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Updated: 4 years 22 weeks ago
GLOBAL MARKETS-Asia cautious as U.S. riots weigh on S&P futures
Asian share markets started on a
cautious note and gold gained on Monday as images of riots in
burning U.S. cities unnerved investors already tense over
Washington's power struggle with Beijing.
Categories: Business News
RPT-U.S. copper concentrate heads to China again after tariff relief
China is importing at least two
cargoes of copper concentrate from the United States after
Beijing allowed Chinese companies to seek trade-war tariff
waivers on the material, according to two smelter sources.
Categories: Business News
Coty to appoint Chairman Peter Harf as its new CEO -WSJ
Coty Inc is set to announce that
Peter Harf, its current chairman, will become the cosmetics
company's new chief executive officer, replacing Pierre Laubies,
the Wall Street Journal reported on Sunday, citing people
familiar with the matter.
Categories: Business News
Netease aims to raise $2-$3 billion in Hong Kong listing
Chinese tech group Netease Inc
aims to raise between $2 and $3 billion in one of the
largest equity deals so far this year when it launches a
secondary listing in Hong Kong on Monday, said three people
familiar with the transaction.
Categories: Business News
RPT-China braces for aluminium import wave as coronavirus recovery upends trade
Categories: Business News
UPDATE 2-Mexico's Libre Abordo announces bankruptcy, termination of swap with Venezuela
Mexico-based company Libre
Abordo said on Sunday it was bankrupt and that Venezuelan
President Nicolas Maduro had terminated an oil-for-food
agreement that had allowed the firm to supply water trucks in
exchange for millions of barrels of Venezuelan crude.
Categories: Business News
UPDATE 5-U.S. cities fear more destruction as protesters rage against police brutality
Major U.S. cities feared
another night of violent protests on Sunday over the death of
George Floyd in police custody, cleaning up broken glass and
burned out cars after curfews failed to stop confrontations
between activists and law enforcement.
Categories: Business News
RPT-Softbank-backed Coupang under scrutiny after S.Korea warehouse virus outbreak
Categories: Business News
UPDATE 1-Retailers already hit by coronavirus board up as U.S. protests rage
Retail giant Target Corp
said on Sunday it shuttered stores across the United
States as retailers already reeling from closures because of the
coronavirus pandemic shut outlets amid protests that included
looting in many U.S. cities.
Categories: Business News
UPDATE 1-German ministry proposes 5 bln euro car bonus scheme -sources
Germany's Ministry of
Economics has proposed a 5 billion euro ($5.6 billion) buyer
bonus scheme as part of an impending stimulus package in an
effort to boost car sales, two people close to the matter said
on Sunday.
Categories: Business News
UPDATE 4-SpaceX Crew Dragon delivers two NASA astronauts to International Space Station
Nearly 24 hours
after launching from Florida, SpaceX's Crew Dragon capsule
delivered NASA astronauts Bob Behnken and Doug Hurley to the
International Space Station on Sunday, marking the first U.S.
space capsule to do so with a crew since 2011.
Categories: Business News
UPDATE 3-U.S. cities brace for another violent night as protesters rage against police brutality
Dozens of U.S. cities on
Sunday were bracing for another night of unrest after cleaning
up streets strewn with broken glass and burned out cars as
curfews failed to quell confrontations between protesters and
police.
Categories: Business News
Retailers already hit by coronavirus board up as U.S. protests rage
Retail giant Target shuttered
stores across the U.S. as retailers already reeling from
closures due to the coronavirus pandemic shut stores amid
protests that included looting in many U.S. cities on Sunday.
Categories: Business News
UPDATE 1-Mexico's Libre Abordo announces bankruptcy, termination of swap with Venezuela
Mexico-based company Libre
Abordo said on Sunday it was bankrupt and that Venezuelan
President Nicolas Maduro had terminated an oil-for-food
agreement that had allowed the firm to supply water trucks in
exchange for millions of barrels of Venezuelan crude.
Categories: Business News
Czech firearms maker CZG to list on Prague bourse, may offer shares later this year
Czech firearms maker Ceska
zbrojovka Group SE will make a technical listing of its shares
on the Prague Stock Exchange on Monday with the view to a
potential public offering later, the company said on Sunday.
Categories: Business News
Embraer negotiating $600 million bank financing for exports
Brazilian planemaker
Embraer SA, the world's third largest commercial jet
builder, should obtain $600 million in credit lines from
Brazil's state development bank BNDES and private banks in June,
government sources said on Sunday.
Categories: Business News
Amazon's Jeff Bezos invests in UK digital freight forwarder Beacon
Amazon.com Inc Chief Executive
Jeff Bezos has picked British startup Beacon, a digital freight
forwarder, for his latest investment.
Categories: Business News
UPDATE 1-SpaceX Crew Dragon with two NASA astronauts docks with International Space Station
Just under 19 hours
after launching from Florida, SpaceX's Crew Dragon capsule
carrying NASA astronauts Bob Behnken and Doug Hurley docked with
the International Space Station on Sunday, marking the first
U.S. space capsule to do so with a crew since 2011.
Categories: Business News
Dubai faces 5.5% recession this year as $10 bln debt repayments loom, BofA says
Dubai could see a recession of
around 5.5% in 2020 as it faces about $10 billion in debt
maturities this year while revenues are expected to drop in line
with the pattern of the 2009 crisis, Bank of America
said in a research note.
Categories: Business News
Wall St Week Ahead-RPT-Investors eye consumer discretionary stocks as U.S. reopens
Investors are taking a closer
look at the market's consumer discretionary companies as a
reopening U.S. economy fuels hopes of a turnaround for some of
the sector's hardest-hit names.
Categories: Business News
