Ex-Tommy Hilfiger boss Grieder to become new Hugo Boss CEO
German fashion house Hugo Boss has appointed former Tommy Hilfiger [APARTM.UL] boss Daniel Grieder as its next chief executive, it said on Tuesday....
Senators introduce aviation safety bill to reform aircraft certification after 737 MAX crashes
U.S. lawmakers introduced a bipartisan bill on Tuesday that would reform aircraft certification following two fatal 737 MAX crashes, U.S. Senators Roger Wicker and Maria...
Appeals court sides with exchanges in U.S. SEC fee row
A U.S. appeals court ruled on Tuesday that the Securities and Exchange Commission cannot force stock exchanges to conduct a costly experiment to see how...
Stocks, dollar gain on U.S. retail sales, drug trial
A record rebound in U.S. retail sales, fresh support from the Federal Reserve and Bank of Japan, and upbeat trial results for a COVID-19 treatment...
China keen to seek benefits from pandemic, distressed U.S. assets: report
U.S. lawmakers and policymakers should be wary of China’s moves to target vulnerable U.S. assets and expand its market share in the wake of the...
U.S. bank profits plunge 70% on coronavirus loss provisioning
U.S. bank profits fell by 69.6% to $18.5 billion in the first quarter of 2020 from the year prior as banks felt the economic impact...
Oil prices rise on hopes of demand recovery
Oil prices edged higher on Tuesday as Wall Street surged and the International Energy Agency (IEA) increased its oil demand forecast for 2020, but gains...
Fed corporate bond move relieves potential stigma for companies, say investors
The New York Federal Reserve’s planned launch on Tuesday of a bond-buying facility could help ease the potential stigma for companies of asking for help...
Hilton to cut 2,100 corporate jobs globally
Hotel chain Hilton Worldwide Holdings Inc said on Tuesday it would cut about 22% of its corporate workforce, or 2,100 jobs, in response to the...
Fed Chair Powell says strong job market can reduce U.S. racial inequality
The best way the Federal Reserve can help reduce racial inequality is to return the U.S. labor market to its pre-coronavirus strength, U.S. Fed Chair...