Wednesday, 15 July 2020

Delta Air to take up to $3 billion charge on voluntary retirement plans

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Delta Air to take up to $3 billion charge on voluntary retirement plans

Delta Air Lines said on Wednesday it would record charges of up to $3 billion on employee voluntary retirement and separation plans in the current quarter, as the U.S. carrier looks to cut costs due to the coronavirus crisis.

Google backs Reliance's Jio Platforms with $4.5 billion India investment

Alphabet's Google will buy a 7.7% stake for $4.5 billion in Jio Platforms, taking a seat on its board alongside another big name backer Facebook to help the digital arm of Reliance Industries realise its lofty ambitions.

EU watchdog to review Germany's financial reporting setup after Wirecard

The European Union's markets watchdog said on Wednesday that it was reviewing Germany's financial reporting setup in the wake of Wirecard's collapse.

Goldman Sachs profit rises on trading, underwriting boost

Goldman Sachs Group Inc reported higher quarterly profit on Wednesday, driven by strength its core bond trading and underwriting businesses.

Dollar hits one-month low; riskier currencies gain on vaccine hopes

Risk sentiment revived in currency markets on Wednesday, as progress towards a COVID-19 vaccine helped equities rebound and commodity currencies strengthen, while the dollar fell to a one-month low.

Blow for EU as Apple wins fight against $15 billion tax order

Apple scored a major win on Wednesday as Europe's second-highest court rejected an EU order for the iPhone maker to pay 13 billion euros ($15 billion) in Irish back taxes, dealing a blow to the bloc's attempts to crack down on sweetheart tax deals.

Stock futures gain as vaccine hopes offset U.S.-China tensions

U.S. stock index futures rose on Wednesday as investors took heart from signs of progress in developing a COVID-19 vaccine, looking past record daily death rates in some states and brewing tensions between Washington and Beijing.

Early data from Moderna's coronavirus vaccine sparks Wall Street hopes

Moderna Inc's shares rose 17% on Wednesday after a small-scale study showed its experimental COVID-19 vaccine produced high levels of virus-killing antibodies, bolstering hopes the shot could prove effective in later stages of testing.

Nissan bets on new Ariya electric SUV to symbolize its revamp, but sales plans modest

Nissan Motor Co on Wednesday unveiled the Ariya - an electric SUV and its first all-new global model in five years - hoping it will symbolize its road to recovery after more than a year of scandal and a precipitous decline into earnings losses.

Brazil's Embraer says Helvetic to convert orders to bigger aircraft: filing

Brazilian planemaker Embraer SA said Helvetic Airways has reached an agreement to convert four firm orders to the larger aircraft E195-E2 from the original E190-E2s.

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