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GM, Ford join U.S. companies condemning George Floyd death, racism

General Motors Co and Ford Motor Co condemned racial inequality in the United States following the death of George Floyd, an unarmed black man, at the hands of police in Minneapolis last week.



5 years ago

Global airport group says pandemic safety rules to lengthen pre-departure waits

New global guidelines featuring physical distancing to restart aviation safely during the coronavirus pandemic could add up to two hours of pre-departure time for passengers at some airports during peak hours, the head of an international airports' group said on Tuesday.



5 years ago

JPMorgan, Barclays settle Mexican bond rigging litigation

JPMorgan Chase & Co and Barclays Plc will pay $20.7 million to resolve investors' claims they conspired to rig the Mexican government bond market, the first of nine banks in the proposed class-action litigation to settle.



5 years ago

No major conditions on Renault's state-backed loan, chairman says

France has not attached any major conditions to a 5 billion euro ($5.6 billion) state-backed loan for Renault, the carmaker's chairman said on Tuesday, although the finance minister called on the company to hold "exemplary" talks with unions.



5 years ago

Financing hunt during pandemic lifts May U.S. convertible debt issuance to record

U.S. issuance of convertible bonds in May hit a record high of $20.7 billion, according to Bank of America data, as companies struggling with the impact of the coronavirus pandemic ventured into the one-time niche market seeking cheaper and easier ways to borrow cash.



5 years ago

Britain, EU clash over financial market access: diplomats

Britain wants binding commitments from the European Union on financial market access to avoid the country's finance industry suddenly being cut off from the bloc, a request Brussels has rejected, EU officials and diplomats said.



5 years ago

China is using Huawei to drive a wedge in the UK-U.S. special relationship: senator

China is using telecoms giant Huawei to try to drive a wedge between Britain and the United States, Republican senator Tom Cotton told British lawmakers on Tuesday.



5 years ago

This is a lucrative — but little-used — unemployment benefit: 'It's a complete windfall'

Work-sharing programs, which are part of the unemployment insurance system, could financially benefit workers and businesses amid the coronavirus pandemic. Turns out, they're rarely used.

5 years ago

Oil rises nearly 3% ahead of OPEC+ meeting, easing lockdowns

Oil prices were up about $1 a barrel on Tuesday on expectations that major producers will agree to extend output cuts during a video conference likely to be held this week and as countries and U.S. states begin to restart after coronavirus lockdowns.



5 years ago

U.S. sanctions four shipping firms for transporting Venezuelan oil

The U.S. Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in Washington's effort to oust socialist President Nicolas Maduro by cutting off the OPEC nation's crude exports.



5 years ago

H&M closes U.S. stores amid protests, says it stands behind black community

H&M, the world's second-biggest fashion retailer, said on Tuesday it had temporarily closed 95 of its stores in the United States because of the violent protests following the death of George Floyd in police custody.



5 years ago

Tax Day is coming soon. What you need for July 15

It feels like only yesterday the Treasury Department gave taxpayers until July to submit last year's returns and pay taxes owed. The new deadline is rapidly approaching. What you should know.

5 years ago

More $1,200 checks? Maybe $2,000 a month? The stimulus proposals that could put more money in your wallet

Surveys show Americans want more financial help from the federal government. But the question is exactly how the government will get more money into their hands. These are the proposals that are on the table. Experts weigh in on what strategies would help those who are suffering most.

5 years ago

Goldman Sachs commits to new central Paris headquarters

U.S. bank Goldman Sachs has signed a lease for a new Paris headquarters building, committing to a city centre office development at a time when many banks are weighing scaling back their presence in cities amid the COVID-19 pandemic.



5 years ago

U.S. auto sales in May encourage Detroit plan to rebuild inventories

Several automakers on Tuesday reported stronger-than-expected May sales in the United States, and the Detroit automakers said they will work through their annual summer shutdowns to rebuild inventories as demand recovers from coronavirus shutdowns.



5 years ago