Austria's government and Lufthansa-owned carrier Austrian Airlines on Tuesday reached agreement on loans for the airline and to keep Vienna airport as a long-haul hub, a major step forward in the rescue negotiations, daily Kurier said.
Low-cost carrier Ryanair challenged Germany's 9 billion euro rescue package for Lufthansa on Tuesday, saying it distorted competition, while the German carrier moves towards finalising the deal next month.
German carmaker BMW said on Tuesday it would begin a gradual restart of operations at its plant in the central Mexican state of San Luis Potosi on Wednesday, May 27.
Shares in LATAM Airlines Group SA plunged 51% on Santiago´s stock exchange after the region´s top carrier filed for U.S. bankruptcy protection on Tuesday.
U.S. stocks jumped and the S&P 500 breached 3,000 points on Tuesday as optimism about a potential coronavirus vaccine and a revival in business activity helped investors overlook simmering Sino-U.S. tensions.
U.S. stocks jumped and the S&P 500 crossed 3,000 points on Tuesday as optimism about a potential coronavirus vaccine and a revival in business activity helped investors overlook simmering Sino-U.S. tensions.
Apple Inc plans to reopen about 100 U.S. stores, mostly with curbside pickup but some with walk-in service, the company said on Tuesday.
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Tuesday that he expects the bank to take another significant credit reserve build in the second quarter that is "roughly equivalent" to the billions it added to its reserves in the first quarter.
Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks up with coronavirus restrictions easing.
U.S. consumer confidence nudged up in May, suggesting the worst of the novel coronavirus-driven economic slump was likely in the past as the country starts to reopen, but it could take a while for the economy to dig out of its hole amid record unemployment.
Norway's Equinor ASA , Brazil's Dommo Energia SA and Anglo-French firm Perenco are among at least six oil producers that have registered coronavirus cases among employees or contractors at facilities off the coast of Brazil, according to industry and regulatory sources.
Dimon was asked for his opinion on the valuation of the biggest U.S. bank by assets.
Milan's Arbitral Tribunal has judged that the contracts over the sale of Italy's RCS headquarters to Blackstone in 2013 were valid but found that the purchaser's behaviour may entitle the Italian publisher to compensatory damages, RCS said on Tuesday.
Unthinkable just two months ago as the world economy shut down in response to the coronavirus pandemic, the U.S. stock benchmark S&P 500 index broke through the psychologically-important 3,000 level on Tuesday, capping a 37% stock rally since its March low.
U.S. stocks jumped on Tuesday, propelling the S&P 500 past the key psychological level of 3,000 points as optimism about developing coronavirus vaccines and the revival of business activity helped investors overlook simmering China-U.S. tensions.