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Updated: 2 hours 45 min ago

Britain approves spending of 3.5 billion pounds on railway bailout

Thu, 06/18/2020 - 07:17
Britain has so far approved spending of 3.5 billion pounds ($4.38 billion) to keep its railways running during the coronavirus pandemic, the government said on Thursday.
Categories: Business News

Indonesia sees oil and gas 2021 gross revenue at $18.7-$22.31 bln -SKK Migas

Thu, 06/18/2020 - 07:17
Indonesia expects gross revenue from oil and gas to fall to between $18.7 billion to $22.31 billion next year, the chairman of upstream oil and gas regulator SKK Migas told parliament on Thursday.
Categories: Business News

UPDATE 1-Norway does not plan deeper oil output cut after OPEC+ move

Thu, 06/18/2020 - 07:05
Norway is not planning to deepen its oil output cuts after a decision by the OPEC+ group to prolong its own production cut, the Nordic country's energy minister said on Thursday.
Categories: Business News

UPDATE 2-Roche rheumatoid arthritis drug fails to help COVID-19 patients in Italian study

Thu, 06/18/2020 - 07:02
* Actemra sales rose 30% in Q1 on pandemic demand (Adds reference to Italy's drugs regulator starting in 2nd paragraph, background on trials of similar drugs)
Categories: Business News

REFILE-UPDATE 1-Carnival posts $4.4 bln quarterly loss, forecasts more pain

Thu, 06/18/2020 - 07:01
Carnival Corp reported a quarterly net loss of $4.4 billion on Thursday, as the cruise operator took major write-downs on the sale of some ships and was virtually crippled by the global COVID-19 pandemic.
Categories: Business News

US STOCKS-Futures drift lower ahead of jobless claims data

Thu, 06/18/2020 - 06:54
Futures tracking the S&P 500 and Dow indexes edged lower on Thursday as caution over an uptick in COVID-19 infections in parts of the United States and China weighed on the mood ahead of a weekly jobless claims report.
Categories: Business News

UPDATE 2-S.Africa's bad debts may hit highest ever level of 10% due to virus

Thu, 06/18/2020 - 06:50
* Bad debts could hit 10% as coronavirus knocks economy - BASA
Categories: Business News

Italy wants a global agreement on digital tax by end of 2020 - EconMin

Thu, 06/18/2020 - 06:48
Economy Minister Roberto Gualtieri said on Thursday Italy was still committed to a shared global deal on a tax on digital services, after the United States decided to quit global talks on how to tax sector giants.
Categories: Business News

Amazon to hire 3,000 people in South Africa for customer service roles

Thu, 06/18/2020 - 06:42
Amazon.com Inc is hiring 3,000 people in South Africa this year to provide support to customers in North America and Europe, it said on Thursday.
Categories: Business News

PRESS DIGEST-Canada - June 18

Thu, 06/18/2020 - 06:37
The following are the top stories from selected Canadian newspapers on Thursday. Reuters has not verified these stories and does not vouch for their accuracy.
Categories: Business News

UPDATE 1-IAG airline Level Europe files for insolvency

Thu, 06/18/2020 - 06:35
Austrian short-haul budget carrier Level Europe plans to file for insolvency, it said on Thursday, becoming the latest airline casualty of the coronavirus crisis despite the financial might of parent IAG .
Categories: Business News

U.S.-China tech war bigger risk than coronavirus, EU chamber chief says

Thu, 06/18/2020 - 06:15
The coronavirus has disrupted supply chains and demand across the global economy, but it is the prospect of Europe becoming a casualty in the U.S.-China tech war that keeps the president of the European Chamber in China "awake at night".
Categories: Business News

Carnival posts $4.4 bln quarterly loss

Thu, 06/18/2020 - 06:15
Carnival Corp reported a quarterly net loss of $4.4 billion on Thursday after the COVID-19 pandemic brought its cruise business to an effective standstill.
Categories: Business News

UPDATE 2-Europe threatens digital taxes without global deal, after U.S. quits talks

Thu, 06/18/2020 - 06:10
* Europeans say big digital firms don't pay enough tax (Adds EU, Spanish and British comments, details)
Categories: Business News

Deutsche Post sees Amazon dependence falling as online booms

Thu, 06/18/2020 - 06:08
German logistics group Deutsche Post AG said its dependence on Amazon is falling as the coronavirus crisis prompts a big rise in parcel shipments by other customers which it expects to continue in the second half of 2020.
Categories: Business News

Deals of the day-Mergers and acquisitions

Thu, 06/18/2020 - 06:00
The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Thursday:
Categories: Business News

Automakers rev up U.S. assembly lines, wary of outside risks to workers

Thu, 06/18/2020 - 06:00
Automakers are speeding up U.S. assembly lines to meet recovering demand, increasingly confident coronavirus safety protocols are working to prevent outbreaks in their plants but wary of the challenges workers face outside.
Categories: Business News

Ford to offer hands-free driving in 2021 - six years after Tesla

Thu, 06/18/2020 - 06:00
Ford Motor Co said on Thursday that it will offer hands-free driving on its new Mustang Mach-E in fall 2021, six years after Tesla Inc and four years after General Motors Co introduced similar systems.
Categories: Business News

UPDATE 1-European shares pull back as second wave concerns rise

Thu, 06/18/2020 - 04:26
* Siemens Gamesa falls on CEO change, warning of loss (Adds comments, details, updates prices)
Categories: Business News

EMERGING MARKETS-Stocks, forex muted; Turkish equities propped up by Turkcell

Thu, 06/18/2020 - 04:19
Equities and currencies in the developing world were muted on Thursday as support from sustained stimulus measures to revive economic growth was countered by a resurgence in COVID-19 cases.
Categories: Business News

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