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Unilever would scrap HQ move if Dutch ‘exit tax’ law enacted

Anglo-Dutch consumer goods company Unilever said in a filing on Monday that a plan to unify its headquarters in London and scrap its Dutch base might not go ahead - if a law enacting an "exit tax" in the Netherlands is enacted.

Markets

Royal Caribbean reports US$1.64 billion quarterly loss on pandemic hit

Royal Caribbean Group reported a quarterly net loss on Monday, as the cruise operator suffered from a coronavirus-driven halt to sailings that is now on course to last deep into the second half of 2020.

Markets

Wall Street bonuses likely to tumble, job cuts to start in late 2020: report

Most Wall Street workers can expect to see their bonuses slashed this year and some jobs may be cut, according to a report published Monday by compensation consulting firm Johnson Associates Inc.

Markets

Macau announces partial restart of tourist visas, hoping for casino revival

Macau's government on Monday announced that tourist visas, through which the majority of gamblers visit casinos in the Chinese territory, will be reinstated for the neighboring city of Zhuhai, paving the way for a revival of visitors.

Markets

Marriott posts bigger-than-expected loss as COVID-19 hits bookings

Hotel operator Marriott International on Monday reported its first quarterly loss in nearly nine years, as extended travel disruption due to the COVID-19 pandemic hammered bookings.

Markets

Malaysia’s Top Glove compensates migrant workers after US Customs ban

Malaysia's Top Glove Corporation said on Monday it had begun making remediation payments to migrant workers who were employed by the world's largest medical glove maker before 2019, when it put in place ethical recruitment practices.

Markets

Futures edge higher after Trump signs virus relief orders

U.S. stock index futures were in a flat-to-slightly higher range on Monday as markets looked to executive orders from President Donald Trump over the weekend to support the economy until more concrete stimulus could be passed.

Markets

Senators urge US to remove tariffs on EU foods, beverages

WASHINGTON: A bipartisan group of 13 US senators have asked the US Trade Representative's Office (USTR) to remove 25 per cent tariffs imposed in October 2019 on European Union food, wine and spirits, according to a letter seen by Reuters. The tariffs, in retaliation for EU subsidies on large...

Markets

Zen monk, Zoom and virus: inside Argentina’s US$65 billion debt deal

As the clock ticked past midnight on Aug. 4, Argentine negotiators knew a deal was close to break the deadlock on a US$65 billion debt deal, one of the biggest ever sovereign restructurings which has tested global financial markets.

Markets

ByteDance takes step toward entering online stock broking in Hong Kong

Beijing-based ByteDance, the owner of global short video hit TikTok, is taking steps to move into the online stock brokerage and wealth management business in Hong Kong, trademark registration documents show.

Markets

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