Equities surge, bonds tumble on surprise U.S. jobs gains


NEW YORK (Reuters) – An unexpected jump in U.S. employment sent world equities surging on hopes that the global economy has started to recover from the coronavirus pandemic, pulling investors out of perceived safe havens like government bonds and gold. U.S. nonfarm payrolls rose by […]

LVMH backs down on renegotiating Tiffany deal, sources say


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


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 […]

Egypt's hotels win over domestic tourists with on-site clinics


CAIRO (Reuters) – Hotels in Egypt have implemented government safety regulations which include having an on-site clinic with resident doctor, regular temperature checks of guests and a quarantine area, as they try to attract domestic tourists, hotel officials said. Egypt suspended international flights in March […]