Thursday 25 June 2020

Daily Investor Update: Harley-Davidson to cut about 140 jobs in United States

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Harley-Davidson to cut about 140 jobs in United States

Harley-Davidson Inc said on Thursday it will cut about 140 jobs in the United States following the motorcycle maker's decision to adjust production volumes.

Dollar strengthens as virus fears dent risk appetite

The U.S. dollar gained on Thursday due to safety buying as fears grew over a rapid rise in coronavirus infections in some U.S. states, and as trade tensions worsened between the United States and the European Union.

Amazon secures naming rights to new Seattle stadium

Amazon.com Inc has secured the naming rights to the new home stadium for the National Hockey League's Seattle franchise and pledged to make it the first ever net-zero carbon certified arena, the online retailer said on Thursday.

IMF warns markets at risk of correction after run-up

Markets for stocks and other risky assets could suffer a second swoon if the coronavirus spreads more widely, lockdowns are reimposed or trade tensions surge again, the International Monetary Fund warned on Thursday.

Oil prices climb as U.S. economic data lends support

Oil prices rose about 2% in a volatile session on Thursday, buoyed by signs of a marginal improvement in the U.S. economy and a tepid rise in fuel demand, but price gains were limited by rising cases of COVID-19 in some U.S. states.

Emirates will have to review strategy after coronavirus pandemic: COO

Gulf airline Emirates needs to redefine its strategy after the coronavirus pandemic brought global aviation to a near halt, its chief operating officer said on Thursday, flagging an increased focus on bringing more visitors to Dubai.

Occidental signals writedown of up to $9 billion on bleak oil price outlook

Occidental Petroleum Corp will write down the value of its oil and gas properties by up to $9 billion this quarter and restructure some debts to avoid a possible default, the company said on Thursday.

'The money's gone': Wirecard collapses owing $4 billion

Wirecard collapsed on Thursday owing creditors almost $4 billion after disclosing a gaping hole in its books that its auditor EY said was the result of a sophisticated global fraud.

German minister demands regulatory rethink after Wirecard collapse

German Finance Minister Olaf Scholz described as a scandal the collapse of Wirecard after the payments company disclosed a hole in its books that left it owing creditors almost $4 billion, adding it was a wake-up call for supervision.

Apple to close 14 stores in Florida as virus cases rise, total re-closures reaches 32

Apple Inc said on Thursday that it would close 14 stores in Florida starting Friday due to a rise in COVID-19 cases, bringing its total re-closures to 32 stores in the United States.

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