Global equities edge higher on oil rebound, stimulus hopes
Global equity benchmarks edged higher Thursday as investors weighed an ongoing rebound in oil prices against stark economic data from Europe and the United States...
U.S. business activity hits fresh record lows amid coronavirus lockdowns
U.S. business activity plumbed new record lows in April as the novel coronavirus severely disrupted manufacturing and services industry production, pushing the economy into uncharted...
Empty kitchens, closed stores: Small China firms struggle to cope with epidemic fallout
Ma Xinli has shut four of his clothing stores and expects to close another three by mid-June. Unsold winter stock is now hard to sell,...
Millions of Americans join unemployed ranks as coronavirus ravages economy
A stunning 26.5 million Americans have sought unemployment benefits over the last five weeks, confirming that all the jobs gained during the longest employment boom...
Air France-KLM says CEO Ben Smith to give up 2020 bonus
Air France-KLM Chief Executive Ben Smith will give up his 2020 bonus, the airline group said on Thursday as it negotiates financial aid from the...
Wall Street gains on hopes worst for U.S. labor market over
U.S. stock markets climbed higher at the open on Thursday as jobless claims declined for a third straight week, raising hopes that the worst of...
Jaguar Land Rover to restart some European output from mid-May
Jaguar Land Rover (JLR) will restart some production in Europe from May 18, including at one of its three British car plants and its factory...
Eli Lilly lifts 2020 forecast as coronavirus lockdowns fuel profit beat
Eli Lilly and Co raised the top-end of its 2020 profit forecast on Thursday and beat quarterly estimates, benefiting from customers stocking up medicines such...
Jaguar Land Rover plans to restart some European production from mid-May
Jaguar Land Rover plans to restart some European production from May 18, beginning with one of its three British car factories, a central English engine...
Wall Street set for higher open as weekly jobless claims fall
Wall Street headed for a higher open on Thursday as jobless claims declined for the third straight week, raising hopes that the worst of the...