Business News
Futures retreat as Sino-U.S. tensions simmer
U.S. stock index futures retreated on Friday as growing tensions between Washington and Beijing added to fears of a slower recovery from a coronavirus-led recession.
Month: May 2020
Business News
Hong Kong tensions unnerve world stocks, oil tumbles
World stocks took a hit and the Chinese yuan weakened on Friday as Beijing moved to impose a new security law on Hong Kong after last year’s pro-democracy unrest, further straining fast-deteriorating U.S.-China ties.
Trading Ideas
The race for a coronavirus treatment is fanning fears of 'vaccine nationalism'
Geopolitical rivalries, as well as practical considerations, are emerging as real hurdles in the race for a COVID treatment. …read more […]
Business News
Cabin crew union demands Lufthansa bailout safeguards jobs
Germany’s airline cabin crew union called on Friday for Berlin to include measures to safeguard jobs in the bailout package which is being finalised for airline Lufthansa .
Trading Ideas
Why one analyst thinks now is the time to buy cruise stocks: Morning Brief
Top news and what to watch in the markets on Friday, May 22, 2020. …read more […]
Business News
U.S. shale bust slams rural economies as oil checks shrivel
Royalties from oil pumped on Paul Ruckman’s land allowed the South Texas retiree to build a six-bedroom, seven-bathroom vacation home. He had plenty left over, and donated some of it to Helena, Texas, an 1800s ghost town that draws hundreds to historic buildings and gunfight re-enactments.
Business News
EasyJet founder fails to oust management, proxy votes show
EasyJet said founder Stelios Haji-Ioannou had failed in his attempt to oust key management including the CEO, according to the initial results of a shareholder vote brought over the airline’s plan to buy new planes.
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Business News
China’s Geely to explore deeper cooperation with Daimler: chairman
China’s Geely will explore the possibility of deeper cooperation with German luxury automaker Daimler AG , its Chairman Li Shufu said on Friday.
Business News
Ryanair’s Lauda airline to close Vienna base, 300 jobs to go
Ryanair’s Austrian airline Lauda on Friday said it would shut down its main Vienna base on May 29 with the loss of more than 300 jobs in Austria after it did not manage to agree new labour contracts with the union.
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Pound Risks 35-Year Low With BOE Fueling Sub-Zero Rate Bets
(Bloomberg) — Speculation that the U.K. could be the next major nation with negative interest rates is hurting the pound and driving a record rally in the country’s haven bonds.Sterling tumbled against a stronger dollar and gilt yields touched fresh all-time lows after Bank of England Deputy Governor Dave Ramsden became the latest policy maker to signal that interest rates below 0% could be a possibility. Traders in money markets are betting the U.K. could see sub-zero interest rates by year-end.Ramsden’s comments “are broadly in line with other Monetary Policy Committee members this week which have signaled that the BOE …read more […]
Business News
Amazon to hire 50,000 temp workers in India as lockdown boosts demand
Amazon.com Inc’s India unit said it would hire 50,000 temporary workers to meet a surge in online shopping in the country, where customers have been stuck indoors for two months in a lockdown to fight the coronavirus outbreak.
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Business News
Tensions over Hong Kong unnerve world stocks, oil tumbles
World stocks took a hit on Friday as China moved to impose a new security law on Hong Kong after last year’s pro-democracy unrest, further straining fast-deteriorating U.S.-China ties.
Business News
Oil drops over 5% on China-U.S. tensions, demand doubts
Oil fell over 5% on Friday towards $34 a barrel as tensions rose between the United States and China, and doubts grew about the pace of demand recovery from the coronavirus crisis.