(Reuters) – European shares were largely flat on Tuesday as investors booked some profits following a strong quarterly rebound, while improving China factory data and hopes of more U.S. stimulus buoyed sentiment in Asia. The pan-European STOXX 600 index looked set to post its biggest quarterly gain since March 2015 with a 12.5% rise, as […]

LONDON (Reuters) – Britain’s economy shrank by the most since 1979 in early 2020 as households slashed their spending, according to official data that included the first few days of the coronavirus lockdown. Gross domestic product dropped by a quarterly 2.2% between January and March, the Office for National Statistics (ONS) said. That was below […]

(Reuters) – Wall Street climbed on Monday and the S&P 500 moved closer to clinching its biggest quarterly gain since 1998 as investors clung to hopes of a stimulus-backed economic rebound, while Boeing shares shot higher to help boost the blue-chip Dow. The planemaker’s (BA.N) shares jumped 10.2% after a 737 MAX took off on […]

NEW YORK (Reuters) – Wall Street stocks closed higher on Monday and the S&P 500 was poised to clinch its biggest quarterly percentage gain since 1998 as investors hoped for a stimulus-backed economic rebound, while a surge in Boeing shares helped boost the blue-chip Dow. The planemaker’s (BA.N) shares jumped more than 14% after a […]

Britons are expected to spend £210m in pubs when they reopen in England this weekend. Research predicts that more than a third of adults in the UK plan to visit a pub in the first week of trading after bars were closed in March due to the coronavirus outbreak. The Centre for Economics and Business […]

SAO PAULO (Reuters) – Bankrupt LATAM Airlines (LTM.SN) and Avianca Holdings AVT_p.CN are dramatically retrenching their once grand ambitions amid the COVID-19 pandemic, reducing competition in Latin America as they mull once-unthinkable cooperation with rivals. Since May, LATAM has exited Argentina, partnered with rival Azul SA (AZUL.N) in Brazil and cut back domestic operations in […]

SYDNEY (Reuters) – Asian share markets got off to a shaky start on Monday as the relentless spread of the coronavirus finally made investors question their optimism on the global economy, benefiting safe harbour bonds and the U.S. dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.2% and further away from a four-month […]

CHICAGO (Reuters) – American Airlines Group Inc (AAL.O) expects to have between 10% and 20% more workers than needed in July 2021, Chief Executive Doug Parker told employees at a town hall this week, and said that avoiding furloughs will be difficult. Weathering a sharp hit to business due to the coronavirus pandemic, American and […]

NEW YORK (Reuters) – Wall Street’s major indexes tumbled on Friday as several U.S. states imposed business restrictions in response to a surge in coronavirus cases and as financial shares tumbled after the Federal Reserve moved to cap bank dividend payments. Several U.S. states that were spared the brunt of the initial coronavirus outbreak or […]

NEW YORK (Reuters) – Global equities sank and perceived safe-haven assets like U.S. Treasuries and gold gained on Friday as investors weighed hopes that Europe will continue to rebound from the coronavirus pandemic’s economic damage against concerns over a record surge in new COVID-19 infections in the United States. The euro zone is “probably past” […]