Stocks boosted to weekly highs as risk appetite improves; U.S. jobs data looms
Global shares rallied on Friday, hitting weekly highs, on signs of improving Sino-American relations and the prospect of more governments gradually reopening their economies....
Tesla aims to restart Fremont plant as soon as Friday: Bloomberg News
Tesla Inc plans to reopen its sole U.S. car plant in Fremont, California as soon as Friday, Bloomberg reported on Friday, citing an email from...
U.S. Post Office board meets as COVID takes its toll and funding dries up
The U.S. Postal Service’s Board of Governors meets on Friday at a critical juncture as it faces accusations from the White House that it charges...
Germany’s BaFin investigating Wirecard communication ahead of audit publication
Germany’s financial market watchdog BaFin is investigating Wirecard’s communication with investors directly ahead of the publication of a critical audit by KPMG, a spokeswoman for...
Sony to make, donate face shields to Japan hospitals
Sony Corp said on Friday it will manufacture and donate medical face shields to hospitals in Japan, amid worries about the availability of protective equipment...
Stocks boosted by U.S.-China talks ahead of key U.S. jobs data
Global shares rallied on Friday as investors cheered signs of improving Sino-American relations and looked towards more governments gradually reopening their economies....
Indonesia’s Garuda to seek restructuring of $500-mln Islamic bonds
National flag carrier Garuda Indonesia will seek to restructure $500 million of Islamic bonds due to mature next month, the deputy of the state-owned enterprises...
Rupert Murdoch gives up bonus after News Corp post $1 billion loss
News Corp Executive Chairman Rupert Murdoch is forgoing his cash bonus for the year after the media company posted a $1 billion quarterly loss due...
Explainer: Why Friday’s U.S. jobless figures won’t capture the true state of the coronavirus economy
The U.S. economy is expected to have shed 22 million jobs in April, tripling the nationwide unemployment rate to 16%, when new government data is...
Siemens sees strongest coronavirus impact in next quarter as second-quarter profit plunges
Siemens expects “even stronger impacts” from the coronavirus pandemic in the weeks ahead, it said on Friday as it ditched its 2020 guidance and posted...