LVMH backs down on renegotiating Tiffany deal, sources say

06/05/2020

NEW YORK (Reuters) – French luxury goods giant (LVMH.PA) is not asking to renegotiate its $16.2-billion acquisition of U.S. jewelry chain Tiffany & Co (TIF.N) after deliberating whether to do so, people familiar with the matter said on Friday. LVMH CEO Bernard Arnault had been […]

Global stocks and euro surge ahead of U.S. jobs data

06/05/2020

LONDON/SYDNEY (Reuters) – World stocks held their ground near three-month highs as the euro hit its highest level since March 10, thanks to Europe’s stimulus boost, fuelling hopes for a global rebound. Investors are pricing in an economic recovery despite data showing the severe damage […]

On Raul Castro's birthday, U.S. threatens Cuba remittances

06/04/2020

WASHINGTON/HAVANA (Reuters) – The Trump administration expanded on Wednesday its list of Cuban entities that Americans are banned from doing business with to include the financial corporation that handles U.S. remittances to the Communist-run country. Military-owned Fincimex is the main Cuban partner of foreign credit […]