Business

FILE PHOTO: U.S. House Speaker Nancy Pelosi (D-CA) makes a statement about coronavirus disease (COVID-19) economic relief legislation from the Speakers Lobby of the U.S. Capitol Building on Capitol Hill in Washington, U.S., March 23, 2020. REUTERS/Joshua Roberts/Pool WASHINGTON (Reuters) – U.S. House Speaker Nancy Pelosi said on Thursday the country’s smallest businesses need to
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FILE PHOTO: James P. Gorman, chairman & CEO of Morgan Stanley, testifies before a House Financial Services Committeeon Capitol Hill in Washington, U.S., April 10, 2019. REUTERS/Aaron P. Bernstein (Reuters) – Morgan Stanley’s (MS.N) Chief Executive Officer James Gorman said he has fully recovered from the illness caused by the novel coronavirus, according to a
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FILE PHOTO: A U.S. hypermarket chain Costco Wholesale Corp store is pictured in Shanghai, China August 28, 2019. REUTERS/Aly Song BEIJING (Reuters) – U.S. retail giant Costco (COST.O) will open a new store in China’s eastern city of Suzhou, near Shanghai, state media reported on Thursday. Costco’s subsidiary in Suzhou on Thursday bought a piece
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MILAN/DETROIT (Reuters) – Global automakers reeling from the COVID-19 pandemic are accelerating efforts to restart factories from Wuhan to Maranello to Michigan, using safety protocols developed for China and U.S. ventilator production operations launched in recent weeks. FILE PHOTO: Employees work on the production line of a new medical device called OxyGEN, a respirator to
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MELBOURNE (Reuters) – Crude futures rose on Thursday on expectations the world’s largest oil producers would agree to cut production at a meeting later in the day as the industry grapples with the coronavirus-driven collapse in global oil demand. FILE PHOTO: Oil pump jacks work at sunset near Midland, Texas, U.S., August 21, 2019. Picture
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CHICAGO/WASHINGTON (Reuters) – U.S. Treasury officials have asked airlines seeking government payroll support to provide additional detailed information on capital structure, liquidity and loyalty programs, people briefed on the matter told Reuters. FILE PHOTO: JetBlue Airways aircrafts are pictured at departure gates at John F. Kennedy International Airport in New York June 15, 2013. REUTERS/Fred
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SINGAPORE (Reuters) – The dollar found a footing on Wednesday as investors returned to safe-havens, unwinding some risk currency gains made on hopes the coronavirus crisis in Europe and New York was slowing. FILE PHOTO: U.S. dollar banknote is seen in this picture illustration taken May 3, 2018. REUTERS/Dado Ruvic/Illustration/File Photo The greenback rose on
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FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes HOUSTON (Reuters) – Exxon Mobil Corp (XOM.N) on Tuesday throttled back a multi-year investment spree in shale, LNG and deep water oil production and will
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LONDON (Reuters) – World stock markets enjoyed a second day of sharp gains on Tuesday as signs of progress against the coronavirus in both Europe and the United States and more liberal helpings of stimulus kept investors charging back in. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange
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BUDAPEST (Reuters) – Hungarian low-cost airline Wizz Air (WIZZ.L) is repatriating citizens and transporting medical equipment for east European governments, in a move coupling one-off charter traffic with savvy government relations amid the coronavirus crisis. Wizzair aircraft with a shipment of medical and protective gear from China, which will be used to help fight the
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