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Updated: 4 years 21 weeks ago
UPDATE 2-Johnson Matthey halves dividend and axes jobs as virus hits demand
Chemicals maker Johnson Matthey
halved its dividend on Thursday and said it would cut
nearly a fifth of its workforce as the coronavirus pandemic hits
demand for its car pollution filters.
Categories: Business News
MORNING BID-A world without work
(A look at the day ahead from EMEA deputy markets and financial
services editor Sujata Rao. The views expressed are her own.)
It looked like the Federal Reserve had short-circuited the
dollar, which slipped back to a three-month low after the U.S.
central bank confirmed rates would stay near zero through 2022.
But two things have frightened markets – first, the Fed's
ultra-gloomy (though hardly surprising) outlook on the economy
and unemployment, and second, an apparent resurgence in COVID-19
ca
Categories: Business News
Unilever's UK move is vote of confidence -British minister
Unilever's decision to base the
company solely in Britain and not in the Netherlands represented
a vote of confidence in the country, said British business
minister Alok Sharma.
Categories: Business News
U.S. podcast platform Pockets Casts says Apple removed app from China store
New York-based podcasting platform
Pocket Casts said its app had been taken down from Apple Inc's
app store in China.
Categories: Business News
How Uber hailed a deal with Grubhub only to let it slip
Uber Technologies Inc
CEO Dara Khosrowshahi has spent much of his career deftly
negotiating acquisitions. Yet his $6.5 billion all-stock bid for
Grubhub Inc ended with the food delivery company being
acquired by European rival Just Eat Takeway.com NV.
Categories: Business News
REFILE-UPDATE 6-Europe's Just Eat Takeaway to buy Grubhub for $7.3 billion
European
food-ordering firm Just Eat Takeaway.com NV said on
Wednesday it had agreed to buy U.S. peer Grubhub Inc in
an all-stock deal that, if completed, would create the world's
largest food delivery company outside China.
Categories: Business News
FOREX-Dollar rises from three-month lows after Fed paints gloomy picture
The dollar rose on Thursday from
a three-month low which it hit in the previous session, as
expectations that the global economy will recover swiftly from
the coronavirus pandemic took a beating after a U.S. central
bank policy meeting.
Categories: Business News
UPDATE 3-China auto sales up for second straight month after almost two-year slump
* Industry official expresses caution toward overseas demand
(Adds further comment from the briefing, paragraph 10)
Categories: Business News
GLOBAL MARKETS-Asia stocks snap winning streak, bonds rally on downbeat Fed
Asian shares retreated on
Thursday as a gloomy outlook from the U.S. Federal Reserve
challenged market optimism on the global economy, while bonds
rallied on speculation that yet more stimulus would be needed to
ensure recovery.
Categories: Business News
REFILE-Walmart to stop keeping 'multicultural' beauty products in locked display cases
Walmart Inc will stop keeping
personal care products designed for people of color in locked
display cases, the retailer said, after the practice drew flak
online with many saying it suggested customers for these
products cannot be trusted.
Categories: Business News
Healthcare group Sanofi upbeat on Dupixent opportunities
French healthcare company Sanofi
outlined more growth opportunities on Thursday for the
Dupixent product it is developing along with partner Regeneron
.
Categories: Business News
U.S. network pulls live police documentary show amid protests against racism
U.S. TV network A&E has canceled a live
documentary show on police officers in action, the latest media
company to reassess their content amid widespread protests
against law enforcement brutality on people of color in the
country.
Categories: Business News
GLOBAL MARKETS-Asia stocks break winning streak, bonds rally on sober Fed
Asian shares swung lower on
Thursday while bonds rallied after a downbeat economic outlook
from the U.S. Federal Reserve stoked speculation it would have
to add to already historic levels of stimulus to underpin a
recovery.
Categories: Business News
PRESS DIGEST- New York Times business news - June 11
The following are the top stories on the
New York Times business pages. Reuters has not verified these
stories and does not vouch for their accuracy.
Categories: Business News
Indonesia Jan-May oil and gas lifting dips as investment hit -SKK Migas
* Indonesia's upstream oil and gas regulator SKK Migas said
in a
statement on Thursday that the country's oil and gas lifting in
January to May stood at 701,000 barrels per day (bpd) and 5,658
million cubic feet per day (mmcfd), respectively.
Categories: Business News
FOCUS-'Fifty drivers fight for one order': Southeast Asia gig economy slammed by virus
Indonesian
motorcycle taxi driver Aji chain-smokes and checks his
smartphone constantly while waiting for orders by the roadside
in downtown Jakarta on a hot June morning, but is staring at the
prospect of another fruitless day.
Categories: Business News