Business

Some investors are worried the U.S. response to the coronavirus pandemic is dealing a body blow to the dollar, potentially accelerating what has so far been a slow erosion in the greenback's status as the world's dominant reserve currency.

Thomson Reuters Corp reported slightly lower revenue and an 18% fall in operating profit for the second quarter on Wednesday, and reaffirmed its forecast for the rest of 2020.

Virgin Atlantic Airways Ltd [VA.UL] is seeking protection from creditors in the United States under Chapter 15 of the U.S. Bankruptcy Code, which allows a foreign debtor to shield assets in this country, according to a court filing on Tuesday.

Michael Kors-owner Capri Holdings Ltd reported a smaller-than-expected quarterly loss on Wednesday, helped by higher online orders from consumers stuck indoors due the COVID-19 pandemic.

BMW expects to make an operating profit this year despite losing 666 million euros ($787 million) in the second quarter after sales of its luxury cars slumped during coronavirus lockdowns, the company said on Wednesday.

Brazil's Embraer said on Wednesday that revenue at its commercial aviation segment, usually its largest and most profitable, had tumbled 82% to $109 million in the second quarter due to the coronavirus pandemic.