77.59 F
New York
June 4, 2020
Home » Enterprise Reporting

Enterprise Reporting

Reuters - Business

U.S. banks attract bargain hunters though hurdles to growth remain

Reuters
(Reuters) – Investors eyeing a turnaround in the U.S. economy are piling into U.S. bank stocks even as some caution that positive stress test results and an abatement of loan losses will be needed to sustain a rally in the battered sector. FILE PHOTO: A woman passes by a Chase......
Reuters - Business

Red tape thwarts South Africa’s green energy potential

Reuters
JOHANNESBURG – World-leading renewables companies are lining up to invest in South Africa’s energy sector and help remedy a chronic generation shortfall that pushed the continent’s most advanced economy into recession even before the COVID-19 pandemic struck. Wind turbines produce renewable energy outside Caledon, South Africa, May 20, 2020. REUTERS/Mike......
Reuters - Business

Trump administration to bar Chinese passenger carriers from flying to U.S.

Reuters
WASHINGTON (Reuters) – President Donald Trump’s administration on Wednesday barred Chinese passenger carriers from flying to the United States starting on June 16 as it pressures Beijing to let U.S. air carriers resume flights amid simmering tensions between the world’s two largest economies. FILE PHOTO: A passenger aircraft of China......
Reuters - Business

Exclusive: Trump administration to bar Chinese passenger carriers from flying to U.S., sources say

Reuters
FILE PHOTO: A passenger aircraft of China Eastern Airlines takes off at Paris Charles de Gaulle airport in Roissy-en-France during the outbreak of the coronavirus disease (COVID-19) in France May 19, 2020. REUTERS/Charles Platiau/File Photo WASHINGTON (Reuters) – President Donald Trump’s administration plans to bar Chinese passenger carriers from flying......
Reuters - Business

China drives global oil demand recovery out of coronavirus collapse

Reuters
BEIJING/NEW YORK/TOKYO (Reuters) – China’s oil demand has recovered to more than 90% of the levels seen before the coronavirus pandemic struck early this year, a surprisingly robust rebound that could be mirrored elsewhere in the third quarter as more countries emerge from lockdowns. FILE PHOTO: Oil and gas tanks......
Reuters - Business

Big in China and tiny in the U.S., Fast Retailing seen weathering pandemic

Reuters
TOKYO/BEIJING (Reuters) – The coronavirus pandemic is shredding the global apparel industry, stripping hundreds of billions of dollars from sales and thrusting big names like J.Crew into bankruptcy protection. People wearing face masks, following the coronavirus disease (COVID-19) outbreak, walk past H&M and the Fast Retailing’s Uniqlo stores at a......
Reuters - Business

Financing hunt during pandemic lifts May U.S. convertible debt issuance to record

Reuters
NEW YORK (Reuters) – U.S. issuance of convertible bonds in May hit a record high of $20.7 billion, according to Bank of America data, as companies struggling with the impact of the coronavirus pandemic ventured into the one-time niche market seeking cheaper and easier ways to borrow cash. FILE PHOTO:......
Reuters - Business

Exclusive: U.S. small business program handed out virus aid to many borrowers twice

Reuters
WASHINGTON (Reuters) – A technical snafu in a U.S. government system caused many small businesses to receive loans twice or more under a federal aid program to help businesses hurt by the COVID-19 pandemic, nearly a dozen people with knowledge of the matter said. FILE PHOTO: U.S. President Donald Trump......
Reuters - Business

Sell, stow or dump? Retailers wrestle with mountain of unsold stock

Reuters
MADRID/LOS ANGELES (Reuters) – Forget fast or slow fashion, now it’s ground to a halt. A mountain of apparel stock has been piling up in stores, distribution centers, warehouses and even shipping containers during months of COVID-19 lockdowns. As retailers reopen around the world, they have to work out how......
Reuters - Business

‘Lemon’ or not, Trump stuck with Phase 1 China trade deal for now

Reuters
WASHINGTON (Reuters) – U.S. President Donald Trump has little choice but to stick with his Phase 1 China trade deal for now despite his anger at Beijing over the coronavirus pandemic, new Hong Kong security rules, and dwindling hopes China can meet U.S. goods purchase targets, people familiar with his......
Reuters - Business

Workers nervously eye return to Lear’s coronavirus-hit plant in Mexico

Reuters
CIUDAD JUAREZ, Mexico (Reuters) – Lear Corp is implementing costly safety measures that may hurt productivity at its operations in Mexico after suffering the deadliest known factory-related coronavirus outbreak in the Americas, but the U.S. auto parts maker still faces a battle to win back workers’ trust. An employee of......
Reuters - Business

Exclusive: Zoom plans to roll out strong encryption for paying customers

Reuters
SAN FRANCISCO (Reuters) – Video conferencing provider Zoom (ZM.O) plans to strengthen encryption of video calls hosted by paying clients and institutions such as schools, but not by users of its free consumer accounts, a company official said on Friday. FILE PHOTO: Small toy figures are seen in front of......
Reuters - Business

Exclusive: Brazil’s Embraer draws foreign interest after Boeing rift – sources

Reuters
SAO PAULO/NEW DELHI/PARIS (Reuters) – Aircraft makers are circling Brazil’s Embraer (EMBR3.SA) weeks after Boeing (BA.N) ditched plans for a historic commercial aviation tie-up, people familiar with the matter said. FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen at the company’s headquarters in Sao Jose dos Campos,......
Reuters - Business

With ‘Main Street’ in view, Fed weighs risks of job, productivity shocks

Reuters
WASHINGTON (Reuters) – U.S. Federal Reserve officials have talked broadly about helping households and firms through the current economic crisis and quickly unleashed trillions of dollars in cash and credit guarantees to build a “bridge” to the post-pandemic world. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured......
Reuters - Business

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

Reuters
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. Anti-government demonstrators take part in a protest during......
Reuters - Business

Exclusive: Google faces antitrust case in India over payments app – sources

Reuters
NEW DELHI (Reuters) – India’s antitrust body is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote its mobile payments app in the country, five sources familiar with the case told Reuters. FILE PHOTO: A woman walks past the logo of Google during an......
Reuters - Business

‘Rally of hope’: Why the S&P soared back past 3,000

Reuters
NEW YORK (Reuters) – Unthinkable just two months ago as the world economy shut down in response to the coronavirus pandemic, the U.S. stock benchmark S&P 500 index broke through the psychologically-important 3,000 level on Tuesday, capping a 37% stock rally since its March low. Flags hang on the outside......
Reuters - Business

Exclusive: ECB prepares for the worst: life without the Bundesbank – sources

Reuters
FRANKFURT (Reuters) – The European Central Bank (ECB) is drafting contingency plans to carry out its multi-trillion bond-buying programme without the Bundesbank in case Germany’s top court forces the main participant in the scheme to quit, four sources told Reuters. FILE PHOTO: A man walks towards the European Central Bank......
Reuters - Business

Exclusive: Cathay Pacific’s brand merger hits roadblock from China’s aviation regulator – sources

Reuters
SYDNEY (Reuters) – China’s aviation regulator may make it difficult for Hong Kong’s Cathay Pacific Airways Ltd (0293.HK) to merge regional arm Cathay Dragon into its main brand because of infractions during last year’s pro-democracy protests, two sources said. FILE PHOTO: A Cathay Dragon Airbus A330-300 plane descends before landing......
Reuters - Business

Nissan and Renault shelve merger plans to repair their alliance: sources

Reuters
(Reuters) – Renault (RENA.PA) and Nissan (7201.T) have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters. FILE PHOTO: The logos of car manufacturers Renault and......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More