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Updated: 2 hours 35 min ago

Vans, not glamorous, but key as EU weighs autos mega-merger

Thu, 06/18/2020 - 10:02
Their silhouettes don't stir dreams of adventure like a sports car or trendy SUV, but vans are a rare source of profit for European carmakers, which is why EU regulators are focused on them as they decide whether to back an industry mega-merger.
Categories: Business News

Brazil cenbank expects private sector asset purchase rules soon - director

Thu, 06/18/2020 - 10:00
Brazil's central bank expects regulations governing the potential purchase of private sector securities to be released soon, and any such buying will be to ensure smooth market functioning, central bank director Bruno Serra said on Thursday.
Categories: Business News

UPDATE 1-Colgate reviewing Chinese toothpaste brand Darlie amid debate on racial inequality

Thu, 06/18/2020 - 09:45
Colgate-Palmolive on Thursday said it was working to review and evolve its Chinese toothpaste brand, Darlie, the latest in a string of brand reassessments amid a U.S. debate on racial inequality.
Categories: Business News

DC superheroes coming to your headphones as Spotify signs podcast deal

Thu, 06/18/2020 - 09:39
Podcasts featuring Batman, Wonder Woman and Superman will soon stream on Spotify as the Swedish music streaming company has signed a deal with AT&T Inc's Warner Bros and DC Entertainment.
Categories: Business News

CANADA STOCKS-TSX opens lower as coronavirus cases rise

Thu, 06/18/2020 - 09:37
Canada's main stock index opened lower on Thursday, with fear over a rise in the number of coronavirus cases souring sentiment even as U.S. weekly jobless claims indicated signs of an economic recovery.
Categories: Business News

Government to double support for hard-coal plant retrofits-sources

Thu, 06/18/2020 - 09:37
Germany is planning to more than double incentives to retrofit hardcoal-fired power plants, coalition sources told Reuters on Thursday, as part of the country's effort to cut pollution.
Categories: Business News

UPDATE 4-Europe threatens digital taxes without global deal, after U.S. quits talks

Thu, 06/18/2020 - 09:36
* Europeans say big digital firms don't pay enough tax (Adds comment by OECD and Italy)
Categories: Business News

US STOCKS SNAPSHOT-Wall Street opens lower on rising virus cases, elevated jobless claims

Thu, 06/18/2020 - 09:36
U.S. stocks fell at the open on Thursday as an uptick in COVID-19 infections in the United States threatened to upend bets of a swift economic recovery, with data showing weekly jobless claims remained elevated amid a second wave of layoffs.
Categories: Business News

Germany wants to rescue talks with U.S. on digital services tax

Thu, 06/18/2020 - 09:32
Germany wants to rescue talks with the United States on how to tax big digital firms such as Google, Amazon and Facebook, the finance ministry said on Thursday after Washington pulled out of the negotiations.
Categories: Business News

UPDATE 2-Chanel warns virus impact will linger on luxury sector

Thu, 06/18/2020 - 09:27
* Rebound in sales can't make up for lack of tourism (Adds comments on dividend, online sales)
Categories: Business News

TREASURIES-Yields fall as coronavirus spread dents risk appetite

Thu, 06/18/2020 - 09:25
U.S. Treasury yields fell on Thursday after cases of the novel coronavirus rose in several U.S. states, raising concerns that the economy may not bounce back as quickly as hoped. Several U.S. states reported a surge in new coronavirus infections on Wednesday and the daily count of infections also hit a new benchmark in California and Texas. Around 400 workers also tested positive for the virus at an abattoir in northern Germany, whi
Categories: Business News

Baltic index sees best day ever as capesize vessel rates surge

Thu, 06/18/2020 - 09:18
The Baltic Exchange's main sea freight index marked its largest single-day percentage rise on Thursday, as capesize vessel segment rates jumped 50% on strong iron ore demand.
Categories: Business News

UPDATE 2-UK ditches COVID-19 app model to use Google-Apple system, BBC says

Thu, 06/18/2020 - 09:16
The British government will switch to Apple and Google technology for its test-and-trace app, ditching its current system in a U-turn for the troubled programme, the BBC reported on Thursday.
Categories: Business News

China's Shandong Gold to buy Ghana-focused Cardinal Resources for $221 mln

Thu, 06/18/2020 - 09:11
Shandong Gold Mining Co , one of China's biggest gold producers, said on Thursday it would buy Ghana-focused miner Cardinal Resources Ltd for around A$321 million ($221 million) in cash.
Categories: Business News

Colgate reviewing Chinese toothpaste brand Darlie amid debate on racial inequality

Thu, 06/18/2020 - 09:11
Colgate-Palmolive on Thursday said it was working to review and evolve its Chinese toothpaste brand, Darlie, the latest in a string of brand reassessments amid a U.S. debate on racial inequality.
Categories: Business News

US STOCKS-Wall St set to open lower on rising virus cases, elevated jobless claims

Thu, 06/18/2020 - 09:09
* Futures down: Dow 0.91%, S&P 0.72%, Nasdaq 0.18% (Adds quote, details; updates prices)
Categories: Business News

UPDATE 1-Medtronic ties up with Foxconn to boost ventilator production

Thu, 06/18/2020 - 09:09
Medtronic said on Thursday it had partnered with Foxconn to boost production of its ventilators to 10,000 over the next year amid surging demand as the respiratory disease caused by the new coronavirus overwhelms hospitals.
Categories: Business News

Pfizer's hemophilia gene therapy shows sustained effect in early-stage study

Thu, 06/18/2020 - 09:01
Pfizer Inc and Sangamo Therapeutics Inc said on Thursday their gene therapy helped maintain levels of a vital protein for up to 14 months in patients with a rare genetic disorder in which blood does not clot easily.
Categories: Business News

Soccer-Sky enjoy ratings boost with Premier League return

Thu, 06/18/2020 - 08:55
Manchester City's 3-0 win over Arsenal as the Premier League returned to action on Wednesday attracted a peak of 3.4 million viewers, a 94 percent increase on the season's average audience, according to broadcasters Sky Sports.
Categories: Business News

Russian supplier of titanium for Boeing and Airbus may suspend output in September

Thu, 06/18/2020 - 07:34
VSMPO-Avisma, one of the world's largest producers of titanium for Boeing and Airbus, is considering temporary suspension of production in September if business does not improve, its acting chief executive said.
Categories: Business News

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