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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.
Categories: Reuters
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.
Categories: Reuters
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.
Categories: Reuters
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.
Categories: Reuters
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.
Categories: Reuters
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.
Categories: Reuters
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.
Categories: Reuters
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.
Categories: Reuters
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.
Categories: Reuters
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.
Categories: Reuters
Virus-hit U.S. state revenue could start slow recovery in third quarter: analysts
U.S. state tax revenue, which plunged due to the economic fallout from the coronavirus pandemic, could start to slowly recover this summer as long as the outbreak does not undergo a resurgence, analysts said.
Categories: Reuters
Apple must face U.S. shareholder lawsuit over CEO's iPhone, China comments
A federal judge said Apple Inc must face part of a lawsuit claiming it fraudulently concealed falling demand for iPhones, especially in China, leading to tens of billions of dollars in shareholder losses.
Categories: Reuters
Wall Street surges on signs of economic rebound
Wall Street jumped in a broad rally on Wednesday, closing ground on all-time highs as signs of recovery from mandated economic shutdowns helped investors look beyond ongoing social unrest and pandemic woes.
Categories: Reuters
New U.S. restrictions on 33 Chinese firms and institutions take effect June 5
The U.S Commerce Department said on Wednesday that new restrictions on 33 Chinese firms and institutions it announced last month will take effect Friday.
Categories: Reuters
Oil hovers below $40 as doubts emerge over next step on OPEC cuts
Oil pulled back slightly on Wednesday after briefly jumping 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.
Categories: Reuters
Citigroup chief compliance officer Mark Carawan retires
Citigroup Inc said on Wednesday its chief compliance officer Mark Carawan is retiring after eight years at the firm, effective June 8.
Categories: Reuters
Walmart removes firearms, ammunition from floor display as protests rage in U.S.
Walmart Inc said on Wednesday it shifted firearms and ammunition out of sales floors of some U.S. stores amid nationwide protests over the death of an unarmed black man at the hands of police last week.
Categories: Reuters
Gilead's remdesivir could see $7 billion in annual sales on stockpiling boost: analyst
Gilead Sciences Inc's potential COVID-19 treatment, remdesivir, could bring in more than $7 billion in annual sales by 2022, spurred by governments stockpiling the drug to guard against future outbreaks, SVB Leerink said on Wednesday.
Categories: Reuters
Heads of U.S. automakers, other Michigan companies condemn racism, injustice
Top executives of the Detroit Three automakers and other major Michigan employers on Wednesday condemned racism and injustice in the United States following the death last week of an unarmed black man at the hands of Minneapolis police, carefully joining a charged national debate.
Categories: Reuters
Wall Street rises on Boeing, economic recovery hopes
A jump in Boeing shares led Wall Street higher on Wednesday, with investors hopeful of a rebound from a coronavirus-led economic slump amid continuing social unrest in the country.
Categories: Reuters