Business

LONDON (Reuters) – Oil prices ticked up on Thursday after U.S. oil product stocks shrank, providing bulls with ammunition ahead of a meeting between OPEC producers and their allies to discuss their future output strategy. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas,

A Copa Airlines plane sits in the tarmac is pictured at Tocumen International Airport after the Panamanian government restricted flights in recent days due to the coronavirus disease outbreak (COVID-19), in Panama City, Panama March 18, 2020. REUTERS/Erick Marciscano (Reuters) – The U.S. Transportation Department said on Wednesday it had fined Panama’s Copa Airlines (CPA.N)

LONDON (Reuters) – The dollar was little changed on Wednesday after U.S. retail sales rose more than expected in May, although caution kept investors from aggressively buying riskier currencies like the Australian dollar. FILE PHOTO: U.S. Dollar banknotes are seen in this photo illustration taken February 12, 2018. REUTERS/Jose Luis Gonzalez/Illustration/File Photo U.S. Federal Reserve

FILE PHOTO: People walk past a Huawei shop, amid an outbreak of the coronavirus disease (COVID-19), in Beijing, China, May 18, 2020. REUTERS/Thomas Peter (Reuters) – The U.S. Department of Commerce on Tuesday posted a new rule that allows U.S. companies to work with China’s Huawei to develop standards for 5G and other cutting-edge technologies,

FILE PHOTO: People wait for the start of Grab’s fifth anniversary news conference in Singapore June 6, 2017. REUTERS/Edgar Su SINGAPORE (Reuters) – Southeast Asian ride-hailing and payments firm Grab said on Tuesday it will lay off more than 300 employees due to the impact of novel coronavirus, in the latest setback to major backer

NEW YORK (Reuters) – Oil prices rose more than 2% on Monday as signs that fuel demand was recovering, while OPEC+ members were complying with a production cut deal, outweighed fears that new coronavirus infections could further slow the global economy. FILE PHOTO: The sun is seen behind a crude oil pump jack in the

FILE PHOTO: A company logo is pictured at the headquarters of Germany’s Commerzbank AG during the annual results news conference in Frankfurt, Germany, February 13, 2020. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – Commerzbank (CBKG.DE) will announce “considerably” more branch closures and job cuts when it lays out its strategy review in August, a member of the

FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks at the Commonwealth Club in San Francisco, U.S., October 11, 2019. REUTERS/Ann Saphir WASHINGTON (Reuters) – Systemic racism and high unemployment levels among black and Hispanic Americans create a drag on the U.S. economy, Dallas Federal Reserve President Robert Kaplan said on Sunday. “A more

NEW YORK (Reuters) – As the U.S. economy begins to emerge from the sharp slowdown during the coronavirus pandemic, some fund managers have been drawn to value stocks, a sector that underperformed during the recent rally. FILE PHOTO: Pedestrians walk past the New York Stock Exchange as the building opens for the first time since

(Reuters) – State investigators in both California and Washington are examining Amazon’s business practices, two newspapers reported, citing people familiar with the matter. FILE PHOTO: The logo of Amazon is seen in Lauwin-Planque, northern France, April 22, 2020. REUTERS/Pascal Rossignol The inquiries focus at least in part on how Amazon treats sellers in its online

FILE PHOTO: U.S. President Donald Trump signs the Paycheck Protection Program and Health Care Enhancement Act financial response to the coronavirus disease (COVID-19) outbreak, in the Oval Office at the White House in Washington, U.S. April 24, 2020. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – Federal authorities administering business payroll loans as part of U.S. coronavirus relief

NEW YORK (Reuters) – Oil was little changed on Friday and headed for a first weekly fall since April as new U.S. coronavirus cases spiked, stoking fears of a second wave of the virus hitting fuel demand. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France September 17, 2019. REUTERS/Christian

FILE PHOTO: A logo of CVS Health is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., December 5, 2017. REUTERS/Lucas Jackson (Reuters) – Drugstore chain CVS Health Corp (CVS.N) joined Walmart Inc (WMT.N) in announcing it will stop keeping beauty and

FILE PHOTO: Uber’s logo is pictured at its office in Bogota, Colombia, December 12, 2019. Picture taken December 12, 2019. REUTERS/Luisa Gonzalez/File Photo (Reuters) – Drivers working for ride-hailing services such as Uber Technologies Inc (UBER.N) and Lyft Inc (LYFT.O) will now be considered employees under California’s new gig worker law, the state’s public utilities

SINGAPORE/JAKARTA (Reuters) – Indonesian motorcycle taxi driver Aji chain-smokes and checks his smartphone constantly while waiting for orders by the roadside in downtown Jakarta on a hot June morning, but is staring at the prospect of another fruitless day. Loro Aji Sayekti, a 34 year-old Gojek motorbike taxi driver gestures as he chats with his

NEW YORK (Reuters) – The dollar slid to a three-month low and a gauge of global equities edged lower on Wednesday as investors awaited news at the end of a two-day meeting of the Federal Reserve and its plans to strengthen a nascent U.S. economic recovery. FILE PHOTO: Traders wear masks as they work on