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Updated: 4 years 21 weeks ago
UPDATE 1-Britain to provide anti-viral drug remdesivir to some COVID-19 patients
Britain will provide anti-viral
drug remdesivir to certain COVID-19 patients that it is most
likely to benefit as part of a collaboration with manufacturer
Gilead Sciences, the health ministry said on Tuesday.
Categories: Business News
Scotiabank profit drops 41.5% on higher loan losses
Bank of Nova Scotia said on
Tuesday second-quarter profit fell 41.5%, hit by a jump in
loan-loss provisions due to the COVID-19 outbreak.
Categories: Business News
'How about next June?' Small meat processors backlogged as virus idles big plants
Inside the
small-scale Iowa abattoir Stanhope Locker and Market, owner
Shaunna Zanker yawns with exhaustion as she listens to yet
another farmer asking her to slaughter his pigs.
Categories: Business News
RPT-'This could be the one that gets me,' says oilfield service veteran
Tim Harris was preparing to relocate for
an assignment with energy services firm Halliburton Co
for the fifth time in 15 years when his career came to a halt.
Categories: Business News
A Florida toy importer braces for retail upheaval
Most U.S. states have begun to reopen
their economies, but Jay Foreman, chief executive of Basic Fun,
said he's more worried than ever.
Categories: Business News
Southern European sovereign, junk debt CDS fall on broad market rally
The cost of insuring exposure to
debt issued by southern European governments as well as by
low-grade European corporates fell on Tuesday amid a broad
market rally inspired by hopes that the world economy was on
track for re-opening.
Categories: Business News
As Chinese authorities expand use of health tracking apps, privacy concerns grow
China's health tracking QR
codes, which have played a key part in the country's successful
containment of the coronavirus, now look set to play a much
broader role in daily life as local authorities dream up new
uses for the technology.
Categories: Business News
Uber India cuts 600 jobs amid coronavirus outbreak
Ride hailing company Uber
Technologies Inc's Indian arm will cut 600 jobs across
functions, as it navigates a strict coronavirus lockdown that
has brought businesses to a grinding halt, Uber India President
Pradeep Parameswaran said on Tuesday.
(Reporting by Chandini Monnappa in Bengaluru;
Editing by Vinay Dwivedi)
Categories: Business News
UPDATE 2-Oil prices climb as faith grows that suppliers will meet pledge to cut output
Categories: Business News
JGBs edge lower as investors worry over government debt issuance
Japanese government prices fell on
Tuesday as investors remained vigilant over a possible increase
in the issuance of government bonds, while the 40-year bond sale
drew ample investor demand.
Categories: Business News
U.S. stock futures rise 2% to 3,012 pts
U.S. stock futures rose 2% on
Tuesday and breached a major chart barrier as investors brushed
aside China-U.S. trade tension and braced for a re-opening of
the world economy.
Categories: Business News
UPDATE 3-Fujifilm COVID-19 drug research spills into June, dashing hopes of quick approval
Fujifilm Holdings Corp
will continue research on Avigan into June, Japan's government
said on Tuesday, effectively dashing hopes by Prime Minister
Shinzo Abe that the drug would be approved as a COVID-19
treatment this month.
Categories: Business News
UPDATE 2-Australian PM calls for economic overhaul to fuel post-coronavirus recovery
* Six cases from ship recently arrived from the UAE recorded
(Adds details of cluster on vessel from UAE)
Categories: Business News
Japanese face "new normal" after coronavirus emergency lifted
A day after Japan ended its state
of emergency, Tokyo residents took to the streets with a mixture
of relief and trepidation as they prepared for a "new normal" of
living with the coronavirus.
Categories: Business News
UPDATE 1-Indicative IPO price values JDE Peet's at up to 16 bln euros
Coffee company JDE Peet's on
Tuesday set an indicative price range of 30-32.25 euros per
share for its initial public offering (IPO), implying a market
value of 14.9-16.0 billion euros ($16.3-17.5 billion).
Categories: Business News