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Updated: 4 years 22 weeks ago
UK new car sales have worst May since 1952 - SMMT
British new car sales tumbled by
an annual 89% in May, only slightly less negative than a 97%
collapse in April, as car dealerships were hit by the
government's coronavirus lockdown, industry data showed on
Thursday.
Categories: Business News
World food price index hits 17-month low in May -U.N.
World food prices fell for a fourth
consecutive month in May, hit by the economic fallout of the
coronavirus pandemic which has stymied demand, the United
Nations food agency said on Thursday.
Categories: Business News
Citi defies coronavirus with Western European corporate lending push
Citigroup is looking to
ramp up its commercial banking operations across Europe, Middle
East and Africa, plugging gaps left by rivals facing fallout
from a coronavirus-induced recession.
Categories: Business News
UPDATE 4-S.Korea seeks arrest of Samsung heir in succession probe
South Korean prosecutors have
requested an arrest warrant against Samsung Group heir Jay Y.
Lee, they said on Thursday, in the investigation of a
controversial 2015 merger and alleged accounting fraud in a
suspected bid to aid his succession plans.
Categories: Business News
MORNING BID-Sultans of stimulus
A look at the day ahead from Senior FX Correspondent, Saikat
Chatterjee. The views expressed are his own.
Categories: Business News
UPDATE 1-LVMH says it is not considering buying Tiffany shares via the market
LVMH said on Thursday it
did not plan to buy shares in Tiffany on the market,
which would be one way for the French luxury goods group to buy
the U.S. jeweller for less than the $16.2 billion agreed in last
year's acquisition deal.
Categories: Business News
German auto stimulus to boost VW's electric push
Germany unveiled
sweeping incentives for cheap electric cars and for hybrid
vehicles, providing a boost to Volkswagen's electric
push while staggered taxes for polluting combustion-engined cars
will penalise sports utility vehicles.
Categories: Business News
European shares inch lower ahead of ECB meeting, carmakers drag
A European stock market rally paused on
Thursday, with investors focussing on a European Central Bank
meeting where policymakers are expected to provide more aid for
the battered euro zone economy.
Categories: Business News
Ford's China ventures increase May sales as market rebounds
Ford Motor's China
ventures have reported year-on-year sales growth for May in a
sign of how the world's biggest auto market is continuing its
recovery from coronavirus-induced lows.
Categories: Business News
UPDATE 1-Carnival's Princess Cruises extends suspension of some voyages
Carnival Corp's Princess Cruises
on Thursday extended the suspension of some of its voyages in
Australia, Canada and Taiwan as ports around the world remain
shut due to the coronavirus crisis.
Categories: Business News
UK's 'useless and ineffective' quarantine will hammer tourism, Ryanair boss says
Britain does not have a proper
plan for its 14-day international quarantine and the
introduction of such a "useless and ineffective" scheme will do
untold damage to the country's tourism industry, the head of
Ryanair said on Thursday.
Categories: Business News
PRESS DIGEST - Wall Street Journal - June 4
The following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
Categories: Business News
UPDATE 1-U.S. court blocks sales of Bayer's dicamba herbicide
German agrochemicals group Bayer AG
has been blocked from selling its dicamba herbicide
in the United States after an appeals court rejected a federal
regulator's permit for the product.
Categories: Business News
Orange board could make MasMovil counterbid, says El Economista
The board of French telecoms
giant Orange could discuss a possible counterbid for
Spanish rival MasMovil this week, El Economista
newspaper reported on Thursday, citing unidentified industry
sources.
Categories: Business News
UPDATE 2-Protest disrupts Hong Kong legislative debate over China national anthem bill
Police and firefighters
entered Hong Kong's legislature on Thursday after two
pro-democracy lawmakers threw foul-smelling liquid to protest
against China's "murderous" crackdown by Chinese troops in and
around Tiananmen Square 31 years ago.
Categories: Business News
Germany forges European virus vaccine alliance - Handelsblatt
Germany and three other European
Union states are forging a new alliance aimed at securing access
to coronavirus vaccines, once developed, and making sure they
are distributed fairly around the world, business daily
Handelsblatt reported.
Categories: Business News
LVMH not considering buying Tiffany shares on the market
LVMH is not considering
buying shares in Tiffany on the market, the French
luxury goods group said on Thursday.
Categories: Business News
Carnival's Princess Cruises extends suspension of some voyages
Carnival Corp's Princess Cruises
on Thursday extended the suspension of some of its voyages in
Australia, Canada and Taiwan as cruise ports around the world
remain shut due to the coronavirus crisis.
Categories: Business News
JGB yields rise in line with Treasuries, futures hit 9-week low
Yields on Japanese government
bonds gained in line with U.S. Treasuries on Thursday, with the
benchmark futures dropping to its lowest since late March.
Categories: Business News
UPDATE 1-Mozambique expects Exxon gas project decision next year
Mozambique's National Petroleum
Institute expects Exxon Mobil's final investment
decision on a $30 billion gas project in the north of the
country in 2021, it said on Wednesday, though the U.S. company
dismissed this as speculation.
Categories: Business News
