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Markets

Container lines expect US import binge to lose steam

Surging shipments into the United States are fueling record high freight costs and logjams at seaports, but transportation executives say the rally will lose steam with a second wave of COVID-19 restrictions on the cards.

Markets

Starbucks, Yum sales likely recovered, but new costs may weigh

U.S. restaurant chains including Starbucks Corp and Taco Bell parent Yum Brands Inc could show a sales recovery as consumers resume normal activities, but higher wages, commodity and COVID-19-related costs will likely weigh on earnings.

Markets

Holiday shoppers are coming to town with health checklist: survey

Holiday shoppers braving the coronavirus pandemic to buy gifts in person are checking which stores are naughty or nice in terms of public health, a worldwide survey released on Monday showed.

Markets

Spirit cuts purchase price for Bombardier aerostructures unit as COVID-19 hits industry

U.S. aircraft parts maker Spirit AeroSystems said on Monday it reached a deal with Bombardier Inc to cut the cash component of a deal to buy the Canadian planemaker's aerostructures unit by 45per cent to US$275 million as COVID-19 weighed on the aerospace sector.

Markets

Stuttgart prosecutors drop investigation into ex-VW boss Winterkorn

Prosecutors in the German city of Stuttgart have dropped a market manipulation investigation into former Volkswagen chief executive Martin Winterkorn, deferring to a criminal case against him in the city of Braunschweig.

Markets

US new home sales drop; record low mortgage rates underpinning demand

Sales of new U.S. single-family homes unexpectedly fell in September after four straight monthly increases, but the housing market remains supported by record low mortgage rates and demand for more room as the COVID-19 pandemic drags on.

Markets

Wall Street extends slide on virus worries, elusive stimulus deal

U.S. stocks extended their slide on Monday, setting the Dow for its worst day in more than seven weeks, as soaring coronavirus cases and a deadlock in Washington over the next fiscal relief bill raised concerns over the economy and corporate earnings.

Markets

US new home sales fall; low mortgage rate still underpinning demand

Sales of new U.S. single-family homes unexpectedly fell in September after four straight monthly increases, but the housing market remains supported by record low mortgage rates and demand for more room as the COVID-19 pandemic drags on.

Markets

US new home sales fall in September; prices continue to rise

Sales of new U.S. single-family homes unexpectedly fell in September after four straight monthly increases, but the housing market remains supported by record low mortgage rates and demand for more room as the COVID-19 pandemic drags on.

Markets

OPEC chief says rising infections may delay oil recovery

OPEC's secretary general said on Monday an oil market recovery may take longer than hoped as coronavirus inflections rise around the world, and OPEC and its allies would "stay the course" in balancing the market.

Markets

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