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Updated: 4 years 21 weeks ago
REFILE-INSIGHT-Angola's oil exploration evaporates as COVID-19 overshadows historic reforms
The coronavirus pandemic
has done in a handful of months what even a 27-year civil war
did not: it has brought oil drilling to a halt in Angola,
Africa's second-largest oil producer.
Categories: Business News
UPDATE 1-ECB minutes hint at more policy easing in June
The European Central Bank is
"fully prepared" to provide even more stimulus as soon as June
to support an economy that may shrink by a tenth this year due
to the COVID-19 pandemic, the accounts of the bank's April
meeting showed on Friday.
Categories: Business News
PRESS DIGEST- Canada - May 22
The following are the top stories from
selected Canadian newspapers. Reuters has not verified these
stories and does not vouch for their accuracy.
Categories: Business News
UPDATE 3-EasyJet founder loses bid to oust management in strategy showdown
EasyJet founder Stelios
Haji-Ioannou failed in his attempt to oust the airline's top
three bosses on Friday, giving it a brief respite in its battle
for survival during the coronavirus pandemic.
Categories: Business News
UPDATE 2-Alibaba revenue, profit beat as online sales surge during lockdown
China's Alibaba Group Holding Ltd
on Friday reported fourth-quarter revenue and profit
that topped market expectations, as the COVID-19 lockdowns drove
more people to shop online for essentials.
Categories: Business News
Lufthansa aid talks stall over Airbus orders - Handelsblatt
Talks over a 9-billion euro
government bailout for German flagship carrier Lufthansa
have stalled over a row on how to deal with the
airline's ordered Airbus jets, German business daily
Handelsblatt reported on Friday.
Categories: Business News
UPDATE 2-Human trials of British coronavirus vaccine to reach 10,000
* AstraZeneca has backing for manufacturing from UK, U.S.
(Adds details on timing, trial design, rival projects)
Categories: Business News
UPDATE 2-Deere sees sharp fall in annual profit as lockdowns sap demand
Deere & Co on Friday forecast a
sharp fall in full-year profit as farmers and ranchers struggle
to bring their goods to market because of coronavirus-led
restrictions, crushing demand for equipment like harvestors and
tractors.
Categories: Business News
CANADA STOCKS-TSX futures fall on tumbling oil prices amid U.S.-China trade tensions
Canada's main stock index futures fell on
Friday as oil prices came under pressure from rising tensions
between the United States and China, after the largest Asian
economy moved to impose a national security law on Hong Kong.
Categories: Business News
China's Burning Rock Biotech files for U.S. IPO
Burning Rock Biotech on Friday filed for
a U.S. initial public offering (IPO), making it the latest
Chinese firm to opt for an American listing amid tighter rules
by lawmakers.
Categories: Business News
Wall St Week Ahead-Investors look beyond drug makers as hunt for Covid-19 treatment heats up
Investors are diversifying bets
in the healthcare sector, as the rush to develop treatments for
Covid-19 has driven up prices for some pharmaceutical stocks.
Categories: Business News
Brazil's Usiminas reports Q1 net loss of 424 mln reais
Brazilian steel company Usinas
Siderurgicas de Minas Gerais SA posted a
first-quarter net loss of 424 million reais, from a net income
76 million reais a year earlier, despite higher revenues.
Categories: Business News
UPDATE 1-UK watchdog steps up fight against fake reviews during lockdown
Britain's competition regulator said on
Friday it has launched an investigation to ascertain whether
measures taken by websites to fight fake reviews were enough to
protect customers as they shop more online during the COVID-19
lockdown.
Categories: Business News
INSIGHT-U.S. shale bust slams rural economies as oil checks shrivel
Royalties from oil
pumped on Paul Ruckman's land allowed the South Texas retiree to
build a six-bedroom, seven-bathroom vacation home. He had plenty
left over, and donated some of it to Helena, Texas, an 1800s
ghost town that draws hundreds to historic buildings and
gunfight re-enactments.
Categories: Business News
UPDATE 1-EasyJet founder fails to oust management, proxy votes show
EasyJet said founder
Stelios Haji-Ioannou had failed in his attempt to oust key
management including the CEO, according to the initial results
of a shareholder vote brought over the airline's plan to buy new
planes.
Categories: Business News
Gunvor tests bid for commodity loans
Categories: Business News
EasyJet chairman says proxy votes show founder lost key challenge
EasyJet said founder
Stelios Haji-Ioannou had failed in his attempt to oust the CEO,
chairman, CFO and another director, preliminary results of a
shareholder vote showed.
Categories: Business News
Amazon to hire 50,000 temp workers in India as lockdown boosts demand
Amazon.com Inc's
India unit said it would hire 50,000 temporary workers to meet a
surge in online shopping in the country, where customers have
been stuck indoors for two months in a lockdown to fight the
coronavirus outbreak.
Categories: Business News
