June 1, 2020

Stocks scale 3-month peak, dollar sags on reopening joy

World stocks were just shy of three-month highs and the dollar weakened further on Monday as optimism on economies opening up boosted risk appetite, shrugging off […]
June 1, 2020

Emirates president says could take four years to rebuild network from virus hit

Emirates President Tim Clark said on Monday it could take the airline four years to rebuild its network that has been decimated by the coronavirus pandemic. […]
June 1, 2020

Worst may be over for euro zone factories, recovery to be slow: PMI

Euro zone manufacturers appear to have passed their nadir, a survey showed on Monday, but activity is still contracting sharply as government-imposed lockdowns due to the […]
June 1, 2020

Buyout funds launch $3 billion bid for Spain’s MasMovil

Buyout funds KKR , Cinven and Providence have mounted a friendly bid to pay up to 2.96 billion euros ($3.30 billion) for Spain’s MasMovil , the […]
June 1, 2020

Hyundai Motor’s May sales fall sharply year-on-year on COVID-19 impact

South Korea’s Hyundai Motor Co said on Monday its provisional May sales fell 39% year-on-year to 217,510 vehicles globally, as the coronavirus outbreak continued to hit demand […]
June 1, 2020

Oil prices edge up ahead of upcoming OPEC+ meeting

Oil prices were little changed on Monday, with the Organization of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this week to discuss whether […]
June 1, 2020

Analysts’ View: Impact of the U.S. protests on financial markets

National Guard troops have been deployed in 15 U.S. states and the U.S. capital after five nights of violence and destruction that began with peaceful protests […]
June 1, 2020

Workers nervously eye return to Lear’s coronavirus-hit plant in Mexico

Lear Corp is implementing costly safety measures that may hurt productivity at its operations in Mexico after suffering the deadliest known factory-related coronavirus outbreak in the […]
June 1, 2020

Asia’s factory pain worsens as China’s recovery fails to lift demand

Asia’s factory pain deepened in May as the slump in global trade caused by the coronavirus pandemic worsened, with export powerhouses Japan and South Korea suffering […]
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