US Business

Lucky Brand files for bankruptcy as latest retail casualty of coronavirus

05h40 Apparel company Lucky Brand Dungarees is filing for Chapter 11 bankruptcy, it said on Friday, becoming the latest retailer to fall victim to the coronavirus pandemic.. . .  Full story

Mass testing at JBS, BRF plants in Center West Brazil town reveals more than 1,000 COVID-19 cases

03/07 Mass testing revealed an outbreak of novel coronavirus infections at plants operated by JBS SA and BRF SA in Brazil's Center West, the labor prosecutor's office in Mato Grosso do Sul state said on Friday,. . .  Full story

Unions at Codelco´s Chuquicamata mine approve new measures to combat coronavirus

03/07 Chile´s state-run Codelco said on Friday unions at its Chuquicamata mine division had voted to implement a seven-day on, seven-day off shift schedule at the sprawling copper deposit in a bid to reduce worker. . .  Full story

Italy to introduce subsidies to combustion engine cars to help industry - lawmakers

03/07 The Italian Parliament gave the green light on Friday to a package of incentives to encourage sales of state-of-the-art combustion engine cars as well as electric and hybrid vehicles, two lawmakers told Reuters.. . .  Full story

Air France and HOP! airlines to cut 7,580 jobs

03/07 Air France plans to cut just over 7,500 jobs following the coronavirus-related collapse in air travel, the flag carrier said on Friday.. . .  Full story

Masmovil buyers secure first leveraged loan since COVID-19 crisis

03/07 The private equity consortium behind the mooted acquisition of Spanish telecoms firm Masmovil has secured a 2 billion euro ($2.3 billion) loan towards that deal, helping revive a leveraged loan market that has taken a. . .  Full story

Canada's biggest banks join boycott of Facebook platforms

03/07 Canada's biggest lenders confirmed on Friday they had joined a widespread boycott of Facebook Inc begun by U.S. civil rights groups seeking to pressure the world's largest social media platform to take concrete steps to. . .  Full story

Clean technology projects line up bids for $1 bln EU support

03/07 Clean technology projects are readying bids for a billion-euro support package from the European Union under a flagship scheme for funding breakthrough low-carbon technologies.. . .  Full story

Traffic at India's major ports falls 20% in June qtr due to lockdowns

03/07 Major ports in India, which handle more than half of the country's seaborne trade, had a nearly 20% fall in traffic during the quarter ended June, the Indian Ports Association (IPA) said, as coronavirus. . .  Full story

Fiat, PSA stick to merger deal after dividend cut report

03/07 Fiat Chrysler (FCA) and PSA said on Friday they were sticking to the merger plan signed last year after a newspaper said the carmakers were looking at spinning off assets to cut a planned. . .  Full story

Major Qiagen shareholder demands higher bid from Thermo Fisher - source

03/07 The coronavirus pandemic has boosted Qiagen's prospects and a takeover by Thermo Fisher no longer makes sense unless the offer is increased substantially, one of the German genetic test maker's top ten shareholders told Reuters. . .  Full story

Moscow Exchange to start U.S. blue chip trading on Aug 17

03/07 The Moscow Exchange will launch trading of the 20 most liquid shares from the U.S. S&P 500 index on Aug. 17, the bourse's spokesman said on Friday.. . .  Full story

TSX dips as surging virus cases dim recovery hopes

03/07 Canada's main stock index retreated on Friday as a record surge in COVID-19 cases in the United States raised fears of another round of lockdowns, overshadowing early signs of an economic rebound from the. . .  Full story

State Dept warns top U.S. firms over supply chain risks linked to China's Xinjiang

03/07 The U.S. State Department has warned top American companies including Walmart Inc, Apple Inc and Amazon.com Inc over risks faced from maintaining supply chains associated with human rights abuses in China's western Xinjiang region, according. . .  Full story

Money market funds see largest redemptions since Dec 2019-BofA

03/07 Money market funds saw their largest redemptions since December 2019 in the week to Wednesday, BofA said in a report on Friday, while $7.1 billion was pulled out of equity funds.. . .  Full story

-Boeing communications chief resigns over decades-old article on women in combat

03/07 Boeing Co's communications chief Niel Golightly abruptly resigned on Thursday, following an employee's complaint over an article the former U.S. military pilot wrote 33 years ago arguing women should not serve in combat.. . .  Full story

Estonia claims share of any U.S. fines in money laundering scandal

03/07 Estonia said on Friday that it wanted to receive a share of any fines imposed by the United States if banks are found guilty of money laundering in the Baltic nation in ongoing inquiries.. . .  Full story

Global banks seeking details of U.S. sanction threat against China individuals for Hong Kong law

03/07 International banks were seeking details on Friday of the scope of U.S. legislation that would penalize them for doing business with Chinese officials who implement Beijing's sweeping new national security law on Hong Kong.. . .  Full story

Copper's bull run at risk as China enters slow summer season

03/07 A stunning V-shaped recovery in the price of copper is looking stretched as top consumer China enters its summer construction slowdown and fears of supply disruptions from the coronavirus have been mostly priced into the. . .  Full story

LG Chem to produce Tesla batteries in S.Korea this year as demand grows - source

03/07 South Korea's LG Chem Ltd plans to start producing batteries for Tesla Inc vehicles at a domestic factory this year after the U.S. electric carmaker raised orders to cope with demand, a person familiar with. . .  Full story

Australian shares mark best week in a month as data drives rebound hopes

03/07 Australian shares closed higher on Friday, boosted by healthcare stocks, and notched their biggest weekly gain in nearly a month as strong U.S. jobs data and a record surge in domestic retail sales raised. . .  Full story

Intel to invest $255 mln in Reliance's digital unit Jio Platforms

03/07 Intel Corp's investment arm will pay some $255 million for a small stake in Reliance Industries Ltd's digital unit Jio Platforms, the latest in a slew of share sales that have helped the Indian conglomerate. . .  Full story

U.S. reports 55,000 COVID-19 cases in single day, hits new global record

03/07 The United States reported more than 55,000 new COVID-19 cases on Thursday, a new daily global record for the coronavirus pandemic, as infections rose in a majority of states.. . .  Full story

Tesla denies reports of firing employees who chose to stay at home

03/07 Tesla Inc on Thursday denied media reports and said it had not fired employees who chose to stay at home during the coronavirus pandemic over safety concerns at the carmaker's California factory.. . .  Full story

U.S. welcomes independent probe of report that cleared African Development Bank chief

03/07 U.S. Treasury Secretary Steven Mnuchin on Thursday welcomed the African Development Bank's decision to appoint former Irish President Mary Robinson to lead an independent probe of a report that cleared the bank's chief of wrongdoing.. . .  Full story

Central American coffee farmers face big challenge as market shrinks -ICO chief

03/07 The International Coffee Organization (ICO) acknowledged on Thursday Central American farmers' "immense challenges" as coronavirus batters the global market and said it could help push the private sector to more sustainable practices, despite criticism of. . .  Full story

U.S. seeks to seize gasoline in 4 Iran tankers bound for Venezuela

03/07 U.S. prosecutors filed a lawsuit to seize the gasoline aboard four tankers that Iran is trying to ship to Venezuela, the latest attempt by the Trump administration to increase economic pressure on the two. . .  Full story

Portugal seals final deal with TAP's private shareholders

03/07 Portugal's government announced on Thursday it sealed a final deal with private shareholders of ailing flag carrier TAP to take a controlling stake in the airline while avoiding nationalisation.. . .  Full story

US STOCKS-Wall Street closes higher after biggest payrolls jump on record

03/07 Wall Street closed higher and the Nasdaq reached an all-time closing high on Thursday as investors headed into their long holiday weekend buoyed by a record surge in payrolls, which provided assurance that the. . .  Full story

Boeing communications chief resigns over decades-old article on women in combat

02/07 Boeing Co's communications chief Niel Golightly abruptly resigned on Thursday, following an employee's complaint over an article the former U.S. military pilot wrote 33 years ago arguing women should not serve in combat.. . .  Full story

U.S. welcomes independent probe of African Development Bank's ethics committee

02/07 U.S. Treasury Secretary Steven Mnuchin on Thursday welcomed a decision by the governors of the African Development Bank to launch an independent probe of the bank's ethics committee that will be headed by former Irish. . .  Full story

Fed balance sheet shrinks further, and still no Main Street loans

02/07 The U.S. Federal Reserve's massive stash of bonds and other assets slipped for a third straight week to its smallest size since mid-May, data released by the central bank on Thursday showed.. . .  Full story

Coronavirus on the rise in 37 U.S. states, Florida reports 10,000 new cases

02/07 More than three dozen U.S. states were seeing a rise in COVID-19 cases, according to a Reuters analysis on Thursday, the latest grim sign that the coronavirus pandemic, once thought to be waning, was. . .  Full story

Gap in U.S. Black and white unemployment rates is widest in 5 years

02/07 The United States saw the widest gap in unemployment rates for African Americans and whites in five years in June, underscoring an uneven nascent recovery from historic job losses triggered by the coronavirus pandemic.. . .  Full story

JetBlue Airways could furlough support center staff -memo

02/07 JetBlue Airways Corp could furlough some support center staff, according to an internal memo seen by Reuters on Thursday, as air travel demand remains weak.. . .  Full story

Wall Street closes higher after biggest payrolls jump on record

02/07 Wall Street closed higher and the Nasdaq reached an all-time closing high on Thursday as investors headed into their long holiday weekend buoyed by a record surge in payrolls, which provided assurance that the. . .  Full story

U.S. stock funds shed $4.6 billion in week -Lipper

02/07 The final days of the best quarter for the benchmark S&P 500 since 1998 were not enough to keep investors from pulling $4.6 billion out of U.S.-based stock funds in the week that ended. . .  Full story

Bill targeting banks over China's Hong Kong law passes U.S. Senate

02/07 The U.S. Senate unanimously approved legislation on Thursday to penalize banks doing business with Chinese officials who implement Beijing's draconian new national security law on Hong Kong, sending it to the White House for President. . .  Full story

Fed's Powell met with Turkey's central bank chief in May as lira fell

02/07 U.S. Federal Reserve Chair Jerome Powell spoke in May with Turkey's central bank chief, records released by the U.S. central bank on Thursday showed, as fallout from the coronavirus pandemic was putting enormous pressure. . .  Full story

U.S. natgas futures gain as cooling demand reduces injection

02/07 U.S. natural gas futures rose on Thursday after a federal report showed a smaller-than-expected storage build last week amid greater demand for cooling as the weather turned hotter in the United States.. . .  Full story

U.S. job growth roars back, but COVID-19 resurgence threatens recovery

02/07 The U.S. economy created jobs at a record clip in June as more restaurants and bars reopened, but 31.5 million Americans were collecting unemployment checks in the middle of the month, and a resurgence. . .  Full story

Shares in Aeromexico bounce bank after sharp losses

02/07 Shares in Aeromexico rose by up to 26% on Thursday after nosediving a day earlier in response to the Mexican airline's announcement it had started bankruptcy proceedings as the coronavirus pandemic battered business.. . .  Full story

Yields backpedal after rising on strong June jobs data

02/07 U.S. Treasury yields, which rose on Thursday after better-than-expected June jobs data, slipped later in the session ahead of a long holiday weekend, which could bring more troubling news in the battle against the coronavirus. . .  Full story

Corn slides from 3-1/2 month peak on shortcovering, rain forecasts

02/07 Chicago corn futures trimmed from a near 3-1/2 month high on Thursday, following strong gains after the U.S. government reported farmers had planted fewer than expect corn acres.. . .  Full story

Trump touts 'historic' jobs report as rival Biden accuses him of premature celebration

02/07 U.S. President Donald Trump on Thursday touted a government report showing the country gained a record 4.8 million jobs in June, drawing a blistering response from his Democratic rival, Joe Biden, that he was. . .  Full story

U.S. oil & gas rig count hits record low for 9th week -Baker Hughes

02/07 U.S. energy firms cut the number of oil and natural gas rigs operating to a record low for a ninth week in a row although the reductions have slowed as higher oil prices prompt. . .  Full story

Amid strong June job growth, signs U.S. recovery may be stumbling

02/07 The U.S. economic recovery, after two months of faster-than-expected job gains, may be stumbling as a surge of new coronavirus infections prompts states to delay and in some cases reverse plans to let stores. . .  Full story

China tech giant Alibaba dismisses livestreaming head, citing nepotism, gifts -document

02/07 Chinese e-commerce giant Alibaba Group Holding Ltd has fired Zhao Yan, the head of its fast-growing livestreaming division, on grounds of nepotism and accepting gifts, according to an internal memo announcing his termination, seen by. . .  Full story

BofA's U.S. staff to start returning to offices after labor day - Bloomberg News

02/07 Bank of America Corp will start bringing back its employees to offices in phases after Labor Day, Sept. 7, Bloomberg News reported https://bloom.bg/3dU8liD on Thursday, citing a memo from the bank.. . .  Full story

SoftBank-backed Lemonade soars 73% in U.S. market debut

02/07 Shares of SoftBank-backed insurance startup Lemonade Inc surged 73% in their market debut, capitalizing on the rebound in U.S. investor demand for new listings following the coronavirus outbreak.. . .  Full story

US EPA puts 2021 biofuel blending mandate proposal on hold indefinitely -sources

02/07 The U.S. Environmental Protection Agency has put on hold indefinitely a proposal for the amount of biofuels refiners must blend into their fuel next year, two sources familiar with the matter said.. . .  Full story

Near-record oil stockpiles at U.S. Gulf Coast pressure prices of domestic grades

02/07 Near-record crude stockpiles at the U.S. Gulf Coast will anchor prices of domestic oil grades through the end of this year and into next, traders and analysts said.. . .  Full story

EU court rules against BlackRock tax break claim

02/07 BlackRock is not exempt from paying value added tax (VAT) on part of a service from an outside supplier to help manage its funds, a European Union court ruled on Thursday, dashing the fund. . .  Full story

EQT explores sale of waste management company Synagro - Bloomberg News

02/07 -- Source link: https://bloom.bg/2VC789h. . .  Full story

Swiss pharma Helsinn, MEI scrap blood cancer therapy trial

02/07 Privately owned Swiss company Helsinn and U.S.-based MEI Pharma Inc said on Thursday they would discontinue a late-stage study testing a combination therapy in patients with a type of blood and bone marrow cancer.. . .  Full story

Top 20 vehicles sold in the United States in Q2 2020

02/07 The following are the 20 top-selling vehicles in the United States in Q2 2020, as reported by automakers and ranked by total units. Top 20 selling vehicles in the United States in Q2. . .  Full story

EU should end imports made with banned pesticides - farm chief

02/07 The European Union should stop importing agricultural goods made using pesticides that are banned within the bloc, the EU's top farming official said on Thursday.. . .  Full story

TSX gains on energy boost, record U.S. jobs growth

02/07 Canada's main stock index inched higher on Thursday, helped by gains in energy stocks on higher oil prices, while a jump in monthly exports and a record pace of U.S. jobs growth also bolstered. . .  Full story

U.S. factory orders rebound in May

02/07 New orders for U.S.-made goods rebounded in May, suggesting a turnaround in manufacturing, though business spending will likely contract again in the second quarter amid cheaper crude oil as the COVID-19 pandemic depressed global growth.. . .  Full story

U.S. seeks Warhol, Monet paintings linked to 1MDB scandal

02/07 The U.S. Department of Justice on Wednesday said it was looking to recover another $96 million in assets in real estate and artwork allegedly linked to the 1Malaysia Development Berhad (1MDB) international money-laundering conspiracy.. . .  Full story

Coty changes CEO again, hires former L'Oreal executive to revive sales

02/07 Coty Inc on Thursday named former L'Oreal executive Sue Nabi as chief executive officer, the cosmetics maker's fifth since its multi-billon dollar deal with Procter & Gamble nearly five years ago.. . .  Full story

Tesla's 'jaw-dropping' second-quarter deliveries send shares surging

02/07 Tesla Inc outpaced analyst estimates for second-quarter vehicle deliveries on Thursday, defying a trend of plummeting sales in the wider auto industry as coronavirus-linked lockdown orders kept shoppers at home, and sending its shares up. . .  Full story

U.S. Treasury agrees on loan terms with American, four other airlines

02/07 The U.S. Treasury said on Thursday it has agreed on terms for government loans with five U.S. carriers, including American Airlines Group Inc.. . .  Full story

Chile´s Codelco warns more restrictions on copper mines would be 'catastrophic' - report

02/07 Chile´s state-run Codelco, the world´s top copper producer, warned on Thursday any move to ramp up restrictions on its mines amid the coronavirus outbreak would be "catastrophic" for the country, the company´s chief executive said. . .  Full story

Who's to blame for Wirecard? Germany passes the buck

02/07 Germany's accountancy watchdog has denied blame for failing to spot problems at collapsed payments firm Wirecard, the latest in a string of agencies to shirk responsibility following the country's biggest accounting scandal.. . .  Full story

U.S. refiners slashed gasoline output in response to lockdown: Kemp

02/07 Faced with an unprecedented collapse in gasoline consumption during the most intense period of lockdown, U.S. refiners responded by slashing crude intake and curbing conversion processes used to boost gasoline yields.. . .  Full story

U.S. trade deficit widens as exports fall to lowest level since 2009

02/07 The U.S. trade deficit widened in May as the COVID-19 pandemic pushed exports to their lowest level since 2009, strengthening expectations the economy will contract in the second quarter at its steepest pace since the. . .  Full story

- U.S. TREASURY

02/07 . . .  Full story

Hangzhou first major Chinese city to curb property deals after spike

02/07 Hangzhou, China's answer to Silicon valley, imposed new restrictions on property transactions on Thursday, after cheap credit and a relaxation of residency permits fed a demand surge.. . .  Full story

Delta's global growth drive stalled by Latin American bankruptcies

02/07 Delta Air Lines had a strategy for years: expand worldwide by buying stakes in airlines and partner with them while avoiding the cost and red tape of full acquisitions.. . .  Full story

Loan servicing company doValue to handle Bain Capital Credit's Greek NPL portfolio

02/07 Loan servicing company doValue said on Thursday it will handle a $1.8 billion bad loan portfolio that Bain Capital Credit bought from National Bank of Greece last month.. . .  Full story

Wall St Week Ahead-Clouds may be parting for dividend investors

02/07 U.S. companies are cutting their dividends less than investors anticipated, providing a potential boost to a stock market rally that has clashed with concerns over a recent surge in coronavirus infections.. . .  Full story

China's blue-chip index closes at 2-1/2-year high on stimulus

02/07 China stocks rallied on Thursday, with the blue-chip index closing at its highest in two-and-a-half years, boosted by Beijing's decision to spend more to prop up the economy.. . .  Full story

Guatemala to leave International Coffee Organization, sources say

02/07 Guatemala has begun the process of leaving the International Coffee Organization (ICO), spurred by concern over falling prices of the commodity, a government official and an industry representative said on Wednesday.. . .  Full story

Honduran coffee exports fall nearly 30% in June

02/07 Honduran coffee exports dropped 29.6% in June from a year earlier after farmers cut production because of drought and low global prices, national coffee institute IHCAFE said on Wednesday.. . .  Full story

Energy Transfer digs in on N.Dakota pipeline expansion despite oil slump -sources

02/07 U.S. pipeline company Energy Transfer has taken the rare step of invoking force majeure - normally used in times of war or natural disaster - to prevent oil firms from walking away from a. . .  Full story

Mexican president to hold first meeting with Trump, Democrats unimpressed

02/07 Mexico's president and his U.S. counterpart Donald Trump will hold their first meeting on July 8 in Washington, officials said on Wednesday, sparking complaints from Democratic lawmakers, who saw it as a political stunt with. . .  Full story

JetBlue, pilots union reach deal to avoid involuntary furloughs until May 2021 - memo

02/07 JetBlue Airways Corp and a labor union representing pilots, the Air Line Pilots Association (ALPA), have reached an agreement to avoid involuntary furloughs until May 1, 2021, according to a memo sent to pilots. . .  Full story

U.S. Commerce official resigns, viewed as moderating voice on China export issues

02/07 A senior U.S. Commerce Department official involved in export policy has resigned, a spokesman said on Wednesday, marking the departure of a moderating voice in the Trump administration about export restrictions on Huawei and other. . .  Full story

PG&E emerges from Chapter 11 bankruptcy

02/07 Utility PG&E Corp said on Wednesday it had emerged from bankruptcy, marking an end to a long-drawn restructuring process which began after its equipment sparked some of the deadliest wildfires in California.. . .  Full story

U.S. to take stake in troubled trucking company YRC Worldwide

01/07 YRC Worldwide Inc said on Wednesday it would give the U.S. government a 29.6% stake in the trucking company in exchange for a $700 million loan, tapping into a $17 billion bailout fund originally. . .  Full story

U.S. House passes to put sanctions on Chinese banks over Hong Kong

01/07 The U.S. House of Representatives passed legislation on Wednesday that would impose penalties on banks doing business with Chinese officials who implement a national security law cracking down on Hong Kong.. . .  Full story

U.S. warns firms of human rights abuse risks in China's Xinjiang province

01/07 The United States on Wednesday issued an advisory warning U.S. companies about the risks faced from maintaining supply chains associated with human rights abuses in China's western Xinjiang province.. . .  Full story

New North American trade deal launches under cloud of disputes, coronavirus

01/07 A modernized U.S.-Mexico-Canada trade pact took effect on Wednesday, ensuring continuity for manufacturers and agriculture, but the threat of disputes is exposing cracks in what was meant to be a stronger North American fortress of competitiveness.. . .  Full story

S&P, Nasdaq close higher on vaccine hopes, improving data

01/07 The S&P 500 and Nasdaq indexes closed higher on Wednesday to kick off the third quarter as increasing optimism for a safe and effective COVID-19 vaccine eased concerns that another round of business lockdowns. . .  Full story

Mexican president to hold first meeting with Trump on July 8

01/07 Mexican President Andres Manuel Lopez Obrador will hold bilateral talks with U.S. counterpart Donald Trump on July 8 in Washington, where he will underline his commitment to trade and investment, Mexico's foreign minister said on. . .  Full story

Fed mulls promises for the future, appears to discount yield curve control

01/07 The Federal Reserve edged towards a longer-range plan for monetary policy at its meeting last month, raising serious questions about a strategy known as yield curve control that is untested in the United States,. . .  Full story

Costa Rican coffee exports rise 5.6% year-on-year in June

01/07 Costa Rican coffee exports rose 5.6% in June, according to national coffee institute ICAFE data released on Wednesday, reversing course after a substantial dip the month before.. . .  Full story

Corn continues to climb on U.S. acreage data, weather worries

01/07 U.S. corn futures extended a rally on Wednesday to their highest in more than three months after a steeper-than-expected reduction to the U.S. government's 2020 corn acreage estimate, analysts said.. . .  Full story

Yields climb on strong manufacturing data, Fed minutes

01/07 U.S. Treasury yields on the long end of the curve shot higher on Wednesday after data showed manufacturing activity rebounded in June and minutes from the Federal Reserve's last meeting indicated yield curve control. . .  Full story

Investors are waking up to a possible Biden victory in U.S. presidential election

01/07 Investors are increasingly preparing for market volatility ahead of the U.S. presidential election, with some shifting stock positions and selling the dollar, as Democratic contender Joe Biden maintains a lead against President Donald Trump in. . .  Full story

Trump: Getting 'more and more happy' with Fed Chair Powell during pandemic

01/07 President Donald Trump on Wednesday indicated he was warming to Federal Reserve Chairman Jerome Powell, whom he has harshly criticized for not cutting lending rates below zero, telling Fox Business Network he appreciated the central. . .  Full story

Biden says new China national security law a 'death blow,' weighs sanctions

01/07 Democrat Joe Biden on Wednesday threatened new economic sanctions on China if he is elected U.S. president, calling its new security law imposed on Hong Kong a "death blow" to the territory's freedom.. . .  Full story

Fed revisits idea of pledging to keep interest rates low

01/07 Federal Reserve policymakers are looking at reviving a Great Recession-era promise to keep interest rates low until certain conditions are met, in a bid to deliver a more rapid recovery from the recession triggered. . .  Full story

Aeromexico to cut flights in short term due to Chapter 11 process -CEO

01/07 Mexican airline Aeromexico will offer fewer flights and have fewer planes in the short term following the start of a Chapter 11 restructuring process, the firm's chief executive Andres Conesa said on Wednesday.. . .  Full story

U.S. natgas breaks 3-day win streak as virus cases resurge

01/07 U.S. natural gas futures on Wednesday snapped a three-session gaining streak as concerns about another lockdown due to surging coronavirus infections clouded demand outlook. The August gas futures contract. . .  Full story

Macy's posts nearly $4 billion in losses, doesn't expect another shutdown

01/07 Macy's Inc reported a staggering $3.58 billion quarterly loss on Wednesday as coronavirus-related store shutdowns resulted in a $3 billion impairment charge.. . .  Full story

Uber extends mask requirement for drivers, riders, launches new campaign

01/07 Uber Technologies Inc on Wednesday extended indefinitely a requirement for drivers and riders on its platform to wear a face covering or mask and launched a new campaign video to educate users about the. . .  Full story

Hedge fund celebrity John Paulson shuts firm to become a family office

01/07 Hedge fund manager John Paulson, whose multi-billion payoff on a bet against the overheated housing market a decade ago turned him into an industry superstar, will stop managing money for outside clients and turn. . .  Full story

U.S. lawmaker seeks to ban Chinese firms from U.S. capital markets

01/07 A top senator is preparing a bill to ban Chinese companies from U.S. capital markets if they engage in spying, human rights abuse or support China's military, threatening a financial blow as tensions mount. . .  Full story

BHP´s Cerro Colorado copper mine in Chile to scale down operations

01/07 Global miner BHP said on Wednesday it would begin to ramp down activity at its small Cerro Colorado copper mine in Chile amid the coronavirus pandemic which has thrown metals markets into disarray.. . .  Full story

Shale drillers squeezed as banks tighten credit after oil crash

01/07 Months into one of the worst oil price crashes in history, lenders have tightened the screws on shale producers by wiping away 20% of the credit that has helped fuel the industry's boom.. . .  Full story

Beijing asks some U.S. media to submit information about their China operations

01/07 China's foreign ministry said on Wednesday that the Chinese government has asked some U.S. media outlets present in the country to submit information about their China operations.. . .  Full story

Fed's Daly sees 4-5 year recovery in best-case scenario

01/07 San Francisco Federal Reserve Bank President Mary Daly on Wednesday painted a grim picture of the U.S. economic outlook, saying that even under her best-case scenario unemployment will still top 10% at year's end. . .  Full story

DHL temporarily suspends Chinese import shipments to India

01/07 German logistics company DHL said on Wednesday it had temporarily suspended picking up import shipments from China to India, after border tensions between the countries led to clearance delays.. . .  Full story

Amgen patents on top-selling arthritis drug Enbrel upheld, shares rise

01/07 A U.S. appeals court on Wednesday upheld two patents for Amgen Inc's multibillion-dollar rheumatoid arthritis drug Enbrel in a defeat for Novartis AG , which has been trying to sell its own version.. . .  Full story