Oil prices rise ahead of OPEC+ meeting on output cuts
Oil prices rose on Tuesday to near three-month highs on expectations that major producers will agree to extend output cuts during a video conference likely to be held this week.
Stock futures hit three-month high on prospects of economic recovery
U.S. stock index futures hit a three-month high on Tuesday as hopes of a rebound from a coronavirus-led economic slump prevailed over fears of disruption from widespread protests over race in the country.
Exclusive: Winning bidder for Grindr has ties to Chinese owner
An investor group that got U.S. approval to buy Grindr Inc has financial and personal links to the dating app’s current owner, China’s Beijing Kunlun Tech Co Ltd , Reuters has found, in a possible departure from Washington’s national security policy on deals.
George Floyd protests recall earlier tensions, promises of economic change
In November 2015, the shooting death of Jamar Clark by Minneapolis police touched off a debate on race and economic inequality that challenged the city’s progressive image and led local corporate leaders to back efforts at better sharing the spoils of …
EU to rule on AMS’s 4.6 billion euro bid for Osram by July 6
EU antitrust regulators will decide by July 6 whether to clear Austrian sensor maker AMS’s 4.6 billion euro ($5.14 billion) bid for German lighting group Osram after a preliminary review, a European Commission filing showed on Monday.
Global shares cruise to three-month highs, dollar shows the strain
World stocks climbed to three-month highs on Tuesday as the global coronavirus recovery effort won out over U.S.-China tensions and the worst civil unrest in the United States in decades.
Qatar Petroleum’s $19 billion LNG vessel order boon for South Korean shipbuilders
South Korea’s ailing shipbuilders have been thrown a lifeline in an increasingly tough market with a $19 billion order from Qatar Petroleum (QP) for liquefied natural gas (LNG) ships, analysts said on Tuesday.
China auto sales growth seen for second straight month, boosting recovery hopes
China’s vehicle sales are estimated to rise 11.7% on year in May, its top auto industry body said on Tuesday, cementing hopes of a recovery in the world’s biggest auto market with the first back to back monthly sales increase in about two years.
Oil prices rise before OPEC+ meeting about extending output cuts
Oil prices rose on Tuesday on expectations that major producers would agree to extend output cuts that have shored up prices, during a video conference likely to be held this week.
Embraer seeks business partners but not a repeat of the Boeing deal
The world’s No. 3 planemaker Embraer is open to new business partners after Boeing Co ditched a $4.2 billion deal that was years in the making, the Brazilian company’s chief executive told Reuters.
