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

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.

from Reuters: Business News https://ift.tt/2Y4YEcC

Senate bill aims to improve aircraft certification after 737 MAX crashes

U.S. senators introduced legislation on Tuesday that would strengthen FAA oversight of aircraft certification following fatal Boeing Co 737 MAX crashes, though a victim's father said the bill, while a positive step, "still lacks teeth."

from Reuters: Business News https://ift.tt/3hu1FLj

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

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.

from Reuters: Business News https://ift.tt/2Y4S8m8

The future of media: more digital and more economic pain, Reuters Institute says

The coronavirus outbreak has prompted a significant increase in news consumption but the economic turmoil is forcing news businesses to accelerate their move to digital, The Reuters Institute for the Study of Journalism said.

from Reuters: Business News https://ift.tt/3hwz7Rd

U.S. companies can work with Huawei on 5G, other standards: Commerce Department

The United States on Monday confirmed a Reuters report that it will amend its prohibitions on U.S. companies doing business with China's Huawei [HWT.UL] to allow them to work together on setting standards for next-generation 5G networks.

from Reuters: Business News https://ift.tt/2YRZPeP

Asian stocks set to track U.S. gains as Fed steps up support

Asian stocks were set to follow a late Wall Street surge on Tuesday, after the Federal Reserve's fresh move to support financial markets through the coronavirus pandemic cheered investors.

from Reuters: Business News https://ift.tt/3hyVCF2

U.S., China to each allow four weekly flights for airlines; Delta to fly next week

The United States and China will each allow four weekly flights between the two countries, the U.S. Transportation Department said on Monday, easing a standoff on travel restrictions in the midst of the novel coronavirus pandemic.

from Reuters: Business News https://ift.tt/2CaYMyO

Oil prices drop as rising U.S. coronavirus cases stoke fears of weak fuel demand

Oil prices fell on Monday, with U.S. oil dropping more than 2%, as a spike in new coronavirus cases in the United States raised concerns over a second wave of the virus which would weigh on the pace of fuel demand recovery.

from Reuters: Business News https://ift.tt/30HAZkg

Wall Street Week Ahead: Investors bet bounce in value stocks will stick

As the U.S. economy begins to emerge from the sharp slowdown during the coronavirus pandemic, some fund managers have been drawn to value stocks, a sector that underperformed during the recent rally.

from Reuters: Business News https://ift.tt/3dXU1GP

U.S. eases criminal record provision in coronavirus business loan program

Federal authorities administering business payroll loans as part of U.S. coronavirus relief efforts on Friday eased rules prohibiting lending to business owners with criminal records, allowing some with no convictions in the past year to access funds.

from Reuters: Business News https://ift.tt/2MUCAv2

Zoom says China demanded shutting activists' accounts over Tiananmen event

Zoom Video Communications Inc said on Thursday the Chinese government demanded the termination of four public meetings held on its video conferencing platform on June 4 to commemorate the 31st anniversary of China's Tiananmen Square crackdown.

from Reuters: Business News https://ift.tt/2UApRlj

Apple, YouTube unveil $100 million funds to support black causes amid U.S. protests

Apple Inc said on Thursday it will increase spending with black-owned suppliers as part of a $100 million racial equity and justice initiative, while Google-owned YouTube said it will spend $100 million to fund black artists.

from Reuters: Business News https://ift.tt/2XQNuYS

Asia stocks set to fall on Fed's dour outlook

Asian stocks were set to fall on Thursday after gloomy economic projections from the U.S. Federal Reserve sent the greenback and most Wall Street shares lower.

from Reuters: Business News https://ift.tt/3hgDBv9