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Updated: 4 years 21 weeks ago
WRAPUP 5-Hong Kong warns removing U.S. special status is a 'double-edged sword'
Categories: Business News
UPDATE 1-Minerva's schizophrenia drug misses main goal in study; shares tumble
Drug developer Minerva Neurosciences Inc
said on Friday its experimental drug for schizophrenia
did not meet the main goal of a late-stage study, sending its
shares down nearly 66% in early trade.
Categories: Business News
Dutch gov't: telecoms to give data to health authority
The Dutch government said on
Friday it plans to introduce an emergency law requiring
telecommunications companies to give anonymized cell tower data
to the country's health authority RIVM.
Categories: Business News
UPDATE 2-Sweden excluded as neighbours Denmark and Norway ease travel restrictions
* Graphic: https://tmsnrt.rs/3c4GMlY
(Recasts with confirmation, adds quotes from Norway PM, Danish
PM, Swedish reaction)
Categories: Business News
CANADA STOCKS-TSX opens lower on weak oil, U.S.-China tensions
Canada's main stock index opened lower on
Friday, dragged down by falling oil prices, while investors
awaited Washington's response to China tightening its grip over
Hong Kong.
Categories: Business News
UPDATE 1-J&J's Ebola vaccine wins EU regulatory panel backing
A panel of the European health regulator
on Friday recommended approving Johnson & Johnson's
two-dose experimental vaccine for Ebola in the European Union.
Categories: Business News
US STOCKS SNAPSHOT-S&P, Dow open lower on jitters over Trump's China response
The S&P 500 and Dow Jones indexes opened
lower on Friday as investors braced for a U.S. response to
China's national security law on Hong Kong, threatening to take
the shine off another month of strong gains for the stock
market.
Categories: Business News
TREASURIES-Yields fall as U.S., China tensions increase
U.S. Treasury yields dipped on
Friday as concerns about escalating tensions between the United
States and China weighed on risk sentiment.
Hong Kong told the United States to keep out of the debate
over national security legislation being imposed by China, and
warned that withdrawal of the financial hub's special status
under U.S. law could backfire on the U.S. economy.
President Donald Trump is due to announce later on Friday
his re
Categories: Business News
Minerva Neurosciences' schizophrenia drug misses main goal in study
Drug developer Minerva Neurosciences Inc
said on Friday its experimental drug for schizophrenia
did not meet the main goal of a late-stage study.
Categories: Business News
Uber launches hourly ride booking option in some U.S. cities
Uber Technologies Inc on Friday
said it would offer rides by the hour in some U.S. cities, a
feature aimed at helping Americans with essential trips during
the coronavirus pandemic.
Categories: Business News
UPDATE 4-We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot
Renault acknowledged that its
global ambitions had been unrealistic, announcing plans to cut
about 15,000 jobs, shrink production and restructure French
plants as it pressed the reset button and sought to banish the
spectre of Carlos Ghosn.
Categories: Business News
Renault factory worker spared layoffs - for now
Giovanni Pili, a worker
at a Renault factory in France, was on Friday savouring the fact
that he was not laid off in a global shakeup at the carmaker,
and trying not to think too much about the uncertain future
facing his plant, and his industry.
Categories: Business News
European agency panel recommends approval of J&J's Ebola vaccine
A panel of the European health regulator
on Friday recommended approving Johnson & Johnson's
two-dose experimental vaccine for Ebola in the European Union.
Categories: Business News
Britain seeking new entrants to 5G market - PM's spokesman
Britain set out in January that
it was seeking entrants into the market for 5G
telecommunications and that London is speaking to allies about
it such as the United States, a spokesman for Prime Minister
Boris Johnson said on Friday.
Categories: Business News
PRESS DIGEST- Canada- May 29
The following are the top stories from
selected Canadian newspaper The Globe and Mail. Reuters has not
verified these stories and does not vouch for their accuracy.
Categories: Business News
Denmark, Norway create joint travel zone -Norway PM
Norway and Denmark will resume free
travel between the two Nordic countries from June 15, Norway's
Prime Minister said on Friday.
Categories: Business News
UPDATE 3-We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot
Renault acknowledged that its
global ambitions had been unrealistic, announcing plans to cut
about 15,000 jobs, shrink production and restructure French
plants as it pressed the reset button and sought to banish the
spectre of Carlos Ghosn.
Categories: Business News
Aussie lev fin points to revival
* Loans: Riskier loans test resilience of institutional
market
By Mariko Ishikawa
SYDNEY, May 29 (LPC) - The leveraged finance market Down
Under is showing signs of revival, with a couple of event-driven
loans injecting life into a market that slowed to a trickle when
the coronavirus pandemic hit.
Infrastructure services company Ventia and private equity
firm Madison Dearborn Partners are leading a
US$3.81bn-equivalent pipeline of sizeable term loan Bs, in a
test of resilience
Categories: Business News