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Reuters: Business News

Chanel warns virus impact will linger on luxury 2020-06-18 09:29:03The luxury industry will feel the fallout from the coronavirus crisis for the next two years if not longer, Chanel's chief financial officer said on

Wirecard faces loan crunch over missing $2.1 billion 2020-06-18 09:25:25Wirecard's auditor has refused to sign off its 2019 accounts over a missing $2.1 billion, sending the German payments firm's shares down over 60% on

Factbox: German payments firm Wirecard and its missing 2020-06-18 09:24:49Billions of euros of loans to Wirecard could be called in as early as Friday after the German payments company said its auditor had refused to sign o

Wall Street set to open lower on rising 2020-06-18 09:19:05U.S. stock futures fell on Thursday as an uptick in COVID-19 infections in parts of the United States threatened to upend bets of a swift economic rec

Colgate reviewing Chinese toothpaste brand Darlie amid debate 2020-06-18 09:17:01Colgate-Palmolive on Thursday said it was working to review and evolve its Chinese toothpaste brand, Darlie, the latest in a string of brand reassess

Cash flows into U.S. growth funds surge, value 2020-06-18 09:08:45U.S. investors have ramped up investments in growth funds over the past few months on expectations of higher returns and safety, while they dumped val

U.S. Chamber urges China to accelerate purchases of 2020-06-18 08:53:29The U.S. Chamber of Commerce on Thursday underscored the importance of functional U.S.-China ties and urged Beijing to step up its purchases of U.S. g

Oil prices tick up as drop in U.S. 2020-06-18 08:48:56Oil prices ticked up on Thursday after U.S. oil product stocks shrank, providing bulls with ammunition ahead of a meeting between OPEC producers and t

KKR buys vacation parks firm Roompot in $1.1 2020-06-18 08:47:56U.S. private equity firm KKR said on Thursday it had reached an agreement to buy Dutch vacation parks firm Roompot from French private equity firm PA

U.S. weekly jobless claims remain high as second 2020-06-18 08:38:50A second wave of layoffs amid weak demand and fractured supply chains is keeping new U.S. applications for unemployment benefits elevated, supporting

Kroger expects to top 2020 outlook, beats estimates 2020-06-18 08:27:11Kroger Co said it expects to exceed its 2020 outlook for same-store sales and profit after beating Wall Street expectations for quarterly results on

Exclusive: EU in advanced talks with Johnson & 2020-06-18 08:25:28The European Commission is in advanced talks with pharmaceutical giant Johnson & Johnson to reserve or buy up-front doses of its COVID-19 vaccine

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Disney World reopens as WHO urges virus caution New! 2020-07-12 14:00:00Florida’s Walt Disney World theme park reopened Saturday in a state hard hit by the coronavirus, as the World Health Organization issued a fresh

India in talks with EU for trade deal, New! 2020-07-12 14:00:00India has started trade talks with the European Union (EU) and is open to dialogue with the United Kingdom for a free trade agreement, the trade minis

Pharma companies count their blessings as exports rise New! 2020-07-12 14:00:00Bangladesh’s pharmaceutical industry managed to grow its exports in the just-concluded fiscal year on the back of a steady demand for medicines

Canada’s oil-producing Alberta looks to NHL to boost New! 2020-07-12 14:00:00Canada’s oil-producing province of Alberta, hard-hit by lockdowns caused by the coronavirus pandemic, is counting on National Hockey League (NHL

Drugmakers fuel Dhaka stocks’ momentum New! 2020-07-12 14:00:00Dhaka stocks yesterday maintained last week’s gaining momentum riding on the rising demand for stocks of drug makers amid the Covid-19 pandemic.

Dubai announces new coronavirus economic support worth over New! 2020-07-12 14:00:00Dubai has announced a new package worth 1.5 billion dirhams ($408 million) to help the economy cope with the effects of the coronavirus pandemic, the

AB Bank asks over 100 employees to New! 2020-07-12 14:00:00AB Bank has asked more than 100 of its employees to resign as part of its efforts to restructure operations.

German states to borrow 95b euros to cushion New! 2020-07-12 14:00:00Germany’s 16 states are planning to take on 95 billion euros ($107 billion) in new debt as part of their spending efforts to cushion the economy

Walton compressors hit Turkish market New! 2020-07-12 14:00:00Walton has expanded its export basket further as the local electronics giant started shipments of made in Bangladesh compressors for refrigerators and

Card spending halves in April New! 2020-07-12 14:00:00The coronavirus pandemic triggered a decline in card spending by nearly 50 per cent in April, in an indication of a massive fall in demand in Banglade

Remove all investment barriers for faster economic recovery: New! 2020-07-12 14:00:00Bangladesh needs to quickly remove any barriers preventing growth in both domestic and foreign direct investment (FDI) in order to ensure the country&

Apple supplier Foxconn to invest $1b in India New! 2020-07-12 14:00:00Foxconn plans to invest up to $1 billion to expand a factory in southern India where the Taiwanese contract manufacturer assembles Apple iPhones, two

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England vs West Indies Live score 1st Test 2020-07-12 10:15:06Chasing 200 runs, Roston Chase and Blackwood put visitors back in hunt on Day 5 of England vs West Indies 1st Test with a 50-run stand. Check Eng vs W

Coronavirus LIVE: 7,827 new Covid-19 cases in Maharashtra; 2020-07-12 09:46:57Coronavirus latest news: The World Health Organization has lauded Mumbai's Dharavi for breaking the chain of Covid-19 transmission

Latest News LIVE: Sachin Pilot also sidelined by 2020-07-12 08:40:42The India Meteorology Department has said that heavy-to-very heavy rainfall is expected in sub-Himalayan West Bengal and Sikkim, and East Uttar Prades

After Harvard & MIT, Johns Hopkins sues US 2020-07-12 08:36:24The US has the largest international student population in the world, with more than a million of the nation's higher education students

Stressed NBFCs, HFCs seek Rs 10k-cr support under 2020-07-12 07:45:51The scheme was launched on July 1

India's FY21 GDP growth to be in negative 2020-07-12 07:24:51The Covid-19 pandemic outbreak has severely impacted the economic activities

Earnings, macro data, global cues to dictate market 2020-07-12 07:05:50Retail inflation data will be announced on Monday, followed by WPI inflation numbers on Tuesday

Samsung Galaxy Note 20 may have a smaller 2020-07-12 06:56:03South Korean tech giant Samsung is set to host a virtual event on August 5 to launch the new Galaxy Note 20 series, and a new report suggests it will

Govt explores options to fund Udan scheme as 2020-07-12 06:34:31Domestic flights, including those under the regional connectivity scheme, resumed on May 25 after a suspension of two months

The perils of name lending: Banks count cost 2020-07-12 05:48:59Borrowing on the basis of reputation, known as "name lending", and taking on a large exposure to one person or entity is not unusual in the Gulf reg

FPIs pull out Rs 2,867 cr from Indian 2020-07-12 05:47:21The latest withdrawal has come after investment of Rs 24,053 crore by FPIs in domestic markets in June

Eight shortlisted for post of RBI deputy governor; 2020-07-12 04:22:47The selected name from the interview will be sent to the Appointments Committee of the Cabinet headed by the Prime Minister for final approval

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