuters Business News - Thu, 06/04/2020 - 05:21
Employees at Tata Steel's Dutch plant in IJmuiden on Thursday voted to go on strike over planned job cuts and the plant's further integration with Tata's British operations, labour union FNV said.
Categories: Reuters

HSBC, StanChart shares rise as support for China law eases Hong Kong impact worries

Reuters Business News - Thu, 06/04/2020 - 05:01
Hong Kong shares of HSBC and Standard Chartered rose on Thursday after the banks backed China's national security law for the city, allaying worries about their businesses getting hurt by any potential political crossfire in their largest market.
Categories: Reuters

Tata Steel workers at Dutch plant vote to strike: ANP

Reuters Business News - Thu, 06/04/2020 - 04:35
Employees at Tata Steel's Dutch plant in IJmuiden on Thursday voted to go on strike over planned job cuts and the plant's further integration with Tata's British operations, Dutch news agency ANP reported.
Categories: Reuters

U.S. airlines gain final approval to drop services to 75 domestic airports

Reuters Business News - Thu, 06/04/2020 - 04:16
Fifteen U.S. airlines were granted final government approval on Wednesday to temporarily halt service to 75 domestic airports as travel demand has been crushed due to the coronavirus pandemic.
Categories: Reuters

Rally pauses ahead of ECB stimulus plan

Reuters Business News - Thu, 06/04/2020 - 04:16
The rapid rally in world markets finally paused for breath on Thursday, as traders waited to hear how much more stimulus the European Central Bank plans to shovel out to address the coronavirus slump.
Categories: Reuters

South Korea seeks arrest of Samsung heir Lee in succession probe

Reuters Business News - Thu, 06/04/2020 - 04:15
South Korean prosecutors have requested an arrest warrant for Samsung Group heir Jay Y. Lee, they said on Thursday, in the investigation of a 2015 merger and alleged accounting fraud in a suspected bid to aid his succession plans.
Categories: Reuters

LVMH has explored coronavirus impact on Tiffany deal terms

Reuters Business News - Thu, 06/04/2020 - 04:09
LVMH 's board met this week to discuss the fallout from the coronavirus crisis on its $16.2 billion purchase of U.S. jeweller Tiffany , the luxury goods group said on Thursday, opening the door to a possible attempt to review the deal terms.
Categories: Reuters

LVMH says it is not considering buying Tiffany shares via the market

Reuters Business News - Thu, 06/04/2020 - 03:58
LVMH said on Thursday it did not plan to buy shares in Tiffany on the market, which would be one way for the French luxury goods group to buy the U.S. jeweller for less than the $16.2 billion agreed in last year's acquisition deal.
Categories: Reuters

GM to work closely with CATL in its China EV push: executive

Reuters Business News - Thu, 06/04/2020 - 03:53
General Motors will "work very closely" with Chinese electric vehicle battery maker Contemporary Amperex Technology Ltd (CATL) as it ramps up electric production in the world's biggest auto market, a senior executive said.
Categories: Reuters

South Korean court to review prosecution's arrest warrant request for Samsung heir

Reuters Business News - Thu, 06/04/2020 - 03:49
A South Korean court said on Thursday it will review the prosecution's request for an arrest warrant for Samsung Electronics vice chairman Jay Y. Lee.
Categories: Reuters

Senators to announce sanctions bill on Russia's Nord Stream 2 gas pipeline

Reuters Business News - Thu, 06/04/2020 - 03:47
U.S. senators will announce a bill this week expanding sanctions on Russia's Gazprom-led Nord Stream 2 project, Senate aides said, targeting a pipeline Washington says will make Europe too reliant on Russian gas.
Categories: Reuters

Citi defies coronavirus with Western European corporate lending push

Reuters Business News - Thu, 06/04/2020 - 03:27
Citigroup is looking to ramp up its commercial banking operations across Europe, Middle East and Africa, plugging gaps left by rivals facing fallout from a coronavirus-induced recession.
Categories: Reuters
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