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Hertz preparing to file for bankruptcy as soon as Friday night: WSJ

Car rental firm Hertz Global Holdings Inc is preparing to file for bankruptcy as soon as Friday night after failing to reach a standstill agreement wRead More

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Stocks rise despite 33 million US jobless claims 2020-05-07 10:56:12Since the outbreak of the new coronavirus pandemic, 33 million people in the United States have filed for unemployment, up 3 million from last week. S

‘We’re open for them’: The small shops in 2020-05-07 10:50:53The struggles of New York’s small-business community, which employs nearly half the city’s private workforce, point to broader economic ch

Rural America lags on fast internet. Now small 2020-05-06 11:04:00The FCC says the digital divide is improving. But rural co-ops aren't waiting for the government: Their new task is high-speed internet service.

Inside a hotspot: Voices from the floor of 2020-05-05 17:17:00Meat-packing plants have been hit hard by COVID-19. We take a look at the conditions workers face, and the challenges for the industry.

Will cruise industry recover? Some passengers yearn to 2020-05-04 11:28:00Cruise lines face a perfect storm of problems. But there are loyal passengers pondering when to sail again, even as they look for assurance on safety.

No one wants to dump milk. Here’s why 2020-04-30 13:19:00Coronavirus lockdowns have caused a plunge in dairy demand. Getting excess milk to food banks is one solution, but could require federal help.

US jobless claims reach 30 million, 1 in 2020-04-30 12:39:28On Thursday, the U.S. Labor Department released the latest unemployment statistics, indicating that another 3.8 million unemployment claims were filed

US economy shrinks 4.8%: Can it recover post-virus? 2020-04-29 11:20:25The drop in the January-March quarter is only a precursor of a far grimmer GDP report to come on the April-June period, with business shutdowns and te

As virus lockdowns lift, investors search for signs 2020-04-27 13:09:30As governments start to lift restrictions, stocks are rising worldwide. In the U.S., the spotlight will be on the big companies that have helped the S

Reuters: Business News

Wall Street set to surge at open on New! 2020-05-26 09:31:36Wall Street was set to surge at the open, with the S&P 500 poised to breach a major technical barrier on Tuesday as business restarts and optimism

Uber cuts 600 jobs in India as lockdown New! 2020-05-26 09:29:30Uber Technologies Inc has cut about 600 jobs in India as part of plans to reduce its global workforce by 23%, the company said on Tuesday, joining loc

LATAM becomes largest airline driven to bankruptcy by New! 2020-05-26 09:24:05Chile's LATAM Airlines Group SA filed for U.S. bankruptcy protection on Tuesday, becoming the world's largest carrier so far to seek an emergency r

Investment bank Moelis in talks to represent Latam New! 2020-05-26 09:23:37Investment bank Moelis & Co is in talks with a group owning around $3 billion in bonds and loans owed by Latam Airlines Group SA to represent th

Warner Music kicks off $1.8 billion Nasdaq IPO New! 2020-05-26 09:08:19Warner Music Group said on Tuesday it is aiming to sell up to $1.82 billion in stock in its U.S. initial public offering, potentially the largest New

KFC to test revamped sandwich after last year's New! 2020-05-26 09:04:16Kentucky Fried Chicken on Tuesday will begin testing an overhauled sandwich featuring a bigger chicken filet and other modifications that could reigni

French restaurant ruling puts coronavirus claims on global New! 2020-05-26 08:41:49AXA said on Tuesday it would meet the bulk of business interruption claims from some restaurant owners in France after it lost a court case that was

Supercar maker McLaren to cut 1,200 jobs across New! 2020-05-26 08:39:56British supercar maker McLaren Group said on Tuesday it would cut 1,200 jobs under a proposed restructuring programme as it deals with the impact of t

NYSE to reopen trading floor closed by coronavirus New! 2020-05-26 08:31:15The New York Stock Exchange will partially reopen the trading floors at its iconic 11 Wall Street building on Tuesday for the first time since March 2

Qatar Airways plans summer flights to over 80 New! 2020-05-26 08:30:16Qatar Airways said on Twitter on Tuesday that it planned to fly a summer schedule to over 80 destinations worldwide.

Oil prices climb as faith in supply cuts New! 2020-05-26 08:22:32Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand pic

Europe's travel sector soars, S&P 500 to break New! 2020-05-26 08:15:31World shares forged ahead on Tuesday and commodity markets drove higher as well, as investors shrugged off Sino-U.S. tensions to focus on more stimulu

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Beximco ships 6.5 million PPE gowns to US 2020-05-25 13:07:47Bangladesh has joined a select group of countries that manufacture world-class, large-scale Personal Protective Equipment (PPE), as Beximco sends a sh

EWM Group hits back at BGMEA’s blacklist threat, 2020-05-25 08:45:21British clothing retailer Edinburgh Woollen Mill (EWM) Group has hit back after the Bangladesh Garment Manufacturers and Exporters Association (BGMEA)

BGMEA engaging rights groups to ensure buyers pay 2020-05-24 12:10:34Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has been engaging different international rights groups to ensure that internationa

‘Declare remittance as an essential financial service’ 2020-05-23 12:22:27The UK and Switzerland are calling for greater global collaboration to ensure access to digital remittance services to support people during the coron

BGMEA threatens to blacklist British retailer EWM over 2020-05-22 15:34:34Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has threatened to blacklist British clothing retailer Edinburgh Woollen Mill (EWM)

It is unfair: Momen 2020-05-22 14:00:00Cancellation of readymade garment orders by Western brands is unfair, said Foreign Minister AK Abdul Momen as he called upon expatriate Bangladeshis t

This has been the most depressing Eid for 2020-05-21 14:00:00With butterflies in their stomachs, a host of clothing brands took up their shutters after one-and-a-half months after the government allowed them to

The economics of social distancing 2020-05-21 14:00:00Social distancing has proven to be an effective weapon for dampening the spread of coronavirus.

$250m from World Bank on the way 2020-05-21 14:00:00Bangladesh is on course to availing $250 million in loans from the World Bank this fiscal year to bring in reforms to address jobs challenges by moder

Shutdown gobbles up NBR collections last month 2020-05-21 14:00:00Revenue collection crashed more than 55 per cent in April, revealing the massive hit the Bangladesh economy has taken from the coronavirus outbreak in

‘It is incumbent on international community to ensure 2020-05-21 14:00:00In an uncharacteristic gesture of goodwill, the Asian Infrastructure Investment Bank (AIIB) yesterday approved $250 million in loans as budget support

Firms to get until June to file VAT 2020-05-21 14:00:00Businesses that have failed to file value-added tax (VAT) returns of March and April owing to the countrywide shutdown are set to get a new deadline i

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China to evacuate its citizens from India amid 2020-05-25 10:11:11The Chinese embassy put out a notice on its website on Monday, asking those wanting to return home to book tickets in special flights

Coronavirus LIVE: 805 fresh cases in Tamil Nadu, 2020-05-25 10:02:50Coronavirus update: India has overtaken Iran to become 10th worst affected country. Globally, there are 5,497,650 Covid-19 cases. Stay tuned with Bu

Promoter to sell 2.75% stake worth $1 bn 2020-05-25 09:48:02Shares are being offered to large investors at 6 per cent discount to March 22 closing price of Rs 593; Mittal company joins top Indian companies in r

Realme to make Smart TVs in India after 2020-05-25 09:18:35To attain the goal, it is expanding its distribution channels to tier-4 and tier-5 towns, aiming to have 400-plus distributors onboard to cover 35,000

HDFC's pre-tax profit down 27% in Q4 due 2020-05-25 08:09:40After adjusting for fair value adjustments, profit on sale of investment, dividend and provisioning, the adjusted profit before tax for the quarter en

Govt ask RBI to remove sugar from negative 2020-05-25 07:56:20Such a move would spur infusion of fresh liquidity and working capital in sugar mills, facilitating speedy settlement of cane arrears

Oxford University Covid-19 vaccine trial has 50% chance 2020-05-25 07:34:32The University of Oxford last week announced that the advance human trial of the vaccine will involve up to 10,260 volunteers across the UK

Domestic air travel resumes with confusion at airports, 2020-05-25 07:20:09Chaos will make it even harder for airlines to recover from the impact of a two-month lockdown to contain the coronavirus, said analysts.

Sieze LG Polymers premises, Andhra HC orders over 2020-05-25 06:13:04The premises of the company shall be completely seized and no one be allowed to enter into the premises, including the directors of the company, the c

SC allows AI to run int'l flights with 2020-05-25 05:43:12The top court said that after June 6, Air India will operate its non-scheduled flights in accordance with the interim order to be passed by the Bombay

40% tourism firms staring at complete shutdown risk 2020-05-25 05:21:36The report said that 81 per cent travel and tourism companies have lost their revenue up to 100 per cent

Flight resumption paves way for Parliamentary committee meetings 2020-05-25 04:57:34Monsoon session of Parliament likely to be on schedule, though social distancing challenges remain

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