Business

FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant LONDON (Reuters) – Oil prices were broadly stable on Thursday after dipping in and out of positive territory as bulls took their cue from shrinking U.S. oil product stocks

TOKYO/WASHINGTON (Reuters) – Asian stocks and Wall Street futures fell on Thursday as spiking coronavirus cases in some U.S. states and in China dented hopes of a quick global economic comeback from the pandemic. FILE PHOTO: A man wearing a protective face mask, following the coronavirus disease (COVID-19) outbreak, is silhouetted in front of a

(Reuters) – Federal Aviation Administration chief Steve Dickson acknowledged on Wednesday that Boeing and the U.S. air safety agency both made mistakes in the development of the 737 MAX jetliner, grounded for more than a year following fatal crashes. FILE PHOTO: Steve Dickson, Administrator of the Federal Aviation Administration, speaks at the UK Aviation Club

WASHINGTON (Reuters) – U.S. homebuilding increased less than expected in May, but a strong rebound in permits for future home construction suggested the housing market was starting to emerge from the COVID-19 crisis along with the broader economy. FILE PHOTO: A new apartment building housing construction site is seen in Los Angeles, California, U.S. July

FILE PHOTO: A woman wearing a protective face mask walks past a logo of HSBC bank at the financial and business district of La Defense near Paris as France begun a gradual end to a nationwide lockdown due to the coronavirus disease (COVID-19), May 11, 2020. REUTERS/Gonzalo Fuentes LONDON (Reuters) – HSBC (HSBA.L) is resuming

WASHINGTON/NEW YORK (Reuters) – After 15 years working as a hair stylist in other people’s salons, Gary Connell opened his “Healthy Hair” studio in Montgomery County, Maryland in early March, sinking his savings into a two-chair shop in a busy mall. It hadn’t even been up and running for a full month when stay-at-home orders

FILE PHOTO: Martin Lundstedt, CEO of Volvo, presents the company’s first quarter results at a news conference in Stockholm, Sweden April 25, 2017. TT News Agency/Noella Johansson via REUTERS STOCKHOLM (Reuters) – Truck- and construction equipment maker AB Volvo (VOLVb.ST) plans to cut its white-collar workforce by around 4,100 positions during the second half of

FILE PHOTO: People wait for the start of Grab’s fifth anniversary news conference in Singapore June 6, 2017. REUTERS/Edgar Su SINGAPORE (Reuters) – Southeast Asian ride-hailing and payments firm Grab announced hundreds of job losses on Tuesday due to the impact of novel coronavirus. Southeast Asia’s most valuable startup with a valuation of $14 billion,

(Reuters) – Six former eBay Inc (EBAY.O) employees have been criminally charged with cyberstalking a Massachusetts couple who published an online newsletter viewed as critical of the e-commerce company, federal prosecutors in Boston said on Monday. FILE PHOTO: An eBay logo is projected onto white boxes in this illustration picture taken in Warsaw, January 21,

FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., December 18, 2018. REUTERS/Brendan McDermid/File Photo (Reuters) – Goldman Sachs Group Inc (GS.N) on Monday pledged an additional $250 million to fund the federal aid program

NEW YORK/MEXICO CITY (Reuters) – Mexico will have to pay more for less coverage under its giant oil revenue insurance policy for 2021, but will likely go ahead anyway to avoid further damaging its financial standing with international investors, sources said. FILE PHOTO: General view shows Mexican state oil firm Pemex’s Cadereyta refinery, in Cadereyta,

FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks at the Commonwealth Club in San Francisco, U.S., October 11, 2019. REUTERS/Ann Saphir WASHINGTON (Reuters) – Systemic racism and high unemployment levels among black and Hispanic Americans create a drag on the U.S. economy, Dallas Federal Reserve President Robert Kaplan said on Sunday. “A more

NEW YORK (Reuters) – As the U.S. economy begins to emerge from the sharp slowdown during the coronavirus pandemic, some fund managers have been drawn to value stocks, a sector that underperformed during the recent rally. FILE PHOTO: Pedestrians walk past the New York Stock Exchange as the building opens for the first time since

(Reuters) – The corporate response to a wave of protests over the treatment of African Americans has included pledges to increase diversity, donations to civil rights groups and, in some cases, changes in policies or practices long sought by critics. Here is a sampling: FILE PHOTO: Protesters rally against the death in Minneapolis police custody

FILE PHOTO: A logo of CVS Health is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., December 5, 2017. REUTERS/Lucas Jackson (Reuters) – Drugstore chain CVS Health Corp joined Walmart Inc in announcing it will stop keeping beauty and personal care

FILE PHOTO: A woman wearing a mask walks past the headquarters of the People’s Bank of China, the central bank, in Beijing, China, as the country is hit by an outbreak of the new coronavirus, February 3, 2020. REUTERS/Jason Lee/File Photo/File Photo SHANGHAI (Reuters) – China’s central bank has given the final nod to a

FILE PHOTO: U.S. President Donald Trump signs the Paycheck Protection Program and Health Care Enhancement Act financial response to the coronavirus disease (COVID-19) outbreak, in the Oval Office at the White House in Washington, U.S. April 24, 2020. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – Federal authorities administering business payroll loans as part of U.S. coronavirus relief

(Reuters) – U.S. stocks ended higher on Friday as bargain hunters stepped back into the market following sharp losses a day earlier, but all three major indexes suffered their biggest weekly percentage declines since March. The day’s trading was marked by wild swings, with the S&P 500 up about 3% at its high of the

NEW YORK (Reuters) – Wall Street plummeted on Thursday as investors reacted to renewed fears of a pandemic resurgence and digested dour economic forecasts from the U.S. Federal Reserve. All three major U.S. stock indexes were down about 5%, posting their worst day since mid-March, when markets were sent into freefall by the abrupt economic

FILE PHOTO: A sign marks the headquarters of Moderna Therapeutics, which is developing a vaccine against the coronavirus disease (COVID-19), in Cambridge, Massachusetts, U.S., May 18, 2020. REUTERS/Brian Snyder/File Photo CHICAGO (Reuters) – Moderna Inc (MRNA.O) on Thursday confirmed it plans to start a trial of 30,000 volunteers of its much-anticipated coronavirus vaccine in July

SHANGHAI (Reuters) – Zoom Video Communications (ZM.O) temporarily shut the account belonging to a group of U.S.-based Chinese activists after they held an event to commemorate the 31st anniversary of China’s Tiananmen Square crackdown, the activists said on Thursday. FILE PHOTO: A student takes classes online with his companions using the Zoom app at home

FILE PHOTO: ConocoPhillips CEO Ryan Lance attends Gastech, the world’s biggest expo for the gas industry, in Chiba, Japan, April 4, 2017. REUTERS/Toru Hanai (Reuters) – ConocoPhillips (COP.N) Chief Executive Officer Ryan Lance on Wednesday expressed surprise at the quick rebound in U.S. oil prices that slipped into the negative territory in April and said

(Reuters) – In the past, U.S. corporations have largely remained silent as protests erupted over killings of African-Americans by police officers. That changed with the May 25 death of George Floyd in Minneapolis, which has set off a flurry of corporate statements of solidarity with the black community – along with pledges of more than

BEIJING (Reuters) – China’s producer prices fell by the sharpest rate in more than four years, underscoring pressure on the manufacturing sector as the COVID-19 pandemic reduces trade flows and global demand. FILE PHOTO: An employee works on a production line manufacturing steel structures at a factory in Huzhou, Zhejiang province, China May 17, 2020.

NEW YORK (Reuters) – Oil prices rose on Tuesday, as optimism about recent commitments from major oil producers to curb production offset concerns about a resurgence in coronavirus cases. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. Picture taken February 11, 2019. REUTERS/Nick Oxford/File Photo Brent crude rose 38

FILE PHOTO: View of a closed Tiffany and Co boutique amid the coronavirus disease (COVID-19) outbreak in Singapore May 27, 2020. REUTERS/Edgar Su (Reuters) – U.S. luxury jeweler Tiffany & Co (TIF.N) said on Tuesday it had amended certain of its debt agreements in order to have sufficient liquidity to navigate the coronavirus outbreak as

SYDNEY/HONG KONG (Reuters) – Australia announced the biggest shakeup of its foreign investment laws in almost half a century on Friday, including giving the government the power to force the sale of a business if it creates a national security risk. An Australia Dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas

FILE PHOTO: A pedestrian walks on an empty street amid the coronavirus disease (COVID-19) outbreak, in Boston, Massachusetts, U.S., May 12, 2020. REUTERS/Brian Snyder/File Photo (Reuters) – The U.S. economy ended its longest expansion in history in February and entered recession as a result of the coronavirus pandemic, the private economics research group that acts

(Reuters) – Shares in Britain’s AstraZeneca (AZN.L) fell 2.1% in early trades on Monday after a report it had approached U.S. rival Gilead Sciences (GILD.O) about a possible merger to form one the world’s largest drug companies. If combined, the two companies would have a market capitalisation of about $232 billion, based on Friday’s closing

TOKYO (Reuters) – Japan’s economy shrank less than initially estimated in the first quarter, revised data showed on Monday, but the broad impact from the coronavirus crisis is still expected to send the country deeper into recession. FILE PHOTO: Japan’s economy has been seriously disrupted by the coronavirus outbreak and restrictions imposed to curb its