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Updated: 1 hour 13 min ago

UPDATE 2-Chevron puts stake in Australia's North West Shelf LNG on the block

Thu, 06/18/2020 - 04:15
* Infrastructure players likely interested, analysts say (Adds analyst, operator Woodside comments)
Categories: Business News

UPDATE 4-PepsiCo drops Aunt Jemima branding; Uncle Ben's, others under review

Thu, 06/18/2020 - 04:14
PepsiCo Inc said on Wednesday it will change the name and brand image of its Aunt Jemima pancake mix and syrup which have been criticized as racist amid a national debate over racial inequality in the United States.
Categories: Business News

GLOBAL MARKETS-Stocks drift as second wave virus fears mount

Thu, 06/18/2020 - 04:13
Global stocks drifted on Thursday as spiking coronavirus cases in some U.S. states and China crushed hopes of a quick global economic comeback from the pandemic.
Categories: Business News

China approves JPMorgan as first fully foreign-owned futures company

Thu, 06/18/2020 - 03:39
China's securities regulatory said on Thursday it had approved JPMorgan Futures as the first fully foreign-owned futures company in the country, and that it would bring in more qualified foreign shareholders as it further opens up the market.
Categories: Business News

RPT-Oppo cancels live online phone launch in India amid calls to boycott Chinese goods

Thu, 06/18/2020 - 03:36
China's Oppo cancelled the live online launch of its flagship smartphone in India on Wednesday after a border clash between the two countries that has renewed calls from local Indian trader groups to shun Chinese products.
Categories: Business News

MORNING BID-The second wave is building

Thu, 06/18/2020 - 03:33
A look at the day ahead from Senior FX Correspondent Saikat Chatterjee. The views expressed are her own.
Categories: Business News

Rosatom, Framatome, GE team up for Bulgarian nuclear tender

Thu, 06/18/2020 - 03:26
Russia's state nuclear company Rosatom said on Thursday it had signed a memoranda of understanding with France's Framatome and GE Steam Power to work together to participate in a tender to build the Belene Nuclear Power Plant (NPP) in Bulgaria.
Categories: Business News

European shares lose ground on concerns of second coronavirus wave

Thu, 06/18/2020 - 03:16
European shares retreated at the open on Thursday as a spike in COVID-19 cases in China and some U.S. states triggered fears of a second wave of infections, knocking back hopes of a swift recovery from the pandemic-led economic slump.
Categories: Business News

UPDATE 3-Australian regulator says Google's $2.1 bln Fitbit deal could harm competition

Thu, 06/18/2020 - 03:08
Australia's antitrust regulator warned Google's planned $2.1 billion acquisition of fitness tracker maker Fitbit may give it too much of people's data, potentially hurting competition in health and online advertising markets.
Categories: Business News

Tokyo shares end lower as rising virus cases cloud recovery hopes

Thu, 06/18/2020 - 02:58
Japanese shares closed lower on Thursday as increasing cases of the novel coronavirus across the United States and China raised concerns about a swift recovery in the global economy.
Categories: Business News

B&G Foods to review Cream of Wheat brand amid debate on racial inequality

Thu, 06/18/2020 - 02:57
B&G Foods is reviewing the packaging of its Cream of Wheat porridge, becoming the fourth brand with an African American mascot to take the step amid a national debate over racial inequality in the United States.
Categories: Business News

UK says it still wants global digital tax as U.S. quits talks

Thu, 06/18/2020 - 02:37
Britain will keep pushing for a global solution on taxing international digital companies such as Google and Facebook Inc after the United States left negotiations, a spokesman for the British Treasury said on Thursday.
Categories: Business News

GLOBAL MARKETS-Global stocks retreat as investors fret over coronavirus relapse

Thu, 06/18/2020 - 02:19
Asian stocks and Wall Street futures fell on Thursday as spiking coronavirus cases in some U.S. states and in China dented hopes of a quick global economic comeback from the pandemic.
Categories: Business News

JGBs rise in line with U.S. Treasuries; 5-year auction sees fair demand

Thu, 06/18/2020 - 02:17
Most Japanese government bond (JGB) prices rebounded on Thursday, taking their cues from firmer U.S. Treasuries in Asian trading and weaker global stocks amid fears of a fresh wave of coronavirus infections.
Categories: Business News

German travel sector down 23% in Q1 over pandemic - stats office

Thu, 06/18/2020 - 02:14
Sales of the German travel industry declined by 23% in the January-March period compared to the previous quarter, Germany's statistics office said on Thursday, as the sector came to a virtual halt in March due to the coronavirus pandemic.
Categories: Business News

PRESS DIGEST-New York Times business news - June 18

Thu, 06/18/2020 - 01:21
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

Norway's salmon exports to China fell amid virus outbreak

Thu, 06/18/2020 - 01:20
Norwegian salmon exports to China fell by a third last week to 240 tonnes, Norway's state-owned seafood marketing organisation said on Thursday.
Categories: Business News

UPDATE 1-Pandemic to nearly wipe out growth in developing Asia in 2020 -ADB

Thu, 06/18/2020 - 00:08
Developing Asia will likely clock up its weakest growth in nearly six decades this year, the Asian Development Bank (ADB) said on Thursday, as measures to contain the contagious novel coronavirus hammer economic activity. Developing Asia
Categories: Business News

REFILE-UPDATE 1-China's COVID-19 vaccine candidate shows promise in human trials, CNBG says

Thu, 06/18/2020 - 00:08
China National Biotec Group (CNBG) said on Tuesday its experimental coronavirus vaccine has triggered antibodies in clinical trials and the company plans late-stage human trials in foreign countries.
Categories: Business News

Japanese stocks fall on worries over fresh coronavirus cases

Wed, 06/17/2020 - 23:39
Japanese stocks fell on Thursday, as a spike in coronavirus infections across the United States and China raised doubts about a swift recovery in the global economy.
Categories: Business News

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