Business News

Indian shares slipped on Monday as a rise in domestic coronavirus cases and worries over a second wave of infections in China sapped investors' appetite for riskier assets.

China's factories stepped up production for a second straight month in May, as the country shook off the economic torpor of the coronavirus, although the weaker-than-expected gain suggested the recovery remained fragile.

E-learning company Skillsoft Corp said on Monday that it filed for pre-packaged Chapter 11 bankruptcy to reduce its debt of about $2 billion.

Oil fell more than 2% on Monday, extending losses from last week, as new coronavirus infections hit China and the United States, raising the prospect that renewed outbreaks of the virus could weigh on the recovery of fuel demand.

To access a PDF version of this newsletter, please click here http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_06152020.pdf If you would like to receive this newsletter via email, please register at: http://solutions.refinitiv.com/MNCIndiaSubscriptionpage FACTORS TO WATCH 10:30 am: S&P Global Ratings' Asia-Pacific Chief Economist Shaun Roache at a webinar on “Coronavirus Insights Series” in Mumbai. 12:00 pm: Government to release May wholesale

Hong Kong's Disneyland theme park said on Monday it will reopen on June 18 to a reduced number of visitors and with enhanced health measures after the coronavirus outbreak forced it to close in late January.

Japanese stocks fell on Monday as concerns about a spike in new cases of COVID-19 worldwide poured cold water on hopes of a quick recovery from a coronavirus-driven global recession.

Asian shares stumbled on Monday and oil prices slipped as fears of a second wave of coronavirus infections in Beijing sent investors scurrying for safe-havens while underwhelming data from China further weighed on sentiment.

Asian shares stumbled on Monday and oil prices slipped as fears of a second wave of coronavirus infections in Beijing sent investors scurrying for safe-havens while underwhelming data from China further weighed on sentiment.

* China May aluminium output at 2.98 mln tonnes - stats bureau

1/ROBINHOOD AND THE MERRY TRADERS "Rise and rise again until lambs become lions," runs an oft-quoted line from the 2010 film 'Robin Hood'. The motto is being taken seriously by all those merry men and maidens chasing shares in little-known or even bankrupt firms, using a mobile trading app called Robinhood.

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.

Volkswagen AG's Mexican unit will begin sending workers back to its plant in the central state of Puebla on Tuesday for "preparation and training eyeing a gradual start further ahead," the company said in a statement on Sunday.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Asian markets started the week on the backfoot on Monday while oil prices slipped as fears of a second wave of coronavirus infections in China sent investors scurrying for safe-havens.

Pilgrim's Pride Corp CEO Jayson Penn began a paid leave of absence following his indictment earlier this month on charges of seeking to set a fixed price for chickens with other industry executives, the company said Sunday.

U.S. poultry company Pilgrim's Pride Corp announced on Sunday its President and Chief Executive Officer Jayson Penn has begun a paid leave of absence to focus on his defense of the indictment against him over alleged U.S. chicken price-fixing.

* Jan-May crude imports at 56.91 mln T, down 7.0% on-year (Recasts, adds details)

Unilever Plc said on Monday it will invest 1 billion euros in a fund to invest in climate change projects and reduce to net zero greenhouse gas emissions from all its products by 2039, 11 years ahead of the Paris Agreement deadline.

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