June 17, 2020

HSBC revives 35,000 job cut plan after pandemic pause

HSBC is resuming plans to cut around 35,000 jobs which it put on ice after the coronavirus outbreak, as Europe’s biggest bank grapples with the impact […]
June 17, 2020

Dollar treads water on Fed views, geopolitics

The dollar was little changed on Wednesday after U.S. retail sales rose more than expected in May, although caution kept investors from aggressively buying riskier currencies […]
June 17, 2020

Oil falls as U.S. crude stocks build amid virus resurgence fears

Oil prices declined on Wednesday as data showed an increase in U.S. crude and fuel inventories, raising the prospect of oversupply as a potential second wave […]
June 17, 2020

HSBC revives plan to axe 35,000 jobs, memo shows

HSBC is resuming a massive redundancy plan it had put on ice after the coronavirus outbreak, and will cut 35,000 jobs over the medium term, a […]
June 17, 2020

United Airlines sweetens exit deal for flight attendants

United Airlines sweetened on Tuesday a voluntary exit package for flight attendants and extended the application deadline, saying it needed “a lot more people to sign […]
June 17, 2020

Asia stocks turn cautious on virus surge, geopolitics

Asian share markets took a cautious turn on Wednesday as a resurgence of global coronavirus cases challenged market confidence in a rapid economic recovery, even as […]
June 17, 2020

Dollar firm after U.S. retail sales jump, risk currencies softer

The dollar held firm against many of its rivals on Wednesday after U.S. retail sales jumped far more than expected in May, Powered by WPeMatico
June 17, 2020

Oil slumps as U.S. crude stocks build amid virus resurgence fears

Oil prices fell on Wednesday as data showed an increase in U.S. crude and fuel inventories, raising the prospect of oversupply as a potential second wave […]
June 17, 2020

Asian business sentiment plunges to record low on virus effect: Thomson Reuters/INSEAD survey

Business sentiment of Asian companies sank to an 11-year low in the second quarter, a Thomson Reuters/INSEAD survey found, with some two-thirds of the firms polled […]
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