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Updated: 38 min 48 sec ago

HSBC revives plan for 35,000 jobs cuts delayed by pandemic

Wed, 06/17/2020 - 3:05am
HSBC is resuming a redundancy plan it put on ice after the coronavirus outbreak, and will cut around 35,000 jobs over the medium term, a memo seen by Reuters on Wednesday showed.

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

Wed, 06/17/2020 - 3:03am
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 of the coronavirus pandemic threatened to halt any recovery in demand.

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

Wed, 06/17/2020 - 1:50am
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 memo seen by Reuters on Wednesday showed.

United Airlines sweetens exit deal for flight attendants

Wed, 06/17/2020 - 1:49am
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 up" to avoid involuntary layoffs in October, according to a document seen by Reuters.

Asia stocks turn cautious on virus surge, geopolitics

Wed, 06/17/2020 - 1:24am
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 the rebound in U.S. retail sales in May broke all records.

United Airlines sweetens voluntary exit deal for flight attendants

Wed, 06/17/2020 - 12:45am
United Airlines sweetened a voluntary exit package for flight attendants and extended the application deadline, saying that while "thousands of employees" signed up, "we're finding that's not enough," according to a document seen by Reuters.

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

Wed, 06/17/2020 - 12:16am
The dollar held firm against many of its rivals on Wednesday after U.S. retail sales jumped far more than expected in May,

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

Tue, 06/16/2020 - 11:53pm
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 of the coronavirus pandemic threatened to halt any recovery of demand.

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

Tue, 06/16/2020 - 11:20pm
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 flagging a worsening COVID-19 pandemic as the biggest risk over the next six months.

Asia stocks given pause by virus surge, geopolitics

Tue, 06/16/2020 - 10:28pm
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 U.S. retail sales in May broke all records.

Dollar firm after retail sales jump fans recovery hopes

Tue, 06/16/2020 - 9:01pm
The dollar held firm against many of its rivals on Wednesday after U.S. retail sales jumped far more than expected in May, while risk-sensitive currencies were hobbled by concerns about the coronavirus and diplomatic tensions in Asia.

Oil falls on rise in U.S. crude stocks, virus resurgence fears

Tue, 06/16/2020 - 8:57pm
Oil prices retreated on Wednesday, weighed down by an increase in U.S. crude inventories and worries about a potential second wave of the coronavirus pandemic.

Asian stocks set to rise as drug trials, data push Wall Street higher

Tue, 06/16/2020 - 8:00pm
Asian stocks were set to climb on Wednesday after another late Wall Street surge in response to upbeat trial results for a COVID-19 treatment and data showing U.S. consumers spent big in May.

Senate bill aims to improve aircraft certification after 737 MAX crashes

Tue, 06/16/2020 - 7:58pm
U.S. senators introduced legislation on Tuesday that would strengthen FAA oversight of aircraft certification following fatal Boeing Co 737 MAX crashes, though a victim's father said the bill, while a positive step, "still lacks teeth."

Transparency needed to restore trust after 737 MAX crashes: FAA chief

Tue, 06/16/2020 - 7:38pm
U.S. FAA chief Steve Dickson will tell a Senate committee at a hearing on Wednesday that transparency is key to restoring public trust in the agency and planemaker Boeing Co in the wake of fatal 737 MAX crashes, according to a copy of his written testimony seen by Reuters.

Bayer scraps U.S. plans to produce crop chemical blocked by court

Tue, 06/16/2020 - 7:17pm
Bayer AG said on Tuesday it will scrap a nearly $1 billion project to produce the chemical dicamba in the United States, but said the move is unrelated to a federal court decision that blocked sales of weed killers based on the product.

Tesla signs three-year pricing deal with battery cell maker Panasonic

Tue, 06/16/2020 - 6:52pm
Tesla Inc has signed a three-year pricing deal with Japan's Panasonic Corp relating to the manufacture and supply of lithium-ion battery cells at the Gigafactory in Nevada, the electric carmaker disclosed in a filing on Tuesday.

U.S. calls bid by men to avoid extradition over ex-Nissan boss Ghosn's escape 'flawed'

Tue, 06/16/2020 - 6:43pm
U.S. prosecutors on Tuesday said a former Green Beret and his son, wanted by Japan for helping former Nissan Motor Co boss Carlos Ghosn flee the country, were advancing a "flawed" interpretation of Japanese law to fight their extradition.

Southwest extends limited seating on flights through September

Tue, 06/16/2020 - 6:14pm
Southwest Airlines Co said on Tuesday it will continue to limit bookings on its flights until at least September to maintain space between passengers.

Wall Street closes higher on signs of economic recovery

Tue, 06/16/2020 - 4:54pm
Wall Street advanced on Tuesday as the prospect of additional stimulus and a record jump in retail sales suggested the U.S. economy could bounce back sooner than expected, five months into its pandemic-inflicted recession.

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