BRUSSELS (Reuters) – The euro zone economy will drop deeper into recession this year and rebound less steeply in 2021 than previously thought, the European Commission forecast on Tuesday, with
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Futures ease after five-day run as virus worries weigh
(Reuters) – U.S. stock index futures slipped on Tuesday following the benchmark S&P 500 and Nasdaq’s five-day rally, as investors weighed the risks to the economy from tens of thousands
European stocks ease from one-month highs as rebound hopes dim
(Reuters) – European shares fell on Tuesday as surging U.S. coronavirus cases and forecasts for a deeper-than-feared recession in the euro zone dimmed optimism around a post-pandemic rebound. The pan-European
AIA Singapore makes key executive changes
SINGAPORE (THE BUSINESS TIMES) – Insurer AIA Singapore has made several changes to its leadership team, effective Tuesday (July 7). Ms Ho Lee Yen, who was chief customer and marketing officer,
U.S. home solar installer Sunrun to buy Vivint Solar for about $1.46 billion
(Reuters) – Sunrun Inc (RUN.O) said on Monday it will buy Blackstone-backed peer Vivint Solar (VSLR.N) for about $1.46 billion in an all-stock deal, as the top U.S. residential solar
Fed's Bostic says U.S. recovery may be 'levelling off': FT interview
(Reuters) – Atlanta Federal Reserve Bank President Raphael Bostic said the U.S. economic recovery is in danger of stalling due to the recent spike in coronavirus cases across many American
U.S. pandemic aid program saved 51.1 million jobs, but wealthy and connected also benefited
WASHINGTON (Reuters) – Some 51.1 million jobs were protected by a high-profile pandemic aid program, the Trump administration said on Monday as it revealed how a firehose of $521.4 billion
Uber buys Postmates, ups delivery game in $2.65 billion deal – The Denver Post
SILVER SPRING, Md. — Uber has widened its reach in the fiercely competitive delivery market by acquiring Postmates in a $2.65 billion all-stock deal, the company said Monday. The acquisition
GAM sales chief Rainsford exits in management revamp
ZURICH (Reuters) – GAM Investments’ head of sales and distribution, Tim Rainsford, is leaving the Swiss asset management group amid a management revamp, GAM said on Monday. Former BlackRock executive
Wall Street rises on strong services sector, hopes of China recovery
(Reuters) – Wall Street’s major indexes were up more than 1% on Monday as data showing unexpected growth in the U.S. services sector last month and a revival in China’s