Business News

[ad_1] NEW YORK (Reuters) – Oil prices climbed over 3% on Wednesday on signs of improving demand and a drawdown in U.S. crude inventories, but gains were capped by worries over the economic fallout from the coronavirus pandemic and weak refining margins. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris,
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[ad_1] FILE PHOTO: Former Nissan chairman Carlos Ghosn attends a news conference at the Lebanese Press Syndicate in Beirut, Lebanon January 8, 2020. REUTERS/Mohamed Azakir/File Photo BOSTON (Reuters) – U.S. authorities on Wednesday arrested a former special forces soldier and another man wanted by Japan on charges that they enabled the escape of former Nissan
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[ad_1] The logo of French car manufacturer Renault is seen at a dealership of the company in Illkirch-Graffenstaden near Strasbourg, France, June 12, 2019. REUTERS/Vincent Kessler PARIS (Reuters) – French carmaker Renault (RENA.PA) will re-open its Normandy-based Sandouville plant in northwestern France on Friday, a trade union source told Reuters on Wednesday. Renault had suspended
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[ad_1] FILE PHOTO: Passengers board a Norwegian Air plane in Kirkenes, Norway October 26, 2019. REUTERS/Gwladys Fouche/File Photo OSLO (Reuters) – Budget airline Norwegian Air (NWC.OL) has secured a long-sought credit guarantee from Norway’s government after completing a debt restructuring, it said on Wednesday, allowing it to survive in a slimmed-down version. Following the grounding
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[ad_1] WASHINGTON (Reuters) – Asian stocks struggled to extend the week’s rally on Wednesday and gold and bonds firmed as a sceptical press report dented some hopes for a COVID-19 vaccine and concerns about bumps in the global recovery from the pandemic returned. FILE PHOTO: A passerby wearing a protective face mask, following an outbreak
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[ad_1] FILE PHOTO: An employee walks past a Boeing 737 Max aircraft seen parked at the Renton Municipal Airport in Renton, Washington, U.S. January 10, 2020. REUTERS/Lindsey Wasson WASHINGTON (Reuters) – The Federal Aviation Administration said Tuesday it would require Boeing Co (BA.N) and other aircraft manufacturers to adopt new safety-management tools following two fatal
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[ad_1] Aides wearing masks stand behind White House economic adviser Larry Kudlow as he speaks to reporters about the economic impact of the coronavirus disease (COVID-19) at the White House in Washington, U.S., May 15, 2020. REUTERS/Kevin Lamarque WASHINGTON (Reuters) – White House economic adviser Larry Kudlow said on Tuesday that President Donald Trump wants
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[ad_1] U.S. President Donald Trump speaks with restaurant executives and industry leaders during a coronavirus disease (COVID-19) pandemic meeting in the State Dining Room at the White House in Washington, U.S., May 18, 2020. REUTERS/Leah Millis (Reuters) – U.S. President Donald Trump’s administration has awarded a $354 million contract to U.S.-based Phlow Corp to manufacture
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[ad_1] FRANKFURT/DUESSELDORF (Reuters) – Thyssenkrupp could sell most of its steelmaking division, its CEO said on Tuesday, marking a historic reversal in strategy for the German conglomerate which has built its 200-year-old legacy as an industrial champion on the business. FILE PHOTO: Martina Merz, CEO of German conglomerate Thyssenkrupp AG, gestures during the annual shareholders
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[ad_1] SYDNEY (Reuters) – Qantas Airways Ltd could restart 40-50% of its domestic capacity in July if states relax border controls, and expects to offer low and flexible fares without social distancing measures to stimulate travel demand, its chief executive said on Tuesday. FILE PHOTO: Qantas planes are seen at Kingsford Smith International Airport, following
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