Friday, 17 July 2020

Exclusive: EU in talks with Moderna, BioNtech, CureVac to secure possible COVID vaccines - sources

Reuters.com Newsletter

Exclusive: EU in talks with Moderna, BioNtech, CureVac to secure possible COVID vaccines - sources

The European Union is negotiating advance purchase deals of potential COVID-19 vaccines with drugmakers Moderna, Sanofi and Johnson & Johnson and biotech firms BioNtech and CureVac, two EU sources told Reuters.

Cautious optimism on crucial EU summit lifts euro

The euro was heading for four-month highs on hopes a European Union summit will make progress on a recovery fund that would help lift the EU out of recession and deepen its integration.

End of the jumbo: British Airways retires 747 early due to coronavirus crisis

British Airways, the world's largest operator of Boeing 747s, will retire its entire jumbo jet fleet with immediate effect after the COVID-19 pandemic sent air travel into freefall.

Exclusive: HSBC's global equities boss Hossein Zaimi to leave bank

HSBC's global equities chief Hossein Zaimi is leaving the bank, sources said on Friday, in the latest revamp of the lender's embattled investment banking operations.

On eve of bankruptcy, U.S. firms shower execs with bonuses

Nearly a third of more than 40 large companies seeking U.S. bankruptcy protection during the coronavirus pandemic awarded bonuses to executives within a month of filing their cases, according to a Reuters analysis of securities filings and court records.

Stock futures rise as recovery hopes offset virus fears

U.S. stock index futures edged higher on Friday as investors bet on more official stimulus to drive a post-pandemic economic revival, even as COVID-19 cases saw another record rise at home.

As big U.S. banks let customers delay payments, loan losses remain unclear

Major U.S. bank executives this week said they extended forbearance programs to millions of credit card, auto loan and mortgage customers who were financially hard hit by the coronavirus pandemic.

Bored bank customers flock to day-trading platforms during pandemic

Retail investing is having a moment. Major U.S. brokerages that reported quarterly results this week cheered the self-directed day trading happening on their platforms as individuals with a bit of extra money and time on their hands during the coronavirus pandemic have been engaging more in markets.

Stripe wins business following Wirecard's collapse

The U.S. payments company Stripe is picking up some former Wirecard customers, an executive told Reuters.

BlackRock profit jumps 21% on fixed-income boost

BlackRock Inc , the world's largest asset manager, reported a 21% jump in quarterly profit on Friday as investors poured money into its fixed-income funds and cash management services.

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