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Updated: 4 years 27 weeks ago
LVMH not considering buying Tiffany shares on the market
LVMH is not considering buying shares in Tiffany on the market, the French luxury goods group said on Thursday.
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Exclusive: Rosneft replaces sanctioned trading arm with new one - sources
Russia's Rosneft , which closed its oil trading arm after sanctions were imposed by U.S. authorities in February, has set up a new Geneva-based trading business, four trading sources familiar with the matter said.
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Asian stocks reach two-month high on economic recovery hopes
Asian shares rose to a two-month high on Thursday as expectations of further government stimulus supported investor confidence in an economic recovery from the global coronavirus pandemic.
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Oil refineries, offshore drillers face hurricane challenges amid pandemic
As oil and gas companies began shutting offshore production before the first tropical storm of the season in the U.S. Gulf of Mexico, experts said restarting wells and refineries will take longer and prove more costly this year because of COVID-19.
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U.S. finalizes order allowing 15 passenger air carriers to suspend service to 75 airports
The U.S. Transportation Department said late Wednesday it granted final approval to 15 airlines to temporarily halt service to 75 U.S. airports because of a lack of demand stemming from the coronavirus pandemic.
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HSBC, StanChart shares rise in Hong Kong after backing China security law
Hong Kong-listed shares of HSBC and Standard Chartered rose on Thursday after the banks backed China's imposition of a national security law on the city, even as a pro-democracy and newly formed financial workers' union criticized the move.
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U.S. new weekly jobless claims seen falling below 2 million
The number of Americans filing for unemployment benefits likely dropped below 2 million last week for the first time since mid-March, but remains astonishingly high as companies adjust to an environment that has been significantly changed by COVID-19.
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Amid pandemic, investors bet on India's Jio and its giant-killer playbook
From its Silicon Valley-like campus near Mumbai, Indian billionaire Mukesh Ambani's Jio telecom carrier is emerging as a winner from changes in the way Indian consumers plug into a digital economy made more urgent by the coronavirus pandemic.
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South Korea seeks arrest warrant for Samsung heir in merger probe
South Korean prosecutors have requested an arrest warrant against Samsung Group heir Jay Y. Lee and two former company executives, they said on Thursday, in an investigation of a controversial 2015 merger and alleged accounting fraud.
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South Korean prosecutors seek arrest warrant for Samsung heir
South Korean prosecutors said on Thursday they had requested an arrest warrant against Samsung Group heir Jay Y. Lee and two former company executives as part of an investigation into a controversial 2015 merger and alleged accounting fraud.
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Asian shares hit two-month high as economic optimism spreads
Asian shares rose to a two-month high on Thursday as government stimulus expectations supported investor confidence in an economic recovery from the global coronavirus pandemic.
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From wagyu beef to melons, Japan's $2.2 trillion virus rescue piques struggling firms
As the coronavirus jolts Japan, the government's huge stimulus package has come under fire from hard-hit restaurant owners for channelling funds for items like wagyu beef, melons and tourism rather than accelerating help for firms with burning cash needs.
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Oil prices fall on concerns supply to rise as producers wrangle on cuts
Oil prices fell on Thursday, reversing gains in the previous session, on concerns that supply will rise if major producers are unable to agree to extend the depth of output cuts that have supported recent gains.
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Snapchat removes Trump account from curated promotional section
Snap Inc said it would no longer promote U.S. President Donald Trump's account in Snapchat's Discover section, saying his incendiary comments last week made the account ineligible for the curated section where users explore new content.
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Amazon is sued over warehouses after New York worker brings coronavirus home, cousin dies
Amazon.com Inc has been sued for allegedly fostering the spread of the coronavirus by mandating unsafe working conditions, causing at least one employee to contract COVID-19, bring it home, and see her cousin die.
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Pilgrim's Pride CEO indicted over alleged U.S. chicken price-fixing
The chief executive of Pilgrim's Pride Corp, a major U.S. poultry company, was indicted along with three other current and former industry executives on charges of seeking to fix the price of chickens, the Justice Department said on Wednesday.
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U.S. HR executives see working from home as part of new normal: survey
More than three out of four U.S. human resource executives think more employees will continue to work from home even after the threat of the novel coronavirus subsides, according to a survey by a large business association released on Wednesday.
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U.S. prosecutor says UAW takeover remains option after ex-president pleads guilty
The United Auto Workers still needs to reform and a federal takeover remains an option, the U.S. prosecutor leading the investigation of corruption within the union told Reuters on Wednesday after the UAW's former president pleaded guilty to embezzlement.
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Early Facebook staffers denounce Zuckerberg stance on Trump posts
Nearly three dozen former employees from Facebook's early days on Wednesday blasted Chief Executive Mark Zuckerberg's decision not to act against incendiary posts by U.S. President Donald Trump as "cowardly" and a "betrayal" of company ideals.
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On Raul Castro's birthday, U.S. threatens Cuba remittances
The Trump administration expanded on Wednesday its list of Cuban entities that Americans are banned from doing business with to include the financial corporation that handles U.S. remittances to the Communist-run country.
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