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Updated: 4 years 21 weeks ago
UPDATE 4-European shares log best day in a month as stimulus boosts revival hopes
Categories: Business News
UK's Johnson wants unrestricted travel to France, Spain as soon as possible
British Prime Minister Boris
Johnson said on Tuesday he wanted to see unrestricted travel to
Spain and France "as soon as we can", but defended his
government's quarantine policy on arriving visitors.
Categories: Business News
CORRECTED-Comcast's SKY launches broadband offering in Italy
Italy's top pay-TV operator SKY
said on Tuesday it was providing a wider range of services to
households as it added a broadband connection in its offering of
movies, sport and other content, to boost revenues in the
crowded telecoms market.
Categories: Business News
UPDATE 2-Fed corporate bond move relieves potential stigma for companies, say investors
The New York Federal Reserve's
planned launch on Tuesday of a bond-buying facility could help
ease the potential stigma for companies of asking for help and
create an important framework for what the central bank steps in
to purchase, analysts and investors said.
Categories: Business News
UPDATE 2-U.S. narrowing support to seven COVID-19 vaccine candidates, expects them to be free for many
The Trump administration aims to narrow
its financial support to about seven experimental coronavirus
vaccines from the 14 it has been working with so far, the U.S.
Department of Health and Human Services (HHS) said on Tuesday.
Categories: Business News
UPDATE 2-Asset managers keep $7.5 bln in UK property funds frozen on valuation uncertainty
Six asset managers including M&G
and Legal & General said they were keeping
property funds totalling more than $7.5 billion in assets frozen
as valuers continue to struggle to assess real estate due to the
coronavirus crisis.
Categories: Business News
Royalty Pharma shares soar 57.1% in market debut
Shares of Royalty Pharma Plc
jumped 57.1% in their stock market debut on Tuesday, as the IPO
market gathers steam after the coronavirus crisis stalled
potential listings.
Categories: Business News
UPDATE 1-Hilton to cut 2,100 corporate jobs globally
Hotel chain Hilton Worldwide Holdings
Inc said on Tuesday it would cut about 22% of its
corporate workforce, or 2,100 jobs, in response to the
coronavirus outbreak that has ravaged the global travel
industry.
Categories: Business News
Birdman producer turns to private credit
NEW YORK, June 16 (LPC) - Film production company New
Regency has turned to a private debt lender Carlyle Direct
Lending for a US$125m loan, according to a press statement.
Categories: Business News
Barrick Gold sells majority stake in China's Shandong for $210 mln
Canadian gold producer Barrick Gold
said on Tuesday it sold a partial stake in Shandong
Gold Mining Co for $210 million, profiting off a
rise in share price of the Chinese gold miner.
Categories: Business News
UPDATE 1-U.S. posts rule allowing U.S. companies to work with Huawei on 5G and other standards
The U.S. Department of Commerce on
Tuesday posted a new rule that allows U.S. companies to work
with China's Huawei to develop standards for 5G and
other cutting-edge technologies, despite restrictions on doing
business with the telecommunications equipment maker.
Categories: Business News
China's Blued gay dating app owner plans Nasdaq IPO
BlueCity Holdings, owner of
China's biggest dating app for gay men, aims to raise $50
million from an initial public offering of American depositary
shares (ADSs), it said in a prospectus filed to the U.S.
Securities and Exchange Commission on Tuesday.
Categories: Business News
Air Canada CFO says carrier seeing improved domestic bookings
Air Canada is seeing
improved domestic bookings, but expects international flights to
pick up only when the Canadian government relaxes travel
restrictions introduced to curb the spread of the new
coronavirus, the airline's chief financial officer said on
Tuesday.
Categories: Business News
Hilton to cut 2,100 corporate jobs globally
Hotel chain Hilton Worldwide Holdings
Inc said on Tuesday it would cut 2,100 corporate roles
globally in response to the coronavirus outbreak.
Categories: Business News
Chipmaker MaxLinear says hit by 'Maze' ransomware attack
Radio-frequency chip maker MaxLinear Inc
said on Tuesday it was hit by a cyber attack, with a
hacker releasing some proprietary information about the company
online.
Categories: Business News
More senior executives leave Embraer as dust settles over failed Boeing deal
Four senior executives are
leaving Embraer SA, in addition to its commercial
aviation chief, in the wake of a failed deal with Boeing Co
and as a new chief executive reassess the jet maker's
path forward, three sources said.
Categories: Business News
IAC Holdings files to go public
IAC Holdings Inc filed for an initial
public offering on Tuesday as the company looks to list shares
after offloading its entire stake in Tinder-owner Match Group
Inc last December.
Categories: Business News
Telus pressed to remove Huawei gear from 4G network in Canada's capital - Globe and Mail
Canadian telecom operator Telus Corp
is being pressed by authorities to remove Huawei gear
from its 4G infrastructure in the national capital region, the
Globe and Mail reported on Tuesday, citing sources.
Categories: Business News
