June 4, 2020

Amid pandemic, investors bet on India’s Jio and its giant-killer playbook

From its Silicon Valley-like campus near Mumbai, Indian billionaire Mukesh Ambani’s Jio telecom carrier is emerging as a winner from changes in the way Indian consumers […]
June 4, 2020

Asian shares hit two-month high as economic optimism spreads

Asian shares rose to a two-month high on Thursday as government stimulus expectations supported investor confidence in an economic recovery from the global coronavirus pandemic. Powered […]
June 3, 2020

Amazon leases 12 aircraft to bolster air cargo fleet

Amazon.com Inc said on Wednesday it leased 12 Boeing 767-300 converted cargo aircraft from Air Transport Services Group Inc , bringing its total fleet to more […]
June 3, 2020

Uber signals recovery in rides as lockdown restrictions ease

Uber Technologies Inc said on Wednesday trip requests were gradually picking up, but still remained significantly below prior year levels, as several countries start to lift […]
June 3, 2020

Shares, euro climb on robust risk appetite as lockdowns ease

Global equity markets rallied and the euro rose against the dollar on Wednesday, both for a seventh straight session, indicating strong risk appetite as easing lockdowns […]
June 3, 2020

Wall Street closes sharply higher on signs of economic rebound

Wall Street rallied broadly on Wednesday with the Nasdaq approaching record highs as signs of an economic recovery from mandated shutdowns helped investors look beyond U.S. […]
June 3, 2020

U.S. House panel says opposes any U.S. trade deal with Brazil

The U.S. House Ways and Means Committee said on Wednesday it opposed the Trump administration’s plan to expand economic ties to Brazil under the leadership of […]
June 3, 2020

Bacardi family member fights for reshuffle at spirits group

Monika Bacardi, a member of the family owning the maker of the eponymous rum, said her Liechtenstein-based trust was blocking her attempt to reshuffle the management […]
June 3, 2020

LVMH’s Arnault mulls ways to renegotiate deal with Tiffany: sources

LVMH CEO Bernard Arnault is exploring ways to reopen negotiations on the French luxury goods giant’s $16.2 billion acquisition of U.S. jewelry chain Tiffany & Co […]
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