May 18, 2020

Oil and European shares rise as lockdowns ease; gold jumps

European stock markets rose on Monday and oil prices climbed to their highest in as much as two months as a loosening of coronavirus shutdowns boosted […]
May 18, 2020

SoftBank’s Vision Fund tumbles to $18 billion loss in ‘valley of coronavirus’

Japan’s SoftBank Group Corp reported a stunning $18 billion loss at its giant Vision Fund, pushing Masayoshi Son’s conglomerate to a record loss and highlighting the […]
May 18, 2020

SoftBank to raise over $11 billion for buybacks using Alibaba shares

Softbank Group will raise 1.25 trillion yen ($11.7 billion) using Alibaba stock to fund buybacks of its own shares, Chief Executive Masayoshi Son said on Monday. […]
May 18, 2020

Huawei calls U.S. move to curb chips supply ‘arbitrary’, expects business impact

Huawei Technologies in its first official response to the Trump administration’s move to curb its access to global chip supplies called it “arbitrary” and said its […]
May 18, 2020

Exclusive: U.S. probes PerkinElmer’s role in massive Medicare fraud – sources

Medical diagnostic firm PerkinElmer Inc faces a federal investigation into its role in an alleged Medicare fraud involving tens of thousands of unnecessary genetic cancer tests, […]
May 18, 2020

What did eight weeks and $3 trillion buy the U.S. in the fight against coronavirus?

Unemployment checks are flowing, $490 billion has been shipped to small businesses, and the U.S. Federal Reserve has put about $2.5 trillion and counting behind domestic […]
May 18, 2020

U.S. auto industry starts to return to life after lockdown

The U.S. auto industry slowly returned to life on Monday, with some vehicle assembly plants reopening after the coronavirus lockdown while suppliers geared up to support […]
May 18, 2020

Futures cheered by lifting of virus-related curbs

U.S. stock index futures surged on Monday with gains spread across stocks ranging from autos to oil as many of the hard-hit countries eased restrictions on […]
May 18, 2020

Tech firms sweeten deals for U.S. banks cutting costs in crisis

Top technology services firms are offering payment deferrals, discounts of up to 20% and other sweeteners to some U.S. banks to keep their business as the […]
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