U.S. regulators open door to possible tightening of Huawei chip curb
U.S. regulators are open to making changes to close what some see as a loophole in a new rule aimed at curbing global chip sales to blacklisted Chinese telecoms equipment maker Huawei Technologies Ltd, two U.S. officials said on Wednesday.
Germany agrees on rescue package for Lufthansa: media
The German government has agreed on final details of a rescue package for airline carrier Lufthansa , media reported on Wednesday.
Ford shuts two U.S. assembly plants due to COVID-19 infections
Ford Motor Co on Wednesday closed two U.S. assembly plants as the coronavirus pandemic wreaked early havoc with the No. 2 U.S. automaker’s plan to restart North American production and begin making its most profitable vehicles again.
Four Democratic U.S. senators warn against Uber buying Grubhub
Four Democratic lawmakers, led by Senator Amy Klobuchar, wrote to antitrust enforcers on Wednesday to warn that plans by Uber Technologies Inc, owner of Uber Eats, to buy rival online food delivery company Grubhub Inc would “raise serious competition i…
U.S. travelers pick car rentals over flights for holidays: travel website Kayak
Travel website Kayak is seeing more demand for car rentals than air travel from customers looking to avoid crowds and stay closer to home as U.S. states reopen, Chief Executive Officer Steve Hafner told Reuters on Wednesday.
Northern Trust shutting fund; an outlier or sign of future risk?
Northern Trust Corp’s decision to liquidate a $1.8-billion prime money market fund was seen as an outlier event by industry analysts on Wednesday, but one that could portend more problems depending on how the economy fares.
Senate passes bill that could block Chinese firms from U.S. securities exchanges
The U.S. Senate passed legislation on Wednesday that could prevent some Chinese companies from listing their shares on U.S. exchanges unless they follow standards for U.S. audits and regulations.
At Fiat Chrysler’s Brazil plant, production resumes with safety checks
Before going to work these days, employees at the Brazilian unit of Fiat Chrysler Automobiles have to get a health check using a mobile app every morning.
Oil rises on lower U.S. stocks, firmer demand
Oil prices rallied on Wednesday after U.S. crude inventories fell in the most recent week, but gains were capped by worries over the economic fallout from the coronavirus pandemic and weak refining margins.
Stocks rally on reopening, stimulus hopes
The three major averages on Wall St were poised for their fourth gain in five session on Wednesday as investors again bet on a swift economic recovery from coronavirus-driven lockdowns and the potential for more stimulus measures from the Federal Reser…
