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Updated: 4 years 29 weeks ago
Dollar surges on quarter-end flows; outlook robust
The dollar climbed against a swathe of currencies on Tuesday amid fiscal year-end demand by Japanese firms while the Australian dollar slipped despite a Chinese survey showing manufacturing returned to growth in March.
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Microsoft clarifies Teams usage surged 775% in Italy
Microsoft Corp said it has seen a 775% jump in a month for Teams calling and meeting in Italy, withdrawing an earlier statement that the surge was for its cloud services in regions around the world that enforced social distancing to curb transmission of the coronavirus.
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Oil rises after 18-year lows prompt U.S.- Russia talks plan
Oil prices firmed on Tuesday after U.S. President Donald Trump and Russian counterpart Vladimir Putin agreed to talks aimed at stabilising energy markets, with benchmarks climbing off 18-year lows hit as the coronavirus outbreak cut fuel demand worldwide.
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Factbox: Airlines ground flights, count mounting costs of the coronavirus shock
Airlines across the globe are feeling the pain as travel demand withers because of the coronavirus outbreak, scrapping flights and ditching financial forecasts.
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Russia's Gazprom says Bovanenkovo airport partially reopens
Russia's Gazprom said on Tuesday that the Bovanenkovo airport, shut due to a coronavirus scare, has partially resumed operations to handle industrial cargoes and food, though there are no plans to rotate staff at the gas field.
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Deutsche Bank to sponsor Eintracht Frankfurt soccer team - sources
Deutsche Bank is set to ink a sponsorship deal with its local soccer team Eintracht Frankfurt, two people with knowledge of the matter said on Tuesday.
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Stocks end worst quarter since 2008 with small recovery
World stocks were set to close their worst quarter since 2008 on a brighter note, as Chinese factory data on Tuesday held out hope for an economic revival even as much of the rest of the world locked down to fight the coronavirus.
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Russia's Sistema-backed online retailer Ozon raises $50 million from U.S. fund
Russian online retailer Ozon, part-owned by the Sistema conglomerate, said on Tuesday it had raised $50 million from U.S. investment fund Princeville Capital through a convertible loan that can be turned into equity.
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IKEA starts producing protective gear for health care workers
IKEA, the world's biggest furniture brand, said on Tuesday it has started making protective gear such as aprons and facemasks for hospitals battling the spread of coronavirus, and aims to step up output further.
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Futures rise at end of dismal first quarter
U.S. stock index futures rose on Tuesday at the end of one of Wall Street's worst first quarters on record, as an unexpected expansion in Chinese factory activity raised hopes of a more stable economic recovery from the coronavirus pandemic.
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Gazprom says Bovanenkovo airport partially reopens
Russian gas producer Gazprom said on Tuesday that the Bovanenkovo airport, shut due to a coronavirus scare, has partially resumed operations to handle industrial cargoes and food, though there are no plans to rotate staff at the gas field.
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Ad giant WPP pulls dividend, buyback and outlook as clients cut spending
The world's biggest advertising company WPP has pulled its dividend and share buyback and withdrawn its 2020 guidance after the coronavirus pandemic sparked the most uncertain time in its 35-year history.
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Apple supplier Japan Display finalises deal to raise $200 million from 'customer'
Japan Display said on Tuesday it has finalised a deal to raise $200 million from "an overseas customer," which sources have said is Apple.
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Vivendi closes sale of 10% stake in Universal to Tencent consortium
Vivendi closed on Tuesday the sale of a 10% stake in Universal Music Group (UMG) - home to Taylor Swift and The Beatles - to a Tencent-led consortium, in a deal giving UMG an enterprise value of 30 billion euros ($33 billion).
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Ineos to build third hand sanitizer plant in France in 10 days
British chemical company Ineos said on Tuesday it will build a third hand sanitizer plant in France in 10 days to help with a European shortage.
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World stocks rally after Chinese data boost to close worst quarter since 2008
World stocks looked set to close their worst quarter since 2008 on a brighter note on Tuesday, as strong Chinese factory data held out hope for an economic revival even as much of the rest of the world shut down to fight the coronavirus.
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Yen declines on year-end U.S. dollar demand
The dollar rose against the yen on Tuesday amid fiscal year-end demand by Japanese companies and the Chinese yuan stood firm after a survey showed manufacturing returned to growth in March.
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Huawei posts 5.6% rise in 2019 profit, smallest increase in three years
China's Huawei Technologies reported its smallest annual profit increase in three years, hurt by weak overseas sales amid an intensifying U.S. campaign to restrict its global expansion due to security concerns.
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China sales seen picking up after coronavirus blow: Volkswagen
Volkswagen expects vehicle sales in China, the world's largest car market, to quadruple in March, it said, pointing to a recovery following the coronavirus pandemic.
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China factory activity unexpectedly expands, but economy cannot shake off virus shock
Factory activity in China unexpectedly expanded in March from a collapse the month before, but analysts caution that a durable near-term recovery is far from assured as the global coronavirus crisis knocks foreign demand and threatens a steep economic slump.
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