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French Finance Minister: Renault loan not signed yet, but should be soon
French Finance Minister Bruno Le Maire said on Tuesday the government had not yet signed off on a planned 5 billion euro ($5.6 billion) loan for carmaker Renault , though he hoped the loan would be agreed soon.
Categories: Reuters
Plunging cost of wind and solar marks turning point in energy transition: IRENA
Plunging costs of renewables mark a turning point in a global transition to low-carbon energy, with new solar or wind farms increasingly cheaper to build than running existing coal plants, according to a report published on Tuesday.
Categories: Reuters
Natgas flows to U.S. LNG export plants sink to 9-month low due to coronavirus
The amount of natural gas flowing on pipelines to U.S. liquefied natural gas export plants is at its lowest levels since August, a signal of weak worldwide demand due to government lockdowns to repress the coronavirus.
Categories: Reuters
Volkswagen closes $2.6 billion investment in self-driving startup Argo AI
German automaker Volkswagen AG has closed its $2.6 billion investment in Argo AI, the Pittsburgh-based self-driving startup disclosed in a blog post on Tuesday.
Categories: Reuters
Asia stocks make cautious gains as China worries slow recovery rally
Asian stocks eked out gains on Tuesday as investors' focus on the prospects of a global coronavirus recovery won out over familiar worries about Sino-U.S. relations and the depth of economic damage.
Categories: Reuters
Oil prices inch up ahead of OPEC+ meeting on extended output cuts
Oil prices crawled higher on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a meeting expected later this week.
Categories: Reuters
Facebook staffers walk out saying Trump's posts should be reined in
Facebook employees walked away from their work-from-home desks on Monday and took to Twitter to accuse Chief Executive Mark Zuckerberg of inadequately policing U.S. President Donald Trump's posts as strictly as the rival platform has done.
Categories: Reuters
Ryanair must face U.S. shareholder lawsuit over unionization comments
Ryanair Holdings Plc and Chief Executive Michael O'Leary failed to persuade a U.S. judge to dismiss a securities fraud lawsuit accusing Europe's largest budget airline of defrauding them by downplaying its willingness to recognize labor unions.
Categories: Reuters
SoftBank Vision Fund head's pay doubled last year despite massive losses
(This May 29 story corrects Mizuho borrowing to 912 million, not 1.39 trillion yen, in paragraph 6 and borrowing from the three big Japanese banks to almost 2 trillion yen, not 2.45 trillion yen, in paragraph 7 after SoftBank issues corrected filing)
Categories: Reuters
Workers return to Mexico's border factories as auto sector reopens
Tens of thousands of workers lined up before dawn to return to work at automotive factories along Mexico's northern border on Monday, the first day that industries joined the country's list of essential activities beginning to reopen.
Categories: Reuters
Oil prices hold ground ahead of OPEC+ meeting on extended output cuts
Oil prices rose in early trade on Tuesday, with traders waiting to see whether major crude producers agree to extend their huge output cuts to shore up prices at a meeting expected later this week.
Categories: Reuters
U.S. court refuses to shield Volkswagen in diesel scandal lawsuits
A U.S. appeals court ruled on Monday that Volkswagen AG cannot escape potential financial penalties from two counties in Florida and Utah that may amount to a "staggering" additional liability arising from the German automaker's diesel emissions scandal.
Categories: Reuters
Stocks under pressure as Trump vows to end violent protests
Asian stocks were set to come under pressure on Tuesday following a dip in Wall Street futures as U.S. President Donald Trump vowed to use force to end violent protests in American cities, souring a previously upbeat market mood.
Categories: Reuters
Boeing takes Embraer to arbitration over failed aviation deal
Boeing Co has taken former partner Embraer SA to arbitration over a failed $4.2 billion deal, the Brazilian planemaker said in a securities filing on Monday night.
Categories: Reuters
Facebook, Snapchat join chorus of companies condemning George Floyd death, racism
Facebook Inc and Snapchat developer Snap Inc became the latest U.S. companies condemning racial inequality in the United States as violent protests flared up across major cities over the death of George Floyd, an unarmed black man who died while in police custody in Minneapolis last week.
Categories: Reuters
Wall Street closes higher as recovery signs soothe protest, pandemic worries
U.S. stocks posted gains on Monday as signs of U.S. economic recovery helped offset jitters over increasingly violent social unrest amid an ongoing pandemic and rising U.S.-China tensions.
Categories: Reuters
Visa sees recovery in U.S. payments volume in May
Visa Inc's total U.S. payments volume fell at a much slower pace in May from the previous month, indicating that consumer spending was picking up as the government starts to ease coronavirus-induced lockdowns.
Categories: Reuters
Facebook's Zuckerberg faces employee backlash over Trump protest comments
Facebook employees accusing Chief Executive Mark Zuckerberg of inadequately policing U.S. President Donald Trump's posts took to Twitter to praise the rival social media platform for acting and rebuke their own employer.
Categories: Reuters
U.S. companies issue shares at fastest rate ever, selling the rally
U.S. public companies sold more than $60 billion in shares in May, the biggest monthly haul ever, as they capitalized on a stock market rally fueled by hopes that the COVID-19 pandemic is subsiding.
Categories: Reuters
World equities edge higher despite U.S.-China tensions
World stock markets hovered near three-month highs and safe-haven government bonds inched lower as risk appetite grew on signs that the global economic downturn has bottomed, despite worries over violent protests in the United States and unease over Washington's standoff with Beijing.
Categories: Reuters
