August 18, 2020 (Reuters) – Oracle Corp has held preliminary talks with TikTok’s Chinese owner, ByteDance, and was seriously considering buying the app’s operations in the United States, Canada, Australia and New Zealand, the Financial Times newspaper reported on Monday. Oracle was working with some U.S. investors that already have […]
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Dollar nurses losses as selling pressure builds on several fronts
FILE PHOTO: A woman counts U.S. dollar bills at her home in Buenos Aires, Argentina August 28, 2018. REUTERS/Marcos Brindicci August 18, 2020 By Tom Westbrook and Eimi Yamamitsu SINGAPORE/Tokyo (Reuters) – The dollar extended its fall to hit fresh lows against a range of currencies on Tuesday, after a […]
Canadian Finance Minister Morneau resigns, says will seek top OECD job
FILE PHOTO: Canada’s Minister of Finance Bill Morneau presents an Economic and Fiscal Snapshot in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada July 8, 2020. REUTERS/Patrick Doyle August 18, 2020 By Steve Scherer and Julie Gordon OTTAWA (Reuters) – Canada’s finance minister resigned on Monday amid […]
Oil edges lower as suppliers try to hold line on output cuts
FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. Picture taken November 22, 2019. REUTERS/Angus Mordant August 18, 2020 By Aaron Sheldrick TOKYO (Reuters) – Oil prices held onto most of their overnight gains on […]
Former rival Sanders, Republican Kasich to back Biden at Democratic convention debut
Union demonstrators display inflatable animals outside the Wisconsin Center, the site of the Democratic National Convention (DNC), which will be a largely virtual event due to the coronavirus disease (COVID-19) outbreak, in Milwaukee, Wisconsin, U.S., August 17, 2020. REUTERS/Brian Snyder August 18, 2020 By John Whitesides WASHINGTON (Reuters) – Former […]
BHP profit hit by pandemic, warns growth cooling outside China
FILE PHOTO: A tonne of nickel powder made by BHP Group sits in a warehouse at its Nickel West division, south of Perth, Australia August 2, 2019. Picture taken August 2, 2019. REUTERS/Melanie Burton August 18, 2020 MELBOURNE (Reuters) – BHP Group on Tuesday said it expects most major world […]
Macau VIP casino industry out of luck as China cracks down on capital flows
August 17, 2020 By Farah Master HONG KONG (Reuters) – China’s move to stamp out online gambling to help contain capital outflows is hitting liquidity in Macau’s VIP segment, at a time when the world’s No. 1 gambling hub is hobbled by slowing economic growth, Sino-U.S. tensions and coronavirus lockdowns. […]
California rolling blackouts to hit more than 3 million
August 17, 2020 (Reuters) – A California heat wave will cause rolling blackouts on Monday as state power companies manage overwhelming demand by cutting off more than 3 million homes for about an hour at a time each, the state’s system operator said. The Independent System Operator (ISO) said it […]
Japan manufacturers’ gloom eases slightly but pandemic woes remain
August 17, 2020 By Daniel Leussink TOKYO (Reuters) – Japan’s manufacturers were their least pessimistic in four months in August, the Reuters Tankan survey of business sentiment showed on Tuesday, but signalled a slow recovery from the coronavirus pandemic. The reading highlights the immense task policymakers face to pull the […]
Uber to operate food delivery even if rides business forced shut in California
August 17, 2020 (Reuters) – Uber Technologies Inc <UBER.N> on Monday said it would continue operating its food delivery business Uber Eats even if its ride-hail business is forced shut in California at the end of this week following a court order. A company spokesman on Monday said that Uber’s […]