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Updated: 4 years 21 weeks ago
US STOCKS SNAPSHOT-Dow slumps 5% on fears of spurt in virus infections, economic worries
U.S. stocks deepened losses on Thursday,
with the Dow on track for its biggest single day percentage fall
since March 18, on fears of a resurgence in coronavirus
infections and a gloomy economic forecast from the Federal
Reserve.
Categories: Business News
UPDATE 2-European shares run red on Fed's reality check, second-wave virus fears
Categories: Business News
U.S. looking at various responses to China's law on Hong Kong- Mnuchin
The Trump administration is
looking at various responses to China's national security law on
Hong Kong through the president's working group on capital
markets, U.S. Treasury Secretary Steven Mnuchin said on
Thursday.
Categories: Business News
Italians embrace coronavirus tracing app as privacy fears ease
Italy, the first major European
country to roll out a smartphone app to trace COVID-19
infections that does not rely on a centralised database, has
already seen 2.2 million downloads in 10 days, a sign Italians
are setting aside privacy concerns.
Categories: Business News
GLOBAL MARKETS-Stocks slide, bonds rally on downbeat Fed outlook
The safe-haven Japanese yen
and Swiss franc gained on Thursday while a gauge of global
equity markets fell the most in seven weeks after the Federal
Reserve's sobering outlook cast doubt on hopes for a V-shaped
recovery from the coronavirus pandemic.
Categories: Business News
RPT-UPDATE 2-VW blames cultural insensitivity for ad criticised as racist
Volkswagen on
Thursday apologised for posting on its Instagram page last month
an advert widely criticised as racist, and said it was published
because of a lack of cultural sensitivity.
Categories: Business News
US STOCKS-Wall St tumbles on fears of new virus wave, Fed's cautious outlook
Categories: Business News
UPDATE 1-EU eases rules for some foreign clearers in nod to United States
A new European Union law
requiring closer scrutiny of foreign clearing houses used by
customers from the bloc has been simplified after the United
States threatened retaliation.
Categories: Business News
UPDATE 2-US EPA orders Amazon, Ebay to remove unsafe products that cash in on pandemic fears
The U.S. Environmental Protection Agency
(EPA) said on Thursday that it ordered Amazon.com Inc
and eBay Inc to stop selling a wide range of pesticide
products on their platforms, including those that are falsely
marketed as being effective against the novel coronavirus.
Categories: Business News
Parts maker Visteon expects global auto output to plunge up to 25%
Major auto parts supplier Visteon Corp
on Thursday forecast global production volumes for the
auto industry to fall between 20% and 25% this year and warned
it would be a couple of years before they returned to 2019
levels.
Categories: Business News
UPDATE 2-EU wants to buy COVID-19 vaccines up front - unless they're made in America
The European Commission is
seeking a mandate from EU countries to buy promising COVID-19
vaccine candidates in advance from pharmaceutical firms, as long
as they are not produced solely in the United States, officials
said.
Categories: Business News
UPDATE 2-Euro zone bonds rally after Fed, supply deluge
* Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr
(Updates prices, adds chart and latest news)
Categories: Business News
U.S. auto suppliers cheer as carmakers relaunch, but long-term worries remain
Auto parts suppliers across
North America said they are encouraged as major automakers
accelerate production after coronavirus pandemic shutdowns, but
are holding back on hiring and investment because of longer-term
uncertainty.
Categories: Business News
UPDATE 1-Moderna to start final testing stage of coronavirus vaccine in July
Moderna Inc on
Thursday confirmed it plans to start a trial of 30,000
volunteers of its much-anticipated coronavirus vaccine in July
as the company enters the final stage of testing.
Categories: Business News
Uber, Lyft drivers now considered employees under California law
The California Public Utilities
Commission (CPUC) said drivers under Transportation Network
Companies (TNCs), which include ride-hailing services such as
Uber Technologies Inc and Lyft Inc, would be
considered employees under the state's work law.
Categories: Business News
UPDATE 1-Japan's Takeda to sell some Asia-focused drugs to Celltrion for $278 mln
Takeda Pharmaceutical Co Ltd
has agreed to sell a portfolio of over-the-counter and
prescription drugs marketed in the Asia Pacific region to South
Korea's Celltrion Inc for $278 million, it said on
Thursday
Categories: Business News
CANADA STOCKS-Falling oil prices drag TSX futures lower
Futures for Canada's main stock index
fell on Thursday, as oil prices dropped on a record build-up in
U.S. crude inventories and a dour economic outlook from the U.S.
Federal Reserve.
Categories: Business News
