Hedge funds target France as short-selling bans lifted
A cluster of big name hedge funds have started betting against French companies, moving in after the lifting of a short-selling ban imposed earlier this year to calm financial markets, an analysis of regulatory filings showed.
Demand rise, output cuts could mean oil market balance in June
Recovering demand as coronavirus lockdowns ease combined with output cuts by top producers could balance global oil markets as soon as June, some analysts and banks predict.
COVID-19 lawsuit takes on McDonald’s like it was a rowdy bar
As U.S. businesses reopen, worried workers and their advocates are borrowing a legal strategy commonly used to shut down rowdy topless bars to try and force employers to strengthen protection against further spread of the coronavirus.
Armed with whistleblower tips, U.S. SEC cracks down on coronavirus misconduct
The novel coronavirus outbreak and economic fallout is proving to be a bonanza for whistleblower lawyers as the U.S. securities regulator cracks down on a range of related misconduct from companies touting sham cures to misuse of federal aid.
Exclusive: Coronavirus spreads in Brazil’s oilfields, as five offshore operators register cases
Norway’s Equinor ASA and Anglo-French firm Perenco are among at least five oil producers that have registered coronavirus cases among employees or contractors at facilities off the coast of Brazil, according to industry and regulatory sources.
LATAM becomes largest airline to file for bankruptcy amid coronavirus
LATAM Airlines Group SA filed for U.S. bankruptcy protection on Tuesday, becoming the largest carrier to seek an emergency reorganization amid the coronavirus crisis.
Travel and leisure stocks rejoice on summer holiday hopes
European travel and leisure stocks soared on Tuesday amid reports Spain and Germany would ease travel restrictions, and no noticeable increase in infections were reported during the re-opening of businesses after a two-month lockdown.
A Florida toy importer braces for retail upheaval
Most U.S. states have begun to reopen their economies, but Jay Foreman, chief executive of Basic Fun, said he’s more worried than ever.
S&P 500 futures top 3,000 points on recovery hopes
U.S. stock futures rose 2% and breached a major chart barrier on Tuesday as global easing of lockdowns and business restarts boosted optimism about economic recovery among investors returning from a long weekend.
Ryanair vows to appeal against Lufthansa aid package
Ryanair will contest a 9 billion-euro ($9.9 billion) German aid package for Lufthansa, the budget airline’s Chief Executive Michael O’Leary said in a statement on Tuesday.
