Asia’s factory pain worsens as China’s recovery fails to lift demand

Asia’s factory pain worsens as China’s recovery fails to lift demand
TOKYO (Reuters) – Asia’s factory pain deepened in May as the slump in global trade caused by the coronavirus pandemic worsened, with export powerhouses Japan and South Korea suffering the sharpest declines in business activity in more than a decade. FILE PHOTO: Employees wearing protective face masks and face guards work on the automobile assembly line as the maker ramps... Read More

Asia stocks reach 3-month peaks, resilient to U.S. riots

Asia stocks reach 3-month peaks, resilient to U.S. riots
SYDNEY (Reuters) – Asian shares pushed to three-month highs on Monday as progress on opening up economies helped offset jitters over riots in U.S. cities and unease over Washington’s power struggle with Beijing. FILE PHOTO: A passerby wearing a protective face mask, following an outbreak of the coronavirus, walks past an electronic board showing the graphs of the recent movements... Read More

Asia stocks prove resilient to US riots as S&P futures bounce

Asia stocks prove resilient to US riots as S&P futures bounce
SYDNEY (Reuters) – Asian shares pushed to three-month highs on Monday as progress on opening up economies helped offset jitters over riots in U.S. cities and unease over Washington’s power struggle with Beijing. FILE PHOTO: A passerby wearing a protective face mask, following an outbreak of the coronavirus, walks past an electronic board showing the graphs of the recent movements... Read More

Delta, union working to avoid furloughs of 2,300 pilots

Delta, union working to avoid furloughs of 2,300 pilots
FILE PHOTO: A Delta Airlines plane is parked at a gate as the novel coronavirus outbreak continues, with luggage handlers working at Hartsfield–Jackson Atlanta International Airport in Atlanta, Georgia, U.S., May 19, 2020. REUTERS/Shannon Stapleton (Reuters) – Delta Air Lines Inc (DAL.N) and its pilots union said on Sunday they are working to avoid furloughs of roughly 2,300 pilots following... Read More

Crude prices fall on concerns of U.S. riots, even as OPEC meeting advanced

Crude prices fall on concerns of U.S. riots, even as OPEC meeting advanced
NEW YORK (Reuters) – Oil prices fell due to concerns about riots in major U.S. cities that could staunch demand after trading higher on optimism that OPEC would extend or enhance production cuts at a meeting in June. FILE PHOTO: A pump jack on a lease owned by Parsley Energy operates in the Permian Basin near Midland, Texas U.S. August... Read More

Retailers already hit by coronavirus board up as U.S. protests rage

Retailers already hit by coronavirus board up as U.S. protests rage
FILE PHOTO: People walk past boarded up stores as demonstrations against the death in Minneapolis police custody of George Floyd continue, in Minneapolis, Minnesota, U.S., May 30, 2020. REUTERS/Lucas Jackson NEW YORK (Reuters) – Retail giant Target shuttered stores across the U.S. as retailers already reeling from closures due to the coronavirus pandemic shut stores amid protests that included looting... Read More

Exclusive: Mexican broadcaster Televisa to launch mobile phone service, challenging Slim

Exclusive: Mexican broadcaster Televisa to launch mobile phone service, challenging Slim
MEXICO CITY (Reuters) – Mexican broadcaster Televisa said on Sunday it will start offering mobile phone service, a bid to challenge billionaire Carlos Slim’s America Movil, which has long dominated the country’s telecommunications market. FILE PHOTO: The logo of broadcaster Televisa is pictured at its offices in Ciudad Juarez, Mexico, November 16, 2017. REUTERS/Jose Luis Gonzalez/File Photo Rather than building... Read More