Business News

Bon Appetit's editor-in-chief, Adam Rapoport, resigned late Monday after a 16-year-old picture of him with brownface resurfaced online and drew harsh criticism, coupled with a subsequent claim of discriminatory pay at the Conde Nast-owned U.S. food magazine by a staff editor.

The dollar nursed losses against most currencies on Wednesday amid some speculation the U.S. Federal Reserve could take steps to curb a recent rise in bond yields at its policy meeting.

Canadian IT and consultancy company CGI Inc said on Tuesday former Bank of Canada governor Stephen Poloz has joined its board.

Oil prices fell on Wednesday as an industry report showed a rise in crude and fuel inventories in the United States, renewing concerns about oversupply and slumping fuel demand in the world's largest crude consumer.

Oil prices fell on Wednesday as an industry report showed a rise in crude and fuel inventories in the United States, renewing concerns about oversupply and slumping fuel demand in the world's largest crude consumer.

The U.S. dollar is unlikely to make significant moves higher in the near term because of the ballooning budget deficit, Jeffrey Gundlach, the billionaire chief executive of DoubleLine Capital, said on a webcast presentation on Tuesday.

Shares of Cathay Pacific Airways Ltd were set to open sharply up 18.7% on Wednesday after it announced a HK$39 billion ($5 billion) recapitalisation plan led by the Hong Kong government to help it weather the coronavirus pandemic.

The U.S. dollar is unlikely to make significant moves higher in the near term because of the ballooning budget deficit, Jeffrey Gundlach, the billionaire chief executive of DoubleLine Capital, said on a webcast presentation on Tuesday.

Hong Kong police arrested 53 people during protests on Tuesday evening that saw hundreds of activists take to the streets, at times blocking roads in the heart of the global financial hub, before police fired pepper spray to disperse crowds.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

* U.S.-listed Chinese firms highlight risk from tight regulations

Chicago soybeans rose on Wednesday with prices supported by solid demand from the world's biggest importer China.

Asian equities slipped on Wednesday after most U.S. stocks pared gains made during their recent rally, although the Nasdaq benchmark reached its second straight day at a record high as oil prices rose.

Four Republican U.S. senators on Tuesday urged the Federal Communications Commission (FCC) to review whether to revise liability protections for internet companies after President Donald Trump urged action.

Banco Santander Brasil SA , one of Brazil's top lenders, has denied it plans to lay off 20% of its workforce in Brazil as reported by newspaper Folha de S. Paulo, the bank said in a statement sent to Reuters.

AMC Entertainment Holdings Inc said on Tuesday it was expecting to reopen its theaters globally in July after shutting them down in mid-March due to the COVID-19 pandemic, sending its shares up about 4% in extended trading.

The scramble to research the novel coronavirus has exposed weaknesses in the vetting of healthcare data being supplied by a growing number of U.S. firms, a flaw that forced two of the most respected medical journals to pull studies last week.

Vodafone Group Plc, the world's second-biggest mobile operator, has warned that Britain's desire to lead the world in 5G technology will face a big blow if it decides to remove China's Huawei Technologies Co Ltd from the country's telecoms infrastructure.

The U.S. presidential election is re-emerging as a potential risk to markets after a shift in polls that has seen President Donald Trump lose ground to Democrat Joe Biden.