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Business News

Business News

Tesla wants to start building a new U.S. vehicle plant this summer

June 18, 2020 - by admin - Leave a Comment

FILE PHOTO: The Tesla factory is seen in Fremont, California, U.S. June 22, 2018. REUTERS/Stephen Lam DETROIT (Reuters) – Electric vehicle maker Tesla Inc (TSLA.O) wants to start building a …

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Business News

Amazon to hire 3,000 people in South Africa for customer service roles

June 18, 2020 - by admin - Leave a Comment

FILE PHOTO – A view of the Amazon logistic center with the company’s logo in Dortmund, Germany November 14, 2017. REUTERS/Thilo Schmuelgen/File Picture JOHANNESBURG (Reuters) – Amazon.com Inc (AMZN.O) is …

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Business News

Global stocks retreat on rising second wave fears

June 18, 2020 - by admin - Leave a Comment

TOKYO/WASHINGTON (Reuters) – Asian stocks and Wall Street futures fell on Wednesday as spiking coronavirus cases in some U.S. states and China crushed hopes of a quick global economic comeback …

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U.S. House panel debating $494 billion infrastructure measure

June 17, 2020 - by admin - Leave a Comment

FILE PHOTO: An aerial photo shows the University Bridge at left and the Ship Canal Bridge I-5 heading into downtown Seattle in Seattle, Washington, U.S. March 21, 2019. REUTERS/Lindsey Wasson …

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Business News

Lufthansa warns its $10 billion bailout deal is in jeopardy

June 17, 2020 - by admin - Leave a Comment

FRANKFURT (Reuters) – German airline Lufthansa (LHAG.DE) warned on Wednesday that it might need to apply for protection from creditors if its state-backed bailout deal failed to win sufficient support …

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Business News

Asia stocks given pause by virus surge, geopolitics

June 17, 2020 - by admin - Leave a Comment

SYDNEY (Reuters) – Asian share markets took a breather on Wednesday as a resurgence of coronavirus cases challenged market confidence in a rapid economic recovery, even as the rebound in …

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Business News

Ex-Tommy Hilfiger boss Grieder to become new Hugo Boss CEO

June 16, 2020 - by admin - Leave a Comment

FILE PHOTO: The logo of German fashion company Hugo Boss is seen at a store in Vienna, Austria, November 23, 2016. REUTERS/Leonhard Foeger/File Photo FRANKFURT (Reuters) – German fashion house …

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Business News

Cerberus vows no let up in push for change at Commerzbank

June 16, 2020 - by admin - Leave a Comment

FRANKFURT (Reuters) – Cerberus will use “alternative paths” to force leadership change at Commerzbank (CBKG.DE) if it continues to resist calls to reform, the activist investor said in a letter …

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Business News

Two former Pinterest policy employees say they faced racism at work

June 16, 2020 - by admin - Leave a Comment

FILE PHOTO: A guest hold up a phone during the Pinterest Inc. IPO on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 18, 2019. …

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Business News

Wall Street jumps on Fed’s corporate bond purchase announcement

June 15, 2020 - by admin - Leave a Comment

NEW YORK (Reuters) – Wall Street jumped on Monday following an announcement by the U.S. Federal Reserve regarding its corporate bond purchasing program that boosted investor confidence, which had been …

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  • Dollar’s bounce fades as risk appetite rises By Reuters
  • ECB to delve into what ‘favourable financing’ means as questions mount: sources By Reuters
  • U.S. Business Activity Quickens to Start 2021, IHS Markit Says
  • Toshiba regains Tokyo exchange’s top category amid calls for better governance By Reuters
  • Chinese made wood moldings, millwork harm U.S. industry: U.S. ITC By Reuters
  • Brazil’s top exchange announces international expansion after raising $38M By Cointelegraph
  • Refinitiv Reports Slight Drop in FX Volumes as Year-End Lull Weighs
  • Dollar to Snap Two-Week Win Streak, but Set for Short-Term Respite By Investing.com
  • Vowing budget control, Brazil faces pressure to keep spending By Reuters
  • Yellen wins unanimous Senate panel vote for Treasury despite Republican tax, debt concerns

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