UPDATE 4-HSBC's Asia chief backs China security law for Hong Kong

HONG KONG/LONDON, June 3 HSBC's top executive in Asia has signed a petition backing China’s imposition of a national security law on Hong Kong, the bank confirmed on Wednesday, breaking years of political neutrality for the UK-based, Asia-focused lender.

9:24pm IST

UPDATE 3-Trump administration to bar Chinese passenger carriers from flying to U.S.

WASHINGTON, June 3 President Donald Trump's administration on Wednesday barred Chinese passenger carriers from flying to the United States starting on June 16 as it pressures Beijing to let U.S. air carriers resume flights amid simmering tensions between the world's two largest economies.

9:19pm IST

UPDATE 1-Belgium to reopen businesses on June 8, borders on June 15

BRUSSELS, June 3 Belgium will allow almost all businesses to reopen on June 8, including cafes and bars, after its lockdown to combat the coronavirus, Prime Minister Sophie Wilmes said on Wednesday, although social distancing measures will remain.

8:43pm IST

France nears 1-bln-euro crisis fund for aero suppliers -sources

PARIS, June 3 French government and industry officials are negotiating a 1-billion-euro, privately led investment fund for small aerospace suppliers in which major manufacturers could invest 200 million euros, people familiar with the proposals said on Wednesday.

8:43pm IST

UPDATE 1-U.S. factory orders extend decline in April

WASHINGTON, June 3 New orders for U.S.-made goods plunged in April and business spending plans on equipment were much weaker than initially thought, suggesting business investment remained depressed early in the second quarter amid the COVID-19 pandemic.

8:16pm IST
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