U.S. stock futures rise 2% to 3,012 points

U.S. stock futures rise 2% to 3,012 points

FILE PHOTO: A nearly empty trading floor is seen as preparations are made for the return to trading at the New York Stock Exchange (NYSE) in New York, U.S., May 22, 2020. REUTERS/Brendan McDermid SINGAPORE (Reuters) – U.S. stock futures rose 2% on Tuesday and breached a major chart barrier as investors brushed aside China-U.S. … Read more

Lufthansa unit Eurowings to cut a third of head-office staff

Lufthansa unit Eurowings to cut a third of head-office staff

FILE PHOTO: A logo of Eurowings is pictured at the Cologne-Bonn airport during a strike of cabin crew employees of German airline Germanwings called by German cabin crew union UFO in Cologne, Germany, December 30, 2019. REUTERS/Thilo Schmuelgen DUESSELDORF, Germany (Reuters) – Eurowings, the low-cost airline owned by Lufthansa (LHAG.DE), said it would cut a … Read more

Tencent to invest $70 billion in ‘new infrastructure’

Tencent to invest $70 billion in 'new infrastructure'

FILE PHOTO: A Tencent sign is seen at the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, October 20, 2019. REUTERS/Aly Song HONG KONG (Reuters) – Chinese tech giant Tencent Holdings (0700.HK) will invest 500 billion yuan ($70 billion) over the next five years in technology infrastructure including cloud computing, artificial intelligence and cybersecurity, … Read more

Aston Martin confirms Mercedes boss Moers will replace CEO Palmer

Aston Martin confirms Mercedes boss Moers will replace CEO Palmer

FILE PHOTO: Tobias Moers, chief executive officer of Mercedes-AMG GmbH speaks with reporters during the media preview of the 2016 New York International Auto Show in Manhattan, New York March 23, 2016. REUTERS/Eduardo Munoz LONDON (Reuters) – Aston Martin (AML.L) confirmed on Tuesday that Tobias Moers, CEO of Mercedes-AMG, would become chief executive on August … Read more

EasyJet says finance chief Findlay to leave in 2021

EasyJet says finance chief Findlay to leave in 2021

FILE PHOTO: Andrew Findlay EasyJet Chief Financial Officer poses for a photograph during an event of the British budget carrier EasyJet to present the first flight from airport Tegel in Berlin, Germany January 5, 2018. REUTERS/Hannibal Hanschke LONDON (Reuters) – British low cost airline easyJet (EZJ.L) said chief financial officer Andrew Findlay will leave the … Read more

Korean prosecutors question Samsung heir in succession-related probe

Korean prosecutors question Samsung heir in succession-related probe

SEOUL (Reuters) – Samsung Group heir Jay Y. Lee was questioned on Tuesday by prosecutors about a controversial 2015 merger and alleged accounting fraud that they said may have helped him advance his succession-planning agenda at the country’s top conglomerate. FILE PHOTO: Samsung Electronics Vice Chairman, Jay Y. Lee, speaks during a news conference at … Read more

Japan shares scale 10-week peak, S&P 500 breaks 3,000 barrier

Japan shares reach 10-week high, look past Sino-U.S. tension

SYDNEY (Reuters) – Asian shares forged ahead on Tuesday while U.S. stock futures breached a major chart barrier as investors looked past Sino-U.S. trade tensions to more stimulus in China and a re-opening world economy. FILE PHOTO: A man wearing a protective face mask, following an outbreak of the coronavirus (COVID-19), walks past a screen … Read more