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China"s Ucar, in which Luckin chairman is top shareholder, halts shares

China's Ucar Inc, in which Luckin Coffee Chairman Charles Zhengyao Lu is the biggest shareholder, suspended trading of its shares on Tuesday after regulators questioned the car service provider about how the alleged fraud at Luckin would impact it......»»

Category: topSource: REUTERS1 hr. 11 min. ago Related News

Oil rises 3% on hopes for output cut as coronavirus ravages demand

Oil prices gained on Tuesday as hopes rose that the world's biggest producers of crude will agree to cut output as the coronavirus pandemic crushes demand, even as analysts warn a global recession may be deeper than expected......»»

Category: topSource: REUTERS1 hr. 11 min. ago Related News

France"s Thales withdraws final dividend, suspends outlook

France's Thales on Tuesday became the latest major company to slash its dividend, suspend profit guidance and top up liquidity in response to the coronavirus crisis......»»

Category: topSource: REUTERS1 hr. 11 min. ago Related News

Asian shares cautiously gain on virus hopes, dollar slips

Asian stock markets rallied for a second day on Tuesday, and riskier currencies rose, buoyed by tentative signs the coronavirus crisis may be levelling off in New York and receding in Europe......»»

Category: topSource: REUTERS2 hr. 41 min. ago Related News

UPS employee dies of COVID-19 infection in Kentucky

A United Parcel Service Inc worker employed in Kentucky died over the weekend from a COVID-19 infection, Gov. Andy Beshear said at a public health briefing on Monday......»»

Category: topSource: REUTERS2 hr. 41 min. ago Related News

Outbreak shows signs of leveling off in New York, New Jersey, but vigilance urged

The governors of New York, New Jersey and Louisiana pointed to tentative signs on Monday that the coronavirus outbreak may be starting to plateau in their states but warned against complacency as the death toll nationwide approached 11,000......»»

Category: topSource: REUTERS2 hr. 41 min. ago Related News

Cemex resumes Mexico operations after brief pause due to coronavirus

Mexican cement company Cemex said on Monday it would resume operations in the country, hours after announcing a pause, as fresh guidelines from the government permitted such a move......»»

Category: topSource: REUTERS2 hr. 41 min. ago Related News

Toshiba should sell stake in ex-chip unit at IPO, says HK activist fund in letter

A Hong .....»»

Category: topSource: REUTERS2 hr. 41 min. ago Related News

Wall St soars on hopes of slowing coronavirus deaths

U.S. stocks rocketed .....»»

Category: videoSource: REUTERS4 hr. 41 min. ago Related News

Samsung Electronics beats first-quarter estimates, braces for bigger blow from coronavirus

Samsung Electronics Co Ltd said on Tuesday its first-quarter operating profit likely managed to rise slightly from a slump a year earlier, as solid chip sales helped cushion the blow from the coronavirus pandemic on smartphones and TVs......»»

Category: topSource: REUTERS5 hr. 26 min. ago Related News

Oil gains as hopes rise for production cut amid coronavirus outbreak

Oil rose on Tuesday amid hopes that the world's biggest producers of crude will agree to curtail production as the coronavirus pandemic ravages the global economy, even as analysts cautioned the cuts may do little to boost demand......»»

Category: topSource: REUTERS6 hr. 26 min. ago Related News

Trump says OPEC has not asked him for a U.S. oil production cut

President Donald Trump said on Monday that OPEC had not pressed him to ask U.S. oil producers to reduce their output to support global prices, which have been hard-hit by the economic fallout of the coronavirus pandemic......»»

Category: topSource: REUTERS6 hr. 41 min. ago Related News

Asian shares poised to climb after Wall Street rallies

Asian markets looked poised on Tuesday to attempt another day of gains after stocks rallied on signs of a slowdown in coronavirus-related deaths, as oil prices resumed their decline on doubts about a potential Saudi-Russian pact to cut output......»»

Category: topSource: REUTERS6 hr. 41 min. ago Related News

Samsung Electronics says first-quarter profit likely rose 3%, beating estimates

Samsung Electronics Co Ltd said on Tuesday its first-quarter operating profit likely rose 3% from a year earlier, slightly beating analysts' forecasts as chip sales helped cushion the blow from the coronavirus pandemic on smartphones and TVs......»»

Category: topSource: REUTERS6 hr. 41 min. ago Related News

Vigilance urged as outbreak shows signs of leveling off in New York, New Jersey

Governors of .....»»

Category: topSource: REUTERS6 hr. 41 min. ago Related News

Allstate to return $600 million in auto premiums as coronavirus cuts driving

Allstate Corp , one of the largest U.S. auto insurers, said on Monday it would return more than $600 million in premiums to customers as many Americans drive less due to stay-at-home orders aimed at curbing the coronavirus outbreak......»»

Category: topSource: REUTERS7 hr. 56 min. ago Related News

Hit by coronavirus, Fiat Chrysler, Peugeot seek to boost cash before merger

With their sales hammered by the coronavirus outbreak, car makers Fiat Chrysler and Peugeot's owner PSA have postponed their shareholder meetings and are looking at ways to boost cash reserves ahead of their planned merger......»»

Category: topSource: REUTERS7 hr. 56 min. ago Related News

Alaska warned U.S. government its largest regional airline was on verge of collapse: letter

Alaska's congressional delegation warned U.S. Treasury Secretary Steven Mnuchin last week that many of its airlines, including its largest regional carrier, RavnAir Group, were on the verge of collapse, according to a letter seen by Reuters......»»

Category: topSource: REUTERS7 hr. 56 min. ago Related News

Wall Street soars on hopes of slowing coronavirus deaths

U.S. stocks rocketed higher on Monday, with each of the major indexes rallying at least 7%, after a fall in the daily death toll in New York, the country's biggest coronavirus hot spot, fueled optimism a leveling off of the pandemic was on the horizon......»»

Category: topSource: REUTERS8 hr. 56 min. ago Related News

Lufthansa to discuss permanently grounding Germanwings: sources

Lufthansa will discuss permanently grounding its Germanwings low-cost airline unit at a management board meeting on Tuesday, two sources familiar with the matter told Reuters......»»

Category: topSource: REUTERS8 hr. 56 min. ago Related News