Financing hunt during pandemic lifts May U.S. convertible debt issuance to record
U.S. issuance of convertible bonds in May hit a record high of $20.7 billion, according to Bank of America data, as companies struggling with the...
Britain, EU clash over financial market access: diplomats
Britain wants binding commitments from the European Union on financial market access to avoid the country’s finance industry suddenly being cut off from the bloc,...
China is using Huawei to drive a wedge in the UK-U.S. special relationship: senator
China is using telecoms giant Huawei to try to drive a wedge between Britain and the United States, Republican senator Tom Cotton told British lawmakers...
U.S. sanctions four shipping firms for transporting Venezuelan oil
The U.S. Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in Washington’s effort to oust...
H&M closes U.S. stores amid protests, says it stands behind black community
H&M, the world’s second-biggest fashion retailer, said on Tuesday it had temporarily closed 95 of its stores in the United States because of the violent...
Global airport group says pandemic safety rules to lengthen pre-departure waits
New global guidelines featuring physical distancing to restart aviation safely during the coronavirus pandemic could add up to two hours of pre-departure time for passengers...
JPMorgan, Barclays settle Mexican bond rigging litigation
JPMorgan Chase & Co and Barclays Plc will pay $20.7 million to resolve investors’ claims they conspired to rig the Mexican government bond market, the...
Pfizer to invest up to $500 million in public drug developers
Pfizer Inc said on Tuesday it will invest up to $500 million into publicly traded drug developers to fund their treatment candidates and provide access...
S&P 500, Dow scale fresh three-month peaks
The S&P 500 and the Dow Jones indexes hit new three-month highs on Tuesday on prevailing optimism around the reopening of businesses, with investors remaining...
U.S. opens national security probe into vanadium imports
The U.S. Commerce Department said on Tuesday it was opening an investigation into whether imports of vanadium, a metal used in aerospace, defense and energy...