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Qatar Petroleum's $19 billion LNG vessel order boon for South Korean shipbuilders

South Korea's ailing shipbuilders have been thrown a lifeline in an increasingly tough market with a $19 billion order from Qatar Petroleum (QP) for liquefied natural gas (LNG) ships, analysts said on Tuesday.



5 years ago

Australia's Woolworths to reward over 100,000 staff with shares for virus efforts

Australia's biggest supermarket chain Woolworths Group said on Tuesday it will reward more than 100,000 of its staff with free company shares for their efforts during a period of upheaval amid bushfires and the coronavirus buying frenzy.



5 years ago

Qatar Petroleum's $19 bln LNG vessel order boon for S.Korean shipbuilders

South Korea's ailing shipbuilders have been thrown a lifeline in an increasingly tough market with a $19 billion order from Qatar Petroleum (QP) for liquefied natural gas (LNG) ships, analysts said on Tuesday.



5 years ago

Global shares cruise to three-month highs, dollar shows the strain

World stocks climbed towards three-month highs on Tuesday as the global coronavirus recovery effort won out over U.S.-China tensions and the worst civil unrest in the United States in decades.



5 years ago

China auto sales growth seen for second straight month, boosting recovery hopes

China's vehicle sales are estimated to rise 11.7% on year in May, its top auto industry body said on Tuesday, cementing hopes of a recovery in the world's biggest auto market with the first back to back monthly sales increase in about two years.



5 years ago

Oil prices rise before OPEC+ meeting about extending output cuts

Oil prices rose on Tuesday on expectations that major producers would agree to extend output cuts that have shored up prices, during a video conference likely to be held this week.



5 years ago

Embraer seeks business partners but not a repeat of the Boeing deal

The world's No. 3 planemaker Embraer is open to new business partners after Boeing Co ditched a $4.2 billion deal that was years in the making, the Brazilian company's chief executive told Reuters.



5 years ago

Stock futures hit three-month high on prospects of economic recovery

U.S. stock index futures hit a three-month high on Tuesday as hopes of a rebound from a coronavirus-led economic slump prevailed over fears of disruption from widespread protests over race in the country.



5 years ago

Exclusive: Winning bidder for Grindr has ties to Chinese owner

An investor group that got U.S. approval to buy Grindr Inc has financial and personal links to the dating app's current owner, China's Beijing Kunlun Tech Co Ltd , Reuters has found, in a possible departure from Washington’s national security policy on deals.



5 years ago

George Floyd protests recall earlier tensions, promises of economic change

In November 2015, the shooting death of Jamar Clark by Minneapolis police touched off a debate on race and economic inequality that challenged the city's progressive image and led local corporate leaders to back efforts at better sharing the spoils of a booming Midwestern state.



5 years ago

EU to rule on AMS's 4.6 billion euro bid for Osram by July 6

EU antitrust regulators will decide by July 6 whether to clear Austrian sensor maker AMS's 4.6 billion euro ($5.14 billion) bid for German lighting group Osram after a preliminary review, a European Commission filing showed on Monday.



5 years ago

Oil prices rise ahead of OPEC+ meeting on output cuts

Oil prices rose on Tuesday to near three-month highs on expectations that major producers would agree to extend output cuts that have shored up prices, during a video conference likely to be held this week.



5 years ago

Wall St. set for higher open on prospects of economic recovery

Wall Street's main indexes were set to hit fresh three-month highs on Tuesday as optimism over reopening businesses overshadowed fears of more disruptions from protests in the country over the death of a black man while in police custody.



5 years ago

Bank of America pledges $1 billion to address racial, economic inequality

Bank of America Corp said on Tuesday it is making a $1 billion, four-year commitment to help communities address economic and racial inequality exacerbated by the COVID-19 global pandemic.



5 years ago

Amid pandemic, crypto crime surges in first 5 months: CipherTrace

Crypto intelligence company CipherTrace, which started tracking cryptocurrency crime a few years ago, said it has started to see coronavirus-related frauds that require some form of digital currency payment.



5 years ago