An almost 60% surge in shares of American Airlines led stellar gains for a series of social-media hyped stocks on Thursday, broadening a battle between small-time traders and major Wall Street institutions that has shaken U.S. and European stock markets.
Germany is preparing entry bans for travellers from Britain, Portugal, Brazil and South Africa to limit the spread of the more contagious variants of the coronavirus raging in these countries, Interior Minister Horst Seehofer said on Thursday.
American Airlines Group Inc posted a slimmer-than-expected quarterly loss on Thursday and joined rival Delta Air Lines in calling 2021 a year of recovery for an industry that has been ravaged by the coronavirus pandemic.
Copper touched its lowest in over a month on Thursday as investors sought safety in the dollar due to rising coronavirus cases and lockdowns in large economies, pressuring metals priced in the greenback.
U.S. company Mondelez International is being investigated by EU antitrust authorities over concerns it may have blocked cross-border sales of its products in the European Union in breach of competition rules.
Southwest Airlines Co reported an annual loss of $3.1 billion on Thursday, its first since 1972, and said it was facing stalled demand in January and February driven by high levels of COVID-19 cases and hospitalizations.
Shares wiped out their gains in Europe for the year early on Thursday, soured by a sell-off on Wall Street, no end in sight to pandemic lockdowns and a squeeze in short positions.
Last night on Wall Street was probably when the short squeeze battle between a herd of solo traders and seasoned hedge funds over GameStop GME.N stopped being funny, at least for investors looking on from the sidelines.
EasyJet urged governments on Thursday to set out a plan for easing COVID-19 travel restrictions as the British airline warned its prospects had worsened for January-March and it could not give forecasts for the key summer season.
Finnish forestry group UPM has decided to start the basic engineering phase for a biorefinery with annual capacity of 500,000 tonnes of high-quality renewable fuels including sustainable jet fuel, it said on Thursday.
Swatch Group said there was a "good chance" 2021 sales could return to pre-pandemic levels after the coronavirus plunged the world's biggest watchmaker into the red during 2020.
Freight carrier FedEx Corp will temporarily relocate its Hong Kong-based pilots to San Francisco because it expects the Asian financial capital to establish strict 14-day hotel quarantine requirements for crew, it said in a memo to pilots.
A pilots' union for Mexico's Grupo Aeromexico said it had accepted cuts amounting to $350 million on collective bargaining pacts in negotiations required for the airline to win a second tranche of bankruptcy financing.
Freight carrier FedEx Corp will temporarily relocate its Hong Kong-based pilots to San Francisco because it expects the Asian financial capital to establish strict 14-day hotel quarantine requirements for crew, it said in a memo to pilots.
Japan's Showa Denko KK said on Thursday it would sell its aluminium business to U.S. investment fund Apollo Global Management as the materials maker steps up efforts to divest assets.
Hong Kong's Cathay Pacific Airways Ltd said on Thursday it would issue HK$6.74 billion ($869.51 million) of convertible bonds to shore up liquidity, sending shares down as much as 9.4% in the worst daily decline in 12 years.[nL1N2K304C]
Checked
4 minutes 46 seconds ago
This feed is responsible for generating the rss feed related to the topic Commodities