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Updated: 4 years 29 weeks ago
Greensill drops libel suit against Reuters over bond story
Greensill Capital said it has dropped a libel suit against Reuters over a story which said that the financing group had provided a false statement to market participants in 2018.
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Britain's easyJet to axe up to 30% of its workforce
British low cost airline easyJet said it planned to cut up to 30% of its staff, or 4,500 jobs, and shrink its fleet, to fit the smaller market it expects to emerge from the collapse in air travel due to COVID-19.
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Renault loan still not signed, site closures must be last resort: Le Maire
French Finance Minister Bruno Le Maire on Thursday said that the government had yet to sign off on a planned 5 billion euro ($5.5 billion) loan for Renault , and that the carmaker's site closures and job cuts could only ever be a last resort.
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Tencent raises $6 billion in largest Asian corporate debt deal this year
Chinese social media and gaming giant Tencent Holdings Ltd said on Thursday it raised $6 billion in a U.S. dollar bond sale - the largest debt deal by an Asian corporate in 2020.
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U.S. business to Trump: Go slowly on Hong Kong response
Business groups are urging U.S. President Donald Trump to go slowly in responding to Beijing's planned imposition of new national security laws on Hong Kong, warning revoking the city's special U.S. privileges will hurt the territory and its people.
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Boeing cutting more than 12,000 U.S. jobs, thousands more planned
Boeing Co said on Wednesday it was eliminating more than 12,000 U.S. jobs, including 6,770 involuntary layoffs, as the largest American planemaker restructures in the face of the coronavirus pandemic.
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Oil drops as surprise U.S. stock build douses demand recovery hopes
Oil prices slid for a second consecutive session on Thursday as U.S. industry data showed a steep and surprising build-up in crude stockpiles, dampening hopes of a smooth demand recovery as the world begins to ease its way out of coronavirus lockdowns.
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U.S. stocks to end year around current levels as virus takes toll: Reuters poll
U.S. stocks will end this year around current levels as the coronavirus pandemic cripples the economy and eats into earnings, according to strategists polled by Reuters.
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New wave of U.S. layoffs feared as coronavirus pain deepens
Job cuts by U.S. state and local governments whose budgets have been crushed fighting the COVID-19 pandemic and more second-wave layoffs in the private sector likely contributed last week to a 10th straight week of more than 2 million Americans seeking unemployment benefits.
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Asian stocks gain on economic hopes, but Hong Kong risk clouds outlook
Asian shares and U.S. stock futures rose on Thursday as growing optimism about a global economic recovery from the coronavirus pandemic trumped immediate concerns about a standoff between the United States and China over Hong Kong.
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Germany's Bosch to begin restarting operations in Mexico
German automotive supplier Bosch on Monday said it has received government approval in Mexico to restart operations, which had been suspended since late March due to measures taken to curb the spread of the novel coronavirus.
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Facebook's Zuckerberg says government censoring social media not the 'right reflex'
Facebook Inc's Chief Executive Officer Mark Zuckerberg, commenting on U.S. President Donald Trump's threats against social media companies, said on Wednesday censoring a platform would not be the "right reflex" for a government worried about censorship.
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Factbox: Where do Trump and Biden stand on tech policy issues?
U.S. President Donald Trump on Wednesday threatened to regulate or shut down social media companies, a day after Twitter Inc for the first time added a fact-checking label to some of his tweets about mail-in ballots.
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Micron raises third-quarter revenue forecast
Micron Technology Inc raised its revenue forecast for the third quarter on Wednesday to a range of $5.2 billion to $5.4 billion from $4.6 billion to $5.2 billion, sending its shares about 3% higher.
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Billionaire Icahn exits Hertz with 'significant' loss after bankruptcy filing
Billionaire investor Carl Icahn, who was the largest shareholder in Hertz Global Holdings Inc, unloaded his entire stake in the rental car company at a "significant loss" days after it filed for bankruptcy protection.
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Asian stocks gain on economic hopes, Hong Kong remains a risk
Asian shares and U.S. stock futures rose on Thursday as growing optimism about economic recovery from the coronavirus pandemic trumped immediate concerns about a standoff between the United States and China over Hong Kong.
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Oil drops on worse than feared rise in U.S. fuel stocks
Oil prices fell in early trade on Thursday after U.S. crude, gasoline and heating oil inventories all rose more than expected, dousing hopes of a smooth recovery in demand from coronavirus lockdowns.
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Nissan to set out survival plan after expected annual loss
Nissan Motor Co will unveil its plan to become a smaller, more cost-efficient automaker on Thursday as it looks to recover from four years of tumbling profits which are set to culminate in its first annual operating loss in 11 years.
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Asian shares set to sag on U.S.-China woes
Asian shares are likely to dip on Thursday after remarks by U.S. Secretary of State Mike Pompeo that Hong Kong no longer warranted special treatment under U.S. law reignited worries about worsening relations with Beijing.
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Nissan Motor to close Barcelona plant: El Pais
Japan's Nissan Motor Co will close its factory in Barcelona, resulting in the loss of about 2,800 jobs, Spanish newspaper El Pais reported, citing government and union sources.
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