May 29, 2020

Asian stocks slip as markets await Trump’s Hong Kong response

Asia’s stock markets pulled back and major currencies were held in check on Friday, as investors await the U.S. response to China tightening control over the […]
May 29, 2020

Travel disruptions, cost cutting key issues for U.S. business in China: report

Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the fallout of the COVID-19 […]
May 29, 2020

Volkswagen agrees to buy 50% of EV partner JAC’s parent company

Anhui Jianghuai Automobile Group (JAC Motors) said on Friday that German automaker Volkswagen AG agreed to buy 50% of its parent company Anhui Jianghuai Automobile Group […]
May 29, 2020

Los Angeles union, joined by ‘Pandemic Pig,’ demands meatpacking plant closure

The union representing workers at a meatpacking plant near Los Angeles where at least 153 employees have come down with COVID-19 called on Thursday for the […]
May 29, 2020

Oil prices fall as U.S. fuel demand remains weak

Oil prices edged lower on Friday after U.S. inventory data showed lacklustre fuel demand in the world’s largest oil consumer while worsening U.S.-China tensions weighed on […]
May 28, 2020

Exclusive: Argentina says new debt revamp proposal in right direction, still falls short

Argentina’s economy minister said on Friday that a newly received debt restructuring proposal from two creditor groups was a step in the right direction, but still […]
May 28, 2020

California regulator approves PG&E’s Chapter 11 reorganization plan

Power regulator California Public Utilities Commission (CPUC) has approved PG&E Corp’s Chapter 11 reorganization plan, the San Francisco-based utility company said on Thursday. Powered by WPeMatico
May 28, 2020

Sainsbury’s new boss Roberts faces unexpected in-tray

When Sainsbury’s new boss Simon Roberts hosts a virtual focus group with supermarket shoppers on his first day in charge on Monday, the conversation will be […]
May 28, 2020

Costco profit falls on coronavirus-related costs

Costco Wholesale Corp reported a 7.5% fall in quarterly profit on Thursday, as it spent more on wages and sanitizing its warehouse clubs and halted sales […]
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