|
Jun 18, 2020
Facebook Inc said on Thursday it
took down posts and ads run by the re-election campaign of U.S.
President Donald Trump for violating its policy against
organized hate.
|
|
Jun 18, 2020
Co-op Refinery Complex (CRC), western
Canada's third-largest oil refinery, said on Thursday it reached
a tentative deal with the country's largest private sector
union, potentially ending a months-long labor dispute.
|
|
Jun 18, 2020
Hertz Global Holdings Inc is in
talks for a bankruptcy loan of up to $1 billion to fund its
business reorganization after suspending its plan to sell new
shares, the Wall Street Journal reported on Thursday, citing
people familiar with the matter.
|
|
Jun 18, 2020
Electric vehicle maker Tesla
Inc wants to start building a large vehicle assembly
plant in the southwestern United States as early as the third
quarter of this year, the company told Texas officials in
documents made public this week.
|
|
Jun 18, 2020
Globalfoundries and SkyWater Technology
have reached a deal to supply semiconductor chips to the U.S.
defense industry and work on new technology, the companies said
on Thursday, as the industry moves toward more U.S.
manufacturing.
|
|
Jun 18, 2020
* Indexes mixed: Dow dips 0.52%, S&P off 0.27%, Nasdaq flat
(Updates to late afternoon, changes dateline, byline)
|
|
Jun 18, 2020
Top officials from Facebook, Google and
Twitter were grilled by U.S. lawmakers on Thursday at a virtual
hearing on foreign influence and election security ahead of the
Nov. 3 presidential contest.
|
|
Jun 18, 2020
Hertz Global Holdings Inc is in
talks for a bankruptcy loan of up to $1 billion to fund its
business reorganization after suspending its plan to sell new
shares, the Wall Street Journal reported on Thursday. (https://on.wsj.com/3fCTqL7)
|
|
Jun 18, 2020
Facebook Inc said on Thursday it
took down certain posts and advertisements from U.S. President
Donald Trump and Vice President Mike Pence related to their
re-election campaign, due to violation of the social network's
policy against organized hate.
(Reporting by Ayanti Bera and Elizabeth Culliford; Editing by
Shounak Dasgupta)
|
|
Jun 18, 2020
* Greene King pub chain apologises for founder's role
(Adds Bank of England apology)
|
|
Jun 18, 2020
Robinhood Markets Inc, the
fintech startup credited with helping popularize trading with
millennials, said on Thursday it resolved an issue that had
caused a "major outage" on its platform earlier in the day.
|
|
Jun 18, 2020
Electric vehicle maker Tesla
Inc wants to start building a new and large vehicle
assembly plant in the southwestern United States as early as the
third quarter of this year, the company told Texas officials in
documents made public this week.
|
|
Jun 18, 2020
* Indexes mixed: Dow dips 0.25%, S&P flat, Nasdaq up 0.17%
(Updates to early afternoon)
|
|
Jun 18, 2020
A group of 27 leading executives added
to calls for Canada to ease coronavirus-led air restrictions in
a letter published in the country's Globe and Mail newspaper on
Thursday.
|
|
Jun 18, 2020
* Trial of app showed inaccuracies on Apple's iPhone
(Updates with quotes from news conference)
|
|
Jun 18, 2020
LATAM Airlines Chief Executive
Roberto Alvo said on Thursday he expects the region´s largest
carrier to be operating at half of pre-pandemic levels by the
end of 2020, and that a full recovery was unlikely for at least
3-4 years.
|
|
Jun 18, 2020
Ford Motor Co next week
will show the next generation of its brawny F-150 pickup truck
that offers a new sleeper-seat feature and over-the-air software
updates in a machine Ford is counting on to help pay off
coronavirus-related debts.
|
|
Jun 18, 2020
The luxury industry will
feel the fallout from the coronavirus crisis for the next two
years if not longer, Chanel's chief financial officer said on
Thursday, warning the French fashion label's 2020 revenues and
profit would be significantly hit.
|
|
Jun 18, 2020
Robinhood Markets Inc, the
fintech startup credited with helping popularize trading with
millennials, said on Thursday it was experiencing a "major
outage" in equities and options trading, as well as "degraded
performance" in cryptocurrency trading.
|
|
Jun 18, 2020
France's top court rejected most
of a draft law that would have compelled social media giants
such as Facebook and Twitter to remove any
hateful content within 24 hours, it said on Thursday.
|
|
Jun 18, 2020
Top officials from Facebook Inc,
Alphabet Inc's Google and Twitter Inc
appeared remotely before U.S. lawmakers on Thursday at a virtual
hearing on foreign influence and election security.
|
|
Jun 18, 2020
Portugal's government approved
on Thursday plans to create a state-owned development bank to
channel funds into certain companies and sectors to bolster the
economy.
|
|
Jun 18, 2020
Robinhood Markets Inc, the
fintech startup credited with helping popularize trading with
millennials, said on Thursday it was experiencing a "major
outage" in equities and options trading, as well as "degraded
performance" in cryptocurrency trading.
|
|
Jun 18, 2020
Facebook Inc said on Thursday it
filed lawsuits against individuals in Europe and the United
States for abusing its platforms to offer automated tools for
scraping users' personal data and gathering likes.
|
|
Jun 18, 2020
* Zalando jumps as pandemic boosts online shopping
(Adds comments; updates prices to closes)
|
|
Jun 18, 2020
U.S. supermarket chain Kroger Co
stopped short of raising its annual forecasts on Thursday,
saying a coronavirus-driven surge in demand for essential goods
was fading as American households reconsider what they have on
their shelves.
|
|
Jun 18, 2020
Eskalera, a technology startup
led by Goldman Sachs former human resources head Dane Holmes,
has launched an index to measure corporate diversity and
inclusiveness, the firm said on Thursday.
|
|
Jun 18, 2020
* Indexes: Dow flat, S&P up 0.16%, Nasdaq rises 0.47%
(Adds quote, details; updates prices)
|
|
Jun 18, 2020
Bombardier's chief
executive told shareholders at its annual general meeting on
Thursday that a deal to sell its rail division to France's
Alstom SA remains "pretty much on track to our
original timeline."
|
|
Jun 18, 2020
NEW YORK, June 18 (LPC) - Global development banks are
mobilizing billions of US dollars in capital to fund initiatives
in Latin America as commercial bank lending slumps throughout
the region, which is grappling with a spike in coronavirus cases
and a severe dip in projected economic performance.
|
|
Jun 18, 2020
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.
|
|
Jun 18, 2020
Italian luxury brand Valentino
and Internet giant Amazon have filed a joint lawsuit
against New York-based Kaitlyn Pan Group for allegedly
counterfeiting Valentino shoes and offering them for sale
online.
|
|
Jun 18, 2020
Deutsche Bank AG will pay
more than $10 million to settle federal court charges of market
manipulation and of alleged violations of data reporting
obligations, the U.S. Commodity Futures Trading Commission said
on Thursday.
|
|
Jun 18, 2020
* Trial of app showed inaccuracies on Apple's iPhone
(Adds quote, details)
|
|
Jun 18, 2020
Facebook Inc said on Thursday it
filed lawsuits against individuals in Europe and the United
States for abusing its platforms by using unauthorized
automation software.
|
|
Jun 18, 2020
Canadian firms such as Shopify
Inc and Blackberry Ltd have helped develop a
mobile contact testing app for the novel coronavirus, Prime
Minister Justin Trudeau said on Thursday.
|
|
Jun 18, 2020
Johnson & Johnson is in
talks with multiple governments and global organisations as it
seeks to develop a COVID-19 vaccine, it said on Thursday after
Reuters reported that the U.S. company is in talks over a
potential EU supply deal.
|
|
Jun 18, 2020
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
|
|
Jun 18, 2020
The luxury industry will
feel the fallout from the coronavirus crisis for the next two
years if not longer, Chanel's chief financial officer said on
Thursday, warning the French fashion label's 2020 revenues and
profit would be significantly hit.
|
|
Jun 18, 2020
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.
|
|
Jun 18, 2020
* Indexes: Dow dips 0.45%, S&P off 0.15, Nasdaq up 0.17%
(Updates to open)
|
|
Jun 18, 2020
Canada's main stock index fell on
Thursday as a rise in coronavirus cases in some U.S. states and
China dampened hopes of a swift economic recovery, with poor
domestic trade data further denting sentiment.
|
|
Jun 18, 2020
Brazil's real sank on Thursday after a
widely expected interest rate cut, while concerns over a
resurgence in COVID-19 cases kept broader Latin American markets
off balance.
The real fell more than 1% after the Monetary Policy
Committee cut rates further into record-low territory overnight
while ind
|
|
Jun 18, 2020
* Greene King pub chain apologises for founder's role
(Adds detail on Barclays, City of London Corporation)
|
|
Jun 18, 2020
Thyssenkrupp's
elevator division is set to launch a multi-billion
euro high-yield debt package in the coming weeks to help finance
its acquisition by a private equity consortium, four sources
close to the matter told Reuters.
|
|
Jun 18, 2020
Italian luxury brand Valentino
and Internet giant Amazon have filed a joint lawsuit
against New York-based Kaitlyn Pan Group for allegedly
counterfeiting Valentino's shoes and offering them for sale
online.
|
|
Jun 18, 2020
* Trial of app showed inaccuracies on Apple's iPhone
(Recasts with confirmation)
|
|
Jun 18, 2020
The United States is in
talks with Japan about its concerns with U.S.-made Aegis Ashore
air defense radar stations, a senior U.S. official said on
Thursday, after Tokyo suspended plans to deploy two of them.
|
|
Jun 18, 2020
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.
|
|
Jun 18, 2020
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.
|
|
Jun 18, 2020
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.
|
|
Jun 18, 2020
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.
|
|
Jun 18, 2020
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.
|
|
Jun 18, 2020
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.
|
|
Jun 18, 2020
* Europeans say big digital firms don't pay enough tax
(Adds comment by OECD and Italy)
|
|
Jun 18, 2020
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.
|
|
Jun 18, 2020
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.
|
|
Jun 18, 2020
Brazilian travel company CVC
will ask local bondholders in a meeting on July 3 for
a waiver from its creditors for the delay in payments.
|
|
Jun 18, 2020
U.S. investors have ramped up
investments in growth funds over the past few months on
expectations of higher returns and safety, while they dumped
value funds despite cheaper prices after this year's
pandemic-linked selloff.
|
|
Jun 18, 2020
The British government will
abandon the centralised model of its coronavirus test-and-trace
app and switch to one based on technology provided by Apple
and Google, the BBC reported on Thursday.
|
|
Jun 18, 2020
Brazilian miner Vale SA
plans to resume operations next month at its Voisey's
Bay mine in Canada, the company said in a securities filing on
Thursday.
|
|
Jun 18, 2020
Global stocks drifted
lower on Thursday as an increase in new coronavirus cases in
some U.S. states and China crushed hopes of a swift world
economic comeback from the pandemic.
|
|
Jun 18, 2020
Carnival Corp reported a record
$4.4 billion in quarterly losses on Thursday, as the COVID-19
pandemic crippled the world's biggest cruise operator and forced
it to take major write-downs on the disposal of now redundant
ships.
|
|
Jun 18, 2020
Kroger Co said it expects to
exceed its 2020 outlook for same-store sales and profit after
beating Wall Street expectations for quarterly results on
Thursday, as the U.S. supermarket chain benefited from consumers
stocking up on essentials during the coronavirus lockdowns.
|
|
Jun 18, 2020
Maintenance firms and spare parts
producers who keep airplanes running are bracing for a decline
of up to 75% in sales this year - and more pain to follow - as
airlines park or retire thousands of aircraft due to the
coronavirus pandemic.
|
|
Jun 18, 2020
Activist investor Snow Park
Capital Partners is urging Front Yard Residential Corporation's
board to liquidate the real estate company, arguing this is the
best plan following a scuttled merger deal that sent its shares
tumbling last month.
|
|
Jun 18, 2020
Large multi-country
trials of the combination HIV drug lopinavir/ritonavir to treat
COVID-19 have recruited thousands of patients and the World
Health Organization is now looking at interim data, the UN
agency's chief scientist said on Thursday.
|
|
Jun 18, 2020
India has told two state-run
telecoms firms to use locally-made rather than Chinese telecom
equipment to upgrade their mobile networks to 4G, a senior
government source said on Thursday.
|
|
Jun 18, 2020
Kroger Co said on Thursday it
expects to exceed its 2020 outlook after posting a 57% jump in
quarterly profit, as the U.S. supermarket chain benefits from
consumers stockpiling groceries and other essentials due to the
COVID-19 pandemic.
|
|
Jun 18, 2020
Wells Fargo & Co said on
Thursday its investment adviser Wells Fargo Investment Institute
will sell its feeder fund platform to fintech firm iCapital
Network for an undisclosed amount.
|
|
Jun 18, 2020
Canada's main stock index futures inched
up on Thursday as oil prices rose, while fears of a second wave
of coronavirus cases in major economies held back a sharper
rise.
|
|
Jun 18, 2020
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.
|
|
Jun 18, 2020
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.
|
|
Jun 18, 2020
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.
|
|
Jun 18, 2020
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.
|
|
Jun 18, 2020
* 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)
|
|
Jun 18, 2020
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.
|
|
Jun 18, 2020
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".
|
|
Jun 18, 2020
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.
|
|
Jun 18, 2020
* Europeans say big digital firms don't pay enough tax
(Adds EU, Spanish and British comments, details)
|
|
Jun 18, 2020
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.
|
|
Jun 18, 2020
The following bids, mergers,
acquisitions and disposals were reported by 1000 GMT on
Thursday:
|
|
Jun 18, 2020
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.
|
|
Jun 18, 2020
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.
|
|
Jun 18, 2020
U.S. private equity firm KKR
said on Thursday it had reached an agreement to buy
Dutch vacation parks firm Roompot for an undisclosed sum.
|
|
Jun 18, 2020
China on Thursday approved
JPMorgan's application to operate the first fully
foreign-owned futures business, as the world's second-largest
economy pushes ahead with opening its multi-trillion-dollar
financial market.
|
|
Jun 18, 2020
British oil major BP Plc has
raised $11.9 billion in debt through an issue of hybrid bonds in
multiple currencies, a spokeswoman told Reuters in an emailed
statement, as the company seeks to take advantage of low
interest rates to fortify its balance sheet.
|
|
Jun 18, 2020
Level Europe, an Austrian
low-cost short-haul airline which is part of the parent group of
British Airways, IAG, said in a statement on Thursday
that it intends to file for insolvency.
|
|
Jun 18, 2020
Facebook Inc said on Thursday it
would now share the report on its privacy practices to a newly
formed committee on its board following its settlement with the
U.S. Federal Trade Commission over data privacy probe.
|
|
Jun 18, 2020
Mining companies in Zambia,
Africa's No.2 copper producer, have suffered a 30% drop in
revenue over the three months to April due to the COVID-19
pandemic and the fallout could last for at least 12 months, the
Chamber of Mines said on Thursday.
|
|
Jun 18, 2020
The Swiss National Bank's policy
of negative interest rates and currency interventions has
nothing to do with currency manipulation to benefit Switzerland,
Chairman Thomas Jordan said on Thursday.
|
|
Jun 18, 2020
Thailand could allow inbound
international travel to resume next month for business purposes,
the aviation regulator said on Thursday, as the country seeks to
revive an economy hit badly by the impacts of the coronavirus
and global travel curbs.
|
|
Jun 18, 2020
The Swiss National Bank needs to
keep its expansive monetary policy in place, Chairman Thomas
Jordan said on Thursday, pointing to the economic damage caused
by the coronavirus pandemic and lowered inflation forecasts.
|
|
Jun 18, 2020
Spain and its European allies
will not accept any threats over a proposed tax on internet
giants' revenues, government spokeswoman Maria Jesus Montero
said on Thursday, a day after Washington decided to pull out of
talks on the matter.
|
|
Jun 18, 2020
* Cut three times since COVID-19 lockdown begun in March
(Adds analysts, detail, bullet points)
|
|
Jun 18, 2020
Russia's state nuclear
company Rosatom said on Thursday it has teamed up with France's
Framatome and GE Steam Power from the United States to
bid in a tender to build Bulgaria's Belene nuclear power plant
project.
|
|
Jun 18, 2020
The European Union is ready to
go it alone with taxing digital services of firms like Google,
Amazon, Facebook or Apple if there is no global deal on such a
tax this year, European Economic Commissioner Paolo Gentiloni
said on Thursday.
|
|
Jun 18, 2020
* Siemens Gamesa falls on CEO change, warning of loss
(Adds comments, details, updates prices)
|
|
Jun 18, 2020
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.
|
|
Jun 18, 2020
* Infrastructure players likely interested, analysts say
(Adds analyst, operator Woodside comments)
|
|
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