WASHINGTON (Reuters) – Asian stocks will likely climb on Thursday after the S&P 500 and Nasdaq rallied to fresh records on upbeat corporate results, while the dollar eased a day before the U.S. Federal Reserve possibly sets a new course on inflation. A gauge of global equity markets, MSCI’s all-country world index surged past the […]
Troubled airline Virgin Atlantic has finalised a rescue deal worth £1.2bn that should protect thousands of jobs. Sir Richard Branson’s Virgin Group will inject £200m, with additional funds provided by investors and creditors. The billionaire Virgin boss had a request for government money rejected, leaving the airline in a race against time to secure new […]
Fifty of the biggest UK employers questioned by BBC have said they have no plans to return all staff to the office full-time in the near future. Some 24 firms said that they did not have any plans in place to return workers to the office. However, 20 have opened their offices for staff unable […]
Germany has agreed to extend a scheme that tops up pay for workers affected by the coronavirus pandemic by another year. As well as prolonging short-term work subsidies, coalition parties also agreed to continue financial help for small and medium-sized companies. It was announced on Tuesday that the German economy contracted by a record 9.7% […]
The UK is likely to be the hardest hit by Covid-19 among major economies, the Organisation for Economic Co-operation and Development has warned. Britain’s economy is likely to slump by 11.5% in 2020, slightly outstripping falls in countries such as Germany, France, Spain and Italy, it said. If there were a second peak in the […]
SYDNEY (Reuters) – Virgin Australia Holdings Ltd’s (VAH.AX) unsecured creditors will receive an average return of 9-13% of their funds as part of U.S. private equity group Bain Capital’s proposed purchase of the airline, administrator Deloitte said in a report on Tuesday. The unsecured creditors include 6,500 bondholders who are owed A$2 billion ($1.43 billion) […]
(Reuters) – The S&P 500 and Nasdaq scaled new highs on Monday as a U.S. approval for the emergency use of blood plasma in COVID-19 patients lifted treatment hopes and spurred bets of a quicker economic recovery. The U.S. Food and Drug Administration’s decision to use antibody-rich plasma from recovered patients was hailed by President […]
HONG KONG/LONDON (Reuters) – Hong Konger Winnie Tong aims to move to Britain with her family in two years, but is stalling on plans to buy a house there after prices jumped almost 15% since April. The 40-year-old who used to be in two minds about leaving Hong Kong now wants to settle in Birmingham […]
(Reuters) – Blackstone Group Inc (BX.N) said on Monday it would sell about 40% of its stake in liquefied natural gas producer Cheniere Energy Inc’s (LNG.A) limited partnership to Brookfield Infrastructure and its own affiliated company. The filing did not disclose the deal value, but a Bloomberg report, citing people familiar with the matter, said […]
LONDON (Reuters) – Equity markets gained for a second straight session on Monday as hopes for a coronavirus treatment boosted risk assets and markets geared up for the U.S. Federal Reserve’s annual Jackson Hole meeting later in the week. Europe’s pan-regional STOXX 600 rose 1.3% and the global benchmark added 0.4% after U.S. regulators authorised […]