Business News

Global share prices edged higher on Monday after a surprise recovery in U.S. employment provided cause for optimism that global economies could quickly revive after many weeks of lockdowns aimed at controlling the coronavirus pandemic.

* IN CHINA, AVERAGE HOURS OF MACHINE USE PER UNIT OF KOMTRAX-INSTALLED KOMATSU CONSTRUCTION EQUIPMENT(EXCLUDING MINI AND MINING EQUIPMENT) ROSE 3% YEAR-OVER-YEAR IN MAY

Singapore Airlines Ltd said on Monday that it had secured about $1 billion in credit facilities, in addition to the S$8.8 billion ($6.32 billion) it recently raised from a rights issue, to help it weather the COVID-19 pandemic.

Japan's economy shrank less than initially estimated in the first quarter but the broad impact from the coronavirus crisis is still expected to send the country deeper into recession.

Japan's economy shrank less than initially estimated in the first quarter, revised data showed on Monday, but the broad impact from the coronavirus crisis is still expected to send the country deeper into recession.

Samsung Group heir Jay Y. Lee on Monday arrived at a South Korean court which will rule whether he will be sent back to jail after more than two years of freedom, as new allegations dog the executive and cast a pall over the country's top conglomerate.

Japan should focus on back-stopping struggling businesses rather than trying to spark overall demand in fighting the coronavirus pandemic, its economy minister said, suggesting the central bank should avoid pushing interest rates deeper into negative territory.

Samsung Group heir Jay Y. Lee on Monday arrived at a South Korean court which will rule whether he will be sent back to jail after more than two years of freedom, as new allegations dog the executive and cast a pall over the country's top conglomerate.

James Bennet, the New York Times editorial page editor responsible for publishing a column that advocated using the military to quiet protests over U.S. racial inequality, resigned on Sunday, the newspaper announced.

Samsung Group heir Jay Y. Lee appeared in court on Monday for a hearing to determine whether he should be jailed over allegations of accounting fraud, in his latest brush with the law at South Korea's top conglomerate.

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.

Samsung Group heir Jay Y. Lee appeared in court on Monday for a hearing to determine whether he should be jailed over allegations of accounting fraud, in his latest brush with the law at South Korea's top conglomerate.

Oil prices rose more than 2% early on Monday to their highest in three months after OPEC and its allies including Russia agreed to extend record oil production cuts until the end of July.

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

U.S. stock futures and Asian shares advanced on Monday after a surprise recovery in U.S. employment gave further confidence of a quick economic recovery after many weeks of lockdowns aimed at controlling the coronavirus pandemic.

U.S. stock futures and Asian shares advanced on Monday after a surprise recovery in U.S. employment gave further confidence of a quick economic recovery after many weeks of lockdowns aimed at controlling the coronavirus pandemic.

-- Note: Reuters has not verified this story and does not vouch for its accuracy

A New York Times editorial page editor responsible for publishing a column that advocated using the military to quiet protests over U.S. racial inequality resigned from his position on Sunday, the newspaper announced.

China's exports contracted in May as global coronavirus lockdowns continued to devastate demand, while a sharper-than-expected fall in imports pointed to mounting pressure on manufacturers as global growth stalls.

A South Korean court will rule as soon as Monday whether to send Samsung Group heir Jay Y. Lee back to jail after more than two years of freedom, as new allegations dog the executive and cast a pall over the country's top conglomerate.