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Updated: 4 years 23 weeks ago

FOREX-Euro consolidates gains following lift from extra ECB stimulus

Fri, 2020-06-05 03:02
The euro consolidated its gains on Friday after receiving a boost from the European Central Bank's announcement a day earlier that it was expanding its stimulus programme, putting the single currency on course to rise for a third straight week.
Categories: Business News

Bargain-conscious Americans lift used-car sales in the coronavirus economy

Fri, 2020-06-05 03:00
At the height of the coronavirus pandemic in mid-April, used-car dealer Alex Tovstanovsky had vehicles jammed six rows deep on his lot in the western Chicago suburb of Naperville.
Categories: Business News

Brazil retailer Centauro raises $176 mln in follow-on offering; trading from June 8

Fri, 2020-06-05 02:49
Brazilian sporting goods retailer Centauro has sold 30,000,000 new shares in a follow-on offering at 30 reais each, raising 900 million reais ($176 million), it said on Friday.
Categories: Business News

Japanese lenders bet on casinos

Fri, 2020-06-05 01:40
TOKYO, June 5 (LPC) - Japan's megabanks are hoping to hit the jackpot on up to ¥1.8trn (US$17bn) of project financings from the country's first integrated resort casinos, for which senior bank debt is expected to play a pivotal role in funding plans.
Categories: Business News

UPDATE 1-British Airways parent company considering legal challenge to UK quarantine rules

Fri, 2020-06-05 01:34
The owner of British Airways is considering launching a legal challenge against the UK's looming quarantine plan, its chief executive said, warning that the new rules would torpedo its return to flying in July.
Categories: Business News

CORRECTED-Tesla's Elon Musk calls for breakup of Amazon in tweet

Fri, 2020-06-05 01:27
Tesla Inc Chief Executive Elon Musk on Thursday called for Amazon.com Inc to be broken up.
Categories: Business News

UPDATE 2-Facebook to apply state media labels on Russian, Chinese outlets

Fri, 2020-06-05 01:08
Facebook Inc will start labeling Russian, Chinese and other state-controlled media organizations, and later this summer will block any ads from such outlets that target U.S. users, it said on Thursday.
Categories: Business News

UPDATE 8-Pompeo calls Nasdaq's strict rules a model to guard against fraudulent Chinese companies

Fri, 2020-06-05 01:05
U.S. Secretary of State Mike Pompeo on Thursday warned American investors against fraudulent accounting practices at China-based companies and said the Nasdaq's recent decision to tighten listing rules for such players should be "a model" for all other exchanges around the world.
Categories: Business News

Lenders cool on US buyout talk

Fri, 2020-06-05 01:00
HONG KONG, June 5 (LPC) - A bill that could force Chinese companies to delist over US$1trn of shares from US markets has sparked chatter among Asian lenders of an unprecedented wave of event-driven financings as a potential consequence.
Categories: Business News

British Airways parent company considering legal challenge to UK quarantine rules

Fri, 2020-06-05 00:58
British Airways parent company IAG said it is considering launching a legal challenge against the UK government's 14-day quarantine rule for incoming travellers.
Categories: Business News

UPDATE 1-European stocks set for strong finish to week, banks sizzle after ECB

Fri, 2020-06-05 00:58
* Hugo Boss jumps after confirming talks for new CEO (Adds comment, updates prices)
Categories: Business News

UPDATE 1-Link to raise $284 mln from sale of ex-Woodford fund healthcare assets

Fri, 2020-06-05 00:47
Fund administrator Link Fund Solutions said it will sell up to 19 healthcare assets in the LF Equity Income fund formerly run by Neil Woodford for 223.9 million pounds ($284 million) to Acacia Research Corp as it seeks to recoup cash for investors.
Categories: Business News

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

Fri, 2020-06-05 00:42
World stocks held their ground near three-month highs as the euro hit its highest level since March 10, thanks to Europe's stimulus boost, fuelling hopes for a global rebound.
Categories: Business News

MORNING BID-Warm glow for markets

Fri, 2020-06-05 00:31
(A look at the day ahead from EMEA deputy markets editor Sujata Rao. The views expressed are her own.) The euro is basking in the afterglow of yesterday's European Central Bank meeting; having just enjoyed its longest winning streak since 2011 -- eight days -- it could extend that all the way back to 2004, should it post another day of gains.
Categories: Business News

FOREX-Euro in the ascendancy on the back of ECB stimulus

Fri, 2020-06-05 00:12
The euro climbed to a three-month high on Friday and was set for a third straight week of gains after the European Central Bank expanded its stimulus programme.
Categories: Business News

REFILE-Once targeted by officials, street vendors make unexpected comeback in China

Fri, 2020-06-05 00:09
* Authorities loosen rules on roadside vending in slow economy
Categories: Business News

CORRECTED-Link sells former Woodford fund's healthcare assets to Acacia for 224 mln stg

Fri, 2020-06-05 00:08
Link Fund Solutions, administrator of the LF Equity Income Fund, formerly run by veteran investor Neil Woodford, said on Friday it would sell up to 19 of the fund's healthcare assets to Acacia Research Corp for 223.9 million pounds.
Categories: Business News

UPDATE 1-BP agrees to sweeten sale of North Sea assets to Premier Oil

Fri, 2020-06-05 00:02
* BP agreed to make part of payment contingent on oil price rise
Categories: Business News

China says social media firms should not selectively create obstacles for media

Thu, 2020-06-04 23:41
China said on Friday that social media companies should not selectively create obstacles for media agencies, responding to Facebook Inc's decision to start labeling state-controlled media organisations.
Categories: Business News

UPDATE 1-Singapore plans wearable virus contact tracing device for all

Thu, 2020-06-04 23:40
Singapore plans to give a wearable device that will identify people who had interacted with carriers of coronavirus to all of its 5.7 million residents, in what could become one of the most comprehensive contact tracing efforts globally.
Categories: Business News

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