FRANKFURT (Reuters) – Ailing conglomerate Thyssenkrupp (TKAG.DE) on Thursday said some businesses were stabilising in the current quarter after suffering a heavy blow due to the coronavirus pandemic. The group said its fiscal third-quarter adjusted operating loss from continuing operations,
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Exclusive: China pushes First Capital merger in drive to take on Wall Street
HONG KONG (Reuters) – China plans to merge domestic broker First Capital Securities (002797.SZ) with smaller rival Capital Securities, three sources said, underscoring Beijing’s determination to consolidate the brokerage industry to take on the giants of Wall Street. China wants
Asian stocks set to track Wall Street's defiant rally
BOSTON (Reuters) – Asian stocks were set for broad gains on Thursday after Wall Street’s S&P 500 index briefly touched record highs, as investors appeared to shrug off worries about stalled U.S. stimulus talks and a shaky economic recovery. Australian
Fed policymakers say economic growth will be muted until virus contained
(Reuters) – The U.S. economic recovery will be slow until the coronavirus is under control, and Americans will have to manage life with the virus for at least the next several months, three Federal Reserve policymakers said on Wednesday. After
White House, congressional Democrats trade blame over coronavirus aid deadlock
WASHINGTON (Reuters) – One of President Donald Trump’s top negotiators with congressional Democrats on U.S. coronavirus aid on Wednesday tried to shift blame for a five-day lapse in talks back on House of Representatives Speaker Nancy Pelosi. Treasury Secretary Steven
Ticking time bomb? Thousands of Australia mortgages propped up by Covid-19 benefits
SYDNEY (REUTERS) – Nearly 20,000 Commonwealth Bank of Australia (CBA) mortgages are held by people receiving jobless benefits due to Covid-19, raising concerns for the economy of possible forced property sales and sharp house price declines once support runs out.
Coronavirus: UK to nosedive into recession after COVID-19 triggers record slump
Britain is to be officially declared in recession for the first time since the financial crash with figures set to show the COVID-19 crisis triggered a record economic slump. The dramatic 21% downturn between April and June – the worst
Adidas has seen no impact on sales from race row: CEO
BERLIN (Reuters) – Adidas (ADSGn.DE) has seen no impact on its sales from employee complaints over racism at the German sportswear company that led to the departure of its human resources boss, Chief Executive Kasper Rorsted said on Tuesday. Karen
Oil edges higher on hopes for U.S. stimulus, demand recovery
SINGAPORE (Reuters) – Crude oil gained more ground on Tuesday, with prices underpinned by expectations of U.S. stimulus and a rebound in Asian demand as economies reopen. Brent crude LCOc1 added 22 cents, or 0.5%, to $45.21 a barrel, as
Asian stocks set for cautious start amid renewed U.S.-China tensions
BOSTON (Reuters) – Asian stocks were set for a cautious start on Tuesday, following a mixed Wall Street session and as investors eyed stalled U.S. stimulus efforts and worsening strains between Washington and Beijing over Hong Kong. Australian S&P/ASX 200