NEW YORK (Reuters) – Asian shares shed some of their recent gains on Wednesday as investor concerns about rising tensions between the United States and China tempered optimism about a
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Oil falls on demand concerns, U.S.-China tensions
TOKYO (Reuters) – Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling coronavirus cases, with U.S.-China
Brown Palace Hotel extends layoffs for nearly 300 workers
The Brown Palace Hotel & Spa in Denver plans a scaled-down reopening in the months ahead, but it won’t be enough to recall 298 members of its staff. Merritt Hospitality,
Renault and Nissan rebuild their alliance to ride out the coronavirus storm
TOKYO/PARIS (Reuters) – When Renault SA (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors Corp (7211.T) announced the last strategy plan for their Alliance in September 2017, the goal was
Stocks rally, S&P 500 crosses 3,000 barrier; oil gains
NEW YORK/LONDON (Reuters) – Global equities and oil rose on Tuesday as China’s promise of more stimulus and prospects of a world economic recovery cheered investors, who set aside concerns
Insurer AXA to pay out to restaurants after court ruling
PARIS (Reuters) – AXA (AXAF.PA) said on Tuesday it would meet the bulk of claims from some restaurant owners after a Paris court ruled last week the French insurer should
Macau gambling king Stanley Ho dies aged 98
HONG KONG (Reuters) – Macau gambling king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia’s richest men, died on
Germany stamps authority on Lufthansa with $9.8 billion lifeline
FRANKFURT/BERLIN (Reuters) – Germany threw Lufthansa (LHAG.DE) a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile
Rich Chinese investors snapping up luxury homes from Singapore to Sydney
SYDNEY (BLOOMBERG) – Rich Chinese investors are finding luxury real estate is a good hiding place from the economic fallout of the coronavirus. Across China and in some of their
Lufthansa, German government agree on $9.8 billion rescue package: sources
FRANKFURT/BERLIN (Reuters) – The German government and the management of flagship carrier Lufthansa (LHAG.DE), which has been hit hard by the coronavirus pandemic, have reached a preliminary deal on a