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July 11, 2020

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Reuters - Business

World stock markets slip on second wave virus fears, safe-havens rise

Reuters
by Reuters033
NEW YORK/LONDON (Reuters) – Global stock markets fell on Thursday as a continued rise in the number of coronavirus cases dashed hopes of a swift recovery from the pandemic-induced economic slump and drove demand for safe-haven currencies such as the dollar and Japanese yen. Traders wear masks as they work......
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Reuters - Business

Stocks drift as second wave virus fears mount

Reuters
by Reuters017
LONDON/TOKYO (Reuters) – 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. FILE PHOTO: A street cleaning operative walks past the London Stock Exchange Group building in the City of London financial district,......
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Reuters - Business

Global stocks retreat as investors fret over coronavirus relapse

Reuters
by Reuters014
TOKYO/WASHINGTON (Reuters) – 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. FILE PHOTO: A man wearing a protective face mask, following the coronavirus disease (COVID-19) outbreak, is......
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Reuters - Business

Stocks grind higher on recovery hopes

Reuters
by Reuters015
LONDON/SYDNEY (Reuters) – Europe’s shares added to their best gains in almost a month as safety plays lost their lustre on Wednesday, with hopes of a rapid economic recovery standing firm against a resurgence of global coronavirus cases. FILE PHOTO: Pedestrians leave and enter the London Stock Exchange in London,......
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Reuters - Business

Asia stocks turn cautious on virus surge, geopolitics

Reuters
by Reuters017
SYDNEY (Reuters) – Asian share markets took a cautious turn on Wednesday as a resurgence of global coronavirus cases challenged market confidence in a rapid economic recovery, even as the rebound in U.S. retail sales in May broke all records. FILE PHOTO: A visitor takes a photograph of a board......
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Reuters - Business

Asian stocks set to rise as drug trials, data push Wall Street higher

Reuters
by Reuters015
WASHINGTON (Reuters) – Asian stocks were set to climb on Wednesday after another late Wall Street surge in response to upbeat trial results for a COVID-19 treatment and data showing U.S. consumers spent big in May. FILE PHOTO: A man wearing a protective face mask, following the coronavirus disease (COVID-19)......
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Reuters - Business

Stimulus splurge restarts stocks rally

Reuters
by Reuters020
LONDON (Reuters) – The global stocks rally was back on track on Tuesday, with more support from the Federal Reserve and the Bank of Japan helping end a bumpy few days for financial markets. FILE PHOTO: A man wearing a protective face mask walks past the London Stock Exchange Group......
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Reuters - Business

SoftBank-backed ride-hailing firm Grab cuts staff to cope with virus impact

Reuters
by Reuters020
SINGAPORE (Reuters) – Southeast Asian ride-hailing and payments firm Grab said on Tuesday it would lay off more than 300 employees due to the impact of novel coronavirus, in the latest setback to major backer SoftBank Group Corp (9984.T). FILE PHOTO: People wait for the start of Grab’s fifth anniversary......
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Reuters - Business

Global stocks jump on Fed support, easing second wave fears

Reuters
by Reuters014
TOKYO/HONG KONG (Reuters) – Asian shares rallied and the dollar fell on Tuesday as risk appetite was bolstered by the formal start of the Federal Reserve’s corporate bond buying programme, and earlier worries about a second wave of coronavirus infections eased. A man wearing a protective face mask, following the......
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Reuters - Business

SoftBank-backed ride-hailing firm Grab announces layoffs

Reuters
by Reuters021
FILE PHOTO: People wait for the start of Grab’s fifth anniversary news conference in Singapore June 6, 2017. REUTERS/Edgar Su SINGAPORE (Reuters) – Southeast Asian ride-hailing and payments firm Grab announced hundreds of job losses on Tuesday due to the impact of novel coronavirus. Southeast Asia’s most valuable startup with......
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Reuters - Business

Huawei CFO raises new argument to fight U.S. extradition in Canada court

Reuters
by Reuters014
VANCOUVER/NEW YORK (Reuters) – Huawei Chief Financial Officer Meng Wanzhou is raising a new argument in a Canadian court in a bid to fight extradition to the United States on bank fraud charges, court documents released on Monday showed. FILE PHOTO: Huawei Technologies Chief Financial Officer Meng Wanzhou leaves her......
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Reuters - Business

Virus second-wave fears rattle markets, stocks fall

Reuters
by Reuters017
LONDON (Reuters) – Fears that a second wave of COVID-19 infections is under way sent jitters across global markets on Monday with stocks and oil under pressure while investors bought into safe havens such as German government debt. Beijing reported its second consecutive day of record numbers of virus cases......
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Reuters - Business

Exclusive: Mexico’s oil hedge to be pricier, but government likely doing it anyway

Reuters
by Reuters012
NEW YORK/MEXICO CITY (Reuters) – Mexico will have to pay more for less coverage under its giant oil revenue insurance policy for 2021, but will likely go ahead anyway to avoid further damaging its financial standing with international investors, sources said. FILE PHOTO: General view shows Mexican state oil firm......
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Reuters - Business

Asian stocks, oil fall as second wave fears grow

Reuters
by Reuters018
SYDNEY (Reuters) – Asian shares stumbled on Monday and oil prices slipped as fears of a second wave of coronavirus infections in Beijing sent investors scurrying for safe-havens while underwhelming data from China further weighed on sentiment. FILE PHOTO: A pedestrian wearing a face mask walks near an overpass with......
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Reuters - Business

Volkswagen in Mexico will begin sending workers back to plant on Tuesday

Reuters
by Reuters013
FILE PHOTO: The logo of Volkswagen is pictured at the LA Auto Show in Los Angeles, California, U.S., November 20, 2019. REUTERS/Lucy Nicholson MEXICO CITY (Reuters) – Volkswagen AG’s (VOWG_p.DE) Mexican unit will begin sending workers back to its plant in the central state of Puebla on Tuesday for “preparation......
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Reuters - Business

Asian stocks, oil sell off on second wave fears

Reuters
by Reuters016
SYDNEY (Reuters) – Asian markets started the week on the backfoot on Monday while oil prices slipped as fears of a second wave of coronavirus infections in China sent investors scurrying for safe-havens. FILE PHOTO: A pedestrian wearing a face mask walks near an overpass with an electronic board showing......
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Reuters - Business

Systemic racism slows economic growth: Dallas Fed chief Kaplan

Reuters
by Reuters014
FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks at the Commonwealth Club in San Francisco, U.S., October 11, 2019. REUTERS/Ann Saphir WASHINGTON (Reuters) – Systemic racism and high unemployment levels among black and Hispanic Americans create a drag on the U.S. economy, Dallas Federal Reserve President Robert Kaplan......
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Reuters - Business

Canada spy agency warned of ‘shock waves’ from arrest of Huawei founder’s daughter

Reuters
by Reuters018
FILE PHOTO: Huawei Technologies Chief Financial Officer Meng Wanzhou leaves her home to attend a court hearing in Vancouver, British Columbia, Canada May 27, 2020. REUTERS/Jennifer Gauthier TORONTO (Reuters) – Canada’s intelligence agency warned that arresting the daughter of billionaire Huawei founder Ren Zheng would set off global “shock waves”......
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Reuters - Business

Airbnb partners with Brazil virus hotspot Sao Paulo on post-pandemic tourism

Reuters
by Reuters013
FILE PHOTO: A man wearing a protective face mask walks inside Cidade Sao Paulo shopping mall, as malls reopen amid the coronavirus disease (COVID-19) outbreak, in Sao Paulo, Brazil, June 11, 2020. REUTERS/Amanda Perobelli SAO PAULO (Reuters) – Home rental firm Airbnb struck a partnership with Brazil’s Sao Paulo state......
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Reuters - Business

World shares modestly higher as investors mull coronavirus, recovery outlook

Reuters
by Reuters010
NEW YORK (Reuters) – Global equity markets rose in choppy trading on Friday as concerns triggered by the U.S. Federal Reserve’s less-than-optimistic outlook for an economic recovery and a jump in U.S. coronavirus cases gave investors pause. FILE PHOTO: Traders wear masks as they work on the floor of the......
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