Exclusive: U.S. to allow companies to work with Huawei on standards – sources
The U.S. will amend its prohibitions on U.S. companies doing business with China’s Huawei to allow them to work together in standards settings for next generation 5G networks, according to people familiar with the matter.
Explainer: How Fed’s Main Street program compares to other small business pandemic aid
The Federal Reserve on Monday launched its latest life raft for U.S. businesses hurt by the coronavirus pandemic.
U.S. Federal Reserve resumes normal bank exams
The U.S. Federal Reserve announced Monday it was resuming its normal bank examination activities, after easing back at the outset of the coronavirus pandemic.
Amazon CEO Bezos willing to testify before U.S. Congress: letter
Amazon.com Inc Chief Executive Jeff Bezos is willing to testify to a congressional panel investigating potential violations of U.S. antitrust law by big technology companies, according to a letter from an attorney representing Amazon.
Mnuchin will discuss PPP oversight with Congress after criticism
U.S. Treasury Secretary Steven Mnuchin said on Monday he would talk to Congress about proper oversight of $660 billion in small business economic relief, after previously resisting calls to reveal who received the funds.
Exclusive: BlackRock injects $18 billion into European firms during pandemic – source
The world’s biggest asset manager BlackRock has pumped about 16 billion euros ($18 billion) into 810 European companies since the end of January, more than half of them in distress due to the coronavirus pandemic, a source with direct knowledge of the…
Embraer’s commercial aviation chief departs after failed Boeing deal
Planemaker Embraer SA said on Monday that the head of its commercial aviation unit, John Slattery, was leaving the company to become chief executive of aircraft engine-maker GE Aviation , weeks after a $4.2 billion deal with Boeing collapsed.
U.S. crude drops as coronavirus cases spike globally
Oil prices fell on Monday as new coronavirus infections hit the United States and China, feeding worries that renewed lockdowns could hamper economic recovery and dent fuel demand.
Stocks, oil slide on fears of second pandemic
Fears of a second wave of COVID-19 infections rocked world markets on Monday, knocking down oil prices and a gauge of global equity performance more than 2% at one point, as investors grappled with how to assess the economic recovery.
Wall Street gripped by fears of fresh virus wave
U.S. stocks dropped on Monday after a spike in new coronavirus cases in China and parts of the United States dampened hopes of a swift economic recovery that had driven a sharp rise in Wall Street’s main indexes over the past month.
