Australia to outline economic recovery plans as lockdowns ease

SYDNEY (Reuters) – Australian Prime Minister Scott Morrison will on Tuesday outline his government’s plans to revive the sputtering economy, but is expected to warn a recovery will take between three to five years. Australia has reported just over 7,100

Toyota prepping for gradual re-start in Mexico: spokesman

MEXICO CITY (Reuters) – Toyota Motor Corp’s Mexico unit is in a preparation phase for the gradual re-start of its operations in the states of Baja California and Guanajuato, a spokesman told Reuters on Monday. “This stage includes the implementation

EMERGING MARKETS-Latam FX, stocks rally on economic recovery hopes

By Susan Mathew May 25 (Reuters) – Latin American currencies firmed on Monday on hopes of an economic recovery as more economies emerged from pandemic-induced lockdowns, although simmering U.S.-China trade tensions tempered risk appetite. Brazil’s real surged 2.1%, extending gains

LVMH's Arnault to buy stake in Lagardere holding company

PARIS (Reuters) – Bernard Arnault, the billionaire behind luxury fashion group LVMH (LVMH.PA), has agreed to buy a stake in the holding company of fellow French billionaire Arnaud Lagardere, according to the holding companies of the two men. Lagardere’s eponymous

Chile’s healthcare system ‘very close to the limit’

The coronavirus pandemic has pushed Chile’s healthcare system “very close to the limit”, according to President Sebastián Piñera. “We are very conscious of the fact that the health system is under a lot of pressure,” he said on Sunday. Almost