Business

SEATTLE/CHICAGO/TRURO, Mass. (Reuters) – 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.” FILE PHOTO – Dozens of grounded Boeing 737 MAX aircraft are seen parked in an aerial
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NEW YORK/LONDON (Reuters) – A record rebound in U.S. retail sales, fresh support from the Federal Reserve and Bank of Japan, and upbeat trial results for a COVID-19 treatment boosted risk appetite on Tuesday, driving equity markets higher and strengthening the dollar. U.S. Treasury yields rose and demand for lower-rated southern European debt increased on
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LONDON (Reuters) – 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 few days for financial markets. FILE PHOTO: A man wearing a protective face mask walks past the London Stock Exchange Group building in the City of
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TOKYO (Reuters) – Oil prices dipped on Tuesday on jitters that a rise in coronavirus infections around the world could hurt fuel demand, but hopes that production cuts could be extended kept declines in check. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas,
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SYDNEY (Reuters) – Asian markets started the week on the backfoot on Monday while oil prices slipped as fears of a second wave of coronavirus infections in China sent investors scurrying for safe-havens. FILE PHOTO: A pedestrian wearing a face mask walks near an overpass with an electronic board showing stock information, following an outbreak
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(Reuters) – State investigators in both California and Washington are examining Amazon’s business practices, two newspapers reported, citing people familiar with the matter. FILE PHOTO: The logo of Amazon is seen in Lauwin-Planque, northern France, April 22, 2020. REUTERS/Pascal Rossignol The inquiries focus at least in part on how Amazon treats sellers in its online
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FILE PHOTO: Huawei Technologies Chief Financial Officer Meng Wanzhou leaves her home to attend a court hearing in Vancouver, British Columbia, Canada May 27, 2020. REUTERS/Jennifer Gauthier TORONTO (Reuters) – Canada’s intelligence agency warned that arresting the daughter of billionaire Huawei founder Ren Zheng would set off global “shock waves” and seriously affect ties with
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FILE PHOTO: Council of Economic Advisers Chairman Kevin Hassett speaks to reporters at the White House in Washington, U.S., April 11, 2019. REUTERS/Kevin Lamarque/File Photo WASHINGTON (Reuters) – A top White House economic adviser on Friday predicted an “increasing divergence” between states controlled by Republican governors and those led by Democrats, saying Republican “red” states
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FILE PHOTO: The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland Januar 22, 2020. REUTERS/Arnd Wiegmann (Reuters) – Palantir Technologies Inc is aiming to file confidentially with U.S. regulators to go public in the coming weeks, emboldened by the strong performance of other initial public offerings (IPOs), according to people familiar
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NEW YORK (Reuters) – The safe-haven Japanese yen and Swiss franc gained on Thursday while a gauge of global equity markets fell the most in seven weeks after the Federal Reserve’s sobering outlook cast doubt on hopes for a V-shaped recovery from the coronavirus pandemic. Stocks on Wall Street fell, a 10-day winning streak in
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FILE PHOTO: The logo of Nokia is seen before the company’s news conference in Espoo, Finland March 2, 2020. Lehtikuva/Markku Ulander via REUTERS (Reuters) – Finnish telecoms equipment maker Nokia (NOKIA.HE) named a new finance chief on Thursday, completing an overhaul of its top executive team as it battles rivals Ericsson (ERICb.ST) and Huawei [HWT.UL]
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FILE PHOTO: American Airlines passenger planes crowd a runway where they are parked due to flight reductions to slow the spread of coronavirus disease (COVID-19), at Tulsa International Airport in Tulsa, Oklahoma, U.S. March 23, 2020. REUTERS/Nick Oxford/File Photo CHICAGO (Reuters) – American Airlines Chief Executive Doug Parker said on Wednesday that he expects a
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LONDON (Reuters) – World stock markets hovered below three-month highs on Wednesday, while the dollar stumbled ahead of a meeting of the U.S. Federal Reserve. FILE PHOTO: A man wearing a protective face mask walks past the London Stock Exchange Group building in the City of London financial district, whilst British stocks tumble as investors
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FILE PHOTO: The Federal Communications Commission (FCC) logo is seen before the FCC Net Neutrality hearing in Washington February 26, 2015. REUTERS/Yuri Gripas/File Photo WASHINGTON (Reuters) – The U.S. Federal Communications Commission voted on Tuesday to adopt auction procedures to provide up to $16 billion to areas that lack broadband service, including nearly six million
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