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Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
Updated: 4 years 22 weeks ago

U.S. will allow Chinese passenger carriers to fly two flights per week

Fri, 2020-06-05 07:45
The U.S. Transportation Department said Friday it will allow Chinese passenger air carriers to operate two flights after Beijing said it would ease coronavirus restrictions to allow in more foreign carriers.
Categories: Business News

Shift4 Payments surges nearly 44% in market debut

Fri, 2020-06-05 07:41
Shares of payments technology company Shift4 Payments Inc jumped nearly 44% in their U.S. market debut on Friday, at a time when online transactions are seeing a jump amid coronavirus-led lockdowns.
Categories: Business News

US STOCKS-Wall Street jumps on surprise improvement in labor market

Fri, 2020-06-05 07:37
* Indexes up: Dow 3.31%, S&P 500 2.63%, Nasdaq 1.91% (Adds comments, updates prices throughout)
Categories: Business News

UPDATE 1-Online used car seller Vroom raises IPO price range

Fri, 2020-06-05 07:19
Online used car seller Vroom Inc on Friday increased the target range for its U.S. initial public offering, looking to raise up to $375 million, as the IPO market gathers steam after the COVID-19 pandemic put several debuts on hold.
Categories: Business News

UPDATE 1-Chevron oil cargo tangled in U.S. sanctions on Venezuela

Fri, 2020-06-05 07:19
A Chevron Corp crude oil cargo has become embroiled in U.S. sanctions on shipping companies for violating restrictions on doing business with Venezuela, the company confirmed on Friday.
Categories: Business News

US STOCKS-Wall St set to open higher on surprise drop in unemployment rate

Fri, 2020-06-05 05:07
* Futures up: Dow 2.40%, S&P 500 1.52%, Nasdaq 0.05% (Adds comments, updates prices throughout)
Categories: Business News

Russian c.bank says v-shaped economic recovery not realistic

Fri, 2020-06-05 04:59
Russia's Central Bank Governor Elvira Nabiullina on Friday said a quick economic recovery is not realistic due to the specialised nature of Russia's economy and the high level of uncertainty surrounding the coronavirus epidemic.
Categories: Business News

LVMH backs down on renegotiating Tiffany deal-sources

Fri, 2020-06-05 04:54
French luxury goods giant is not seeking to renegotiate its $16.2 billion acquisition of U.S. jewelry chain Tiffany & Co after deliberating whether to do so, people familiar with the matter said on Friday.
Categories: Business News

US STOCKS SNAPSHOT-Futures jump after surprise fall in May unemployment

Fri, 2020-06-05 04:44
U.S. stock index futures sharply extended gains on Friday after a closely watched monthly employment report from the Labor Department showed the jobless rate unexpectedly dropped to 13.3% last month from 14.7% in April.
Categories: Business News

Brazil auto production rises in May, but still far behind a year ago

Fri, 2020-06-05 04:43
Brazil's automobile production rose in May from April, but remains 84.4% lower compared with the same month in 2019, the national automakers' association said on Friday.
Categories: Business News

UPDATE 2-Bombardier to cut 2,500 aviation jobs as COVID-19 slams demand

Fri, 2020-06-05 04:22
Canadian business jet maker Bombardier Inc said on Friday it would cut 2,500 jobs, or about 11% of its workforce, at its aviation unit as the COVID-19 pandemic's crushing impact on the air industry adds to its long list of problems.
Categories: Business News

UPDATE 2-Twitter disables Trump video tribute to Floyd over copyright complaint

Fri, 2020-06-05 04:19
Twitter Inc has disabled U.S. President Donald Trump's campaign tribute video to George Floyd on its platform, citing a copyright complaint.
Categories: Business News

GLOBAL MARKETS-Global stocks and euro gain ahead of U.S. jobs data

Fri, 2020-06-05 04:10
World stocks held near three-month highs and the euro also remained close to a three-month peak, thanks to a larger than expected European stimulus boost and on hopes of a global economic rebound.
Categories: Business News

GRAPHIC-Take Five: Bulls charge past hurdles

Fri, 2020-06-05 04:01
Have HSBC and Standard Chartered "chosen profits over human rights" in backing China's national security law for Hong Kong, as some suggest? Or does it reflect the tightrope businesses must navigate between Hong Kong's protesters and Beijing?
Categories: Business News

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

Fri, 2020-06-05 03:56
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

PRESS DIGEST- Canada- June 5

Fri, 2020-06-05 03:47
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 2-BA owner considering legal challenge on UK quarantine as relations fray

Fri, 2020-06-05 03:43
The owner of British Airways is considering launching a legal challenge against the UK's looming quarantine plan, in the latest sign of a breakdown in relations between airlines and the government over the coronavirus pandemic.
Categories: Business News

CANADA STOCKS-TSX futures lifted by higher oil prices

Fri, 2020-06-05 03:42
Canada's main stock index futures rose on Friday, as oil prices gained on OPEC and its allies' decision to hold discussions on extending oil output cuts on Saturday.
Categories: Business News

METALS-Copper heads for its biggest weekly gain in more than a year

Fri, 2020-06-05 03:09
Copper prices rose to 2-1/2 month highs on Friday and were on track for their biggest weekly gain in 15 months as investors bet on a revival of global economic activity.
Categories: Business News

Indonesia says it will ask Freeport build copper smelter in Halmahera

Fri, 2020-06-05 03:07
The Indonesian government will ask PT Freeport Indonesia to build a copper smelter in Weda Bay, a newly built metal industrial park in Halmahera, the senior minister overseeing mining said on Friday.
Categories: Business News

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