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Business News

UPDATE 1-TV viewers seek out '13th' and other stories about race amid protests

Reuters Company News - Tue, 2020-06-16 17:44
Television series, movies and documentaries about the experience of black people in the United States have seen a surge in viewership as public demonstrations have focused new attention on racial discrimination, according to industry data.
Categories: Business News

PRESS DIGEST- British Business - June 17

Reuters Company News - Tue, 2020-06-16 17:29
June 17 - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
Categories: Business News

PRESS DIGEST- Financial Times - June 17

Reuters Company News - Tue, 2020-06-16 17:16
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Categories: Business News

Senate bill aims to improve aircraft certification after 737 MAX crashes

Reuters Business News - Tue, 2020-06-16 17:05
U.S. senators introduced legislation on Tuesday that would strengthen FAA oversight of aircraft certification following fatal Boeing Co 737 MAX crashes, though a victim's father said the bill, while a positive step, "still lacks teeth."
Categories: Business News

Dollar firm after retail sales jump fans recovery hopes

Reuters Business News - Tue, 2020-06-16 17:01
The dollar held firm against many of its rivals on Wednesday after U.S. retail sales jumped far more than expected in May, while risk-sensitive currencies were hobbled by concerns about the coronavirus and diplomatic tensions in Asia.
Categories: Business News

U.S. posts rule allowing U.S. companies to work with Huawei on 5G and other standards

Reuters Business News - Tue, 2020-06-16 16:59
The U.S. Department of Commerce on Tuesday posted a new rule that allows U.S. companies to work with China's Huawei to develop standards for 5G and other cutting-edge technologies, despite restrictions on doing business with the telecommunications equipment maker.
Categories: Business News

Bayer scraps U.S. plans to produce crop chemical blocked by court

Reuters Business News - Tue, 2020-06-16 16:59
Bayer AG said on Tuesday it will scrap a nearly $1 billion project to produce the chemical dicamba in the United States, but said the move is unrelated to a federal court decision that blocked sales of weed killers based on the product.
Categories: Business News

U.S. calls bid by men to avoid extradition over ex-Nissan boss Ghosn's escape 'flawed'

Reuters Business News - Tue, 2020-06-16 16:58
U.S. prosecutors on Tuesday said a former Green Beret and his son, wanted by Japan for helping former Nissan Motor Co boss Carlos Ghosn flee the country, were advancing a "flawed" interpretation of Japanese law to fight their extradition.
Categories: Business News

Amazon to use AI tech in its warehouses to enforce social distancing

Reuters Business News - Tue, 2020-06-16 16:56
Amazon.com Inc on Tuesday launched an artificial intelligence-based tracking system to enforce social distancing at its offices and warehouses to help reduce any risk of contracting the new coronavirus among its workers.
Categories: Business News

Trump team prepares $1 trillion infrastructure plan to spur economy

Reuters Business News - Tue, 2020-06-16 16:45
The Trump administration is preparing an up to $1 trillion infrastructure package focused on transportation projects as part of its push to spur the world's largest economy back to life, a source familiar with the situation said on Tuesday.
Categories: Business News

UPDATE 2-Iberdrola trumps Ayala with $569 mln offer for Australia's Infigen

Reuters Company News - Tue, 2020-06-16 16:43
* Infigen shares hit 3-yr high, topping offer price (Recasts, adds analyst comment)
Categories: Business News

UPDATE 1-Venezuela's oil exports plummet as shipping contracts get suspended

Reuters Company News - Tue, 2020-06-16 16:40
Venezuela's oil exports have fallen nearly 28% in the first half of June, on course for the lowest level in over 70 years as tanker owners and operators suspend contracts for transporting crude oil, according to documents and data on Tuesday.
Categories: Business News

U.S. bank profits plunge 70% on coronavirus loss provisioning

Reuters Business News - Tue, 2020-06-16 16:36
U.S. bank profits fell by 69.6% to $18.5 billion in the first quarter of 2020 from the year prior as banks felt the economic impact of the novel coronavirus pandemic, according to data from a banking regulator.
Categories: Business News

Facebook removes hundreds more accounts as right-wing violence spreads

Reuters Company News - Tue, 2020-06-16 16:19
Facebook on Tuesday removed almost 900 accounts associated with the far-right Proud Boys and American Guard, including those belonging to Proud Boys supporters who marched into a protest zone in Seattle Monday and confronted anti-racist demonstrators.
Categories: Business News

TV viewers seek out '13th' and other stories about race amid protests

Reuters Company News - Tue, 2020-06-16 16:02
Television series, movies and documentaries about the experience of black people in the United States have seen a surge in viewership amid public demonstrations that focused new attention on racial discrimination, according to industry data.
Categories: Business News

Asian stocks set to rise as drug trials, data push Wall Street higher

Reuters Business News - Tue, 2020-06-16 16:00
Asian stocks were set to climb on Wednesday after another late Wall Street surge in response to upbeat trial results for a COVID-19 treatment and data showing U.S. consumers spent big in May.
Categories: Business News

GLOBAL MARKETS-Asian stocks set to rise as drug trials, data push Wall Street higher

Reuters Company News - Tue, 2020-06-16 15:57
Asian stocks were set to climb on Wednesday after another late Wall Street surge in response to upbeat trial results for a COVID-19 treatment and data showing U.S. consumers spent big in May.
Categories: Business News

UPDATE 3-U.S. Senate bill aims to improve aircraft certification after 737 MAX crashes

Reuters Company News - Tue, 2020-06-16 15:54
U.S. senators introduced legislation on Tuesday that would strengthen FAA oversight of aircraft certification following fatal Boeing Co 737 MAX crashes, though a victim's father said the bill, while a positive step, "still lacks teeth."
Categories: Business News

Transparency needed to restore trust after 737 MAX crashes: FAA chief

Reuters Business News - Tue, 2020-06-16 15:38
U.S. FAA chief Steve Dickson will tell a Senate committee at a hearing on Wednesday that transparency is key to restoring public trust in the agency and planemaker Boeing Co in the wake of fatal 737 MAX crashes, according to a copy of his written testimony seen by Reuters.
Categories: Business News
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