June 10, 2020

U.S. banks prepare branches for gradual post-coronavirus re-opening

U.S. banks have been stocking up on masks and other supplies and setting up acrylic barriers to prevent spreading the novel coronavirus as they ready their […]
June 10, 2020

Adidas pledges to hire more black and Latino staff

German sportswear brand Adidas has pledged to invest $20 million in the black community in the United States and make sure that at least 30% of […]
June 10, 2020

Carmakers must overhaul production plans to hit climate goals: report

The world’s 14 biggest carmakers are on course to miss globally agreed climate targets, a leading sustainable finance think tank said on Wednesday, urging investors to […]
June 10, 2020

Futures steady as investors await Fed’s economic outlook

The S&P 500 and Dow futures ticked lower on Wednesday as investors stayed on the sidelines ahead of the Federal Reserve meeting that could shed further […]
June 10, 2020

Cerberus demands changes at ‘disastrous’ Commerzbank

U.S. activist investor Cerberus is calling on Commerzbank to appoint two of its nominees to the supervisory board, cut costs and adopt a new strategy, as […]
June 10, 2020

Finnair seeks 500 million euros from shareholders to cope with crisis

Finnair launched a share sale on Wednesday to raise 500 million euros ($568 million) from its existing investors, almost as much as its current market value […]
June 10, 2020

Oil falls towards $40 as U.S. inventory rise revives glut worries

Oil fell more than 1% towards $40 a barrel on Wednesday after a report showed a rise in crude inventories in the United States, reviving concerns […]
June 10, 2020

Explainer: How will Britain pay for coronavirus borrowing?

British government borrowing is soaring to levels not seen since World War Two, something Prime Minister Boris Johnson and his finance minister Rishi Sunak will try […]
June 10, 2020

Fed easing speculation keeps dollar under pressure

The euro held below a three-month high against the dollar amid speculation the U.S. Federal Reserve might announce more steps to check a recent rise in […]
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