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Updated: 4 years 27 weeks ago
U.S. dollar's shine fading, but risk high of rush to safe havens: Reuters poll
A fading of the U.S. dollar's allure will continue as global funding strains ease, but a majority of analysts polled by Reuters said there was a high risk that the U.S.-China trade standoff will renew safe-haven bets in the next six months.
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Senate passes bill lengthening coronavirus small-business loan terms
The U.S. Senate unanimously approved legislation on Wednesday giving small businesses up to 24 weeks to use Paycheck Protection Program loans created during the coronavirus pandemic, up from the current eight-week deadline.
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Asian stocks set to extend gains as stimulus fans recovery hopes
Stronger appetite for riskier assets is set to lift Asian equities on Thursday, as government stimulus expectations support investor confidence in an economic recovery from the coronavirus.
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Snap 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 inflammatory comments last week made the account ineligible for the curated section where users explore new content.
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U.S. Senate passes bill lengthening coronavirus small business loan terms
The U.S. Senate on Wednesday approved legislation giving small businesses up to 24 weeks to use Paycheck Protection Program loans created during the coronavirus pandemic, up from the current eight-week deadline.
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Wall Street closes sharply higher on signs of economic rebound
Wall Street rallied broadly on Wednesday with the Nasdaq approaching record highs as signs of an economic recovery from mandated shutdowns helped investors look beyond U.S. social unrest and pandemic worries.
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Warner Music strikes a chord as shares pop on Nasdaq debut
Warner Music Group Corp's stock popped 8% on its Nasdaq debut on Wednesday, after the world's third-largest recording label sold shares in its $1.9-billion initial public offering towards the higher end of its target.
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U.S. senators to announce sanctions bill on Russia's Nord Stream 2 gas pipeline
U.S. senators will announce a bill this week expanding sanctions on Russia's Nord Stream 2, a natural gas pipeline to Germany opposed by many in Washington who say it would tighten Moscow's political and economic grip on Europe, Senate aides said on Wednesday.
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Democratic-led U.S. House panel opposes any U.S. trade deal with Brazil
The U.S. House Ways and Means Committee said on Wednesday it opposed the Trump administration's plan to expand economic ties with Brazil given its record on human rights and the environment under President Jair Bolsonaro.
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Amazon leases 12 aircraft to bolster air cargo fleet
Amazon.com Inc said on Wednesday it leased 12 Boeing 767-300 converted cargo aircraft from Air Transport Services Group Inc , bringing its total fleet to more than 80, as it pushes for faster delivery to meet a surge in online orders.
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Uber signals recovery in rides as lockdown restrictions ease
Uber Technologies Inc said on Wednesday trip requests were gradually picking up, but still remained significantly below prior year levels, as several countries start to lift coronavirus-led restrictions.
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Shares, euro climb on robust risk appetite as lockdowns ease
Global equity markets rallied and the euro rose against the dollar on Wednesday, both for a seventh straight session, indicating strong risk appetite as easing lockdowns and hopes for more monetary stimulus boosted investor confidence.
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U.S. House panel says opposes any U.S. trade deal with Brazil
The U.S. House Ways and Means Committee said on Wednesday it opposed the Trump administration's plan to expand economic ties to Brazil under the leadership of President Jair Bolsonaro, given its record on human rights and the environment.
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Bacardi family member fights for reshuffle at spirits group
Monika Bacardi, a member of the family owning the maker of the eponymous rum, said her Liechtenstein-based trust was blocking her attempt to reshuffle the management team at the spirits group, uncovering a fight inside the family.
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U.S. labor market stabilizing as layoffs abate
U.S. private payrolls fell less than expected in May, suggesting layoffs were abating as businesses reopen, though the overall economy's recovery from the COVID-19 pandemic will be slow.
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Oil moves higher, hovers below $40 as doubts emerge over next step on OPEC cuts
Oil ended slightly higher on Wednesday but remained below the session's early highs above $40 a barrel, the highest since March, retreating as doubts emerged about the timing and scale of a potential extension to the pact between OPEC and its allies to cut crude supplies.
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Delta will extend social distancing through Sept. 30
Delta Air Lines Inc said on Wednesday it will extend social distancing measures on its flights through Sept. 30 and will block the selection of middle seats and cap seating in every cabin.
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U.S. indicts Pilgrim's Pride Corp CEO for alleged 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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Trump administration to bar Chinese passenger carriers from flying to U.S.
President Donald Trump's administration on Wednesday barred Chinese passenger carriers from flying to the United States starting on June 16 as it pressures Beijing to let U.S. air carriers resume flights amid simmering tensions between the world's two largest economies.
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Exclusive: Ex-Enron CEO Skilling launching new digital marketplace for oil investors - sources
Former Enron CEO Jeffrey Skilling, released last year after a 14-year prison term stemming from the energy firm's collapse, is raising funds to launch a digital marketplace catering to professional oil and gas investors, according to four people familiar with the matter.
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