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Oil prices were dragged sharply lower on Friday by weak U.S. fuel demand, fears of a second wave of coronavirus cases in South Korea and a worsening in U.S.-China relations, but were still on track for a hefty monthly gain.

Denmark's state prosecutor has dropped its investigation into whether accounting firm EY breached anti-money laundering laws in connection with its audit of Danske Bank , the Danish Business Authority said on Friday.

U.S. stock futures dropped on Friday as investors braced for President Donald Trump's response to China's national security legislation for Hong Kong, threatening to take the shine off another month of strong gains for Wall Street.

EU antitrust chief Margrethe Vestager denied on Friday that she was putting hurdles in the way of Lufthansa's $10 billion government rescue, saying companies getting big capital injections from the state have to offset their competitive advantage.

The Berlin government is likely to reach a deal with Brussels on a $10 billion government bailout of stricken airline Lufthansa , senior government official Thomas Jarzombek said on Friday, but stressed the German airline needed fair treatment.

Berlin is in intensive talks with the European Commission over a planned bailout for flagship German carrier Lufthansa , a government spokesman said on Friday.

When Yahaira Caraballo opened her nail salon in the Bronx, New York nearly seven years ago, it was a bare-bones shop with two nail technicians.

Ukraine expects the International Monetary Fund (IMF) to approve a $5 billion (4.05 billion pounds) loan package at a board meeting on June 5 and the first tranche of $1.9 billion to be disbursed the following day, Prime Minister Denys Shmygal told Reuters on Friday.

China's Didi Chuxing said on Friday it had completed a fundraising round of over $500 million for its autonomous driving subsidiary that was led by SoftBank Group's Vision Fund 2.

EU antitrust chief Margrethe Vestager on Friday denied that she is placing additional hurdles in the way of Lufthansa's $10 billion government rescue, which has been held up by her demand for the stricken airline to give up airport slots.

The Japanese government has guaranteed almost a third of the 7l3 billion yen ($6.65 billion) in loans Nissan Motor Co has secured from its main lenders to weather the COVID-19 pandemic, according to three people with knowledge of the plans.

China's foreign ministry said on Friday that Canada is an accomplice to the U.S. government's efforts to bring down Chinese tech giant Huawei and said Canada should immediate release Huawei executive Meng Wanzhou.

A Canadian court ruling that could permit the extradition of a senior Huawei Technologies Co Ltd [HWT.UL] executive to the United States leaves Canada vulnerable to further retaliation from Beijing, analysts said.

Global stock markets fell and safe havens such as bonds and the Japanese yen gained on Friday, as investors awaited Washington's response to China tightening control over the city of Hong Kong.

Rosneft does not have enough crude to ship to buyers with which it has long-term supply deals, making it hard for the Russian company to continue with record oil cuts beyond June, four sources familiar with the matter told Reuters on Thursday.

Renault said on Friday it was launching talks with unions to restructure several French car plants, potentially leading to closures, as it confirmed plans to cut around 15,000 jobs worldwide.

The administrator of Virgin Australia Holdings expects to shortlist two preferred bidders early next week after parties on Friday confirmed non-binding indicative proposals to acquire the airline.

Volkswagen AG (VW) said on Friday it has agreed to invest 2.1 billion euros ($2.33 billion) in two separate Chinese electric vehicle players, upping its bet on the world's biggest auto market as international rivals seek to muscle in.

Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the fallout of the COVID-19 epidemic, according to a report from a business group.

Oil prices edged lower on Friday, set to post their first weekly fall in five weeks, after U.S. inventory data showed lacklustre fuel demand in the world's largest oil consumer while worsening U.S.-China tensions weighed on global financial markets.