Stocks

(Reuters) – Citigroup Inc (NYSE:C) filed a third lawsuit on Friday in its latest attempt to recoup nearly $1 billion it mistakenly sent to lenders of Revlon Inc. The third largest U.S. bank has so far sued a dozen firms after an “operational error” that caused it to transfer $900 million of its own funds… More

PARIS (Reuters) – Shares in France’s Accor (PA:ACCP) rallied on Thursday after Le Figaro newspaper reported it had examined a potential merger with British rival InterContinental Hotels (IHG) (L:IHG) that would create the world’s biggest hotel group. The hospitality sector has been hit hard by the coronavirus crisis as travel dwindles, forcing many hotel owners… More

By Sruthi Shankar (Reuters) – European stocks were hit by a wave of selling in global equity markets on Thursday after the U.S. Federal Reserve signalled a long and difficult path of recovery for the world’s largest economy. The pan-European STOXX 600 index (STOXX) fell 1%, led by miners (SXPP) due to weaker metal prices.… More

Investing.com – Japan stocks were lower after the close on Thursday, as losses in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 1.00%. The best performers of the session on the Nikkei 225 were Daiwa House Industry Co., Ltd. (T:1925),… More

By Stanley White and Chibuike Oguh TOKYO/NEW YORK (Reuters) – Asian equities and U.S. futures fell on Thursday, hurt by the U.S. Federal Reserve’s cautious view of the economy, tensions with China and new clusters of coronavirus infections. MSCI’s broadest index of Asia-Pacific shares outside Japan slid 1.79%, the biggest daily decline in five weeks.… More