‘All my dreams are shattered’: coronavirus crushes Asia’s garment industry
Zarchi Lwin pawned her only two gold bangles for $140 when the owner of the Myanmar factory where she sewed winter coats for British retailer...
SEC settles charges against three former KPMG auditors
The U.S. Securities and Exchange Commission (SEC) on Monday said it settled charges against three former KPMG LLP audit partners stemming from a cheating scandal...
NIBC says it will pay 2019 dividend to Blackstone to ensure acquisition
Dutch bank NIBC Holding NV said late on Monday it has agreed to pay its 2019 dividend to its proposed buyer, U.S. equity firm Blackstone...
Fan-free sports and curbside retail as California loosens coronavirus rules
Businesses in the San Francisco Bay Area may open for curbside retail and manufacturing, while fan-free professional sports events might be allowed as soon as...
Global shares, oil rally on vaccine hopes, lockdown easing
A gauge of global equity markets surged almost 3% on Monday and oil rallied to highs last seen in mid-April as data from an early-stage...
Supplier restarts flow of critical truck parts to Detroit automakers
Dana Inc , a key supplier of truck parts to Detroit automakers, restarted its Toledo plant Monday on a single shift, with one-third of its...
FCA has to strengthen investments in Italy to seek state-backed loan: Economy Minister
Italy’s Economy Minister Roberto Gualtieri on Monday said Fiat Chrysler [FCHA.MI] has to strengthen investments in Italy and avoid delocalizing its factories outside the national...
More than 8% of U.S. mortgages now in forbearance: MBA weekly survey
Roughly 4.1 million U.S. mortgage borrowers have had their payments paused or reduced as the novel coronavirus outbreak hits household finances, but the increase in...
S&P 500 hits 10-week high on vaccine hopes and stimulus promise
U.S. stocks jumped on Monday, and the S&P 500 reached a 10-week high, on encouraging early-stage data for a potential coronavirus vaccine and on the...
Oil on track for two-month high as lockdowns ease, positive vaccine results
Oil prices jumped on Monday, with both U.S. and Brent benchmarks on track for their highest settles in two months, supported by positive early results...