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Wall Street gains on easing U.S.-China tensions, jobs report
U.S. stocks jumped at the open on Friday as an easing in U.S.-China friction added to optimism from data showing the U.S. economy lost fewer jobs in April than feared due to the coronavirus crisis.
Categories: Reuters
Take Five: Trade War II
China's exports rebound has been quickly overshadowed by dire predictions of Trade War II between the world's two biggest economies.
Categories: Reuters
Turkey charges seven people over Ghosn escape: lawyer
Turkish prosecutors have prepared an indictment charging seven people, including four pilots, over former Nissan boss Carlos Ghosn's escape via Istanbul to Lebanon after fleeing Japan, a lawyer for one of the suspects said on Friday.
Categories: Reuters
Lufthansa to start flying 80 more aircraft in June to meet travel demand
German flagship carrier Lufthansa on Friday said it would start flying 80 more of its aircraft again in June, including to serve tourism destinations after the company grounded much of its vast fleet due to the coronavirus pandemic.
Categories: Reuters
Futures climb as U.S.-China tensions ease
U.S. stock index futures jumped about 1% on Friday as signs of an easing in U.S.-China friction boosted sentiment ahead of a closely watched jobs report that is likely to show the steepest plunge in payrolls since the Great Depression.
Categories: Reuters
U.S. Post Office board meets as COVID takes its toll and funding dries up
The U.S. Postal Service's Board of Governors meets on Friday at a critical juncture as it faces accusations from the White House that it charges package shippers such as Amazon.com too little and as the new coronavirus cuts its revenue by about $13 billion.
Categories: Reuters
Stocks boosted to weekly highs as risk appetite improves; U.S. jobs data looms
Global shares rallied on Friday, hitting weekly highs, on signs of improving Sino-American relations and the prospect of more governments gradually reopening their economies.
Categories: Reuters
Tesla aims to restart Fremont plant as soon as Friday: Bloomberg News
Tesla Inc plans to reopen its sole U.S. car plant in Fremont, California as soon as Friday, Bloomberg reported on Friday, citing an email from the company to its staff.
Categories: Reuters
Green hydrogen's time has come, say advocates eying post-pandemic world
Hydrogen has long been touted as a clean alternative to fossil fuels. Now, as major economies prepare green investments to kickstart growth, advocates spy a golden chance to drag the niche energy into the mainstream of a post-pandemic world.
Categories: Reuters
Futures climb as Sino-U.S. tensions ease
U.S. stock index futures rose on Friday as signs of improving relations between the United States and China boosted sentiment ahead of a key jobs report that is likely to show a historic surge in unemployment due to coronavirus-induced lockdowns.
Categories: Reuters
Siemens surges as cuts costs and presses on with energy IPO
Siemens stock surged on Friday after the German engineering company said it was speeding up cost savings to tackle the coronavirus downturn and the flotation of its energy business remained on track.
Categories: Reuters
Explainer: Why Friday's U.S. jobless figures won't capture the true state of the coronavirus economy
The U.S. economy is expected to have shed 22 million jobs in April, tripling the nationwide unemployment rate to 16%, when new government data is published Friday morning.
Categories: Reuters
Rupert Murdoch gives up bonus after News Corp post $1 billion loss
News Corp Executive Chairman Rupert Murdoch is forgoing his cash bonus for the year after the media company posted a $1 billion quarterly loss due to a write-down in the value of its Australian pay TV unit and the impact of the COVID-19 pandemic on its businesses.
Categories: Reuters
Germany's BaFin investigating Wirecard communication ahead of audit publication
Germany's financial market watchdog BaFin is investigating Wirecard's communication with investors directly ahead of the publication of a critical audit by KPMG, a spokeswoman for the regulator said on Friday.
Categories: Reuters
Investors exit stocks at fastest rate since March, 'tech fatigue' sets in: BOFA
Investors pulled $16.2 billion from stocks in the past week in the largest weekly redemption since the March stock market slump, according to the Bank of America's weekly flows data.
Categories: Reuters
Tesla aims to restart Fremont plant as soon as Friday: Bloomberg
Tesla Inc plans to reopen its sole U.S. car plant in Fremont, California as soon as Friday, Bloomberg reported https://www.bloomberg.com/news/articles/2020-05-08/tesla-aims-to-restart-fremont-plant-as-soon-as-friday-musk-says?sref=y3YMCJ4e on Friday, citing an email from the company to its staff.
Categories: Reuters
Sony to make, donate face shields to Japan hospitals
Sony Corp said on Friday it will manufacture and donate medical face shields to hospitals in Japan, amid worries about the availability of protective equipment for healthcare workers dealing with the coronavirus pandemic.
Categories: Reuters
Stocks boosted by U.S.-China talks ahead of key U.S. jobs data
Global shares rallied on Friday as investors cheered signs of improving Sino-American relations and looked towards more governments gradually reopening their economies.
Categories: Reuters
Indonesia's Garuda to seek restructuring of $500-mln Islamic bonds
National flag carrier Garuda Indonesia will seek to restructure $500 million of Islamic bonds due to mature next month, the deputy of the state-owned enterprises ministry said on Friday.
Categories: Reuters
Top U.S., China trade officials agree to strengthen cooperation
Top U.S. and Chinese trade representatives discussed their Phase 1 trade deal on Friday with China saying they agreed to improve the atmosphere for its implementation and the United States saying both sides expected obligations to be met.
Categories: Reuters
