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Updated: 4 years 23 weeks ago
UPDATE 1-France presents aid package to 'save' aerospace industry
France launched what it said was a
15 billion euro ($17 billion) rescue plan for its aerospace
industry on Tuesday, warning 100,000 jobs were directly at stake
due to the coronavirus crisis travel slump.
Categories: Business News
MORNING BID-Taking a breather?
(A look at the day ahead from Karin Strohecker, chief
correspondent, emerging markets. The views expressed are her
own.)
The equity rally fuelled by optimism over economic recovery from
the coronavirus pandemic looks like it might be losing some
steam, despite more good news from some key financial centres.
Categories: Business News
German freight tech start-up Sennder merges with France's Everoad
German freight technology firm
Sennder said on Tuesday it was merging with French peer Everoad
in a deal that keeps it on track for its target of 1 billion
euros ($1.1 billion) in revenue by 2024.
Categories: Business News
EXPLAINER-What are antibody therapies and who is developing them for COVID-19?
While some potential vaccines
have emerged in the global race to find a way to stop the spread
of COVID-19, many scientists and researchers believe antibody
based therapies hold great promise for treating people already
infected with the disease.
Categories: Business News
UK tourism group says government plans to open travel corridors from June 29
Travel corridors allowing
unrestricted movement between Britain and some other countries
will open from June 29, a UK tourism lobby group said on
Tuesday, citing assurances it said it had received from senior
government sources.
Categories: Business News
UPDATE 1-UK Stocks-Factors to watch on June 9
Britain's FTSE 100 index is seen opening 6 points
higher at 6,478 on Tuesday, according to financial bookmakers, with futures up
0.02% ahead of cash markets open.
Categories: Business News
UK Stocks-Factors to watch on June 9
Britain's FTSE 100 index is seen opening 6 points
higher at 6,478 on Tuesday, according to financial bookmakers.
* BARCLAYS: British businesswoman Amanda Staveley's private equity firm told
London's High Court on Monday it had received a "substantially worse" deal than
Qatar when its syndicate invested billions of pounds in Barclays during
the financial crisis in 2008.
* SHELL: Royal Dutch Shell PLC said it will restart drilling and
begin redeploying some non-essen
Categories: Business News
PRESS DIGEST -Wall Street Journal - June 9
The following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
Categories: Business News
TSMC says still in talks about subsidies for new U.S. plant
Taiwan Semiconductor
Manufacturing Co Ltd (TSMC) is still in talks with the
U.S. government about subsidies for its new plant in Arizona,
chairman Mark Liu said on Tuesday.
Categories: Business News
REFILE-UPDATE 1-Chinese telecom firms urge FCC not to revoke ability to operate in U.S.
The U.S. units of China
Telecom Corp’s and China Unicom urged the
Federal Communications Commission (FCC) not to revoke the
company's nearly two-decade old authorization to provide
international telecommunications services to and from the United
States.
Categories: Business News
Morning News Call - India, June 9
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FACTORS TO WATCH
11:00 am: Finance Minister Nirmala Sitharaman to hold video conference with
heads of state-run banks to review credit flow in New Delhi.
12:30 pm: ICRA webinar on the Indian
Categories: Business News
UPDATE 1-TSMC says could fill order gap if unable to sell chips to Huawei
Taiwan Semiconductor
Manufacturing Co Ltd (TSMC) could quickly fill the
order gap created by the inability to sell to Huawei's
HiSilicon chip division due to U.S. restrictions, the company's
chairman said on Tuesday.
Categories: Business News
UPDATE 1-Online used car seller Vroom raises $467.5 mln in upsized U.S. IPO
Online used car seller Vroom Inc raised
$467.5 million in its U.S. initial public offering, the company
said on Monday, as the IPO market picks up momentum after the
COVID-19 pandemic placed many debuts on hold.
Categories: Business News
GLOBAL MARKETS-Asia stocks extend rally as economic recovery hopes boost confidence
Categories: Business News
UPDATE 1-IBM exits facial recognition business, calls for police reform
International Business
Machines Corp disclosed Monday it will no longer offer
facial recognition or analysis software in a letter to Congress
calling for new efforts to pursue justice and racial equity, new
Chief Executive Officer Arvind Krishna said.
Categories: Business News
UPDATE 1-California says movie theaters can reopen by Friday with crowd limits
Movie theaters can reopen in
California as early as Friday if they receive approval from
local officials, limit attendance and impose other safeguards to
prevent the spread of the novel coronavirus, the state's health
department said on Monday.
Categories: Business News
TSMC says planned U.S. factory in line with company's interests
Taiwan Semiconductor
Manufacturing Co Ltd's planned factory in the United
States is "definitely in line with" the company's interests,
Chairman Mark Liu told investors on Tuesday.
Categories: Business News
Alibaba says cloud unit to recruit 5,000 staff globally this financial year
Alibaba Group said its
cloud unit aims to recruit 5,000 staff globally from now until
the end of this financial year, in areas including network,
database, servers, chips and artificial intelligence, it said in
a statement on Tuesday.
Categories: Business News