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New North American trade pact to take effect July 1: USTR
U.S. Trade Representative Robert Lighthizer on Friday said he has notified Congress that the new U.S.-Mexico-Canada trade agreement will take effect on July 1, a month later than initially proposed.
Categories: Reuters
Tech titans Apple and Microsoft propel Wall Street rally
Wall Street rallied on Friday, led higher by Apple and Microsoft as investors finished a turbulent week of trading and some states prepared to relax coronavirus-related lockdowns.
Categories: Reuters
Unions denounce Las Vegas mayor's call to re-open casinos
The powerful United Auto Workers union on Friday criticized Las Vegas Mayor Carolyn Goodman's call to re-open casinos despite the continued risk of coronavirus, the latest labor organization to weigh in on her remarks.
Categories: Reuters
Brazil JBS workers catch COVID-19 in latest meat plant outbreak
A JBS SA poultry plant in southern Brazil was hit by an outbreak of COVID-19, according to labor prosecutors, marking the first large-scale infection at a Brazilian meat plant.
Categories: Reuters
Stocks struggle with muddled government pandemic responses
Global equity benchmarks struggled on Friday as some U.S. states began reopening businesses despite the disapproval of health experts, and as the European Union put off addressing details of its new economic rescue plan.
Categories: Reuters
U.S. deficit could quadruple to $3.7 trillion in coronavirus crisis: CBO
A nationwide business shutdown and surge in U.S. government spending will nearly quadruple the federal deficit to a record $3.7 trillion this fiscal year as the country combats the coronavirus pandemic, congressional forecasters said on Friday.
Categories: Reuters
Oil rises, but ends wild week lower as coronavirus slashes fuel demand
Oil prices rose on Friday, bringing an end to another week of losses that featured the U.S. contract plunging to minus $40 a barrel, as global production cuts could not keep pace with the collapse in demand caused by the coronavirus pandemic.
Categories: Reuters
Icahn sees opportunities but warns of more 'downdrafts' ahead: Bloomberg
Billionaire investor Carl Icahn said he expects to see "good opportunities" to buy after the historic stock market sell-off but warned there will likely be more heavy selling because the coronavirus outbreak has yet to be contained.
Categories: Reuters
CBO sees $3.7 trillion U.S. deficit from coronavirus pandemic
A nationwide business shutdown and a surge in U.S. government spending will nearly quadruple the federal deficit to a record $3.7 trillion this fiscal year, as a gyrating American economy reacts to the coronavirus pandemic, congressional forecasters said on Friday.
Categories: Reuters
As U.S. coronavirus death toll tops 50,000, a handful of states edge toward reopening
With the U.S. coronavirus death toll topping 50,000, Georgia, Oklahoma and a handful of other states took the first tentative steps at reopening for business on Friday, despite the disapproval of President Donald Trump and health experts.
Categories: Reuters
Explainer: Oil ETPs - the perils of trading crude like a stock
A historic plunge in oil prices in the wake of the COVID-19 pandemic has highlighted the risks of oil-focused exchange-traded products (ETPs).
Categories: Reuters
Number of workers who contracted COVID-19 at JBS plant in Brazil is 12: source
Some 12 workers at a Brazilian chicken plant operated by JBS SA have contracted COVID-19, a source close to the company told Reuters on Friday on condition of anonymity.
Categories: Reuters
French court backs workers in Amazon row over virus measures
A French court on Friday rejected Amazon's appeal against a ruling that restricts what it can deliver during the coronavirus crisis, handing a victory to unions that had criticised the U.S. e-commerce giant's safety measures.
Categories: Reuters
U.S. CDC reports 865,585 coronavirus cases, 48,816 deaths
The U.S. Centers for Disease Control and Prevention (CDC) on Friday reported 865,585 cases of the novel coronavirus, an increase of 37,144 from its previous count, and said the number of deaths had risen by 2,437 to 48,816.
Categories: Reuters
As U.S. coronavirus death toll tops 50,000, handful of states edge toward reopening
With the U.S. coronavirus death toll topping 50,000, Georgia, Oklahoma and a handful of other states took the first tentative steps at reopening for business on Friday, despite the disapproval of President Donald Trump and health experts.
Categories: Reuters
Spanish court orders Ryanair to reinstate 224 dismissed workers
Spain's High Court ordered Ryanair on Friday to reinstate 224 workers collectively dismissed from four bases in the country, saying the reasons given by the airline for seeking to close the bases did not justify such a move.
Categories: Reuters
Virus-hit Madame Tussauds owner raises 500 million euros in bond sale
The firm behind Madame Tussauds and Legoland parks raised 500 million euros ($540 million) via a five-year bond on Friday, paying a high yield of 7% to secure the funds it needs to tide it over while most of its venues are closed in the coronavirus pandemic.
Categories: Reuters
KLM to receive up to 4 billion euros in financial aid: finance minister
KLM, the Dutch subsidiary of Air France KLM , will receive 2-4 billion euros (up to $4.32 billion) in emergency aid to help it through the COVID-19 crisis, Dutch Finance Minister Wopke Hoekstra said on Friday.
Categories: Reuters
Cash is king as U.S. quarterly reporting season gains steam
With the U.S. quarterly earnings season picking up steam this week, investors have caught a glimpse of how companies are weathering the coronavirus outbreak, including the strength of their balance sheets.
Categories: Reuters
Lufthansa seeking 290 million euro loan for Belgian airline: media
German airline Lufthansa is seeking a loan of 290 million euros ($313.08 million) loan from the Belgian government to avoid the bankruptcy of its Belgian subsidiary Brussels Airlines, Belgian broadcaster LN24 said on Friday.
Categories: Reuters