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Updated: 4 years 23 weeks ago
U.S. will allow Chinese passenger carriers to fly two flights per week
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
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
UPDATE 1-Online used car seller Vroom raises IPO price range
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
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
Categories: Business News
Russian c.bank says v-shaped economic recovery not realistic
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
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
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
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
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
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
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
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
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
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
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
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
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
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
