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Business News
TREASURIES-Yields fall as concerns over coronavirus spread dent risk appetite
U.S. Treasury yields fell on
Monday as renewed concerns over the spread of the coronavirus
dented risk appetite, boosting demand for safe-haven bonds and
sending stocks lower.
Several districts of the Chinese capital put up security
checkpoints, closed schools and ordered people to be tested for
the coronavirus on Monday after an unexpected spike of cases
linked to the biggest wholesale food market in Asia.
New coronavirus cases an
Categories: Business News
UPDATE 2-Masked Germans touch down in Mallorca in cautious tourism revival
Hundreds of
mask-wearing sunseekers from Germany landed on the Spanish
island of Mallorca on Monday, the first tourists allowed into
the country since borders were shut in March to tackle the
coronavirus pandemic.
Categories: Business News
Grounded jets boost France's historic Chateauroux airport
More than half a
century since the U.S. military left Chateauroux's vast air
base, the coronavirus travel slump has provided a surge of
business for the French regional airport.
Categories: Business News
UPDATE 2-U.S. FDA clears new version of Abbott's low-cost glucose monitor
The U.S. Food and Drug Administration on
Monday cleared a new version of Abbott Laboratories'
continuous glucose monitoring device, helping the company build
upon the success of its fastest-growing diabetes product.
Categories: Business News
China's 58.com to go private in $8.7 billion deal
Chinese online classifieds marketplace
58.com Inc said on Monday it would be taken private by
a consortium of investors, including private equity firm Warburg
Pincus Asia LLC, in a deal that valued the company at about $8.7
billion.
(Reporting by Akanksha Rana in Bengaluru; Editing by Arun
Koyyur)
Categories: Business News
Embraer swaps commercial aviation chief after failed Boeing deal
Brazilian planemaker Embraer SA said on Monday it was replacing the head of its commercial aviation unit after a planned deal to have Boeing Co take over that division fell apart in April.
Categories: Business News
Wall Street set to drop at open after spike in new virus cases
Wall Street was set to drop sharply at the open on Monday as a recent jump in coronavirus cases in China and parts of the United States dashed investor hopes of a quick economic rebound that had powered the Nasdaq to record levels last week.
Categories: Business News
GE aviation head David Joyce to retire
General Electric Co said on Monday David Joyce, the chief executive of the company's aviation unit, would retire after 40 years with the industrial conglomerate.
Categories: Business News
Delta has received approval from Shanghai government to resume flights
Delta Air Lines has received approval from the Shanghai government to resume flights from June 18, a company spokeswoman said on Monday, paving the way for the carrier to resume services to China after months of suspension due to COVID-19.
Categories: Business News
United Airlines secures $5 billion loan backed by loyalty program
United Airlines said on Monday it is securing a $5 billion loan backed by its MileagePlus loyalty program, bringing potential total liquidity to $17 billion, an amount that senior executives said would be enough to carry it through a potential second or third wave of the new coronavirus that could hit the aviation industry.
Categories: Business News
Revenue at airline Avianca falls 51% through early June on coronavirus
Passenger revenue at Latin America's No. 2 airline, Avianca Holdings , has fallen 51% for the year as of early June compared with a year ago, the carrier said, in a look into the dire financial toll that the coronavirus has taken on the company.
Categories: Business News
Walmart partners with Shopify to expand online marketplace business
Walmart Inc said on Monday it has partnered with e-commerce firm Shopify Inc , as it looks to expand its online marketplace business and cash in on the coronavirus-driven jump in online shopping.
Categories: Business News
Oil falls on growing fears of coronavirus second wave
Oil prices fell on Monday as new coronavirus infections hit China, Japan and the United States, adding to concerns that a resurgence of the virus could hamper a recovery in fuel demand.
Categories: Business News
Honeywell launches new business unit to capture drone market
Honeywell International Inc, a major supplier of aerospace products, said Monday it launched an unmanned aerial systems business to bet on the autonomous aviation space – drones, air taxis, and unmanned cargo delivery vehicles.
Categories: Business News
Intesa, BPER revise terms to try to clear antitrust hurdles to UBI deal
Italy's Intesa Sanpaolo has agreed to sell more branches and assets to rival BPER to try to overcome antitrust objections to its proposed takeover of UBI Banca .
Categories: Business News
Volkswagen expects very bad second-quarter, positive 2020 adjusted operating profit
Volkswagen expects a very bad second quarter, but also sees a positive adjusted operating profit before special items for 2020, Chief Financial Officer Frank Witter said in an internal newsletter.
Categories: Business News
Stocks, oil under pressure amid fears of second wave of pandemic
Fears of a second wave of COVID-19 infections sent jitters across global markets on Monday with stocks and oil under pressure while investors bought into safe havens such as government bonds.
Categories: Business News
U.S. mattress business springs back from pandemic shutdown
The U.S. mattress business has bounced back after months of shutdowns from the coronavirus pandemic kept customers away.
Categories: Business News
Meatpacking workers often absent after Trump order to reopen
Smithfield Foods Inc [SFII.UL] is missing about a third of its employees at a South Dakota pork plant because they are quarantined or afraid to return to work after a severe coronavirus outbreak, according to the workers' union.
Categories: Business News
EU governments to pay 750 mln euros for 300 mln doses of AstraZeneca vaccine -Italy
Italy, Germany, the Netherlands
and France will pay 750 million euros ($843.1 million) for 300
million doses of AstraZeneca's potential COVID-19 vaccine as
part of a European deal to secure supplies of the drug, a
spokesman for Italy's health ministry said on Monday.
Categories: Business News