Category: Business

The dollar slipped on Tuesday, alternating between gains and losses, as markets digested less bearish comments from U.S. monetary officials along with a more dire prognosis from the country’s top medical expert on the spread of the novel coronavirus. The dollar gained against the euro and the yen, but fell versus sterling, the Swiss franc, […]

As many bankers fled Italy’s financial capital for second homes in the mountains or lakes at the start of a coronavirus lockdown in March, Victor Massiah rushed instead to rent a house within walking distance of UBI Banca’s Milan offices. And that is where the 61-year-old CEO has since spent most of his waking hours, […]

Policymakers need to keep diversity and structural racial inequalities in mind when analyzing the labor market and other measures of the economy, two Federal Reserve officials said on Tuesday. The standard metric used for evaluating U.S. unemployment is flawed because it does not capture the experiences of different groups, and officials should be open minded […]

The head of human resources at Adidas (ADSGn.DE) has stepped down after a group of employees called for an investigation over her handling of racism at the company, which she had described last year as “noise” only discussed in America. The German sportswear company said Karen Parkin was leaving Adidas after 23 years in mutual […]

The former chief executive of Mexican state oil company Petroleos Mexicanos, Emilio Lozoya, has agreed to be extradited from Spain to Mexico to stand trial on corruption charges, Mexican Attorney General Alejandro Gertz said on Tuesday. Lozoya, 45, who was once a close confidant of former President Enrique Peña Nieto, is wanted in his homeland […]

A stalking horse bid for Cirque du Soleil Entertainment Group was dismissed as inadequate by lenders during a Quebec court hearing into the company’s restructuring on Tuesday. Canada’s once high-flying Cirque received initial protection from its creditors, after the COVID-19 pandemic forced the famed circus operator to cancel shows and lay off artists. Montreal-based Cirque, […]

The S&P 500 rallied on Tuesday to finish higher and secure its biggest quarterly percentage gain in more than two decades as improving economic data bolstered investor beliefs that a stimulus-backed rebound for the U.S. economy was on the horizon. Coming off a drop of 20% in the first quarter, the biggest quarterly decline since […]