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No major conditions on Renault’s state-backed loan, chairman says
France has not attached any major conditions to a 5 billion euro ($5.6 billion) state-backed loan for Renault, the carmaker’s chairman said on Tuesday, although the finance minister called on the company to hold “exemplary” talks with unions.
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The secret behind gold's stunning surge
Here’s why gold prices are on fire. …read more […]
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Financing hunt during pandemic lifts May U.S. convertible debt issuance to record
U.S. issuance of convertible bonds in May hit a record high of $20.7 billion, according to Bank of America data, as companies struggling with the impact of the coronavirus pandemic ventured into the one-time niche market seeking cheaper and easier ways to borrow cash.
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Britain, EU clash over financial market access: diplomats
Britain wants binding commitments from the European Union on financial market access to avoid the country’s finance industry suddenly being cut off from the bloc, a request Brussels has rejected, EU officials and diplomats said.
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China is using Huawei to drive a wedge in the UK-U.S. special relationship: senator
China is using telecoms giant Huawei to try to drive a wedge between Britain and the United States, Republican senator Tom Cotton told British lawmakers on Tuesday.
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China is using Huawei to drive a wedge in the UK-US special relationship: senator
China is using telecoms giant Huawei to try to drive a wedge between Britain and the United States, Republican senator Tom Cotton told British lawmakers on Tuesday.
Business News
Oil rises nearly 3% ahead of OPEC+ meeting, easing lockdowns
Oil prices were up about $1 a barrel on Tuesday on expectations that major producers will agree to extend output cuts during a video conference likely to be held this week and as countries and U.S. states begin to restart after coronavirus lockdowns.
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Global equities cruise to three-month highs, dollar under protest pressure
World stock markets hit their highest levels since March and oil prices jumped on Tuesday as signs of a global economic recovery from the coronavirus pandemic offset concerns over the worst civil unrest in the United States in decades.
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Why looting, protests and COVID-19 haven't pounded the stock market
Here’s why stocks continue to be in rally mode despite the horrors sweeping America right now. …read more […]
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U.S. sanctions four shipping firms for transporting Venezuelan oil
The U.S. Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in Washington’s effort to oust socialist President Nicolas Maduro by cutting off the OPEC nation’s crude exports.
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U.S. sanctions four shipping firms for transporting Venezuelan oil
Marshall Islands-based Afranav Maritime Ltd, Adamant Maritime Ltd and Sanibel Shiptrade Ltd, as well as Greece-based Seacomber Ltd, all own tankers that lifted Venezuelan oil between February and April of this year, the Treasury Department said. “These companies are transporting oil that was effectively stolen from the Venezuelan people,” Secretary of State Mike Pompeo said in a statement. …read more […]
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H&M closes U.S. stores amid protests, says it stands behind black community
H&M, the world’s second-biggest fashion retailer, said on Tuesday it had temporarily closed 95 of its stores in the United States because of the violent protests following the death of George Floyd in police custody.
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Stimulus a ‘failure’ so far; used to ‘prop up the stock market’: Congressional Oversight Commission Member
Bharat Ramamurti, Managing Director of the Corporate Power program at the Roosevelt Institute & Member of the Congressional Oversight Commission joins Yahoo Finance’s On The Move panel to break down the importance of the CARES ACT. …read more […]
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GM, Ford join U.S. companies condemning George Floyd death, racism
General Motors Co and Ford Motor Co condemned racial inequality in the United States following the death of George Floyd, an unarmed black man, at the hands of police in Minneapolis last week.