Business News

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.

Canada's main stock index futures rose on Friday, a session after stocks fell to a near three-month low on fears of a second wave of coronavirus infections.

German airline group Lufthansa plans to offer coronavirus tests at airports in Frankfurt and Munich, a spokesman said on Friday.

Zoom Video Communications has gained a following in China in recent months from users ranging from underground churches to feminists who saw it as a rare way to connect with the world beyond the reach of state censors.

Global shares pared losses on Friday while oil prices reversed course and edged higher as fears of fresh lockdowns of economies to combat the coronavirus faded.

* Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr (Updates prices, adds comment)

Facebook's deal for popular GIF website Giphy has caught the eye of UK's competition watchdog, which said on Friday it had begun a probe into the deal for possibly reducing competition in the United Kingdom.

Last year, China replaced the United States as the No. 1 importer of oil from Venezuela, yet another front in the heated rivalry between Washington and Beijing. 

Car rental firm Hertz Global Holdings Inc said it would sell up to $1 billion in shares, cashing in on a huge speculative rise in its share price since filing for bankruptcy late last month.

* Graphic: World stocks market cap loss https://tmsnrt.rs/30zdOIL

Pharmacy benefits manager Magellan Health Inc said on Friday it was the target of a ransomware attack in which customer information such as physical addresses and health insurance account details may have been leaked.

Manufacturers in Brazil like Marcopolo SA and Randon are trying to show they can safely operate their factories at reduced capacity, dodging the coronavirus-induced shutdowns that have hit the mining and food processing sectors.

U.S. stock index futures surged about 2% on Friday, pointing to a quick rebound for Wall Street from its biggest one-day dive in about three months on fears of a resurgence in coronnavirus infections.

Pharmacy benefits manager Magellan Health Inc said on Friday it was the target of a ransomware attack in which customer information such as physical addresses and health insurance account details may have been affected.

Saudi Arabia's share of the oil market is set to rise this decade to its highest since the 1980s as investment in production elsewhere dries up in the wake of the coronavirus crisis, J.P. Morgan said in a report.

EU antitrust regulators have set a July 16 deadline for a decision on whether to clear French TGV high-speed train maker Alstom's bid for Bombardier Inc's rail division, according to a filing on the European Commission website.

Japan's Honda Motor Co has resumed production at automobile and motorcycle plants in the United States and other countries after they were hit by a suspected cyber attack this week, a spokesman said on Friday.

As the U.S. economy begins to emerge from the sharp slowdown during the coronavirus pandemic, some fund managers have been drawn to value stocks, a sector that underperformed during the recent rally.

As the U.S. economy begins to emerge from the sharp slowdown during the coronavirus pandemic, some fund managers have been drawn to value stocks, a sector that underperformed during the recent rally.

Twitter on Thursday said it removed more than 170,000 accounts tied to a Beijing-backed influence operation that deceptively spread messages favorable to the Chinese government, including some about the coronavirus.