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World stock markets slip on second wave virus fears, safe-havens rise

June 18, 2020 - by admin - Leave a Comment

NEW YORK/LONDON (Reuters) – Global stock markets fell on Thursday as a continued rise in the number of coronavirus cases dashed hopes of a swift recovery from the pandemic-induced economic …

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Business

Wirecard scrambles to find missing $2.1 billion as loan crunch looms

June 18, 2020 - by admin - Leave a Comment

BERLIN (Reuters) – Wirecard’s auditor has refused to sign off its 2019 accounts over a missing $2.1 billion, sending its shares down more than 60% as the German payments firm …

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Business

Cash flows into U.S. growth funds surge, value funds see outflows

June 18, 2020 - by admin - Leave a Comment

(Reuters) – U.S. investors have ramped up investments in growth funds over the past few months on expectations of higher returns and safety, while they dumped value funds despite cheaper …

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Business

Ford to offer hands-free driving in 2021 – six years after Tesla

June 18, 2020 - by admin - Leave a Comment

FILE PHOTO: A 2021 Ford Mustang Mach-E SUV electric vehicle is displayed at the Canadian International Auto Show in Toronto, Ontario, Canada February 18, 2020. REUTERS/Chris Helgren/File Photo (Reuters) – …

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Business

Oil prices fall as coronavirus case surge heightens demand fears

June 18, 2020 - by admin - Leave a Comment

MELBOURNE/SINGAPORE (Reuters) – Oil prices slipped on Thursday on concerns that a spike in new coronavirus cases in China and the United States could dampen a recovery in fuel demand, …

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Business

U.S. weekly jobless claims remain high, second wave of layoffs blamed

June 18, 2020 - by admin - Leave a Comment

WASHINGTON (Reuters) – A second wave of layoffs amid weak demand and fractured supply chains is likely keeping new U.S. applications for unemployment benefits elevated, supporting views that the economy …

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Business

Glass Lewis opposes Tesla chairwoman’s re-election to Board: Bloomberg News

June 18, 2020 - by admin - Leave a Comment

FILE PHOTO: Tesla logo is pictured on a car during electric car E-Rallye Baltica 2019 in Bauska, Latvia July 23, 2019. REUTERS/Ints Kalnins (Reuters) – Proxy-adviser Glass Lewis has urged …

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Business

U.S. fines Copa Airlines $450K for transporting passengers between U.S., Venezuela

June 17, 2020 - by admin - Leave a Comment

A Copa Airlines plane sits in the tarmac is pictured at Tocumen International Airport after the Panamanian government restricted flights in recent days due to the coronavirus disease outbreak (COVID-19), …

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Business

Americans face new coranavirus challenge: a shortage of coins

June 17, 2020 - by admin - Leave a Comment

FILE PHOTO: A stack of one cent U.S. coins depicting Abraham Lincoln is shown in this photo Illustration in Encinitas, California March 26, 2015. REUTERS/Mike Blake SAN FRANCISCO (Reuters) – …

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Business

Powell repeats Fed to use full range of tools to aid economy

June 17, 2020 - by admin - Leave a Comment

FILE PHOTO: Federal Reserve Board Chairman Jerome Powell presents the Monetary Policy Report to Senate Banking Committee during a hearing on The Semiannual Monetary Policy Report to the Congress on …

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