NEW YORK: The Dow posted big gains again on Wednesday (May 27) on continued optimism over the reopening of the US economy, even as a fresh Federal Reserve report pointed to anxiety among many businesses. The Dow Jones Industrial Average rose 553.16 points (2.21 per cent) to 25,548.27. The broad...
Top fund manager BlackRock Inc on Wednesday said it cast an advisory vote in favor of an independent chairman at Exxon Mobil Corp and cast votes against the reelection of two directors over the company's approach to climate risks.
LOS ANGELES: Las Vegas casinos, which have been shuttered for more than two months because of the pandemic, will be able to reopen next week with restrictions on physical distancing and crowd numbers, the state's governor announced late on Tuesday. "We welcome the visitors from across the country ...
American Airlines Group Inc's is not considering a Chapter 11 bankruptcy filing, Chief Executive Doug Parker said at a conference on Wednesday, and shot down speculation that a major U.S. carrier could disappear due to the coronavirus pandemic.
U.S. logistics company FedEx Corp is close to taking a stake in German parcel delivery firm Hermes, the Handelsblatt newspaper reported on Wednesday.
Economic activity declined sharply across the United States over the past several weeks, according to a Federal Reserve report released on Wednesday, reflecting the disruptions caused by the coronavirus pandemic.
Huawei Technologies Co Ltd's Chief Financial Officer Meng Wanzhou has lost a key aspect of the trial on her extradition to the United States, a Canadian court announced on Wednesday.
HAVANA: The coronavirus pandemic is highlighting growth in inequality in Communist Cuba as worsening shortages force most citizens to spend hours in line to purchase basic goods while the better-off are shopping online. The disruption from the pandemic has plunged Cuba into its worst economic ...
Chevron Corp expects a 10per cent to 15per cent reduction in positions across the company as part of restructuring efforts it started late last year, according to an internal memo seen by Reuters.
SINGAPORE: Singapore's financial position will be "a lot weaker in the coming years", but the Government will continue to find ways to manage this "difficult financial situation", said Deputy Prime Minister Heng Swee Keat in an interview with CNA on Wednesday (May 27). A total of S$52 billion will ...
