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Updated: 1 hour 27 min ago

Softbank-backed Coupang under scrutiny after S.Korea warehouse virus outbreak

Fri, 05/29/2020 - 03:03
* Warehouse of S.Korea's top e-commerce firm emerges as virus hotbed
Categories: Business News

Gambling group Flutter raises 812 million pounds in share placement

Fri, 05/29/2020 - 03:01
Paddy Power, Betfair and Poker Stars owner Flutter Entertainment has raised 812 million pounds via a share placement that will see U.S. media group Fox Corp increase its investment in the world's largest online betting group.
Categories: Business News

UPDATE 1-Airbag maker Autoliv sees April sales tumble as pandemic hits

Fri, 05/29/2020 - 02:59
* New 6 billion SEK lending facility secured (Adds background, detail)
Categories: Business News

Norway to extend loan guarantees for airlines

Fri, 05/29/2020 - 02:46
Norway's government plans to extend a state guarantee for loans to airlines by four months until the end of October, it said in a statement on Friday.
Categories: Business News

UPDATE 1-Sweden's Elekta profit margin tops guidance even as pandemic pain sets in

Fri, 05/29/2020 - 02:38
* CEO says seeing recovery in China (Adds detail, background)
Categories: Business News

Airbag maker Autoliv sees April sales tumble as pandemic hits demand

Fri, 05/29/2020 - 02:21
Sweden's Autoliv , the world's largest maker of airbags and seatbelts, on Friday said it had seen a very challenging start to the second quarter with the North American and European markets grinding to a halt in April.
Categories: Business News

Crisis-hit Wall Street checks in to Zandi's "impairment studio"

Fri, 05/29/2020 - 02:00
When Wall Street doesn't know where the world economy is heading, it books a session at Mark Zandi's "impairment studio".
Categories: Business News

UPDATE 1-JDE Peet's valued at $17.3 billion in espresso IPO

Fri, 05/29/2020 - 01:58
Coffee maker JDE Peet's said on Friday its shares were priced at 31.50 euros each in an initial public offering, valuing the firm at 15.6 billion euros ($17.3 billion), as it became one of the few big companies to go public during the coronavirus crisis.
Categories: Business News

GLOBAL MARKETS-Stocks slip as markets await Trump's Hong Kong response

Fri, 05/29/2020 - 01:51
Stock markets dipped and safe-havens such as bonds and Japan's yen firmed on Friday, as investors awaited Washington's response to China tightening control over the city of Hong Kong.
Categories: Business News

UPDATE 1-China's Geely raises $836 mln from share sale

Fri, 05/29/2020 - 01:39
Geely Automobile Holdings Ltd said on Friday it raised HK$6.48 billion ($836 million) from a share placement as the Chinese automaker looks to replenish its coffers to finance growth in the world's largest auto market.
Categories: Business News

UPDATE 1-China plans to extend curbs on international flights until June 30 - U.S. embassy

Fri, 05/29/2020 - 01:35
Chinese civil aviation authorities plan to extend until June 30 their curbs on international flights imposed to restrain the spread of the coronavirus, the U.S. embassy in Beijing said in a travel advisory on Friday.
Categories: Business News

JDE Peet's valued at $17.3 billion in espresso IPO

Fri, 05/29/2020 - 01:21
Coffee maker JDE Peet's said on Friday its shares were priced at 31.50 euros each in an initial public offering, valuing the firm at 15.6 billion euros ($17.3 billion), as it became one of the few big companies to go public during the coronavirus crisis.
Categories: Business News

PRESS DIGEST- New York Times business news - May 29

Fri, 05/29/2020 - 01:10
The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
Categories: Business News

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