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Business News

FOREX-Euro in the ascendancy on the back of ECB stimulus

Reuters Company News - Fri, 2020-06-05 00:12
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.
Categories: Business News

REFILE-Once targeted by officials, street vendors make unexpected comeback in China

Reuters Company News - Fri, 2020-06-05 00:09
* Authorities loosen rules on roadside vending in slow economy
Categories: Business News

CORRECTED-Link sells former Woodford fund's healthcare assets to Acacia for 224 mln stg

Reuters Company News - Fri, 2020-06-05 00:08
Link Fund Solutions, administrator of the LF Equity Income Fund, formerly run by veteran investor Neil Woodford, said on Friday it would sell up to 19 of the fund's healthcare assets to Acacia Research Corp for 223.9 million pounds.
Categories: Business News

UPDATE 1-BP agrees to sweeten sale of North Sea assets to Premier Oil

Reuters Company News - Fri, 2020-06-05 00:02
* BP agreed to make part of payment contingent on oil price rise
Categories: Business News

Exclusive: Unfazed by pandemic, Bank of Japan to keep economic recovery view - sources

Reuters Business News - Thu, 2020-06-04 23:57
The Bank of Japan is likely to maintain this month its projection that the economy will gradually recover from the damage wrought by the coronavirus pandemic in the latter half of this year, sources said.
Categories: Business News

China says forcing Chinese firms off U.S. exchanges will harm U.S.

Reuters Business News - Thu, 2020-06-04 23:47
China said on Friday that forcing Chinese firms to retreat from U.S. stock exchanges would severely harm U.S. interests.
Categories: Business News

China says social media firms should not selectively create obstacles for media

Reuters Company News - Thu, 2020-06-04 23:41
China said on Friday that social media companies should not selectively create obstacles for media agencies, responding to Facebook Inc's decision to start labeling state-controlled media organisations.
Categories: Business News

UPDATE 1-Singapore plans wearable virus contact tracing device for all

Reuters Company News - Thu, 2020-06-04 23:40
Singapore plans to give a wearable device that will identify people who had interacted with carriers of coronavirus to all of its 5.7 million residents, in what could become one of the most comprehensive contact tracing efforts globally.
Categories: Business News

Banks shine as European stock market rally resumes

Reuters Company News - Thu, 2020-06-04 23:34
European shares resumed their rally on Friday as a bumper stimulus from the European Central Bank fuelled hopes of a faster economic recovery, putting the main benchmarks on course for their best week in two months.
Categories: Business News

JGBs fall on strong equities and ECB stimulus

Reuters Company News - Thu, 2020-06-04 23:20
Japanese government bond prices edged lower on Friday as equities rallied and investors digested the European Central Bank's (ECB) stimulus efforts.
Categories: Business News

Virtual certainty? Bankers ask if success of remote roadshows will last

Reuters Company News - Thu, 2020-06-04 23:15
Who needs expensive lunches at glitzy hotels and fancy restaurants to court investors for bond deals or the sale of new shares on the stock exchange?
Categories: Business News

Ocean shipping shrinks as pandemic pummels retailers

Reuters Business News - Thu, 2020-06-04 23:00
The $1 trillion container shipping industry is in a slowdown. Literally.
Categories: Business News

Oil rises as traders await OPEC+ meeting on extending supply cuts

Reuters Business News - Thu, 2020-06-04 22:42
Oil prices moved higher on Friday as traders await cues from a meeting that could take place as soon as this weekend where major oil producers will discuss whether to extend record production cuts.
Categories: Business News

Asian stocks set for best weekly gain in nine years, U.S. jobs eyed

Reuters Business News - Thu, 2020-06-04 22:41
Asian stocks extended gains on Friday and were poised for their biggest weekly rise since 2011 while the euro hit a 1-1/2 month high as Europe's central bank surprised with more stimulus, fuelling hopes for a global rebound.
Categories: Business News

Japan's first-quarter GDP decline likely smaller than initial estimates on firmer capex: Reuters poll

Reuters Business News - Thu, 2020-06-04 22:04
Japan's first quarter economic contraction was likely smaller than initially estimated, a Reuters poll showed, thanks to stronger business spending although the country is still expected to slide deeper into recession this year.
Categories: Business News

FOCUS-Ocean shipping shrinks as pandemic pummels retailers

Reuters Company News - Thu, 2020-06-04 22:00
The $1 trillion container shipping industry is in a slowdown. Literally.
Categories: Business News

COLUMN-Markets appear relaxed at shifting US election odds: Mike Dolan

Reuters Company News - Thu, 2020-06-04 22:00
If financial markets are beginning to price in November's U.S. presidential election, they show little concern yet about the chances of a change at the White House.
Categories: Business News

GM Cruise tries to poach Zoox engineers as company for sale

Reuters Business News - Thu, 2020-06-04 21:45
Self-driving technology company Cruise, a unit of General Motors Co’s , is trying to poach engineers from struggling rival Zoox Inc, according to an email sent to Zoox engineers by the founder of Cruise this week.
Categories: Business News

Expecting a spike in bitcoin? Investors say it may take time

Reuters Business News - Thu, 2020-06-04 21:41
Investors expecting a sudden surge in bitcoin's price, after it underwent a technical adjustment three weeks ago that reduced the rate at which new coins are generated, may have to wait a few months, or perhaps a few years.
Categories: Business News

GM Cruise tries to poach Zoox engineers as company for sale

Reuters Company News - Thu, 2020-06-04 21:31
Self-driving technology company Cruise, a unit of General Motors Co’s, is trying to poach engineers from struggling rival Zoox Inc, according to an email sent to Zoox engineers by the founder of Cruise this week. The move comes as the Wall Street Journal reported last week that e-commerce giant Amazon.com Inc is in advanced talks to buy Zoox, a company founded six years ago and based in Silicon Valley.
Categories: Business News
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