Asian stocks gain on economic hopes, but Hong Kong risk clouds outlook

Asian stocks gain on economic hopes, but Hong Kong risk clouds outlook
TOKYO/NEW YORK (Reuters) – Asian shares and U.S. stock futures rose on Thursday as growing optimism about a global economic recovery from the coronavirus pandemic trumped immediate concerns about a standoff between the United States and China over Hong Kong. FILE PHOTO: A man wearing protective face mask, following an outbreak of the coronavirus disease (COVID-19), walks in front of... Read More

American Airlines says to cut management and support staff by 30%

American Airlines says to cut management and support staff by 30%
FILE PHOTO: American airlines jets made by Embraer and other manufacturers sit at gates at Washington’s Reagan National airport in Washington, U.S. April 29, 2020. REUTERS/Kevin Lamarque (Reuters) – American Airlines Group Inc (AAL.O) must reduce its management and support staff by about 30% as it moves to run a smaller airline due to the coronavirus pandemic, according to a... Read More

U.S. business to Trump: Go slowly on Hong Kong response

U.S. business to Trump: Go slowly on Hong Kong response
WASHINGTON (Reuters) – Business groups are urging U.S. President Donald Trump to go slowly in responding to Bejing’s planned imposition of new national security laws on Hong Kong, warning revoking the city’s special U.S. privileges will hurt the territory and its people. FILE PHOTO: U.S. President Donald Trump deplanes from Air Force One as he returns to Washington after travel... Read More

Tencent raises $6 billion in largest Asian corporate debt deal this year

Tencent raises $6 billion in largest Asian corporate debt deal this year
FILE PHOTO: A Tencent sign is seen during the China Digital Entertainment Expo and Conference (ChinaJoy) in Shanghai, China August 3, 2018. REUTERS/Aly Song HONG KONG (Reuters) – Tencent Holdings Ltd has raised $6 billion in debt, the Chinese technology company said on Thursday, in the largest debt deal by an Asian corporate in 2020. The deal was finalised early... Read More

Germany’s Bosch to begin restarting operations in Mexico

Germany’s Bosch to begin restarting operations in Mexico
FILE PHOTO: The logo of German multinational engineering and electronics company Bosch is pictured at the company’s stand during the Hannover Fair in Hanover, Germany, April 25, 2016. REUTERS/Wolfgang Rattay MEXICO CITY (Reuters) – German automotive supplier Bosch on Monday said it has received government approval in Mexico to restart operations, which had been suspended since late March due to... Read More

Billionaire Icahn exits Hertz with ‘significant’ loss after bankruptcy filing

Billionaire Icahn exits Hertz with ‘significant’ loss after bankruptcy filing
FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on Fox Business Network’s Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo (Reuters) – Billionaire investor Carl Icahn, who was the largest shareholder in Hertz Global Holdings Inc, unloaded his entire stake in the rental car company at a “significant loss” days after it filed... Read More

Asian stocks gain on economic hopes, Hong Kong remains a risk

Asian stocks gain on economic hopes, Hong Kong remains a risk
TOKYO/NEW YORK (Reuters) – Asian shares and U.S. stock futures rose on Thursday as growing optimism about economic recovery from the coronavirus pandemic trumped immediate concerns about a standoff between the United States and China over Hong Kong. FILE PHOTO: A man wearing protective face mask, following an outbreak of the coronavirus disease (COVID-19), walks in front of a stock... Read More

U.S. senators weigh additional sanctions on Russia’s Nord Stream 2

U.S. senators weigh additional sanctions on Russia’s Nord Stream 2
FILE PHOTO: The logo of the Nord Stream 2 gas pipeline project is seen on a large diameter pipe at Chelyabinsk Pipe Rolling Plant owned by ChelPipe Group in Chelyabinsk, Russia February 26, 2020. REUTERS/Maxim Shemetov WASHINGTON (Reuters) – Two U.S. senators said on Wednesday they could draft further sanctions on Russia’s Nord Stream 2 natural gas pipeline if Moscow... Read More