Wall Street gains on Boeing boost, recovery hopes
A jump in Boeing shares lifted Wall Street on Wednesday, with investors remaining optimistic about an economic rebound from a coronavirus-led slump amid continuing social unrest in the country.
LVMH’s Arnault mulls ways to renegotiate deal with Tiffany: sources
LVMH CEO Bernard Arnault is exploring ways to reopen negotiations on the French luxury goods giant’s $16.2 billion acquisition of U.S. jewelry chain Tiffany & Co , as U.S. social unrest and the coronavirus pandemic weigh on the retail sector, people familiar with the matter said on Wednesday.
Trump administration to bar Chinese passenger carriers from flying to U.S.
President Donald Trump’s administration on Wednesday barred Chinese passenger carriers from flying to the United States starting on June 16 as it pressures Beijing to let U.S. air carriers resume flights amid simmering tensions between the world’s two …
Global shares, euro climb on robust risk appetite as lockdowns ease
A gauge of global equity markets rose and the euro gained against the dollar on Wednesday, both for a seventh session, in signs of strong risk appetite as easing lockdowns and hopes for more monetary stimulus boosted investor confidence.
Deutsche Bank faces action from NY regulators over Epstein ties: sources
Deutsche Bank could face enforcement action by New York regulators investigating its ties to the late U.S. financier and accused sex offender Jeffrey Epstein, two sources familiar with the investigation told Reuters on Wednesday.
France nears 1-billion-euro crisis fund for aero suppliers: sources
French government and industry officials are negotiating a 1-billion-euro, privately led investment fund for small aerospace suppliers in which major manufacturers could invest 200 million euros, people familiar with the proposals said on Wednesday.
SoftBank launches $100 mln fund investing in ‘people of colour’
SoftBank Group Corp is launching a $100 million fund to invest in “companies led by founders and entrepreneurs of colour”, in the latest corporate action as protests roil the United States.
Apple must face U.S. shareholder lawsuit over CEO’s iPhone, China comments
A federal judge said Apple Inc must face part of a lawsuit claiming it fraudulently concealed falling demand for iPhones, especially in China, leading to tens of billions of dollars in shareholder losses.
U.S. factory orders extend decline in April
New orders for U.S.-made goods plunged in April and business spending plans on equipment were much weaker than initially thought, suggesting business investment remained depressed early in the second quarter amid the COVID-19 pandemic.
Airbus jobs on wire as underlying output falls 40%: sources
Airbus is looking to hold underlying jet output at 40% below pre-pandemic plans for two years, an approach which adds new pressure to cut thousands of jobs, industry sources said.
