By Stephanie Kelly NEW YORK (Reuters) – Oil prices fell nearly 2% on Friday, limiting their weekly gain due to concerns the global recovery could falter from a resurgence of coronavirus cases. The rise in infections remains the...
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Thousands of BA staff to lose jobs as airline pushes ahead with cuts
By Sarah Young LONDON (Reuters) – Thousands of British Airways staff will be sent letters telling them they have lost their jobs on Friday, as the airline pushes ahead with a plan to cut employee numbers by 29% in the face of bitter...
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Activist shareholder ValueAct sells out of Rolls-Royce: source
By Sarah Young LONDON (Reuters) – Activist shareholder ValueAct Capital Management has sold out of British aero-engine maker Rolls-Royce <RR.L>, a source familiar with the matter said on Friday, ending its relationship with...
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Dollar most oversold in 40 years, says Morgan Stanley; exits short position
(Reuters) – The dollar is at its most oversold level in over 40 years, investment bank Morgan Stanley said on Friday, adding it had now shifted from its dollar-bearish stance and turned “tactically neutral” on the U.S....
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Oil settles below 5-month highs amid fuel demand worries
By Jessica Resnick-Ault NEW YORK (Reuters) – Oil prices hovered below five-month highs on Thursday, falling after a session in which bearish sentiment about fuel demand counteracted optimism about Iraq’s supply cuts, pushing...
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Argentina debt deal signals upgrades but outlook tough, rating agencies say
By Cassandra Garrison BUENOS AIRES (Reuters) – Argentina’s $65 billion debt restructuring agreement with bondholders will likely lead to credit upgrades but is far from ensuring the country’s longer-term economic future,...
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