The Real News Network
(Reuters) – Department store chain operator Macy’s Inc <M.N> said on Tuesday Chief Financial Officer Paula Price would step down from the role next month after nearly two years on the job. The planned exit comes as Macy’s, like other U.S. companies, struggles with the fallout of the coronavirus pandemic that has forced it to […]
By Uday Sampath Kumar (Reuters) – U.S. stock index futures bounced for a second straight day on Tuesday as risk appetite returned on tentative signs that the coronavirus outbreak was starting to plateau in hard-hit U.S. states. All three major indexes rallied more than 7% on Monday after the governors of New York and New […]
By Anna Rzhevkina, Hilary Russ and Toby Sterling GDYNIA/NEW YORK/AMSTERDAM (Reuters) – The lockdown of millions of people at home across the globe due to the coronavirus should have been the perfect recipe for success for the burgeoning online meal delivery market. But some of the world’s largest players, including Uber Eats and Just Eat, […]
By Jan Strupczewski BRUSSELS (Reuters) – Euro zone finance ministers hope to agree on Tuesday on half a trillion euros worth of economic aid to finance recovery from the coronavirus epidemic, a discussion that has sown divisions as the bloc struggles with the outbreak. No deal is in sight, however, on issuing joint debt, something […]
By Kate Kelland LONDON (Reuters) – A leading global health fund has asked international businesses and governments to provide $8 billion to support development and production of COVID-19 tests, drugs and vaccines. British-based Wellcome Trust said the initiative, dubbed COVID-Zero, is aimed at the private sector and it is urging chief executives of multinational companies […]
By Iain Withers LONDON (Reuters) – The dollar lost ground on Tuesday as riskier currencies rebounded on tentative hopes that lockdowns may be slowing the spread of the coronavirus in some countries. Bets that the world’s biggest crude producers may cut supply to support oil prices also boosted market sentiment. The greenback – the world’s […]
By Heekyong Yang and Hyunjoo Jin SEOUL (Reuters) – Samsung Electronics Co Ltd <005930.KS> said on Tuesday its first-quarter operating profit likely managed to rise slightly from a slump a year earlier, as solid chip sales helped cushion the blow from the coronavirus pandemic on smartphones and TVs. The global leader in semiconductors is benefiting […]
MADRID (Reuters) – German carmaker Volkswagen <VOWG_p.DE> hopes to partially reopen its plant in Spain’s Navarra region on April 20 after its closure in mid-March due to the coronavirus outbreak, a spokesman for the plant said on Tuesday. The plant in northern Spain should reopen with one of its three daily shifts operating during four […]
AMSTERDAM (Reuters) – The Dutch finance minister Wopke Hoekstra repeated on Tuesday that the Netherlands would not support the use of “eurobonds” to combat Europe’s coronavirus outbreak and it would only support using the European Stablity Mechanism (ESM) with conditions. “Eurobonds, I wouldn’t do that, and the cabinet also wouldn’t do that,” Hoekstra told parliament […]
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s cabinet approved a package of economic measures worth 1.9 trillion baht ($58 billion) on Tuesday to alleviate the impact of the coronavirus outbreak, Finance Minister Uttama Savanayana said. The package for Southeast Asia’s second-largest economy includes a law to borrow 1 trillion baht plus central […]