Reuters Business News:
 
Stocks slip as markets await Trump"s Hong Kong response
5/29/2020 12:56 AM
Stock markets dipped and safe-havens such as bonds and Japan"s yen firmed on Friday, as investors awaited Washington"s response to China tightening control over the city of Hong Kong. ...Read More
 
China"s Geely raises $836 million from share sale
5/29/2020 12:43 AM
Geely Automobile Holdings Ltd said on Friday it raised HK$6.48 billion ($836 million) from a share placement as the Chinese automaker looks to replenish its coffers to finance growth in the world"s largest auto market. ...Read More
 
Virgin Australia"s administrator to shortlist two bidders early next week
5/29/2020 12:35 AM
The administrator of Virgin Australia Holdings Ltd said it expected to shortlist two preferred bidders early next week after parties confirmed non-binding indicative proposals to acquire the airline on Friday. ...Read More
 
Renault to restructure French factories in high-stakes reboot plan
5/29/2020 12:34 AM
French carmaker Renault said on Friday it was launching talks with unions to reorganise and cease assembling vehicles at several plants in France as it cuts some 15,000 jobs worldwide and tries to refocus to survive a slump in sales. Read More
 
With "Main Street" in view, Fed weighs risks of job, productivity shocks
5/29/2020 12:06 AM
U.S. Federal Reserve officials have talked broadly about helping households and firms through the current economic crisis and quickly unleashed trillions of dollars in cash and credit guarantees to build a "bridge" to the post-pandemic world. Read More
 
Virgin Australia"s administrator to shortlist two bidders early next week
5/28/2020 11:57 PM
The administrator of Virgin Australia Holdings Ltd said it expected to shortlist two preferred bidders early next week after parties confirmed non-binding indicative proposals to acquire the airline on Friday. ...Read More
 
Volkswagen pumps 2 billion euros into China electric vehicle bet, buys stakes in two firms
5/28/2020 11:24 PM
Volkswagen AG (VW) said on Friday it has agreed to invest 2.1 billion euros ($2.33 billion) in two separate Chinese electric vehicle players, upping its bet on the world"s biggest auto market as international rivals seek to muscle in. Read More
 
Oil prices fall as U.S. fuel demand remains weak
5/28/2020 11:00 PM
Oil prices edged lower on Friday after U.S. inventory data showed lacklustre fuel demand in the world"s largest oil consumer while worsening U.S.-China tensions weighed on global financial markets. ...Read More
 
SoftBank Vision Fund head"s pay doubled last year despite massive losses
5/28/2020 10:21 PM
SoftBank Vision Fund"s head, Rajeev Misra, saw his total pay for the past business year more than double to roughly $15 million, even as the fund"s underperformance pushed SoftBank to a record operating loss of some $13 billion. Read More
 
Trump move could scrap or weaken law that protects social media companies
5/28/2020 9:43 PM
President Donald Trump said he will introduce legislation that may scrap or weaken a law that has protected internet companies, including Twitter and Facebook, in an extraordinary attempt to regulate social media platforms where he has been criticized. Read More



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