Oil at highest since March on lower U.S. inventories, recovering demand
Global benchmark Brent rose on Thursday to its highest since March, supported by lower U.S. crude inventories, OPEC-led supply cuts and recovering demand as governments ease restrictions imposed on people’s movements due to the coronavirus crisis.
Lufthansa closes in on $10 billion state rescue deal
Lufthansa is in advanced talks over a 9 billion euros ($9.9 billion) state bailout that would see Germany take a 20% stake in its flagship airline, as countries battle to save an aviation industry hammered by the coronavirus pandemic.
Israeli anti-viral mask maker Sonovia eyes Nasdaq listing this year
Israel’s Sonovia Ltd, which makes washable and reusable anti-viral masks, is considering going public on Nasdaq by the end of this year, its chief technology officer said.
Japan to seek extradition of men arrested in U.S. over Ghosn escape
Japan said on Thursday it was working to secure the rapid extradition of two men arrested in the United States on charges of enabling the dramatic escape of former Nissan Motor Co boss Carlos Ghosn from the country.
SoftBank to sell $3.1 billion worth of Japan telco unit stake
SoftBank Group Corp said it plans to sell 5% of its domestic telco SoftBank Corp , currently worth $3.1 billion, as part of a programme to raise $41 billion through asset sales.
Softbank says it will sell 5% of domestic telco
SoftBank Group Corp said it plans to sell 5% of its domestic telco SoftBank Corp as part of its plan to raise $41 billion through asset sales.
JPMorgan plans to hire a dozen research analysts for China brokerage: sources
JPMorgan Chase & Co plans to hire at least 12 equity research analysts in China this year, two people with knowledge of the matter said, in its first major mainland hiring push as it takes advantage of eased ownership rules for financial firms.
Oil prices rise to highest since March after U.S. stock drawdown
Oil prices rose on Thursday to their highest since March, as a drawdown of U.S. crude inventories and output cuts by major producers helped ease concerns about a supply glut, offsetting fears over the economic fallout from the COVID-19 epidemic.
Asia shares tread lightly, await China policy meeting
Asian shares and Wall Street futures stepped back on Thursday as resurgent concerns about the long-term impact of the coronavirus outbreak offset some of this week’s earlier enthusiasm about economies re-opening.
Wanted: New head of WTO. Must thrive under global pressure and conflict
Against the backdrop of a global pandemic, steep recession, intensifying U.S-China tensions and rising protectionism, the WTO needs to name a leader. Only the resilient should apply.
