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Updated: 4 years 23 weeks ago
Upmarket taxi service Wheely risks Moscow ban in dispute over geolocation data
London-based luxury taxi service
Wheely risks being banned in Moscow after it said it refuses to
share vehicle geolocation data with the authorities, citing
passenger privacy rights.
Categories: Business News
UPDATE 4-Gilead's remdesivir shows modest improvement in moderate COVID-19 patients
Gilead Sciences Inc on Monday
reported that its antiviral drug remdesivir provided a modest
benefit in patients with moderate COVID-19 given a five-day
course of the treatment, while those who received the medicine
for 10 days in the study did not fare as well.
Categories: Business News
UPDATE 1-WHO will decide on its hydroxychloroquine trial suspension in 24 hours
The World Health Organization (WHO)
should have enough information in 24 hours to decide whether to
continue suspending its trial of hydroxychloroquine for use
against coronavirus, its chief scientist Soumya Swaminathan said
on Monday.
Categories: Business News
UPDATE 1-HollyFrontier to convert petroleum refinery into renewable diesel plant
U.S. refiner HollyFrontier Corp
said on Monday it would convert its petroleum refinery in
Cheyenne, Wyoming into a renewable diesel production plant, as
it looks to expand its renewables business.
Categories: Business News
UPDATE 1-Brazil cannot rely on foreign funding in short term, says central bank chief
Brazil cannot rely on foreign
financing in the short term, central bank president Roberto
Campos Neto said on Monday, citing the recent record capital
outflow as the coronavirus crisis and investor jitters
intensified.
Categories: Business News
MEDIA-Abu Dhabi said to near pipeline stake sale to GIP-backed group - Bloomberg News
Categories: Business News
Canada's TD Bank CEO urges 'zero tolerance' of racism as protests rage across U.S.
Toronto-Dominion Bank's
chief executive on Monday called for "zero tolerance" of racism
after violent protests raged across the United States for a
sixth straight night over racial inequities and excessive police
force.
Categories: Business News
UPDATE 2-Facebook's Zuckerberg faces employee backlash over Trump protest comments
Facebook employees critical of CEO Mark
Zuckerberg's decision not to act on President Donald Trump's
inflammatory comments about U.S. protests went public on
Twitter, praising the rival social media company for acting, and
rebuking their own employer.
Categories: Business News
Oil rescues big banks' commodities profits as gold income tumbles
The world's 12 biggest investment
banks cashed in on commodity price volatility caused by the
coronavirus in the first quarter, with big increases in income
from oil offsetting a tumble in precious metals, consultancy
Coalition said.
Categories: Business News
HollyFrontier to convert petroleum refinery into renewable diesel plant
HollyFrontier Corp said on Monday
it would convert its petroleum refinery located in Cheyenne,
Wyoming into a renewable diesel production plant, as it looks to
expand its renewables business.
Categories: Business News
WRAPUP 1-U.S. manufacturing activity off 11-year low; construction spending falls
U.S. manufacturing activity
eased off an 11-year low in May, the strongest sign yet that the
worst of the economic downturn was behind as businesses reopen,
though the recovery from the COVID-19 crisis could take years
because of high unemployment.
Categories: Business News
GLOBAL MARKETS-World equities edge higher despite U.S.-China tensions
World stock markets hovered
near three-month highs and safe-haven government bonds inched
lower as risk appetite grew on signs that the global economic
downturn has bottomed, despite worries over violent protests in
the United States and unease over Washington's standoff with
Beijing.
Categories: Business News
Italy new car sales fall 50% y-o-y in May
New car registrations in Italy fell
for the fifth straight month in May, down 49.61% from the
previous year, the transport ministry said on Monday.
Categories: Business News
UPDATE 3-U.S. Supreme Court upholds Puerto Rico financial oversight board appointments
The U.S. Supreme Court on
Monday upheld appointments to Puerto Rico's federally created
financial oversight board that had been challenged by creditors
in a ruling that avoids disruption to the panel's restructuring
of about $120 billion of the bankrupt U.S. territory's debt.
Categories: Business News
GRAPHIC-Canadian banks' tenfold jump in energy provisions to cap future pain, investors say
Canadian banks' exposure to the
beleaguered energy industry contributed to plunging profits in
the second quarter, but investors said that as oil prices
recover, the tenfold boost in loan-loss provisions lenders made
from a year earlier may be enough to absorb any losses.
Categories: Business News
Brazil has no plans to change inflation goals - central bank chief
Brazil's central bank has no
plans to change its 2022 inflation goal of 3.5%, bank president
Roberto Campos Neto said on Monday, even though inflation is
running significantly below target as the economy heads for one
of its steepest ever downturns.
Categories: Business News
CORRECTED-UPDATE 2-Moderna extends lipids deal to boost COVID-19 vaccine candidate output (May 28)
Moderna Inc has extended a deal
to secure large volumes of the lipids used to produce its
experimental COVID-19 vaccine as the U.S. biotech looks to build
capacity and produce enough doses to meet expected global
demand.
Categories: Business News
US STOCKS-Wall St flat as recovery hopes offset U.S. protests, China tensions
Categories: Business News
UPDATE 2-Zynga to buy Turkish mobile game-maker Peak for $1.8 bln
Zynga Inc said on Monday it
would buy Turkish mobile-game maker Peak for $1.8 billion, in a
move that will boost the company's daily active user base by
60%.
Categories: Business News
