June 9, 2020

Oil prices climb as easing of lockdowns fuels hopes for recovery in fuel demand

Oil prices rose on Tuesday, boosted by hopes for a swift recovery in fuel demand as coronavirus lockdown measures are eased across the globe, but gains […]
June 9, 2020

Exclusive: Chanel, Revlon, L’Oreal pivoting away from talc in some products

Chanel, Revlon and L’Oreal, three of the biggest brands in cosmetics, are quietly moving away from using talc in some products as U.S. cancer lawsuits and […]
June 9, 2020

Once bitten, not shy: Investors again seek margin loans as stocks rally

Global banks are seeing renewed appetite from wealth management clients to borrow money to buy stocks as markets rebound, bankers said, which comes just months after […]
June 9, 2020

Hong Kong government to lead Cathay Pacific bailout package: SCMP

Hong Kong’s government will lead a near HK$30 billion ($3.9 billion) bailout package for Cathay Pacific Airways Ltd giving it two observer seats in the boardroom, […]
June 9, 2020

Hong Kong government to lead $5 billion rescue package for Cathay Pacific

Cathay Pacific Airways Ltd announced on Tuesday a recapitalisation plan worth HK$39 billion ($5.03 billion) led by the Hong Kong government to help it weather the […]
June 9, 2020

Oil prices rise as easing of lockdowns spurs fuel demand hopes

Oil prices climbed on Tuesday as the easing of coronavirus lockdown measures across the globe lifted trader hopes for a swift recovery in demand, though gains […]
June 9, 2020

IBM exits facial recognition business, calls for police reform

International Business Machines Corp disclosed Monday it will no longer offer facial recognition or analysis software in a letter to Congress calling for new efforts to […]
June 9, 2020

China’s troubled Baoshang rescue exposes fault lines in bank reform drive

In May 2019, China’s central bank announced a shock takeover of a lender, its first such move in 20 years, citing “serious credit risks”. Creditors in […]
June 9, 2020

TSMC says planned U.S. factory in line with company’s interests

Taiwan Semiconductor Manufacturing Co Ltd’s planned factory in the United States is “definitely in line with” the company’s interests, Chairman Mark Liu told investors on Tuesday. […]
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