Volkswagen to pay $267 million for Audi buyout
Volkswagen will pay a 48% premium to buy out the minority shareholders of premium division Audi , Audi said on Tuesday....
U.S. business inventories drop more than expected
U.S. business inventories fell more than expected in April as the COVID-19 crisis depressed imports, suggesting inventory investment could again be a drag on economic...
New York area business activity shows signs of improvement in June
Business conditions in the New York region began to show signs of improvement in June, and companies have started bringing their staff back to work...
Oil prices up 4% on supply cuts, improving demand
Oil prices jumped around 4% on Tuesday after the International Energy Agency (IEA) increased its oil demand forecast for 2020 and as record supply cuts...
U.S. economic recovery hinges on virus being under control, Fed’s Powell says
A full U.S. economic recovery will not occur until the American people are sure that the novel coronavirus epidemic has been brought under control, Federal...
AB Volvo to cut white-collar workforce by 4,100 jobs as pandemic weighs
Truck- and construction equipment maker AB Volvo plans to cut its white-collar workforce by around 4,100 positions during the second half of 2020, it said...
Wall Street surges after record rise in May retail sales
U.S. stocks jumped on Tuesday after a record rise in May retail sales revived hopes of a swift post-pandemic economic rebound, with sentiment also lifted...
European airlines face longer haul to recovery
A patchwork of national restrictions and a reluctance among travellers to cross borders mean European airlines face a bumpier return to the skies from coronavirus...
Stock tear higher on record U.S. retail sales rebound
Global stocks were back firing on all cylinders on Tuesday as a record rebound in U.S. retail sales and fresh support from the Federal Reserve...
Wall Street surges at open on record rise in May retail sales
U.S. stocks jumped at the open on Tuesday after a record rise in May retail sales revived hopes of a swift post-pandemic economic rebound, with...