H&M’s March-May sales tumble by less than expected 50%
H&M , the world’s second-biggest fashion retailer, on Monday reported a sharp but slightly smaller than expected drop in second-quarter sales as measures to slow...
Intesa, BPER revise terms aiming to avert antitrust hurdles to UBI deal
Italian bank Intesa Sanpaolo has increased the number of branches and amount of assets it will sell to rival BPER if its proposed takeover of...
Stocks, oil fall as second wave fears cloud recovery prospects
Asian shares and Wall Street futures fell on Monday as growing fears of a second wave of coronavirus infections revived economic worries, while underwhelming data...
Recovery rally has further to run, so buy stocks: Morgan Stanley
Stock market gains have further to run and investors are still under-pricing the scale of the world’s coronavirus recovery, investment bank Morgan Stanley said in...
Exclusive: Mexico’s oil hedge to be pricier, but government likely doing it anyway
Mexico will have to pay more for less coverage under its giant oil revenue insurance policy for 2021, but will likely go ahead anyway to...
China’s factory output perks up but consumers stay cautious
China’s factories stepped up production for a second straight month in May, as the country shook off the economic torpor of the coronavirus, although the...
Oil drops as new coronavirus outbreaks raise fuel demand concerns
Oil fell more than 2% on Monday, extending losses from last week, as new coronavirus infections hit China and the United States, raising the prospect...
Asian stocks, oil fall as second wave fears grow
Asian shares stumbled on Monday and oil prices slipped as fears of a second wave of coronavirus infections in Beijing sent investors scurrying for safe-havens...
Volkswagen in Mexico will begin sending workers back to plant on Tuesday
Volkswagen AG’s Mexican unit will begin sending workers back to its plant in the central state of Puebla on Tuesday for “preparation and training eyeing...
Asian stocks, oil sell off on second wave fears
Asian markets started the week on the backfoot on Monday while oil prices slipped as fears of a second wave of coronavirus infections in China...