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AstraZeneca eyes over two billion doses of potential COVID-19 vaccine after deals

Britain's AstraZeneca said on Thursday it would now be able to supply more than two billion doses of its potential coronavirus vaccine, thanks to a string of manufacturing deals including one with CEPI.
Tags: Money, businessNews, Britain, Astrazeneca


EBay raises forecasts on online boom, shares hit record high

EBay Inc raised its current-quarter revenue and profit forecasts on Thursday, as people stuck at home due to the COVID-19 pandemic ordered more through its online platform, sending its shares to a record high.
Tags: Money, Ebay, businessNews, EBay Inc


Tech stocks boost Nasdaq as recovery optimism prevails

A rally in tech shares drove the Nasdaq index higher on Thursday, with weekly jobless claims dipping below 2 million for the first time since mid-March bolstering optimism around an economic rebound from the coronavirus-driven slump.
Tags: Money, businessNews, Nasdaq


Global Markets: Equity rally pauses; European bonds rise on ECB stimulus

World equity markets dipped Thursday after a three-day rally and European government bonds edged higher as worse than expected U.S. economic data pointed to a long road to recovery from the coronavirus pandemic.
Tags: Money, businessNews, Ecb


U.S. jobless claims dip below 2 million, road to recovery rocky

The number of Americans filing for unemployment benefits dropped below 2 million last week for the first time since mid-March, but remains astonishingly high as companies adjust to an environment that has been significantly changed by COVID-19.
Tags: Money, businessNews


ECB sees big 2020 recession, partial rebound next year

The European Central Bank expects the euro zone to suffer a deep recession this year, with losses only partly made up in 2021 as pandemic-related restrictions weigh on output for an extended period.
Tags: Money, European Central Bank, businessNews, Ecb


Cost of UK response to COVID rises to 132.5 billion pounds - OBR

Britain's emergency spending and tax cuts to soften the economic hit from the coronavirus crisis are likely to cost 132.5 billion pounds ($166.1 billion), up about 7.5% from a previous estimate, the country's budget watchdog said on Thursday.
Tags: UK, Money, businessNews, Britain


OPEC+ may meet over oil cuts this week if laggards agree to comply - sources

OPEC+ oil producers could still hold a ministerial video conference this week if Iraq and others which have not fully complied with existing supply cuts agree to boost their adherence, three OPEC+ sources told Reuters on Thursday.
Tags: Money, Iraq, Opec, businessNews, Reuters


EBay raises current-quarter sales, profit forecast on higher demand

EBay Inc raised current-quarter revenue and profit forecast on Thursday, as people stuck at home due to the COVID-19 pandemic ordered more from the e-commerce platform, sending its shares up 10%.
Tags: Money, Ebay, businessNews, EBay Inc


Wall Street opens lower as rally loses steam

U.S. stocks opened lower on Thursday as a rally fueled by hopes of an economic rebound from a coronavirus-led downturn ran out of steam even with weekly jobless claims dipping below 2 million for the first time since mid-March.
Tags: Money, businessNews


U.S. trade deficit widens as exports hit 10-year low

The U.S. trade deficit surged in April as the COVID-19 pandemic upended the global flow of goods and services, pushing exports to a 10-year low.
Tags: Money, businessNews


ECB boosts pandemic stimulus to 1.35 trillion euros

The European Central Bank approved a bigger-than-expected expansion of its stimulus package on Thursday to prop up an economy plunged by the coronavirus pandemic into its worst recession since World War Two.
Tags: Money, European Central Bank, businessNews, Ecb


ECB gives ailing euro zone economy another shot of stimulus

The European Central Bank approved yet more stimulus on Thursday to prop up an economy plunged by the coronavirus pandemic into its biggest recession since World War Two.
Tags: Money, European Central Bank, businessNews, Ecb


ECB's super stimulus salvo sends global stocks, euro higher

World markets got another shot of energy on Thursday as the European Central Bank (ECB) ramped up its Pandemic Emergency Purchase Programme (PEPP) to 1.35 trillion euros.
Tags: Money, businessNews, Ecb, European Central Bank ECB, Pandemic Emergency Purchase Programme PEPP


Trump administration selects five coronavirus vaccine candidates as finalists - NYT

The Trump administration has selected five companies, including Moderna Inc, AstraZeneca Plc and Pfizer Inc, as the most likely candidates to produce a vaccine for the novel coronavirus, the New York Times reported on Wednesday, citing senior officials.
Tags: Money, businessNews, New York Times, Trump, Pfizer Inc, Moderna Inc AstraZeneca Plc


GSPC seeks LNG cargo for late June delivery - sources

India's Gujarat State Petroleum Corp (GSPC) is seeking a liquefied natural gas (LNG) cargo for delivery at the end of June, two market sources said on Thursday.
Tags: Money, India, businessNews, GSPC, Gujarat State Petroleum Corp GSPC


India HPCL to restart 70,000-bpd Vizag crude unit over weekend - source

India's Hindustan Petroleum Corp Ltd will restart a 70,000-barrels-per-day crude unit at its Vizag refinery over the weekend after a maintenance shutdown, a company source said.
Tags: Money, India, businessNews, Hindustan Petroleum Corp Ltd


U.S. new weekly jobless claims drop below 2 million

The number of Americans filing for unemployment benefits dropped below 2 million last week for the first time since mid-March, but remains astonishingly high as companies adjust to an environment that has been significantly changed by COVID-19.
Tags: Money, businessNews


HSBC, StanChart criticised for backing Hong Kong security law

Senior British politicians criticised HSBC and Standard Chartered on Thursday after the banks backed China's national security law for Hong Kong, in conflict with the British government's opposition to the proposed legislation.
Tags: Hong Kong, Money, China, businessNews, Hsbc, Standard Chartered


Germany finally splurges, but not without fresh criticism

Under pressure from its European peers for years to spend more, Germany has finally served up a bumper stimulus package financed with new debt, but Berlin's rediscovered love to splurge is causing fresh unease among its neighbours.
Tags: Money, Germany, Berlin, businessNews


Nifty, Sensex snap six days of gains as financials weigh

India shares snapped a more than 1,000-point rally over the last six sessions to close lower on Thursday, with losses in financials outweighing gains in information technology and metal stocks.
Tags: Money, India, businessNews


Tata Steel workers at Dutch plant vote to strike

Employees at Tata Steel's Dutch plant in IJmuiden on Thursday voted to go on strike over planned job cuts and the plant's further integration with Tata's British operations, labour union FNV said.
Tags: Money, businessNews, Tata Steel, Tata, IJmuiden, FNV


Exclusive: Amazon in talks to buy $2 billion stake in Bharti Airtel - sources

Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in mobile operator Bharti Airtel, three sources with knowledge of the matter told Reuters, underscoring the growing attraction of India's digital economy for U.S. tech giants.
Tags: Amazon, Money, India, businessNews, Reuters, Bharti Airtel


SBI to consider raising up to $1.5 billion

India's biggest lender, State Bank of India, said on Thursday its board will meet on June 11 to consider raising funds in single or multiple tranches of up to $1.5 billion.
Tags: Money, India, businessNews, SBI, State Bank of India


U.S. court blocks sales of Bayer's weed killer

German agrochemicals group Bayer AG has been blocked from selling its dicamba-based weed killer in the United States after an appeals court rejected a federal regulator's permit for the product.
Tags: Money, businessNews, United States, Bayer, Bayer AG


Pandemic raises hard questions for policymakers, Bank of England says

Markets have recovered their poise after bouts of extreme volatility in March caused by the coronavirus pandemic that left "hard questions" for policymakers to answer, a senior Bank of England official said on Thursday.
Tags: Money, Bank Of England, businessNews


Amazon in talks to buy $2 billion stake in Bharti Airtel: sources

Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in mobile operator Bharti Airtel, three sources with knowledge of the matter told Reuters, underscoring the growing attraction of India's digital economy for U.S. tech giants.
Tags: Amazon, Money, India, businessNews, Reuters, Bharti Airtel


German economy should reach pre-crisis level in H2 2022 - minister

German Economy Minister Peter Altmaier said on Thursday that his aim is for Europe's largest economy to return to pre-crisis levels in the second half of 2022.
Tags: Europe, Money, businessNews, Peter Altmaier


China's banking regulator says U.S. sanctions would not shake Hong Kong

Hong Kong's financial markets and currency peg with the U.S. dollar are stable and sanctions proposed by some U.S. politicians will not have a material impact, a spokesperson at the China Banking and Insurance Regulatory Commission said on Thursday.
Tags: Hong Kong, Money, China, businessNews, China Banking and Insurance Regulatory Commission


Global Markets: Rally pauses ahead of ECB stimulus plan

The rapid rally in world markets finally paused for breath on Thursday, as traders waited to hear how much more stimulus the European Central Bank plans to shovel out to address the coronavirus slump.
Tags: Money, European Central Bank, businessNews, Ecb