Markets

Gatwick Airport, Britain's no.2 airport to the south of London, said it needed to axe up to 600 jobs, or 24per cent of its workforce, because of the travel slump caused by the COVID-19 pandemic.

The U.S. Securities and Exchange Commission (SEC) on Wednesday voted to adopt changes to its decades-old definition of a professional investor in order to allow more Americans to buy shares in private companies.

New orders for key U.S.-made capital goods increased in July, though the pace slowed from June's robust gain, suggesting the rebound in business investment would be gradual amid uncertainty about the course of the COVID-19 pandemic.

Former Bank of England Governor Mark Carney has joined asset management company Brookfield as a vice chair and head of environmental, social and governance (ESG) investment, his first major business role since leaving the central bank.

Luxury watchmakers Bulgari and Breitling and a handful of Swiss brands are gathering in Geneva this week for a scaled-down industry exhibition, braving the coronavirus pandemic to try to revitalise demand.

SoftBank-backed used car platform Kavak is expanding from Mexico into Argentina in a merger with secondhand auto company Checkars after seeing sales recover from a pandemic-induced dip, Kavak Chief Executive Carlos Garcia said in an interview on Tuesday.

Banks in the UK are coming under growing pressure from regulators to get their new hubs in the European Union up and running even as COVID-19 and foot-dragging by clients disrupt Brexit relocation plans, banks and regulators say.

Don't get too attached to those recent stock market gains, at least according to strategists polled by Reuters.

KUALA LUMPUR: AirAsia X needs creditors' support to ride out the coronavirus crisis, the Malaysian long-haul budget airline said on Wednesday (Aug 26), as it posted a quarterly loss and revenue plunge. The company reported a net loss of RM305.2 million (US$73.2 million) for the April-June quarter ...

Futures tied to the S&P 500 were little changed on Wednesday after bleak consumer confidence data provided a sobering view on the health of the economy, while investors held back ahead of Federal Reserve Chair Jerome Powell's speech this week.