Exclusive: Europe nears crisis plan for public stakes in key companies – sources
EU officials are seeking to finalise a plan for public stakes to be taken in key European companies to shield them from the economic fallout...
Mexico revs up car industry from Monday, along with mining
Mexico could begin opening some automotive factories from May 18 under a government plan unveiled on Wednesday that loosens coronavirus restrictions and paves the way...
S&P 500, Dow slip after Powell’s somber outlook on economy
The S&P 500 and Dow slipped on Wednesday as Federal Reserve Chairman Jerome Powell warned of an extended period of weak growth and stagnant incomes,...
Wall Street bonuses set to fall by as much as 30% in 2020: report
Wall Street bonuses for 2020 could fall by as much as 25%-30% due to the deep cuts to revenues recorded by banks and hedge funds...
OPEC slashes oil demand forecast but sees cuts helping restore balance
OPEC on Wednesday again slashed its forecast for global oil demand this year as the coronavirus outbreak causes a global recession, although it said record...
Jersey jackpot of $2 million awaits Deutsche’s lost shareholders
While Deutsche Bank employees fret about their jobs and pay, Germany’s largest lender is trying to track down several hundred former staff to claim share...
S.Korean shoppers go the distance to beat Chanel price hike
More than a hundred shoppers waited in line outside a Chanel store in Seoul on Wednesday, shrugging off concerns about a second wave of coronavirus...
Over 300 lawmakers worldwide urge IMF, World Bank to cancel poor countries’ debt
Over 300 lawmakers from around the world on Wednesday urged the International Monetary Fund and World Bank to cancel the debt of the poorest countries...
Tesla, county reach deal to allow automaker to reopen U.S. plant next week
Tesla Inc and officials in California have resolved their acrimonious clash over safety procedures at the automaker’s sole U.S. assembly plant with a deal that...
Chanel says increasing prices on handbags, small leather goods
French luxury house Chanel said on Wednesday it was increasing prices on its handbags and some small leather goods worldwide to take into account a...