June 3, 2020

U.S. factory orders extend decline in April

New orders for U.S.-made goods plunged in April and business spending plans on equipment were much weaker than initially thought, suggesting business investment remained depressed early […]
June 3, 2020

Wall Street gains on Boeing, recovery hopes

A jump in Boeing shares lifted Wall Street on Wednesday, with investors remaining optimistic about an economic rebound from a coronavirus-led slump amid continuing social unrest […]
June 3, 2020

Exclusive: Trump administration to bar Chinese passenger carriers from flying to U.S.

President Donald Trump’s administration said on Wednesday it will bar Chinese passenger carriers from flying to the United States starting on June 16 as it pressures […]
June 3, 2020

Airbus jobs on wire as underlying output falls 40%: sources

Airbus is looking to hold underlying jet output at 40% below pre-pandemic plans for two years, an approach which adds new pressure to cut thousands of […]
June 3, 2020

Coty in talks to collaborate with Kim Kardashian for cosmetics line

Coty Inc is in talks with reality TV star Kim Kardashian West over a potential collaboration for a beauty line, the cosmetics maker disclosed in a […]
June 3, 2020

Saudi, Russia reach deal on oil cuts, raising pressure on laggards

OPEC leader Saudi Arabia and non-OPEC Russia have agreed a preliminary deal to extend existing record oil production cuts by one month while raising pressure on […]
June 3, 2020

Lufthansa expects significantly larger loss in second quarter

Lufthansa expects a significantly larger loss in the second quarter of this year, the airline group’s finance chief said on Wednesday. Powered by WPeMatico
June 3, 2020

Oil falls from $40 on doubts over early OPEC meeting

Oil fell after touching its highest since March at more than $40 a barrel on Wednesday, pressured by doubts that an early meeting of OPEC and […]
June 3, 2020

Global shares hit 3-month highs on economic recovery hopes

World shares hit three-month highs on Wednesday and the dollar fell for the sixth day running as easing lockdowns and hopes for more monetary stimulus gave […]
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