Citigroup launches new ESG investment banking group
Citigroup Inc said on Tuesday that is launching a new business unit within its corporate and investment bank dedicated to environmental sustainability to strengthen its commitment to an area that has grown increasingly important to corporate clients a…
North American airlines say ticket cancellations slowing, demand improving
Two top U.S. airlines and Air Canada said on Tuesday ticket cancellations were slowing and demand was showing signs of improvement since the coronavirus pandemic brought global travel to a virtual standstill last month.
Oil rises on signs of output cuts and demand hopes
Oil prices rose on Tuesday amid signs that producers are cutting output as promised and on signs of increasing demand as more countries ease out of curbs imposed to counter the coronavirus pandemic.
S&P 500, Dow edge lower after mixed retail earnings
The S&P 500 and Dow Jones indexes eased on Tuesday, handing back some gains from a strong rally in the previous session, as investors digested a mixed set of quarterly results from retailers including Home Depot and Walmart.
Nasdaq informs China’s Luckin Coffee it plans to delist it
Luckin Coffee Inc said on Tuesday that Nasdaq Inc has given it notice that it plans to delist it from the U.S. stock exchange a month after the Chinese coffee chain disclosed that some of its employees fabricated sales accounts.
AT&T closes its payTV service in Venezuela amid U.S. sanctions
AT&T Inc said on Tuesday it has closed its DirecTV Latin America operations in Venezuela amid sanctions by the United States on the country.
U.S. housing starts post record decline; permits slump
U.S. homebuilding dropped by the most on record in April and permits for future construction tumbled, underlining fears that the novel coronavirus crisis would lead to the deepest economic contraction in the second quarter since the Great Depression.
Thyssenkrupp CEO: Cannot put timeline on restructuring
Thyssenkrupp’s CEO on Tuesday said that she could not put a timeline on the group’s fresh turnaround plans, saying that selling assets – a key part of its strategy – was difficult in the current environment.
Renault to cut 400 jobs at its Slovenia unit
French carmaker Renault plans to cut about 400 out of some 3,200 jobs at its Slovenian unit Revoz after the coronavirus epidemic hit demand for its products, Revoz said on Tuesday.
Trump wants 7.6% payroll tax cut to help staunch coronavirus economic pain: Kudlow
White House economic adviser Larry Kudlow said on Tuesday that President Donald Trump wants to see a 7.6% cut in the U.S. payroll tax, hoping it will help staunch economic pain caused by the COVID-19 pandemic.
