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Industrials

UPDATE 1-Malaysia’s AirAsia reports first-quarter loss as virus hits demand

KUALA LUMPUR, July 6 Malaysia's flagship budget carrier AirAsia Group Bhd on Monday reported a first-quarter loss, battered by a collapse in air travel demand resulting from the coronavirus pandemic, as well as losses on a fuel hedges settlement.

1:07pm BST

Uber to buy Postmates in $2.65 bln all-stock deal

July 6 Uber Technologies Inc said on Monday it has offered to buy food-delivery app Postmates Inc in a $2.65 billion all-stock deal. (Reporting by Subrat Patnaik in Bengaluru; Editing by Amy Caren Daniel)

UPDATE 2-Kenya announces phased reopening from coronavirus lockdown

NAIROBI, July 6 Kenya's President Uhuru Kenyatta announced on Monday a phased reopening of the country from a COVID-19 lockdown, lifting restrictions on travel in and out of the capital Nairobi and allowing air travel to resume.

1:00pm BST

RPT-FOCUS-Buy now, pay whenever? Lockdown lift for online shopping loans

July 6 Browsing online during lockdown, Jessica Friend spotted a pair of Ray-Ban sunglasses she liked, but the price tag made the 30-year-old Ohio resident think twice.

Bonds, Regulatory News 1:00pm BST

EU will stand firm against Washington over trade disputes, says commissioner

BRUSSELS, July 6 The European Union will take decisive action against the United States if it is unwilling to settle a long-running row over aircraft subsidies and presses ahead with a series of new trade investigations, Europe's trade commissioner said on Monday.

12:53pm BST
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