Euro, Italian bonds cheer EU recovery fund plan

LONDON (Reuters) – The euro and Italian government bonds continued on Tuesday to cheer German- and French-led plans for a 500 billion euro EU coronavirus recovery fund, though stock markets were suffering from fatigue after their best day in months.

Global shares, oil rally on vaccine hopes, lockdown easing

NEW YORK (Reuters) – 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 trial for a coronavirus vaccine lifted hopes of a faster recovery

GM instructs Mexican suppliers to prepare to resume operations

(Reuters) – The president of General Motors Co’s (GM.N) Mexican unit advised suppliers to prepare to resume operations after the Mexican government said the automotive industry could exit the coronavirus lockdown before June 1 with adequate safety measures. “We are

Asia shares follow S&P 500 higher, oil and gold jump

SYDNEY (Reuters) – Asian shares were led higher by S&P 500 futures on Monday and oil prices hit a five-week peak as countries’ efforts to re-open their economies stirred hopes the world was nearer to emerging from recession. Summer weather

U.S. expected to revise PPP aid program for small businesses: WSJ

(Reuters) – The United States is expected to revise its aid program for small businesses to cope with the economic fallout of the coronavirus outbreak, the Wall Street Journal reported on Sunday. The changes to the Paycheck Protection Program (PPP)

Shooters Grill in Rifle has food license suspended, owner says

The owner of Shooters Grill in Rifle — who opened her restaurant in defiance of Gov. Jared Polis’s safer-at-home order and continued to operate after her own county’s cease-and-desist order — says Garfield County has now suspended her food license.

Italian PM Conte says Fiat Chrysler entitled to seek state-backed loan

MILAN (Reuters) – Italian Prime Minister Giuseppe Conte said on Saturday that Fiat Chrysler Automobiles NV (FCA) (FCHA.MI) was entitled to apply for Italy’s state guarantees on loans as the automaker employed thousands of people in the country, even though

Coronavirus sinks U.S. retail sales again in April

WASHINGTON (Reuters) – U.S. retail sales endured a second straight month of record declines in April as the novel coronavirus pandemic kept Americans at home, putting the economy on track for its biggest contraction in the second quarter since the