Asian shares poised to climb after Wall Street rallies

© Reuters. Passersby wearing protective face masks are reflected on a screen displaying stock prices outside a brokerage in Tokyo By Chris Prentice (Reuters) – Asian markets looked poised on Tuesday to attempt another day of gains after stocks rallied on signs of a slowdown in coronavirus-related deaths, as oil prices resumed their decline on […]

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Total among companies seeking force majeure on EDF contracts: sources

© Reuters. FILE PHOTO: Night view shows Electricite de France nuclear power plant near Fessenheim By Bate Felix PARIS (Reuters) – Energy major Total (PA:) is among several power suppliers that tried to declare force majeure on buying nuclear power from EDF, sources said, as the coronavirus outbreak has pushed prices in the French electricity […]

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Oil skids on oversupply fears, U.S. stock futures jump

© Reuters. By Swati Pandey SYDNEY (Reuters) – Oil prices skidded on Monday after Saudi-Russian output discussions showed no immediate signs of progress while U.S. stock futures jumped as investors were encouraged by a slowdown in coronavirus-related deaths and new cases. Sterling fell after British Prime Minister was admitted to hospital following persistent coronavirus symptoms […]

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China’s Luckin Coffee says business will continue amid financial fraud probe

© Reuters. FILE PHOTO: A cup of ‘Luckin Coffee,’ coffee is displayed during the company’s IPO at the Nasdaq Market site in New York BEIJING (Reuters) – Luckin Coffee Inc (O:) said on Sunday it will maintain normal operations at its stores and apologised to the public, days after it announced an internal investigation had […]

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Capital One says it won’t use CFTC waiver related to oil lending

© Reuters. FILE PHOTO: People walk past a Capital One banking center in New York’s financial district WASHINGTON (Reuters) – U.S. lender Capital One Financial Corp (N:) said on Saturday it would not use a U.S. Commodity Futures Trading Commission (CFTC) waiver after commodity price volatility lifted the bank’s derivatives exposure toward a key regulatory […]

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GM reduces loan refinancing target, may pay up for new debt

© Reuters. The GM logo is seen at the General Motors Assembly Plant in Ramos Arizpe By Michelle Sierra NEW YORK (LPC) – General Motors Co (NYSE:) will seek to extend maturities on US$ 6bn in revolving loans rather than refinance a US$ 16.5bn credit facility following discussions with its bank group during an unprecedented […]

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Futures dip ahead of payrolls, business activity data

© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) as the building prepares to close indefinitely due to the coronavirus disease (COVID-19) outbreak in New York By Uday Sampath Kumar (Reuters) – U.S. stock index futures retreated on Friday, with investors awaiting data on business activity and non-farm […]

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American Airlines slashes flights but has no plans to halt U.S. service

© Reuters. FILE PHOTO: American Airlines passenger planes crowd a runway where they are parked at Tulsa International Airport in Tulsa By David Shepardson WASHINGTON (Reuters) – American Airlines (NASDAQ:) Co said on Thursday it is cutting additional flights this summer as travel demand has drastically shrunk amid the coronavirus pandemic. Vasu Raja, American Airlines’ […]

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Boeing CEO sees lasting impact of coronavirus pandemic on aerospace industry: memo

© Reuters. The Boeing logo is displayed on a screen at the NYSE in New York (Reuters) – Boeing Co (N:) Chief Executive Dave Calhoun said on Thursday the coronavirus pandemic was going to have a lasting impact on the global aerospace industry, as he outlined steps for a voluntary layoff plan for employees. “It […]

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Elon Musk’s SpaceX bans Zoom over privacy concerns: memo

© Reuters. FILE PHOTO: The Zoom Video Communications logo is pictured at the NASDAQ MarketSite in New York By Munsif Vengattil and Joey Roulette (Reuters) – Elon Musk’s rocket company SpaceX has banned its employees from using video conferencing app Zoom, citing “significant privacy and security concerns,” according to a memo seen by Reuters, days […]

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