Category Archives: Business News

LONDON (Reuters) – Oil prices ticked up on Thursday after U.S. oil product stocks shrank, providing bulls with ammunition ahead of a meeting between OPEC producers and their allies to discuss their future output strategy. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, […]

SINGAPORE (Reuters) – Southeast Asian ride-hailing and payments firm Grab said on Tuesday it would lay off more than 300 employees due to the impact of novel coronavirus, in the latest setback to major backer SoftBank Group Corp (9984.T). FILE PHOTO: People wait for the start of Grab’s fifth anniversary news conference in Singapore June […]

FRANKFURT (Reuters) – Commerzbank (CBKG.DE) will announce “considerably” more branch closures and job cuts when it lays out its strategy review in August, a member of the bank’s supervisory board said on Monday. FILE PHOTO: A company logo is pictured at the headquarters of Germany’s Commerzbank AG during the annual results news conference in Frankfurt, […]

(Reuters) – The corporate response to a wave of protests over the treatment of African Americans has included pledges to increase diversity, donations to civil rights groups and, in some cases, changes in policies or practices long sought by critics. Here is a sampling: FILE PHOTO: Protesters rally against the death in Minneapolis police custody […]

FILE PHOTO: A woman wearing a mask walks past the headquarters of the People’s Bank of China, the central bank, in Beijing, China, as the country is hit by an outbreak of the new coronavirus, February 3, 2020. REUTERS/Jason Lee/File Photo/File Photo SHANGHAI (Reuters) – China’s central bank said on Saturday it has given American […]

LONDON (Reuters) – British Airways, easyJet (EZJ.L) and Ryanair (RYA.I) said on Friday they have begun legal action against the British government’s quarantine policy in a bid to overturn what they see as overly strict rules. FILE PHOTO: A British Airways passenger plane comes in to land at London Heathrow airport, following the outbreak of […]

FILE PHOTO: British Airways aircrafts are seen at Bournemouth International Airport in Bournemouth, following the outbreak of the coronavirus disease (COVID-19), Bournemouth, Britain, May 18, 2020. REUTERS/Matthew Childs LONDON (Reuters) – British Airways will sell at least 10 works of art from its extensive collection, a source said, to try to raise millions of pounds […]

LONDON (Reuters) – Oil fell more than 1% towards $40 a barrel on Wednesday after a report showed a rise in crude inventories in the United States, reviving concerns about oversupply and weak demand due to the coronavirus crisis. FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company […]

SYDNEY (Reuters) – Cathay Pacific Airways Ltd (0293.HK) revealed on Tuesday the Hong Kong government will lead a recapitalisation plan worth HK$39 billion ($5 billion) to help it through the coronavirus pandemic, the latest public rescue for a troubled airline. Governments around the world have been bailing out airlines amid a plunge in travel demand, […]