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Reuters Business News
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Updated: 4 years 21 weeks ago
Hugo Boss sees recovery in third quarter at earliest
Hugo Boss expects a recovery in its business in the third quarter at the earliest due to store closures and consumer caution during the coronavirus pandemic, the chief executive of German fashion house said on Wednesday.
Categories: Business News
Huawei Meng's U.S. extradition case hinges on key ruling in Canada on Wednesday
A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou's extradition to the United States, with a favourable judgment seen as paving the way for the release of the Chinese executive after 18 months of house arrest.
Categories: Business News
Hong Kong unrest worries curb global shares rally
Unrest in Hong Kong over Beijing's proposed national security laws weighed on global shares and oil prices on Wednesday, offsetting optimism about the re-opening of the world economy.
Categories: Business News
Oil falls on U.S.-China tensions over Hong Kong
Oil prices fell on Wednesday after U.S. president Donald Trump said he was working on a strong response to China's proposed security law in Hong Kong.
Categories: Business News
H&M sees furloughed HQ staff returning to work in July
Sweden's H&M expects the 2,500 furloughed staff at its headquarters in Stockholm to return to work in July, the world's second-largest fashion retailer said on Wednesday.
Categories: Business News
Timeline: From boom to bottom: Renault and Nissan bet on deeper cooperation
Renault SA , Nissan Motor Co and Mitsubishi Motors have no plans to merge and will instead focus on a new production sharing plan to cut costs and improve efficiency, Chairman Jean-Dominique Senard said on Wednesday.
Categories: Business News
Turkish Airlines may delay delivery of Airbus, Boeing planes: report
Turkish Airlines , which halted nearly all of its passenger flights as a result of the coronavirus crisis, may delay the delivery of some Boeing and Airbus planes, its chairman was quoted as saying on Wednesday.
Categories: Business News
Boeing set to announce significant U.S. job cuts this week: union
Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10% of its worldwide workforce of 160,000 employees, people briefed on the plans and a union said.
Categories: Business News
Renault has no problems in relations with French state: chairman
Renault Chairman Jean-Dominique Senard said on Wednesday that relations with the French government were fine, even as the state continues to haggle over finalising a 5 billion euros ($5.5 billion) loan for Renault.
Categories: Business News
Tesla to cut car prices in North America, China
Tesla Inc said on Wednesday it will cut prices of its electric vehicles in North America as the firm ramps up car production at its Fremont, California, factory after the easing of coronavirus lockdowns.
Categories: Business News
Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources
Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world's largest market for environmentally friendlier cars.
Categories: Business News
Mexico's auto industry restart gathers steam as lockdown eases
Mexico's auto industry reopening picked up pace on Tuesday, with Fiat Chrysler and BMW AG joining peers in gradually dusting off operations even as the wait for approvals slowed the return of some companies.
Categories: Business News
Dollar gains, yuan slumps on rising Hong Kong tensions
The dollar edged higher on Wednesday as worries about the U.S. response to China's proposed security law for Hong Kong supported safe-haven demand for the greenback.
Categories: Business News
China's GAC keeps target of 3% sales growth despite coronavirus pressure
Chinese automaker GAC , which has partnered with Toyota , Honda and FCA , will stick to an annual target of 3% in sales growth this year despite fallout from the coronavirus pandemic, its chairman said.
Categories: Business News
Asian shares slip as new Hong Kong tensions rise
Asian shares slipped on Wednesday as investor concerns about rising tensions between the United States and China tempered optimism about a re-opening of the world economy.
Categories: Business News
Ford sets May 28 as provisional date for gradual restart of Mexican plant
U.S. automaker Ford has set May 28 as a provisional date for the gradual restart of its plant in Hermosillo, Mexico, according to a letter to workers seen by Reuters.
Categories: Business News
Oil slips on demand worries, Hong Kong tensions
Oil prices fell on Wednesday on revived concerns over how quickly fuel demand will recover even as coronavirus lockdowns begin to ease in many countries, while U.S.-China tensions added to negative sentiment.
Categories: Business News
Amazon in advanced talks to buy self-driving startup Zoox: WSJ
Amazon.com Inc is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant's reach in autonomous-vehicle technology, the Wall Street Journal reported https://on.wsj.com/36wXJUV on Tuesday.
Categories: Business News
Fears of coronavirus second wave prompt flu push at U.S. pharmacies, drugmakers
U.S. pharmacy chains are preparing a big push for flu vaccinations when the season kicks off in October, hoping to curb tens of thousands of serious cases that could coincide with a second wave of coronavirus infections.
Categories: Business News
LATAM becomes largest airline driven to bankruptcy by coronavirus
LATAM Airlines Group , the continent's largest carrier, filed for U.S. bankruptcy protection on Tuesday, becoming the world's largest carrier so far to seek an emergency reorganization due to the coronavirus pandemic.
Categories: Business News
