Huawei Technologies said on Monday that its business will be inevitably impacted by the latest U.S. move to restrict chip sales to the Chinese technology company, but it is confident of finding solutions soon.
Softbank Group will raise 1.25 trillion yen ($11.7 billion) using Alibaba stock to fund buybacks of its own shares, Chief Executive Masayoshi Son said on Monday.
Huawei Technologies in its first official response to the Trump administration's move to curb its access to global chip supplies called it "arbitrary" and said its business would be impacted.
Oil prices climbed by more than $1 a barrel on Monday, with benchmark Brent hitting a one-month high and U.S. crude topping $30 supported by optimism about the re-opening of economies and output cuts by major producers.
Japan's SoftBank Group Corp reported a stunning $18 billion loss at its giant Vision Fund, pushing Masayoshi Son's conglomerate to a record loss and highlighting the deepening crisis at its portfolio companies from the global downturn.
Britain and the United States are hopeful that negotiations for a trade agreement can proceed at an accelerated pace, Britain's department for trade said on Monday in an update on the talks after the first round concluded last week.
European stock markets rose on Monday and oil prices climbed to their highest in as much as two months as a loosening of coronavirus shutdowns boosted market sentiment, even though the deadly outbreak has yet to be fully contained.
Panasonic Corp's finance chief said the company is seeing strong demand for battery cells from U.S. partner Tesla and they are in talks to expand their joint plant in Nevada, which is now profitable.
Thyssenkrupp's powerful labor representatives are open to consolidation talks in the steel sector, a leading union official told Reuters on Monday.
Chris and Amy Hillyard opened their Oakland, California restaurant late last month for the first time since mid-March, thanks in large part to a government loan aimed at tiding over small firms during the worst of the coronavirus crisis.
German conglomerate Thyssenkrupp is in talks with international rivals about consolidating its loss-making steel business, a person familiar with the matter said.
Medical diagnostic firm PerkinElmer Inc faces a federal investigation into its role in an alleged Medicare fraud involving tens of thousands of unnecessary genetic cancer tests, according to three sources with knowledge of the probe and documents reviewed by Reuters.
The U.S. auto industry slowly returned to life on Monday, with some vehicle assembly plants reopening after the coronavirus lockdown while suppliers geared up to support a sector that employs nearly 1 million people.
U.S. stock index futures surged on Monday with gains spread across stocks ranging from autos to oil as many of the hard-hit countries eased restrictions on business and social activities, boosting hopes of a global economic recovery.
Top technology services firms are offering payment deferrals, discounts of up to 20% and other sweeteners to some U.S. banks to keep their business as the pandemic forces Wall Street to cut tech budgets, according to executives involved in the talks.