(Reuters) – Visa Inc’s (V.N) total U.S. payments volume fell at a much slower pace in May from the previous month, indicating that consumer spending was picking up as the […]
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Wall St. flat as recovery hopes offset U.S. protests, China tensions
(Reuters) – U.S. stocks struggled for direction on Monday as investors weighed prospects of a post-pandemic economic recovery against protests across the country over race and an ongoing standoff between […]
Read moreGlobal remittances could fall by $100 billion in 2020, says Citi
LONDON (Reuters) – Slower economic growth expectations prompted Citi on Monday to slash its forecasts for global remittances, saying this raised the risk to credit ratings of smaller emerging market […]
Read moreAsia's factory pain worsens as China's recovery fails to lift demand
TOKYO (Reuters) – Asia’s factory pain deepened in May as the slump in global trade caused by the coronavirus pandemic worsened, with export powerhouses Japan and South Korea suffering the […]
Read moreUS judge orders 15 banks to face big investors' currency rigging lawsuit
NEW YORK (REUTERS) – A US judge on Thursday (May 28) said institutional investors, including BlackRock and Allianz SE’s Pacific Investment Management, can pursue much of their lawsuit accusing 15 […]
Read moreWall Street climbs on healthcare, tech push
(Reuters) – Wall Street’s major indexes rose on Thursday, boosted by gains in healthcare and technology stocks, as investors bet on a swift recovery from a coronavirus-driven economic slump. The […]
Read moreAsian stocks gain on economic hopes, Hong Kong remains a risk
TOKYO/NEW YORK (Reuters) – Asian shares and U.S. stock futures rose on Thursday as growing optimism about economic recovery from the coronavirus pandemic trumped immediate concerns about a standoff between […]
Read moreGum, mints and snack bar sales slump, as U.S. consumers order online amid COVID-19 crisis
LONDON (Reuters) – Impulse purchases – gum, mints and snack bars tossed into a shopping basket as one snakes through the supermarket checkout line – are falling as more people […]
Read moreU.S. businesses hammered by pandemic but see some green shoots, Fed says
(Reuters) – U.S. businesses continued to be slammed by the effects of the novel coronavirus epidemic into the middle of May, a Federal Reserve report showed on Wednesday, and few […]
Read moreOnline sales surge helps Ralph Lauren recover in China
(Reuters) – Ralph Lauren Corp said on Wednesday a surge in online shopping was helping it get back on track in China and putting it on course for a recovery […]
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