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World stock markets slip on second wave virus fears, safe-havens rise

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Category: topSource: REUTERSJun 18th, 2020Related News

Wirecard scrambles to find missing $2.1 billion as loan crunch looms

Wirecard's auditor has refused to sign off its 2019 accounts over a missing $2.1 billion, sending its shares down more than 60% as the German payments firm warned the delay could cause billions in loans to be called in as early as Friday......»»

Category: topSource: REUTERSJun 18th, 2020Related News

Vans, not glamorous, but key as EU weighs autos mega-merger

Their silhouettes don't stir dreams of adventure like a sports car or trendy SUV, but vans are a rare source of profit for European carmakers, which is why EU regulators are focused on them as they decide whether to back an industry mega-merger......»»

Category: topSource: REUTERSJun 18th, 2020Related News

U.S. labor market recovery stalling; second wave of layoffs underway

The number of Americans filing for unemployment benefi.....»»

Category: topSource: REUTERSJun 18th, 2020Related News

Oil prices broadly stable after mixed U.S. data

Oil prices were broadly stable on Thursday after dipping in and out of positive territory as bulls took their cue from shrinking U.S. oil product stocks and bears looked at rising crude stocks and new coronavirus cases......»»

Category: topSource: REUTERSJun 18th, 2020Related News

S&P 500, Dow dip on rising virus cases, elevated jobless claims

The S&P 500 and Dow retreated on Thursday as an uptick in coronavirus infections in parts of the United States threatened to upend bets of a swift economic recovery, with data showing weekly jobless claims remained elevated......»»

Category: topSource: REUTERSJun 18th, 2020Related News

Prudential sells Jackson equity stake to Apollo-backed Athene for $500 million

Prudential sold a minority stake in its U.S. business, Jackson, to Apollo Global-backed Athene Holding for $500 million, the insurer said on Thursday, in the first phase of its plan to create an independent U.S. business......»»

Category: topSource: REUTERSJun 18th, 2020Related News

IMF says deeper-than-expected contraction in U.S. economy likely in second quarter

A defacto lockdown in the United States has lasted longer than expected despite a rollback in some restrictions on mobility, pointing to a deeper-than-expected contraction in gross domestic product in the second quarter, the IMF said on Thursday......»»

Category: topSource: REUTERSJun 18th, 2020Related News

Audi boss to head carmaker"s R+D division: sources

Markus Duesmann, the head of Audi , will also head the research and development division at German carmaker Volkswagen's premium brand, two sources told Reuters on Thursday......»»

Category: topSource: REUTERSJun 18th, 2020Related News

Coronavirus raises stakes as auto unions ready for a fight

The coronavirus crisis has forced carmakers to speed up layoffs that must be matched with hefty payouts and deft negotiation to retain the support of powerful trade unions vital if Europe's auto industry is to manage a shift to low-emission vehicles......»»

Category: topSource: REUTERSJun 18th, 2020Related News

U.S. weekly jobless claims remain high as second wave of layoffs hits industries

A second wave of layoffs amid weak demand and fractured supply chains is keeping new U.S. applications for unemployment benefits elevated, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession......»»

Category: topSource: REUTERSJun 18th, 2020Related News

KKR buys vacation parks firm Roompot in $1.1 billion deal

U.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 PAI Partners......»»

Category: topSource: REUTERSJun 18th, 2020Related News

Oil prices tick up as drop in U.S. product stocks encourages bulls

Oil prices ticked up on Thursday after U.S. oil product stocks shrank, providing bulls with ammunition ahead of a meeting between OPEC producers and their allies to discuss their future output strategy......»»

Category: topSource: REUTERSJun 18th, 2020Related News

Cash flows into U.S. growth funds surge, value funds see outflows

U.S. investors have ramped up investments in growth funds over the past few months on expectations of higher returns and safety, while they dumped value funds despite cheaper prices after this year's pandemic-linked selloff......»»

Category: topSource: REUTERSJun 18th, 2020Related News

Colgate reviewing Chinese toothpaste brand Darlie amid debate on racial inequality

Colgate-Palmolive on Thursday said it was working to review and evolve its Chinese toothpaste brand, Darlie, the latest in a string of brand reassessments amid a U.S. debate on racial inequality......»»

Category: topSource: REUTERSJun 18th, 2020Related News

Wall Street set to open lower on rising virus cases, elevated jobless claims

U.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 recovery, with data showing that weekly jobless claims remained elevated......»»

Category: topSource: REUTERSJun 18th, 2020Related News

Factbox: German payments firm Wirecard and its missing billions

Billions 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 off on its 2019 accounts, knocking more than half the value off its shares on Thursday......»»

Category: topSource: REUTERSJun 18th, 2020Related News

Wirecard faces loan crunch over missing $2.1 billion

Wirecard'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 Thursday as it warned the delay could cause billions in loans to be called in as early as Friday......»»

Category: topSource: REUTERSJun 18th, 2020Related News

Chanel warns virus impact will linger on luxury sector

The 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 Thursday, warning the French fashion label's 2020 revenues and profit would be significantly hit......»»

Category: topSource: REUTERSJun 18th, 2020Related News

Futures drift lower ahead of jobless claims data

Futures tracking the S&P 500 and Dow indexes edged lower on Thursday as caution over an uptick in COVID-19 infections in parts of the United States and China weighed on the mood ahead of a weekly jobless claims report......»»

Category: topSource: REUTERSJun 18th, 2020Related News