Business
UK Secures Agreement With Japan On First Post-Brexit Trade Deal
Britain secured its first big postBrexit trade deal on Friday, an agreement with Japan which it hailed as "historic" as it struggles to agree on trade with its closest trading partners in the European Union.
Oil Falls On U.S. Market Slide, Surprise Inventories Rise
Oil prices fell for a second day and were on track for a second weekly fall after U.S. stock markets tumbled and U.S. stockpiles rose unexpectedly.
Rio Tinto Bows To Pressure Over Cave Blast As CEO, Executives Exit
Rio Tinto parted ways with its chief executive and two deputies on Friday, bowing to a shareholder outcry over the destruction of two significant Aboriginal rockshelters and what was seen as the miner's inadequate initial response.
Gold Slips From One-week Peak As Stronger Dollar Weighs
Gold prices fell on Friday as the U.S. dollar rebounded, but the precious metal was on track for a weekly gain underpinned by worries over a global economic recovery from the coronavirusled slump.
Shares Struggle To Shake Off Bearish Mood As U.S. Tech Giants Fall Anew
Asian shares struggled to stem a bearish mood on Friday after U.S. big tech firm shares fell again overnight on growing doubts about U.S. stimulus and worries about their stretched valuations.
Changing Tack: Windpower Breezes Back Into Shipping With Swedish Venture
A Swedish consortium aims to launch commercially by 2025 a winddriven car carrier that will emit 90% less carbon dioxide than a conventional rollon/rolloff (RoRo) cargo ship, it said on Thursday.
Japan Firms Want Suga To Become Next PM, Tackle Fiscal Reform : Reuters Poll
A majority of Japanese firms want top government spokesman Yoshihide Suga to become the next prime minister as many see no need to change the status quo on stimulus policy at least until the coronavirus crisis ends, a Reuters poll found.
Asian Markets Set For Decline Again As U.S. Tech Stocks Falter
Asian markets were expected to fall on Friday in response to declines in technology stocks that began last week and growing concerns about another round of negotiations on the UK's departure from the European Union.
Gold Jumps As Dollar Retreats Post U.S. Jobs Data, ECB Decision
Gold rose to its highest level on over week on Thursday, as the dollar retreated on weakerthanexpected U.S. jobless claims data and as the European Central Bank (ECB) kept its policy unchanged.
U.S. Weekly Jobless Claims Stuck At Higher Levels
The number of Americans filing new claims for unemployment benefits hovered at high levels last week, strengthening views that the labor market was settling into a more gradual path of recovery from the COVID19 pandemic.
India Prices Hit 1-1/2-year Peak As Virus Strains Export Logistics
Rice export prices in top hub India rose to their highest in nearly 18 months this week as supplies remained constrained due to pandemicinduced disruptions, while Bangladesh may have to import the staple after natural calamities damaged crops.
Gold Hits One-week High On Dollar Weakness; ECB Meet In Focus
Gold steadied near a oneweek high on Thursday as the dollar weakened, but the yellow metal traded in a narrow $8 range as investors held large bets ahead of the European Central Bank's monetary policy decision due later in the day.
Exclusive: Boeing To Face Independent Ethics Probe Over Lunar Lander Bid - Document
Boeing Co is submitting to an independent review of its compliance and ethics practices, according to an agreement struck with NASA and the U.S. Air Force and seen by Reuters, part of widening fallout from its behavior in bidding to supply lunar landing v...
Walmart To Test Drone Delivery Of Grocery, Household Items
Walmart Inc said on Wednesday it would run a pilot project for delivery of grocery and household products through automated drones, along with endtoend delivery firm Flytrex, as the U.S. retailer looks to beef up its delivery business.
Global Markets: Equities Rebound After Three-session Nasdaq Sell-off
Global equity benchmarks rebounded and the dollar dipped on Wednesday after a sharp selloff in U.S. tech stocks that erased more than 10% from the Nasdaq Composite Index in three days.
Second Wave Of Floating Storage Triggered By Ailing Oil Market
A stalled global economic recovery from the coronavirus pandemic is leading to a fresh buildup of global oil supplies, pushing traders including Trafigura to book tankers to store millions of barrels of crude oil and refined fuels at sea again.