May 4, 2020

Global shares fall on U.S.-Sino spat but Wall Street rebounds

The dollar rose on risk aversion and global stock markets fell on Monday as U.S.-Chinese bickering over the origin of the coronavirus outbreak sparked fear of […]
May 4, 2020

AIG quarterly profit nosedives as COVID-19 claims loom

Insurer American International Group Inc on Monday posted a 93% drop in quarterly adjusted profit, as it set aside money to cover claims related to the […]
May 4, 2020

Air France-KLM union tensions surface in bailout’s wake

Air France-KLM’s French unions on Monday criticised calls by their Dutch counterparts for KLM to be given greater autonomy, amid signs that a multibillion-euro coronavirus bailout […]
May 4, 2020

U.S. SEC eases crowdfunding rules for firms due to coronavirus disruption

The U.S. Securities and Exchange Commission (SEC) on Monday said it would provide relief to smaller firms seeking to raise capital via online platforms to meet […]
May 4, 2020

Coronavirus will constrain U.S. meat supply despite Trump order: Tyson Foods

The coronavirus crisis will continue to idle U.S. meat plants and slow production, Tyson Foods Inc said on Monday, signaling more disruptions to the U.S. food […]
May 4, 2020

Oil up 3% as countries ease lockdowns, production falls

Oil was up 3% on Monday as more countries announced they would begin easing coronavirus lockdowns and as crude supply cuts by the world’s top producing […]
May 4, 2020

France deals blow to Amazon as warehouses remain shut

France has rejected a request from e-commerce giant Amazon to tap a state-funded scheme to subsidise furloughed employees at its six closed warehouses in the country. […]
May 4, 2020

Massive U.S. stock bounce stokes doubts, provokes bears

Investors are treating the U.S. equity market’s blistering rally with a dose of caution, socking away cash, staying on the sidelines or buying insurance against a […]
May 4, 2020

J. Crew files for bankruptcy as preppy retailer succumbs to COVID-19 fallout

J. Crew Group Inc filed for bankruptcy protection on Monday with a plan to hand over control to lenders, adding to a list of brick-and-mortar retailers […]
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