[ad_1] LONDON/SYDNEY (Reuters) – Europe’s shares added to their best gains in almost a month as safety plays lost their lustre on Wednesday, with hopes of a rapid economic recovery standing firm against a resurgence
Britain fines Commerzbank $47 million for poor controls
[ad_1] FILE PHOTO: A company logo is pictured at the headquarters of Germany’s Commerzbank AG during the annual results news conference in Frankfurt, Germany, February 13, 2020. REUTERS/Ralph Orlowski/File Photo LONDON (Reuters) – Britain’s financial
Saudi Aramco completes $69 billion SABIC stake deal, extends schedule
[ad_1] RIYADH/DUBAI (Reuters) – Saudi Aramco (2222.SE) has completed its purchase of a 70% stake in petrochemicals company Saudi Basic Industries (2010.SE) for $69.1 billion and extended the payment period by three years to 2028,
HSBC revives plan for 35,000 jobs cuts delayed by pandemic
[ad_1] LONDON (Reuters) – HSBC is resuming a redundancy plan it put on ice after the coronavirus outbreak, and will cut around 35,000 jobs over the medium term, a memo seen by Reuters on Wednesday
Oil falls as U.S. crude stocks build amid virus resurgence fears
[ad_1] SEOUL (Reuters) – Oil prices declined on Wednesday as data showed an increase in U.S. crude and fuel inventories, raising the prospect of oversupply as a potential second wave of the coronavirus pandemic threatened
Gold steady as virus cases mount; firm dollar caps gains
[ad_1] (Reuters) – Gold prices held steady on Wednesday, supported by concerns stemming from a surge in coronavirus infections in Beijing, while hopes for a potential COVID-19 drug and a stronger U.S. dollar limited bullion’s
HSBC resumes cutting around 35,000 jobs – memo
[ad_1] FILE PHOTO: HSBC logo is seen in the financial district in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid/File Photo LONDON (Reuters) – HSBC is resuming a massive redundancy plan it had put on
Why some black-owned U.S. businesses are hardest hit by coronavirus shutdowns
[ad_1] WASHINGTON/NEW YORK (Reuters) – After 15 years working as a hair stylist in other people’s salons, Gary Connell opened his “Healthy Hair” studio in Montgomery County, Maryland in early March, sinking his savings into
Asian business sentiment plunges to record low on virus effect – Thomson Reuters/INSEAD survey
[ad_1] SINGAPORE (Reuters) – Business sentiment of Asian companies sank to an 11-year low in the second quarter, a Thomson Reuters/INSEAD survey found, with some two-thirds of the firms polled flagging a worsening COVID-19 pandemic
Japan’s exports fall most since 2009 as virus hits U.S. shipments
[ad_1] TOKYO (Reuters) – Japan’s exports fell in May at the fastest pace since the 2009 global financial crisis as U.S.-bound car shipments plunged, bolstering expectations for a deep contraction in the world’s third-largest economy