Business News

The U.S. dollar rose from early lows on Wednesday as investors wary of wider geopolitical risks sought its relative safe haven ahead of midday remarks by Federal Reserve Chair Jerome Powell.

The Trump administration will push for a broad reset of "outdated tariff determinations" at the World Trade Organization to right what it sees as years of unfair treatment of the United States, a top trade official will tell lawmakers on Wednesday.

United Airlines sweetened on Tuesday a voluntary exit package for frontline employees like flight attendants and gate agents, saying it needed "a lot more people to sign up" to avoid involuntary layoffs in October, according to a staff email seen by Reuters.

U.S. Securities and Exchange Commission (SEC) has told bankrupt Hertz Global Holdings Inc it has issues with the car rental firm's plan to sell new shares, the agency Chairman Jay Clayton told CNBC television on Wednesday.

United Airlines sweetened on Tuesday a voluntary exit package for frontline employees like flight attendants and gate agents, saying it needed "a lot more people to sign up" to avoid involuntary layoffs in October, according to a staff email seen by Reuters.

Canadian gold miner Iamgold on Tuesday halted operations at its Rosebel gold mine in Suriname as a workers union issued a stop work order after seven employees tested positive for the novel coronavirus.

China's Oppo cancelled the live online launch of its flagship smartphone in India on Wednesday after a border clash between the two countries that has renewed calls from local Indian trader groups to shun Chinese products.

Paulo Sousa, president of U.S. grain merchant Cargill in Brazil, said on Wednesday that insults coming from Brazilian officials against the country's main trade partner, China, are detrimental to the country's business interests.

The U.S. Justice Department will propose legislation as soon as Wednesday to try to remove protections that big tech platforms like Alphabet's Google and Facebook have had for decades, a department official said on Wednesday, speaking on condition of anonymity.

The U.S. Federal Aviation Administration has been "stonewalling" senators conducting an investigation into the design and development of Boeing Co's 737 MAX in the wake of deadly crashes, a top Republican senator told a hearing on Wednesday.

PepsiCo Inc will change the name and brand image of its Aunt Jemima pancake mix and syrup, it said on Wednesday, dropping a mascot that has been criticized for a racist history.

Fiat Chrysler and Peugeot maker PSA's proposed merger may harm competition in small vans in 14 EU countries and Britain, EU antitrust regulators said on Wednesday as they opened a four-month investigation into the deal.

* Dow down 0.11%, S&P off 0.08%, Nasdaq up 0.32% (Updates to open)

Canadian gold miner Iamgold on Tuesday halted operations at its Rosebel gold mine in Suriname as a workers union issued a stop work order after seven employees tested positive for the novel coronavirus.

Spain's Iberdrola has made an agreed A$828 million ($569 million) bid for Australian wind and solar firm Infigen Energy, topping an offer from Philippine conglomerate Ayala Corp.

Southwest Airlines said on Wednesday it has enough cash to carry on business for the next two years, up from its prior forecast of 20 months, as travel demand gradually picks up.

Fiat Chrysler and Peugeot maker PSA's proposed merger may harm competition in small vans in 14 EU countries and Britain, EU antitrust regulators said on Wednesday as they opened a four-month investigation into the deal.

Private equity firm Carlyle Group Inc -backed Ortho Clinical Diagnostics said on Wednesday its COVID-19 antibody testing program received a grant of $678,000 from the U.S. Biomedical Advanced Research and Development Authority (BARDA).

Canada's main stock index rose on Wednesday, as signs of more stimulus and improving economic data raised hopes for a sooner-than-expected recovery from the coronavirus-induced recession.

Chile's peso tumbled on Wednesday after the central bank cut its economic growth outlook, while Brazil's real was flat ahead of an interest rate decision, with most Latin American markets trading muted. The peso fell about 1.6% to the dollar after the Chilean central bank revised its 2020 economic growth estimation