Hit by COVID-19, Thyssenkrupp sees early signs of stabilisation

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,

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

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