HSBC revives plan to axe 35,000 jobs, memo shows
HSBC is resuming a massive redundancy plan it had put on ice after the coronavirus outbreak, and will cut 35,000 jobs over the medium term,...
HSBC resumes cutting around 35,000 jobs: memo
HSBC is resuming a massive redundancy plan it had put on ice following the outbreak of coronavirus, and will cut 35,000 jobs over the medium...
United Airlines sweetens exit deal for flight attendants
United Airlines sweetened on Tuesday a voluntary exit package for flight attendants and extended the application deadline, saying it needed “a lot more people to...
Asia stocks turn cautious on virus surge, geopolitics
Asian share markets took a cautious turn on Wednesday as a resurgence of global coronavirus cases challenged market confidence in a rapid economic recovery, even...
United Airlines sweetens voluntary exit deal for flight attendants
United Airlines sweetened a voluntary exit package for flight attendants and extended the application deadline, saying that while “thousands of employees” signed up, “we’re finding...
Dollar firm after U.S. retail sales jump, risk currencies softer
The dollar held firm against many of its rivals on Wednesday after U.S. retail sales jumped far more than expected in May,...
Oil slumps as U.S. crude stocks build amid virus resurgence fears
Oil prices fell on Wednesday as data showed an increase in U.S. crude and fuel inventories, raising the prospect of oversupply as a potential second...
Asian business sentiment plunges to record low on virus effect: Thomson Reuters/INSEAD survey
Business sentiment of Asian companies sank to an 11-year low in the second quarter, a Thomson Reuters/INSEAD survey found, with some two-thirds of the firms...
Dollar firm after retail sales jump fans recovery hopes
The dollar held firm against many of its rivals on Wednesday after U.S. retail sales jumped far more than expected in May, while risk-sensitive currencies...
Asian stocks set to rise as drug trials, data push Wall Street higher
Asian stocks were set to climb on Wednesday after another late Wall Street surge in response to upbeat trial results for a COVID-19 treatment and...