Oil prices see weekly loss on virus resurgence fears
Oil was little changed on Friday and logged a first weekly decline since April as new U.S. coronavirus cases spiked, stoking fears of a second wave of the virus hitting fuel...
Read MoreAuthor: Reuters
California examines Amazon’s business practices: WSJ
California investigators are examining Amazon.com Inc’s business practices as part of an inquiry into the company, the Wall Street Journal reported on Friday, citing people familiar with the...
Read MoreWorld shares modestly lower as investors mull coronavirus, recovery outlook
Global equity markets gave back earlier gains on Friday as concerns triggered by the U.S. Federal Reserve’s less-than-optimistic outlook for an economic recovery and a jump in U.S. coronavirus cases gave investors...
Read MoreVolkswagen, Audi on hold as Mexico’s Puebla state not ready to reopen
Mexico’s Puebla state, where German automaker Volkswagen and its luxury brand unit Audi have major plants, said it is not ready to reopen its automotive sector due to ongoing concerns about the spread of the...
Read MoreBankrupt car rental firm Hertz to offer up to $1 billion in shares
Car rental firm Hertz Global Holdings Inc said it would sell up to $1 billion in shares, cashing in on a huge speculative rise in its share price since filing for bankruptcy late last...
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