IMF’s Georgieva urges tech companies to be responsible with pandemic windfalls

Economy13 hours ago (May 15, 2020 02:05PM ET) (C) Reuters. FILE PHOTO: FILE PHOTO: IMF Managing Director Kristalina Georgieva speaks during a conference hosted by the Vatican on economic solidarity WASHINGTON (Reuters) – Big technology companies that are reaping gains…

Consortium of firms wins bid to build third phase of Mexico’s ‘Mayan Train’

Economy11 hours ago (May 15, 2020 04:20PM ET) MEXICO CITY (Reuters) – A consortium of three construction and engineering companies won a bid to build a key part of the government’s $8 billion “Mayan Train” project planned for southern Mexico,…

Daimler to idle Alabama Mercedes assembly plant because of parts shortage

Economy12 hours ago (May 15, 2020 02:50PM ET) (C) Reuters. FILE PHOTO: The spread of the coronavirus disease (COVID-19) in Germany (Reuters) – Daimler AG (DE:DAIGn) said on Friday it will idle its Mercedes-Benz sport utility vehicle assembly plant in…

Bondholders have not submitted new counterproposal since Argentina rejected one: Guzman

Economy10 hours ago (May 15, 2020 04:40PM ET) (C) Reuters. Argentine Economy Minister Martin Guzman gestures during an interview with Reuters, in Buenos Aires BUENOS AIRES (Reuters) – Argentina has not received a new counter-proposal from bondholders since rejecting one…

Brazil says airline bailout settled, but carriers say talks ongoing

Economy9 hours ago (May 15, 2020 06:20PM ET) By Rodrigo Viga Gaier and Marcelo Rochabrun RIO DE JANEIRO/SAO PAULO (Reuters) – Brazil’s state development bank BNDES said on Friday that the country’s top three airlines had accepted a $680 million…

California officials reject subsidies for Musk’s SpaceX over Tesla spat

Economy3 hours ago (May 16, 2020 12:35AM ET) (C) Reuters. FILE PHOTO: SpaceX founder and chief engineer Elon Musk speaks at a post-launch news conference to discuss the SpaceX Crew Dragon astronaut capsule in-flight abort test at the Kennedy Space…

V-shaped recovery unlikely for Swiss economy: SNB’s Maechler

Economy9 hours ago (May 15, 2020 06:20PM ET) (C) Reuters. Swiss National Bank’s end-of-the-year conference in Bern By Brenna Hughes Neghaiwi ZURICH (Reuters) – A full V-shaped recovery is unlikely for the Swiss economy, Swiss National Bank Governing Board member…

U.S. securities regulator scrutinizes public companies that took emergency loans: sources

Economy16 hours ago (May 14, 2020 10:30PM ET) 10/10 (C) Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Massachusetts 2/10 By Koh Gui Qing NEW YORK (Reuters) – The U.S. securities regulator has asked public companies that received…

Indonesia’s Trade Slumps as Virus Takes Heavy Toll on Economy

Sign In/Free Sign Up 0 Forex14 hours ago (May 15, 2020 12:09AM ET) (C) Reuters. Indonesia’s Trade Slumps as Virus Takes Heavy Toll on Economy (Bloomberg) — Indonesia’s exports slumped in April and imports plunged for…

Pandemic stirs Wall Street’s social conscience

(C) Reuters. FILE PHOTO: A man wears a protective mask as he walks on Wall Street during the coronavirus outbreak in New York By Swati Pandey, Simon Jessop and Ross Kerber SYDNEY/LONDON (Reuters) – Worker welfare is having a moment…

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