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Updated: 4 years 27 weeks ago
EU seeks feedback on new antitrust power to investigate companies
EU regulators are seeking feedback about a possible new power to investigate businesses and demand changes even when no competition rules have been broken, in a move aimed at stopping companies from abusing their dominance.
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Relief rally or bear market bubble? For investors, it's hard to tell
What started as a bear market bounce in U.S. equities has transformed into one of the most dramatic rallies in memory, leaving investors looking to past rebounds, options markets and technical analysis for clues on how far it could run.
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Wall St. inches higher at open on recovery optimism
U.S. stocks opened higher on Tuesday as optimism around reopening businesses overshadowed fears of more disruptions from protests in the country over the death of a black man while in police custody.
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Volkswagen to install Porsche's CEO as VW brand chief: Auto Motor and Sport
Volkswagen Chief Executive (CEO) Herbert Diess will promote Porsche CEO Oliver Blume to become head of the VW brand as part of a broader management reshuffle, Auto Motor und Sport said on Tuesday citing company sources.
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Bank of America pledges $1 bln to address racial, economic inequality
Bank of America Corp on Tuesday pledged $1 billion to help communities across the country address economic and racial inequality, the first big bank to vow monetary support following violent protests after the death of an unarmed black man at the hands of police in Minneapolis.
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China buys U.S. soybeans after halt to U.S. purchases ordered: sources
State-owned Chinese firms bought at least three cargoes of U.S. soybeans on Monday, even as sources in China said the government had told them to halt purchases after Washington said it would eliminate special treatment for Hong Kong to punish Beijing.
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Exclusive: U.S. small business program handed out virus aid to many borrowers twice
A technical snafu in a U.S. government system caused many small businesses to receive loans twice or more under a federal aid program to help businesses hurt by the COVID-19 pandemic, nearly a dozen people with knowledge of the matter said.
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Wall St. set for higher open on prospects of economic recovery
Wall Street's main indexes were set to hit fresh three-month highs on Tuesday as optimism over reopening businesses overshadowed fears of more disruptions from protests in the country over the death of a black man while in police custody.
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Amid pandemic, crypto crime surges in first 5 months: CipherTrace
Crypto intelligence company CipherTrace, which started tracking cryptocurrency crime a few years ago, said it has started to see coronavirus-related frauds that require some form of digital currency payment.
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Global shares cruise to three-month highs, dollar shows the strain
World stocks climbed to three-month highs on Tuesday as the global coronavirus recovery effort won out over U.S.-China tensions and the worst civil unrest in the United States in decades.
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How grab-and-go food chains are adjusting to coronavirus reality
Restaurants devoted mainly to quick bites and drinks are reconfiguring their businesses to limit traffic in tight quarters and maintain coronavirus social distancing.
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Stock futures hit three-month high on prospects of economic recovery
U.S. stock index futures hit a three-month high on Tuesday as hopes of a rebound from a coronavirus-led economic slump prevailed over fears of disruption from widespread protests over race in the country.
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Exclusive: Winning bidder for Grindr has ties to Chinese owner
An investor group that got U.S. approval to buy Grindr Inc has financial and personal links to the dating app's current owner, China's Beijing Kunlun Tech Co Ltd , Reuters has found, in a possible departure from Washington’s national security policy on deals.
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George Floyd protests recall earlier tensions, promises of economic change
In November 2015, the shooting death of Jamar Clark by Minneapolis police touched off a debate on race and economic inequality that challenged the city's progressive image and led local corporate leaders to back efforts at better sharing the spoils of a booming Midwestern state.
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EU to rule on AMS's 4.6 billion euro bid for Osram by July 6
EU antitrust regulators will decide by July 6 whether to clear Austrian sensor maker AMS's 4.6 billion euro ($5.14 billion) bid for German lighting group Osram after a preliminary review, a European Commission filing showed on Monday.
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Qatar Petroleum's $19 billion LNG vessel order boon for South Korean shipbuilders
South Korea's ailing shipbuilders have been thrown a lifeline in an increasingly tough market with a $19 billion order from Qatar Petroleum (QP) for liquefied natural gas (LNG) ships, analysts said on Tuesday.
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China auto sales growth seen for second straight month, boosting recovery hopes
China's vehicle sales are estimated to rise 11.7% on year in May, its top auto industry body said on Tuesday, cementing hopes of a recovery in the world's biggest auto market with the first back to back monthly sales increase in about two years.
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Shares cruise to three-month highs, dollar shows the strain
World stocks climbed towards three-month highs on Tuesday as the global coronavirus recovery effort won out over U.S.-China tensions and the worst civil unrest in the United States in decades.
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Oil prices rise before OPEC+ meeting about extending output cuts
Oil prices rose on Tuesday on expectations that major producers would agree to extend output cuts that have shored up prices, during a video conference likely to be held this week.
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