The chief executive of U.S. oil giant Chevron Corp on Monday said the uncertainty of the COVID-19 pandemic has it planning for “choppy” oil prices and economic activity globally. Chevron…
Category: Business
Equity markets rebound on EU fund optimism; gold edges higher
Global equity markets rebounded on Monday on optimism the European Union would approve a recovery fund to help revive regional economies hit by the coronavirus, but worries about the pandemic’s…
Brazil will authorize payments system involving WhatsApp if rules are respected, central bank director says
Brazil’s central bank will authorize a payments system involving Facebook Inc’s (FB.O) WhatsApp messaging service, to send money and make payments via chats, as long as all rules are respected,…
SoftBank pulls investment from Credit Suisse funds
SoftBank (9984.T) has pulled a more than $500 million investment from Credit Suisse’s (CSGN.S) supply chain finance funds after the Swiss bank reviewed the funds including the Japanese conglomerate’s role,…
Euro hits highest level in over four months on EU recovery fund expectations
The euro climbed to its highest in more than four months against the dollar on Monday on hopes for an imminent agreement on a recovery fund for European Union economies…
Whole Foods punishes workers wearing Black Lives Matter face masks
Whole Foods Market was sued on Monday by employees who accused the upscale grocery chain of punishing workers who wear “Black Lives Matter” face masks on the job. The 14…
Tesla share rally propels some early fan investors to riches
Convinced of Tesla Inc’s (TSLA.O) imminent meteoric rise, Orestis Palampougioukis, a Netherlands-based software developer, took out a 43,000 euro ($49,000) loan in early October to invest it all in the…