Business News
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Slowing virus, China stimulus hopes support stocks, yen nurses losses
SINGAPORE (Reuters) - Asian stocks edged up on Thursday, supported by a fall in coronavirus cases and expectations of more Chinese stimulus to offset the economic impact of the epidemic, while the Japanese yen nursed heavy losses after suffering its steepest drop in six months.
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Virgin Galactic looks like newest cult stock as short sellers dig in
SAN FRANCISCO (Reuters) - Wall Street's newest cult stock appears to be Richard Branson's Virgin Galactic Holdings Inc
, as investors drive shares of the space tourism company to sky-high levels and short sellers dig in their heels. -
Should Facebook, Google be liable for user posts? asks U.S. Attorney General Barr
WASHINGTON (Reuters) - U.S. Attorney General William Barr on Wednesday questioned whether Facebook, Google and other major online platforms still need the immunity from legal liability that has prevented them from being sued over material their users post.
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Boeing, crash victims' lawyers negotiate over access to 737 MAX documents
CHICAGO (Reuters) - Boeing Co and lawyers representing families of victims of a 737 MAX crash agreed in court on Wednesday to hold a conference call with U.S. government crash probe authorities over access to documents related to the now-grounded aircraft's design, development and two fatal disasters involving it.
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Manufacturers entangled in logistical nightmare as virus-hit China limps back to work
SHANGHAI/BANGKOK (Reuters) - Blocked highways. Stranded workers. Dwindling supplies. Shipping and air freight companies also hamstrung.
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U.S. meeting on Huawei, China policy still on for Thursday despite Trump tweets: sources
WASHINGTON (Reuters) - A meeting of U.S. government officials to discuss further curbs on exports to Huawei and China is still on for Thursday, two sources said, despite pushback from President Donald Trump against the restrictions.
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Google plans to move UK users' accounts outside EU jurisdiction
SAN FRANCISCO (Reuters) - Google is planning to move its British users' accounts out of the control of European Union privacy regulators, placing them under U.S. jurisdiction instead, the company confirmed late on Wednesday.
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French judges step up Ghosn probe over palace party, Oman dealings
PARIS (Reuters) - French prosecutors have stepped up their investigation into alleged misappropriation of funds at Renault by former boss Carlos Ghosn, saying a judge had now been assigned to the case to launch a formal investigation.
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Oil rises on supply worries, while virus-led demand concerns ease
SINGAPORE (Reuters) - Oil prices rose nearly 1% on Thursday, extending big gains from a day earlier, as the market worried about crude supply disruptions and demand concerns were cushioned after a sharp drop in new coronavirus cases at the epicenter of the outbreak.
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Fed policymakers cautiously optimistic on U.S. economy despite new risks, minutes show
WASHINGTON (Reuters) - Federal Reserve policymakers were cautiously optimistic about their ability to hold interest rates steady this year, minutes of the central bank's last policy meeting showed, even as they acknowledged new risks caused by the coronavirus outbreak.
