Business News

The owner of British Airways is considering launching a legal challenge against the UK's looming quarantine plan, in the latest sign of a breakdown in relations between airlines and the government over the coronavirus pandemic.

Canada's main stock index futures rose on Friday, as oil prices gained on OPEC and its allies' decision to hold discussions on extending oil output cuts on Saturday.

Copper prices rose to 2-1/2 month highs on Friday and were on track for their biggest weekly gain in 15 months as investors bet on a revival of global economic activity.

The Indonesian government will ask PT Freeport Indonesia to build a copper smelter in Weda Bay, a newly built metal industrial park in Halmahera, the senior minister overseeing mining said on Friday.

The euro consolidated its gains on Friday after receiving a boost from the European Central Bank's announcement a day earlier that it was expanding its stimulus programme, putting the single currency on course to rise for a third straight week.

At the height of the coronavirus pandemic in mid-April, used-car dealer Alex Tovstanovsky had vehicles jammed six rows deep on his lot in the western Chicago suburb of Naperville.

Brazilian sporting goods retailer Centauro has sold 30,000,000 new shares in a follow-on offering at 30 reais each, raising 900 million reais ($176 million), it said on Friday.

TOKYO, June 5 (LPC) - Japan's megabanks are hoping to hit the jackpot on up to ¥1.8trn (US$17bn) of project financings from the country's first integrated resort casinos, for which senior bank debt is expected to play a pivotal role in funding plans.

The owner of British Airways is considering launching a legal challenge against the UK's looming quarantine plan, its chief executive said, warning that the new rules would torpedo its return to flying in July.

Tesla Inc Chief Executive Elon Musk on Thursday called for Amazon.com Inc to be broken up.

Facebook Inc will start labeling Russian, Chinese and other state-controlled media organizations, and later this summer will block any ads from such outlets that target U.S. users, it said on Thursday.

U.S. Secretary of State Mike Pompeo on Thursday warned American investors against fraudulent accounting practices at China-based companies and said the Nasdaq's recent decision to tighten listing rules for such players should be "a model" for all other exchanges around the world.

HONG KONG, June 5 (LPC) - A bill that could force Chinese companies to delist over US$1trn of shares from US markets has sparked chatter among Asian lenders of an unprecedented wave of event-driven financings as a potential consequence.

British Airways parent company IAG said it is considering launching a legal challenge against the UK government's 14-day quarantine rule for incoming travellers.

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Fund administrator Link Fund Solutions said it will sell up to 19 healthcare assets in the LF Equity Income fund formerly run by Neil Woodford for 223.9 million pounds ($284 million) to Acacia Research Corp as it seeks to recoup cash for investors.

World stocks held their ground near three-month highs as the euro hit its highest level since March 10, thanks to Europe's stimulus boost, fuelling hopes for a global rebound.

(A look at the day ahead from EMEA deputy markets editor Sujata Rao. The views expressed are her own.) The euro is basking in the afterglow of yesterday's European Central Bank meeting; having just enjoyed its longest winning streak since 2011 -- eight days -- it could extend that all the way back to 2004, should it post another day of gains.

The euro climbed to a three-month high on Friday and was set for a third straight week of gains after the European Central Bank expanded its stimulus programme.

* Authorities loosen rules on roadside vending in slow economy