Reuters Company News

* Indexes up: Dow 2.75%, S&P 1.9%, Nasdaq 0.94% (Updates to late afternoon, adds commentary, changes byline, adds New York dateline)

Texas Capital Bancshares and Independent Bank Group called off their merger on Tuesday, saying the coronavirus pandemic has hit markets too hard and crushed the benefits of tying up.

JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Tuesday that he expects the bank will boost its credit reserves again in the second quarter by an amount "roughly equivalent" to the $7 billion it added in the first quarter to protect the bank from a potential wave of loan defaults.

* He eyes French production of 1 million clean cars a year (Adds detail, background)

About 50 workers were infected by the novel coronavirus during an outbreak in recent weeks at a production well owned by Brazilian oil firm Dommo Energia SA, two regulatory sources with knowledge of the matter told Reuters.

Brazilian labor prosecutors decided to sue meatpacker JBS SA seeking damages and better work conditions after an outbreak of the novel coronavirus at a plant in Ipumirim, southern Santa Catarina state, according to a statement on Wednesday.

The World Health Organization (WHO) on Tuesday promised a swift review of data on hydroxychloroquine, probably by mid-June, after safety concerns prompted the group to suspend the malaria drug's use in a large trial on COVID-19 patients.

U.S. stocks jumped and the S&P 500 crossed 3,000 points on Tuesday as optimism about a potential coronavirus vaccine and a revival in business activity helped investors overlook simmering Sino-U.S. tensions.

Grupo Televisa on Tuesday said it would consider its legal options after talks with U.S. firm Live Nation Entertainment failed to reach an accord over the latter's decision to pull out of a deal with the Mexican broadcaster.

Apple Inc plans to reopen about 100 U.S. stores, mostly with curbside pickup but some with walk-in service, the company said on Tuesday.

German chipmaker Infineon Technologies aims to raise about 1 billion euros ($1.1 billion) by issuing new shares to partially finance its $10 billion acquisition of U.S.-based Cypress Semiconductor, it said on Tuesday.

The third cargo of an Iranian tanker flotilla carrying fuel for gasoline-thirsty Venezuela was approaching the nation's exclusive economic zone on Tuesday as the previous two were preparing to discharge, according to Refinitiv Eikon data.

Bank of America Corp head of wealth management Andy Sieg, said on Tuesday that the coronavirus pandemic has not meaningfully disrupted business at the wirehouse, though clients are still holding more cash.

* Indexes up: Dow 2.35%, S&P 1.85%, Nasdaq 1.36% (Updates to open)

Hedge fund Angelo Gordon & Co on Tuesday bought $33 million worth of Northern Oil & Gas Inc's debt and said it was planning to push for deals that would increase the shale producer's cash reserves.

Shanghai Junshi Biosciences Co Ltd said on Tuesday it plans to start clinical studies to test its experimental antibody against COVID-19 in the United States and China in the second quarter of the year, with partner Eli Lilly and Co.

* Russia expects oil market balance by June or July (Updates prices)

Bank of Nova Scotia on Tuesday said it expects third-quarter credit-loss provisions to be at similar levels to the previous three months, when it more than doubled the money set aside to cover loan losses, leading to a 41% drop in profit.

Canada's main stock index rose in early trade on Tuesday as the continued easing of coronavirus-driven lockdowns and strong gains on Wall Street helped restore investor confidence in equities.

The coronavirus pandemic has paused the electric vehicle revolution, forcing producers of battery metal lithium into survival mode with output cuts, expansion delays and sales of major assets.