Stocks slip as investors await Trump’s Hong Kong response
Global stocks fell and safe havens such as bonds and the Japanese yen rallied on Friday as investors awaited Washington’s response to China’s national security law on Hong Kong amid rising tensions between the world’s two biggest economies.
Futures hit by Sino-U.S. tensions at the end of strong month
U.S. stock futures dropped on Friday as investors braced for President Donald Trump’s response to China’s national security legislation for Hong Kong, threatening to take the shine off another month of strong gains for Wall Street.
Wall Street Week Ahead: Investors eye consumer discretionary stocks as U.S. reopens
Investors are taking a closer look at the market’s consumer discretionary companies as a reopening U.S. economy fuels hopes of a turnaround for some of the sector’s hardest-hit names.
EU’s Vestager denies making Lufthansa bailout more difficult
EU antitrust chief Margrethe Vestager denied on Friday that she was putting hurdles in the way of Lufthansa’s $10 billion government rescue, saying companies getting big capital injections from the state have to offset their competitive advantage.
‘Intensive’ talks on Lufthansa with EU Commission ongoing: Germany
Berlin is in intensive talks with the European Commission over a planned bailout for flagship German carrier Lufthansa , a government spokesman said on Friday.
Danish state prosecutor drops investigation of Danske Bank auditor EY
Denmark’s state prosecutor has dropped its investigation into whether accounting firm EY breached anti-money laundering laws in connection with its audit of Danske Bank , the Danish Business Authority said on Friday.
As lockdowns ease, a Bronx nail salon plans a careful reopening
When Yahaira Caraballo opened her nail salon in the Bronx, New York nearly seven years ago, it was a bare-bones shop with two nail technicians.
We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot
Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn.
Oil falls but remains set for biggest monthly gain in years
Oil prices were dragged sharply lower on Friday by weak U.S. fuel demand, fears of a second wave of coronavirus cases in South Korea and a worsening in U.S.-China relations, but were still on track for a hefty monthly gain.
Volkswagen pumps 2 billion euros into China electric vehicle bet
Volkswagen AG plans to boost its electric push in China, the world’s biggest auto market, by pumping 2.1 billion euros in two Chinese electric vehicle players.
