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Updated: 4 years 22 weeks ago
JPMorgan, Barclays settle Mexican bond rigging litigation
JPMorgan Chase & Co and
Barclays Plc will pay $20.7 million to resolve
investors' claims they conspired to rig the Mexican government
bond market, the first of nine banks in the proposed
class-action litigation to settle.
Categories: Business News
UPDATE 1-ProPetro estimates number of frac fleets in Permian slumps to 20
Oilfield firm ProPetro Holding Corp
on Tuesday estimated there are 20 hydraulic fracturing
fleets running in the Permian Basin shale field, marking a sharp
decline as oil prices have dropped 41% this year.
Categories: Business News
Media firms, celebrities join BlackOut Tuesday protests
Major broadcasters, celebrities and music
streaming companies including Apple Music and Spotify turned off
or made changes to their services on Tuesday to mark their
solidarity with protests against the killing of George Floyd.
Categories: Business News
Pfizer to invest up to $500 mln in public drug developers
Pfizer Inc said on Tuesday it
will invest up to $500 million into publicly traded drug
developers to fund their treatment candidates and provide access
to the U.S. drugmaker's scientific expertise.
Categories: Business News
UPDATE 1-Bell Canada picks Ericsson as 5G supplier amid Huawei uncertainty
Canadian telecom services provider Bell
Canada said on Tuesday it has chosen Sweden's Ericsson
to be its 5G network equipment supplier, at a time
when Huawei Technologies Co Ltd faces an uncertain
future in the country.
Categories: Business News
Air Canada raises nearly C$1.6 bln amid COVID-19 pandemic
Air Canada said on Tuesday it
raised nearly C$1.6 billion ($1.18 billion) through an offering
of shares and convertible senior notes to strengthen its cash
flow amid the coronavirus crisis.
Categories: Business News
CANADA STOCKS-TSX gains on energy boost, recovery hopes
Canada's main stock index rose on Tuesday
as energy stocks gained on higher oil prices, with sentiment
also supported by hopes for an economic recovery from a
coronavirus-fueled slump.
Categories: Business News
Bell Canada picks Ericsson as 5G supplier amid Huawei uncertainty
Canadian telecom services provider Bell
Canada said on Tuesday it has chosen Sweden's Ericsson
to be its 5G network equipment supplier, at a time when Huawei
faces an uncertain future in the country.
Categories: Business News
'Stop the cockroach': protests rattle Belarus President Lukashenko before election
In the Belarusian capital Minsk, a
long queue formed outside a covered food market on Sunday as
people waited for hours to give their signature to opposition
candidates contesting a presidential election in August.
Categories: Business News
Oilfield firm ProPetro estimates 20 frac fleets running in Permian
Oilfield firm ProPetro Holding Corp
on Tuesday said there are 20 hydraulic fracturing
fleets running in the Permian Basin shale field, marking a sharp
decline as oil prices have collapsed to around $36 a barrel.
Categories: Business News
GLOBAL MARKETS-Equities cruise to three-month highs, dollar under protest pressure
World stock markets hit their
highest levels since March and oil prices jumped on Tuesday as
signs of a global economic recovery from the coronavirus
pandemic offset concerns over the worst civil unrest in the
United States in decades.
Categories: Business News
UPDATE 1-Don't resist order deferrals, Qatar Airways tells jetmakers
Qatar Airways Chief Executive
Akbar al-Baker on Tuesday warned Airbus and Boeing
against resisting the airline's requests to defer
aircraft deliveries, in a battle over who should bear the strain
of the coronavirus crisis.
Categories: Business News
UK warns China against destroying the 'jewel' of Hong Kong with crackdown
The United Kingdom said on
Tuesday that China was risking the destruction of one of the
jewels of Asia's economy with a crackdown in the former colony
of Hong Kong that breaches international law.
Categories: Business News
PRESS DIGEST- Canada- June 2
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
GRAPHIC-Coronavirus and the global economy
The novel coronavirus has disrupted the
global economy to an extent never seen before. The shutdowns
imposed to slow its spread have sent economic output crashing,
caused financial market panic and curtailed travel, leisure and
social life more severely than many wars have.
Categories: Business News
Rental management firm Vacasa raises $108 mln in Silver Lake-led round
Rental property manager Vacasa LLC said
on Tuesday it raised $108 million in a financing round led by
private equity firm Silver Lake, bolstering the U.S. company's
coffers as it bids to beat the economic downturn induced by the
COVID-19 pandemic.
Categories: Business News
CANADA STOCKS-TSX futures higher on economic recovery hopes
Futures for Canada's main stock index
were higher on Tuesday as optimism over global economic recovery
efforts eclipsed worries about U.S.-China trade tensions and the
worst civil unrest in the United States in decades.
Categories: Business News
UPDATE 1-India approves emergency use of remdesivir to treat COVID-19 patients
India's government said on
Tuesday it has approved Gilead Sciences Inc's antiviral
drug remdesivir for emergency use for five doses in treating
COVID-19 patients.
Categories: Business News
UPDATE 1-Indian carmakers offer teasers as RBI softens stance, sources say
Carmakers Maruti Suzuki
, Hyundai and Mercedes Benz are offering buyers "teaser
loans", a move sources said followed a softening of the Indian
central bank's stance on the products in the face of a
coronavirus crisis induced economic slump.
Categories: Business News
