June 5, 2020

Airbus jetliner deliveries recover some ground in May

Airbus deliveries partially recovered ground in May compared with the previous month, but remained well below normal levels after falling dramatically due to the coronavirus crisis, […]
June 5, 2020

Canada gains surprise 289,600 jobs in May, jobless rate hits record

Canada unexpectedly gained 289,600 jobs in May even as the jobless rate hit a record high at 13.7%, data showed on Friday, buoyed by the loosening […]
June 5, 2020

Nasdaq closes in on record high after surprise jobs report

A stunning U.S. jobs report on Friday put the Nasdaq within striking distance of its record high as investors flocked back to riskier assets on hopes […]
June 5, 2020

UBS and Bank of America units clear ECB stress test

An asset quality review and a stress test on subsidiaries of UBS and Bank of America revealed no capital shortfall, the European Central Bank said on […]
June 5, 2020

LVMH backs down on renegotiating Tiffany deal, sources say

French luxury goods giant is not asking to renegotiate its $16.2-billion acquisition of U.S. jewelry chain Tiffany & Co after deliberating whether to do so, people […]
June 5, 2020

U.S. labor market unexpectedly improves, but recovery expected to be a slog

The U.S. economy unexpectedly added jobs in May after suffering record losses in the prior month, offering the clearest signal yet that the downturn triggered by […]
June 5, 2020

Wall Street jumps after surprise job additions in May

U.S. stock indexes jumped on Friday, with the Nasdaq Composite less than 1% away from a record high, after a closely watched report showed surprise job […]
June 5, 2020

Volkswagen board to review internal probe into racist car ad

Volkswagen has completed an internal report into how it came to publish a racist advert, the German carmaker said on Friday, adding that its findings will […]
June 5, 2020

Surprise May U.S. payrolls rise fans hopes for economic recovery

The U.S. unemployment rate unexpectedly fell in May and layoffs abated, the Labor Department said on Friday in a report that showed the latest signs the […]
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