June 16, 2020

Futures jump on stimulus hopes ahead of retail sales report

U.S. stock index futures jumped on Tuesday on hopes that aggressive fiscal and monetary stimulus would kick start an economy crushed by the COVID-19 pandemic, with […]
June 16, 2020

Apple says disappointed with EU antitrust investigations

Apple on Tuesday accused a few companies of filing groundless complaints and criticised EU antitrust regulators for listening to them and opening two investigations into its […]
June 16, 2020

Volkswagen invests extra $200 million in U.S. battery company QuantumScape

Volkswagen is increasing its stake in U.S. company QuantumScape by up to $200 million to boost the development of solid-state battery technology that aims to increase […]
June 16, 2020

Cerberus vows no let up in push for change at Commerzbank

Cerberus will use “alternative paths” to force leadership change at Commerzbank if it continues to resist calls to reform, the activist investor said in a letter […]
June 16, 2020

Fed’s Powell set to reiterate long U.S. economic recovery, call for more fiscal support

Federal Reserve Chair Jerome Powell on Tuesday begins the first of two days of testimony before U.S. lawmakers in which he will map out how the […]
June 16, 2020

Stimulus splurge restarts stocks rally

The global stocks rally was back on track on Tuesday, with more support from the Federal Reserve and the Bank of Japan helping end a bumpy […]
June 16, 2020

SoftBank-backed ride-hailing firm Grab cuts staff to cope with virus impact

Southeast Asian ride-hailing and payments firm Grab said on Tuesday it would lay off more than 300 employees due to the impact of novel coronavirus, in […]
June 16, 2020

Exclusive: Tencent aims to become biggest shareholder of video streaming rival iQIYI – sources

Tencent Holdings Ltd aims to become the biggest shareholder in video streaming rival iQIYI Inc , said two people familiar with the matter, to lower costs […]
June 16, 2020

Oil prices edge higher as supply cut hopes outweigh coronavirus resurgence fears

Oil prices made marginal gains on Tuesday, reversing out of earlier losses, as hopes for further cuts in crude supplies took the sting out of concerns […]
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