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BUSINESS
European shares slip as virus cases surge; HSBC, Nokia slump
European shares opened lower on Wednesday, with banks and energy firms leading the declines as surging coronavirus infections globally dimmed the prospect of a swift economic re...
BUSINESS
Fed's Powell stresses uncertainty, challenges facing U.S. economy
U.S. Federal Reserve Chair Jerome Powell on Monday said the outlook for the world's biggest economy is "extraordinarily uncertain" and will depend both on containing the coronav...
BUSINESS
U.S. judge orders heads of GM, FCA to try to resolve GM racketeering lawsuit
A federal judge in Detroit on Tuesday ordered the chief executives of automakers General Motors Co (GM.N) and Fiat Chrysler Automobiles NV (FCA) ...
BUSINESS
U.S. arrests two men wanted by Japan over ex-Nissan boss Carlos Ghosn's escape
U.S. authorities on Wednesday arrested a former U.S. Army Special Forces soldier and another man in Massachusetts wanted by Japan on charges that they enabled the escape of form...
BUSINESS
S&P 500 tumbles on fears of virus resurgence in economic reopening
The S&P 500 dropped 2% on Tuesday as investors took profits following a warning from the top U.S. infectious disease expert that premature moves to reopen the nation's economy c...
BUSINESS
Chipotle secures $600 million credit line amid coronavirus crisis
Chipotle Mexican Grill Inc (CMG.N) has secured a new year-long $600 million revolving credit line, a regulatory filing showed
BUSINESS
Exclusive: U.S. coronavirus stimulus went to some healthcare providers facing criminal inquiries
Eager to bolster the healthcare system during the coronavirus pandemic, the U.S. government last month sped $30 billion in stimulus payments to most healthcare providers that bi...
BUSINESS
Shares jump on coronavirus treatment hopes, oil soars
World stock markets rose sharply on Wednesday following encouraging news for an experimental COVID-19 treatment and some positive earnings reports, while beaten-up oil prices so...
BUSINESS