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Business News

UPDATE 1-Shanghai Junshi Biosciences in human tests for coronavirus antibody drug

Reuters Company News - Sat, 2020-06-06 22:49
Shanghai Junshi Biosciences has started an early-stage study in China to test a potential antibody treatment against the coronavirus in uninfected people, official paper Liberation Daily said on its online channel on Sunday. https://bit.ly/3eZhSWM
Categories: Business News

Fujifilm says COVID-19 drug research may drag on into July

Reuters Company News - Sat, 2020-06-06 21:22
Fujifilm Holdings Corp's research on Avigan as a potential treatment for COVID-19 may drag on until July, the company said on Sunday, a further setback in the Japanese firm's race to find a vaccine.
Categories: Business News

CORRECTED-UPDATE 1-China May exports slip back into contraction, imports worst in 4 years

Reuters Company News - Sat, 2020-06-06 20:48
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.
Categories: Business News

Shanghai Junshi Biosciences begins human test for experimental coronavirus antibody drug - local paper

Reuters Company News - Sat, 2020-06-06 19:12
Shanghai Junshi Biosciences has started an early-stage study to test its potential antibody treatment against coronavirus in healthy people, official paper Liberation Daily said on its online channel on Sunday. https://bit.ly/3eZhSWM
Categories: Business News

Exclusive: Malaysia - Even $3 billion not enough to settle 1MDB case with Goldman

Reuters Business News - Sat, 2020-06-06 17:38
Malaysia's new government would not be willing to accept even compensation of $3 billion from Goldman Sachs in a settlement over the 1MDB scandal, the finance minister told Reuters, ruling out a figure that is far higher than the bank offered last year.
Categories: Business News

UPDATE 2-Oil workers, Louisiana residents flee ahead of Storm Cristobal

Reuters Company News - Sat, 2020-06-06 17:34
Tropical Storm Cristobal on Saturday dumped rain from Louisiana to the Florida peninsula as it moved through the U.S. Gulf of Mexico, prompting evacuations of several southeast Louisiana towns and dozens of offshore oil platforms.
Categories: Business News

HSBC warns it could face reprisals in China if UK bans Huawei equipment: Telegraph

Reuters Business News - Sat, 2020-06-06 14:17
HSBC Holdings Plc Chairman Mark Tucker has warned Britain against a ban on networking equipment made by Huawei Technologies Co Ltd, claiming the bank could face reprisals in China, the Telegraph reported on Saturday.
Categories: Business News

HSBC warns it could face reprisals in China if UK bans Huawei equipment -the Telegraph

Reuters Company News - Sat, 2020-06-06 14:05
HSBC Holdings Plc Chairman Mark Tucker has warned Britain against a ban on networking equipment made by Huawei Technologies Co Ltd, claiming the bank could face reprisals in China, the Telegraph reported on Saturday.
Categories: Business News

Facebook's Zuckerberg promises a review of content policies after backlash

Reuters Business News - Sat, 2020-06-06 13:10
Facebook CEO Mark Zuckerberg on Friday said he would consider changes to the policy that led the company to leave up controversial posts by President Donald Trump during recent demonstrations protesting the death of an unarmed black man while in police custody, a partial concession to critics.
Categories: Business News

UPDATE 1-Oil workers, Louisiana island residents flee ahead of Storm Cristobal

Reuters Company News - Sat, 2020-06-06 10:34
Tropical Storm Cristobal moved through the U.S. Gulf of Mexico on Saturday carrying strong winds and heavy rains that prompted the evacuation of a coastal Louisiana community and dozens of offshore oil platforms.
Categories: Business News

'Am I going to get shot?' kids ask, as brands try to explain racism and violence to children

Reuters Business News - Sat, 2020-06-06 09:23
For 8 minutes and 46 seconds - the time it took George Floyd, an unarmed black man, to die at the hands of Minneapolis police - cable TV kids channel Nickelodeon's screen went black on Tuesday to sounds of inhaling and exhaling, as white text flashed "I can't breathe."
Categories: Business News

UPDATE 1-'Am I going to get shot?' kids ask, as brands try to explain racism and violence to children

Reuters Company News - Sat, 2020-06-06 09:13
For 8 minutes and 46 seconds - the time it took George Floyd, an unarmed black man, to die at the hands of Minneapolis police - cable TV kids channel Nickelodeon's screen went black on Tuesday to sounds of inhaling and exhaling, as white text flashed "I can't breathe."
Categories: Business News

Wall Street Week Ahead: Bond investors look for Fed to justify steepening yield curve

Reuters Business News - Sat, 2020-06-06 08:46
Expectations that the global economy has dodged the worst-case coronavirus pandemic scenarios have led to a dramatic sell-off in U.S. government bonds from their record highs, pushing the yield curve to its steepest level since March.
Categories: Business News

Volkswagen considering more cost cuts to cope with downturn

Reuters Business News - Sat, 2020-06-06 08:40
Volkswagen <VOWG_p.DE > is considering more cost cuts to help cope with the economic impact of the coronavirus pandemic, a spokesman for the German automaker said on Saturday.
Categories: Business News

Oil workers, Louisiana island residents flee ahead of Storm Cristobal

Reuters Company News - Sat, 2020-06-06 06:24
Tropical Storm Cristobal moved through the U.S. Gulf of Mexico on Saturday carrying strong winds and heavy rains that prompted the evacuation of a coastal Louisiana community and dozens of offshore oil platforms.
Categories: Business News

UPDATE 1-Brazil court orders JBS pork plant shut for 14 days amid coronavirus fears

Reuters Company News - Sat, 2020-06-06 05:49
A Brazilian judge has suspended activities for 14 days at a pork plant owned by meatpacker JBS SA in the southern Brazilian state of Rio Grande do Sul, according to a copy of the decision seen on Friday night.
Categories: Business News

South Africa's MTN faces new allegations in U.S. complaint

Reuters Company News - Sat, 2020-06-06 05:45
* Original complaint: https://afghanistan.terrorismcase.com/wp-content/uploads/2019/12/2019-12-27-001-COMPLAINT.pdf
Categories: Business News

OPEC and allies to agree one-month extension to output cuts

Reuters Business News - Sat, 2020-06-06 03:16
OPEC and its allies led by Russia are "most likely" to agree on a one-month extension to an oil production cuts deal on Saturday, an OPEC delegate said.
Categories: Business News

UPDATE 3-Malaysian prime minister names Petronas finance chief as new CEO

Reuters Company News - Sat, 2020-06-06 02:46
Malaysia's prime minister on Saturday appointed the finance chief at Petroliam Nasional Bhd (Petronas) to take over as chief executive at the state energy company, at a time when lower oil prices and the coronavirus pandemic have hit the firm's profits.
Categories: Business News

'Am I going to get shot?' kids ask, as brands try to explain racism and violence to children

Reuters Company News - Sat, 2020-06-06 02:00
For 8 minutes and 46 seconds - the length of time it took George Floyd, an unarmed black man, to die at the hands of Minneapolis police - cable TV kids channel Nickelodeon's screen went black on Tuesday to sounds of inhaling and exhaling, as white text flashed "I can't breathe."
Categories: Business News
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