Wall Street climbs as investors hold out for recovery; Nasdaq at 3-month high
Wall Street’s main indexes surged and the Nasdaq hit a three-month high on Wednesday, as investors clung to hopes of a recovery from a coronavirus-fueled...
OPEC chief says oil market responding well to record OPEC+ cut
OPEC is encouraged by a rally in oil prices and strong adherence to its latest output cut, its secretary general said, although sources say the...
Oil up on lower U.S. stocks, firmer demand
Oil prices firmed on Wednesday on signs of improving demand and a drawdown in U.S. crude inventories, but worries over the economic fallout from the...
U.S. bank regulator finalizes new community lending rule
A U.S. banking regulator announced on Wednesday it had finalized work on a long-running effort to change community lending standards for banks....
Northern Trust shutting fund in latest prime money market stress
Northern Trust Corp said it will liquidate a $1.8 billion prime money market fund, one of a number to come under stress this year as...
U.S. Senator Rubio sees consensus for extending paycheck loan program
There appears to be agreement in Washington to give companies more time to utilize their coronavirus aid under the Paycheck Protection Program, the head of...
Unions say Ryanair exaggerating COVID threat to undermine conditions
Several Ryanair trade unions say they will resist an attempt to cut pay and conditions for a five-year period, citing management promises of a swift...
U.S. arrests two men wanted by Japan over former Nissan boss Carlos Ghosn’s escape
U.S. authorities on Wednesday arrested a former special forces soldier and another man wanted by Japan on charges that they enabled the escape of former...
Nestle to build new plant-based food facility in China under $100 million investment plan
Food giant Nestle said on Wednesday it would spend 100 million swiss francs ($103.58 million) on expanding its manufacturing footprint in China to include a...
Luckin Coffee shares crash on delisting risk
Shares in Luckin Coffee Inc slumped almost 40% to a record low in premarket trade on Wednesday, as they resumed trading after more than a...