Business News

Swiss voters look set to get the final say on whether Swiss-based companies should be liable for human rights abuses and environmental violations in operations even outside Switzerland.

World markets swung between hope and caution on Thursday as a another shot of European Central Bank stimulus was offset by still-troublesome U.S. data and general fatigue after a weeks-long rebound in risk appetites

Bank of America Corp agreed to pay $7.23 million in restitution and interest to settle a U.S. regulator's accusations that it overcharged customers on mutual funds.

World equity markets dipped Thursday after a three-day rally and European government bonds edged higher as worse than expected U.S. economic data pointed to a long road to recovery from the coronavirus pandemic.

American Airlines Group Inc said on Thursday it was seeing a slow but steady rise in domestic demand, as coronavirus-led lockdowns start to ease.

Bank of America Corp agreed to pay $7.23 million in restitution and interest to settle a U.S. regulator's accusations that it overcharged customers on mutual funds.

Canada's main stock index opened lower on Thursday, weighed by falling oil prices, while bleak domestic exports and imports data in April further dented sentiment.

* Sberbank plans to transform into banking-to-online group (Adds detail, quotes, background)

Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in Indian mobile operator Bharti Airtel , three people with knowledge of the discussions told Reuters, in a move that could turbocharge India's digital economy.

MUEHLBACH AM MANHARTSBERG, Austria, June 4 (Reuters) - E uropean countries cautiously emerging from the onslaught of the coronavirus pandemic are looking to a second generation of contact tracing apps to help contain further outbreaks.

Copper fell on Thursday as investors reined in their appetite for riskier assets, ending a rally that had lifted prices to 2-1/2 month highs in the previous session.

Brazilian meatpackers JBS SA , Marfrig and Minerva purchased thousands of cattle linked to deforestation of the Amazon rainforest since 2018, advocacy group Greenpeace Brasil alleged in a report published on Thursday.

American Airlines Group Inc said Thursday it will boost its U.S. flight schedule next month over dramatic reductions since the coronavirus pandemic, planning to fly more than 55% of its July 2019 domestic capacity.

U.S. stock index futures slipped on Thursday as a rally fueled by optimism over an economic rebound from a coronavirus-led downturn ran out of steam, with investors awaiting a reading on weekly jobless claims.

Brazilian electronics and appliances retailer Via Varejo SA said on Thursday its board has approved a primary share offering to raise up to 4 billion reais ($790 million) to invest in technology and logistics as well as to strengthen its working capital structure.

U.S. stock index futures slipped on Thursday as a rally fueled by optimism over an economic rebound from a coronavirus-led downturn ran out of steam, with investors awaiting a reading on weekly jobless claims.

Under pressure from its European peers for years to spend more, Germany has finally served up a bumper stimulus package financed with new debt, but Berlin's rediscovered love to splurge is causing fresh unease among its neighbours.

Senior British politicians criticised HSBC and Standard Chartered on Thursday after the banks backed China's national security law for Hong Kong, in conflict with the British government's opposition to the proposed legislation.

Inovio Pharmaceuticals Inc said on Thursday it plans to begin early human trials of its experimental COVID-19 vaccine in South Korea later in June and partnered with non-profit organization International Vaccine Institute.

China will ease coronavirus restrictions to allow more foreign carriers to fly to the mainland, shortly after Washington vowed to bar Chinese airlines from flying to the United States due to Beijing's curbs on U.S. airlines.