Safe-haven currencies on defensive, sterling soft on spending plan
By Hideyuki SanoTOKYO (Reuters) - Safe-haven currencies were on the back foot on Tuesday as hopes of an economic turnaround boosted…
Author
Oil falls in second straight session as virus cools demand
By Florence TanSINGAPORE (Reuters) - Oil prices fell for a second straight session on Monday as coronavirus cases rose in the United…
Hong Kong police refuse permission for march to mark handover
HONG KONG (Reuters) - The Hong Kong police department on Saturday denied permission for an annual march in the former British colony on July…
Italy’s artisans anxious as brands haggle to bridge luxury gap
By Silvia Ognibene and Silvia AloisiFLORENCE/MILAN (Reuters) - With unsold luxury handbags and clothing gathering dust in their…
Major U.S. airline CEOs to hold White House meeting Friday: sources
By David Shepardson and Tracy RucinskiWASHINGTON/CHICAGO (Reuters) - The chief executives of major U.S. airlines are set to hold a…
Macy’s to lay off 3,900 employees
(Reuters) - Macy's Inc (N:M) said on Thursday it would lay off about 3,900 employees in corporate and management positions to help lessen…
Lufthansa says it strikes deal with cabin crew unions
FRANKFURT (Reuters) - German airline group Lufthansa (DE:LHAG) on Thursday said it had struck a cost saving deal with unions representing…
IMF predicts deeper global recession due to coronavirus pandemic
WASHINGTON (Reuters) - The coronavirus pandemic is causing wider and deeper damage to economic activity than first thought, the…
Asia stocks at four-month top as markets stay stubbornly optimistic
By Wayne ColeSYDNEY (Reuters) - Asian shares cleared a four-month high on Wednesday as investors remained stubbornly upbeat on the…
Walmart to stop displaying Mississippi state flag in its stores for now
By Bhargav Acharya(Reuters) - Walmart (NYSE:WMT) Inc said on Tuesday it will no longer display the Mississippi state flag, which…