Oil prices fell around 2% on Thursday as a spike in new coronavirus cases in China and the United States renewed fears that people would stay home, stalling a recovery in fuel demand even as lockdowns ease.

from Reuters: Business News https://ift.tt/3ej0PPC

Asian stocks were set to dip on Thursday after a choppy Wall Street session as spiking coronavirus cases and prospects of new lockdowns erased earlier confidence about a global economic recovery.

from Reuters: Business News https://ift.tt/3ecni0z

Australia's consumer watchdog said on Thursday it had concerns that Alphabet Inc-owned Google's planned $2.1 billion acquisition of fitness tracker company Fitbit may hinder competition in digital advertising and health markets.

from Reuters: Business News https://ift.tt/2Ye6ReJ

Proxy-adviser Glass Lewis has urged Tesla Inc investors to vote against re-electing chairwoman Robyn Denholm to the company's board due to an arrangement with Elon Musk that raises corporate governance concerns, Bloomberg reported on Wednesday.

from Reuters: Business News https://ift.tt/2N9CFuU

Oil prices fell more than 1% in early trade on Thursday as a spike in new coronavirus cases in China and the United States renewed fears that people would stay home and stall a recovery in fuel demand even as lockdowns ease.

from Reuters: Business News https://ift.tt/2CjCQBB

Australia's consumer watchdog on Thursday raised initial competition concerns over Alphabet Inc-owned Google's $2.1 billion bid for fitness tracker company Fitbit .

from Reuters: Business News https://ift.tt/2Nah5GB

The dollar held onto gains on Thursday as growing concerns about a rise in coronavirus cases underpinned safe-haven demand for the U.S. currency.

from Reuters: Business News https://ift.tt/3d8GZVD

Asian stocks were set to dip on Thursday after a choppy Wall Street session as spiking coronavirus cases and prospects of new lockdowns erased earlier confidence about a global economic recovery.

from Reuters: Business News https://ift.tt/2N6PiGX

The dollar held firm against many of its rivals on Wednesday after U.S. retail sales jumped far more than expected in May, while risk-sensitive currencies were hobbled by concerns about the coronavirus and diplomatic tensions in Asia.

from Reuters: Business News https://ift.tt/3e7bpJm

Oil prices retreated on Wednesday, weighed down by an increase in U.S. crude inventories and worries about a potential second wave of the coronavirus pandemic.

from Reuters: Business News https://ift.tt/2Ci6cAt

Asian stocks were set to climb on Wednesday after another late Wall Street surge in response to upbeat trial results for a COVID-19 treatment and data showing U.S. consumers spent big in May.

from Reuters: Business News https://ift.tt/2Y4YEcC

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."

from Reuters: Business News https://ift.tt/3hu1FLj

U.S. FAA chief Steve Dickson will tell a Senate committee at a hearing on Wednesday that transparency is key to restoring public trust in the agency and planemaker Boeing Co in the wake of fatal 737 MAX crashes, according to a copy of his written testimony seen by Reuters.

from Reuters: Business News https://ift.tt/37yv3eM