Tiffany gets certain regulatory clearances for LVMH deal, sales slump
U.S. luxury jeweler Tiffany & Co said on Tuesday it had received antitrust clearances from Mexican and Russian authorities to go ahead with its $16.2-billion...
HSBC cuts year-end 10-year UK gilt yield forecast to 0%
HSBC said on Tuesday that it had lowered its year-end forecast on 10-year British government bond yields to 0%, given a small probability of negative...
Hong Kong spearheads $5 billion Cathay Pacific rescue package
Hong Kong will lead a $5 billion rescue of Cathay Pacific Airways , which like other airlines has been hit by a global travel slump...
Vitol’s former CEO Ian Taylor dies after cancer battle: sources
Vitol’s former chief executive and chairman Ian Taylor has died at the age of 64 from cancer, according to an internal memo and four sources...
S&P revises Japan’s outlook to stable
S&P Global Ratings said it has revised Japan’s outlook to stable on increased uncertainty around debt stabilization....
Household spending plunge pulls down euro zone GDP in first quarter
A plunge in household spending and investment pulled down euro zone gross domestic product in the first quarter as the COVID-19 pandemic struck, but the...
U.S. failed to properly oversee Chinese telecom carriers: Senate panel
A U.S. Senate report released Tuesday says the U.S. government failed to properly oversee Chinese-owned telecommunications companies for nearly two decades....
Exclusive: Banks to Berlin – Loosen coronavirus cash rules for firms
Germany’s bank lobby is set to urge the government to drop some of the conditions attached to a trillion euro rescue scheme, arguing that companies...
Oil prices climb as easing of lockdowns fuels hopes for recovery in fuel demand
Oil prices rose on Tuesday, boosted by hopes for a swift recovery in fuel demand as coronavirus lockdown measures are eased across the globe, but...
No ware to sell: Beijing’s street vendors back on the run
Clad in black, Beijing’s city inspectors descended on street vendors this week and ordered them to clear out, just days after the Chinese premier had...