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Updated: 4 years 29 weeks ago
Oil falls as China omits 2020 growth target amid pandemic
Oil prices fell on Friday after China failed to set an economic growth target for 2020, sparking concerns that the fallout from the coronavirus pandemic will cap fuel demand in the world's second-largest oil user.
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Australia's Wesfarmers to shut or rebrand over 100 Target stores in virus slump
Australian retail giant Wesfarmers Ltd said it will close or rebrand nearly two-thirds of its Target department stores and take one-off charges totalling up to A$650 million ($426 million) as it reels from the coronavirus fallout.
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Oil drops after China abandons target for 2020 GDP amid coronavirus outbreak
Oil prices slumped on Friday after China's decision to omit an economic growth target for 2020 renewed concerns that the fallout from the coronavirus pandemic will continue to depress fuel demand in the world's second-largest oil user.
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GM gradually restarts in Mexico as Lear Corp readies for return
General Motors Co said on Thursday it was gradually restarting the transmission and motor lines at its Mexican facilities in Silao and Ramos Arizpe, while U.S. auto parts maker Lear Corp also geared up for production.
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Hong Kong leads Asian shares lower as Beijing readies new security law
Hong Kong shares tumbled on Friday after Beijing moved to impose a new security law on the city after last year's pro-democracy unrest, risking fresh protests and further straining fast-deteriorating U.S.-China ties.
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Judgment on key aspect of Huawei CFO's extradition trial in Canada due next Wednesday
A decision on a key legal aspect of the trial over whether Huawei Technologies Chief Financial Officer Meng Wanzhou can be extradited to the United States from Canada will be announced next Wednesday, the British Columbia Supreme Court said on Thursday.
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U.S. secures 300 million doses of potential AstraZeneca COVID-19 vaccine
The United States has secured almost a third of the first 1 billion doses planned for AstraZeneca's experimental COVID-19 vaccine by pledging up to $1.2 billion, as world powers scramble for medicines to get their economies back to work.
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Facebook's Zuckerberg embraces remote work beyond Silicon Valley
Facebook Inc will permanently embrace remote work even after coronavirus lockdowns ease, Chief Executive Mark Zuckerberg said on Thursday, accelerating the tech sector's geographic diversification away from its home in Silicon Valley.
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Proxy adviser ISS recommends vote 'against' executive pay at Alphabet
Institutional Shareholder Services (ISS) has recommended shareholders of Google-parent Alphabet Inc to vote "against" the company's proposed executive pay at its annual meet in June, according to a report seen by Reuters on Thursday.
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Oil prices, gasoline demand climb as countries ease coronavirus curbs
Oil prices were on the rise on Friday, heading for a fourth straight week of gains, amid more evidence that fuel demand is recovering as countries ease business and social restrictions that were imposed to counter the coronavirus pandemic.
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GM kicks off restart in Mexico as Lear Corp readies for return
General Motors Co said on Thursday it was gradually restarting the transmission and motor lines at its Mexican facilities in Silao and Ramos Arizpe, while U.S. auto parts maker Lear Corp also geared up for production.
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SoftBank Group's sale of 5% telco unit stake to raise $2.9 billion
SoftBank Group Corp said on Friday its planned sale of 5% in its domestic telco SoftBank Corp would fetch 310.2 billion yen ($2.9 billion), as part of a programme to raise $41 billion through asset sales.
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Nvidia forecasts sales above estimates, powered by data center results
Nvidia Corp on Thursday forecast second-quarter revenue above analysts' estimates, as demand surges for its chips used in the data centers that power the shift to working remotely because of the new coronavirus outbreak.
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Asia shares set to fall as Sino-U.S. strains hit confidence
Asian shares were set for another retreat on Friday as U.S.-China tensions curbed investor risk appetite and caused global equity markets to stumble.
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Wall Street finishes down as U.S.-China tensions heighten trade deal worries
Wall Street ended lower on Thursday, a day after hitting two-month highs, on a fresh wave of China-U.S. tensions that raised doubts about the trade deal reached early this year between the world's two largest economies.
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GM starts to reopen plants in Mexico
General Motors Co said that it was on Thursday gradually restarting the transmissions and motors lines at its Mexican plants in Ramos Arizpe in the northern state of Coahuila and in the central city of Silao.
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Hewlett Packard Enterprise lays out $1 billion savings plan, pay cuts
Hewlett Packard Enterprise on Thursday unveiled a plan targeting gross savings of at least $1 billion by 2022 and cut the base salaries of top executives by 25% as the software maker seeks to weather the coronavirus crisis.
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Lear Corp asks some Mexico workers to restart activity on Friday
U.S. auto parts maker Lear Corp has asked some workers in Mexico to restart activity on Friday, including training sessions on safety, the company said in a message to employees.
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GM restarting Silao, Mexico eight-speed transmission line
General Motors Co on Thursday was restarting the eight-speed transmission line at its plant in Silao in Mexico's Guanajuato state, according to a company message sent to workers.
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Senators attempt to advance bill lengthening coronavirus business loan terms
Negotiators in the U.S. Senate reached agreement on Thursday on legislation that would double the period of time in which small businesses can use Paycheck Protection Program loans, to 16 weeks from the current eight-week limit, according to a Senate aide.
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