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Reuters Company News
Jun 18, 2020

UPDATE 1-Facebook takes down Trump ads over 'organized hate' policy
Facebook Inc said on Thursday it took down posts and ads run by the re-election campaign of U.S. President Donald Trump for violating its policy against organized hate.

Reuters Company News
Jun 18, 2020

Canada's Co-op Refinery reaches tentative deal with Unifor to end labor dispute
Co-op Refinery Complex (CRC), western Canada's third-largest oil refinery, said on Thursday it reached a tentative deal with the country's largest private sector union, potentially ending a months-long labor dispute.

Reuters Company News
Jun 18, 2020

UPDATE 1-Hertz seeks bankruptcy loan after suspending stock sale - WSJ
Hertz Global Holdings Inc is in talks for a bankruptcy loan of up to $1 billion to fund its business reorganization after suspending its plan to sell new shares, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Reuters Company News
Jun 18, 2020

UPDATE 1-Tesla wants to start building a new U.S. vehicle plant this summer
Electric vehicle maker Tesla Inc wants to start building a large vehicle assembly plant in the southwestern United States as early as the third quarter of this year, the company told Texas officials in documents made public this week.

Reuters Company News
Jun 18, 2020

Semiconductor manufacturers reach deal to supply U.S. defense chips
Globalfoundries and SkyWater Technology have reached a deal to supply semiconductor chips to the U.S. defense industry and work on new technology, the companies said on Thursday, as the industry moves toward more U.S. manufacturing.

Reuters Company News
Jun 18, 2020

US STOCKS-Wall Street oscillates amid COVID-19 spikes, muted data
* Indexes mixed: Dow dips 0.52%, S&P off 0.27%, Nasdaq flat (Updates to late afternoon, changes dateline, byline)

Reuters Company News
Jun 18, 2020

UPDATE 3-U.S. House panel hears from Facebook, Google, Twitter on election security
Top officials from Facebook, Google and Twitter were grilled by U.S. lawmakers on Thursday at a virtual hearing on foreign influence and election security ahead of the Nov. 3 presidential contest.

Reuters Company News
Jun 18, 2020

Hertz seeks bankruptcy loan after suspending stock sale - WSJ
Hertz Global Holdings Inc is in talks for a bankruptcy loan of up to $1 billion to fund its business reorganization after suspending its plan to sell new shares, the Wall Street Journal reported on Thursday. (https://on.wsj.com/3fCTqL7)

Reuters Company News
Jun 18, 2020

Facebook takes down certain posts, ads from Trump re-election campaign
Facebook Inc said on Thursday it took down certain posts and advertisements from U.S. President Donald Trump and Vice President Mike Pence related to their re-election campaign, due to violation of the social network's policy against organized hate. (Reporting by Ayanti Bera and Elizabeth Culliford; Editing by Shounak Dasgupta)

Reuters Company News
Jun 18, 2020

UPDATE 4-Lloyd's of London to pay for 'shameful' Atlantic slave trade role
* Greene King pub chain apologises for founder's role (Adds Bank of England apology)

Reuters Company News
Jun 18, 2020

UPDATE 3-Robinhood trading app back online after major outage
Robinhood Markets Inc, the fintech startup credited with helping popularize trading with millennials, said on Thursday it resolved an issue that had caused a "major outage" on its platform earlier in the day.

Reuters Company News
Jun 18, 2020

Tesla wants to start building a new U.S. vehicle plant this summer
Electric vehicle maker Tesla Inc wants to start building a new and large vehicle assembly plant in the southwestern United States as early as the third quarter of this year, the company told Texas officials in documents made public this week.

Reuters Company News
Jun 18, 2020

US STOCKS-S&P 500 muted as virus cases rise, jobless claims weigh
* Indexes mixed: Dow dips 0.25%, S&P flat, Nasdaq up 0.17% (Updates to early afternoon)

Reuters Company News
Jun 18, 2020

Corporate Canada joins travel industry's push to ease COVID-19 air curbs
A group of 27 leading executives added to calls for Canada to ease coronavirus-led air restrictions in a letter published in the country's Globe and Mail newspaper on Thursday.

Reuters Company News
Jun 18, 2020

UPDATE 5-UK ditches homegrown COVID-19 tracing app to use Google-Apple model
* Trial of app showed inaccuracies on Apple's iPhone (Updates with quotes from news conference)

Reuters Company News
Jun 18, 2020

LATAM Airlines says operations to plunge 50% by year´s end
LATAM Airlines Chief Executive Roberto Alvo said on Thursday he expects the region´s largest carrier to be operating at half of pre-pandemic levels by the end of 2020, and that a full recovery was unlikely for at least 3-4 years.

Reuters Company News
Jun 18, 2020

Ford's redesigned F-150 pickup will offer greater connectivity, sleeper seat
Ford Motor Co next week will show the next generation of its brawny F-150 pickup truck that offers a new sleeper-seat feature and over-the-air software updates in a machine Ford is counting on to help pay off coronavirus-related debts.

Reuters Company News
Jun 18, 2020

REFILE-UPDATE 2-Chanel warns virus impact will linger on luxury sector
The luxury industry will feel the fallout from the coronavirus crisis for the next two years if not longer, Chanel's chief financial officer said on Thursday, warning the French fashion label's 2020 revenues and profit would be significantly hit.

Reuters Company News
Jun 18, 2020

UPDATE 1-Robinhood trading app experiences trading outage
Robinhood Markets Inc, the fintech startup credited with helping popularize trading with millennials, said on Thursday it was experiencing a "major outage" in equities and options trading, as well as "degraded performance" in cryptocurrency trading.

Reuters Company News
Jun 18, 2020

France's top court rejects core of law targeting online hate speech
France's top court rejected most of a draft law that would have compelled social media giants such as Facebook and Twitter to remove any hateful content within 24 hours, it said on Thursday.

Reuters Company News
Jun 18, 2020

U.S. House panel hears from Facebook, Google, Twitter on election security
Top officials from Facebook Inc, Alphabet Inc's Google and Twitter Inc appeared remotely before U.S. lawmakers on Thursday at a virtual hearing on foreign influence and election security.

Reuters Company News
Jun 18, 2020

Portugal pushes ahead with plans for state-owned development bank
Portugal's government approved on Thursday plans to create a state-owned development bank to channel funds into certain companies and sectors to bolster the economy.

Reuters Company News
Jun 18, 2020

Robinhood says experiencing major trading outage
Robinhood Markets Inc, the fintech startup credited with helping popularize trading with millennials, said on Thursday it was experiencing a "major outage" in equities and options trading, as well as "degraded performance" in cryptocurrency trading.

Reuters Company News
Jun 18, 2020

UPDATE 1-Facebook sues individuals for offering to extract data, gather likes
Facebook Inc said on Thursday it filed lawsuits against individuals in Europe and the United States for abusing its platforms to offer automated tools for scraping users' personal data and gathering likes.

Reuters Company News
Jun 18, 2020

UPDATE 2-European shares end lower on second wave concerns
* Zalando jumps as pandemic boosts online shopping (Adds comments; updates prices to closes)

Reuters Company News
Jun 18, 2020

UPDATE 2-Kroger says demand easing after coronavirus stockpiling
U.S. supermarket chain Kroger Co stopped short of raising its annual forecasts on Thursday, saying a coronavirus-driven surge in demand for essential goods was fading as American households reconsider what they have on their shelves.

Reuters Company News
Jun 18, 2020

Startup led by ex-Goldman Sachs HR chief launches diversity and inclusion index
Eskalera, a technology startup led by Goldman Sachs former human resources head Dane Holmes, has launched an index to measure corporate diversity and inclusiveness, the firm said on Thursday.

Reuters Company News
Jun 18, 2020

US STOCKS-S&P 500, Dow muted as virus cases rise, jobless claims weigh
* Indexes: Dow flat, S&P up 0.16%, Nasdaq rises 0.47% (Adds quote, details; updates prices)

Reuters Company News
Jun 18, 2020

Bombardier CEO says rail deal with Alstom remains on track
Bombardier's chief executive told shareholders at its annual general meeting on Thursday that a deal to sell its rail division to France's Alstom SA remains "pretty much on track to our original timeline."

Reuters Company News
Jun 18, 2020

Development banks double down on Latin America as bank loans slump
NEW YORK, June 18 (LPC) - Global development banks are mobilizing billions of US dollars in capital to fund initiatives in Latin America as commercial bank lending slumps throughout the region, which is grappling with a spike in coronavirus cases and a severe dip in projected economic performance.

Reuters Company News
Jun 18, 2020

UPDATE 2-Colgate reviewing Chinese toothpaste brand Darlie amid debate on racial inequality
Colgate-Palmolive on Thursday said it was working to review and evolve its Chinese toothpaste brand, Darlie, the latest in a string of brand reassessments amid a U.S. debate on racial inequality.

Reuters Company News
Jun 18, 2020

UPDATE 1-Amazon and Valentino file joint lawsuit over shoe counterfeiting
Italian luxury brand Valentino and Internet giant Amazon have filed a joint lawsuit against New York-based Kaitlyn Pan Group for allegedly counterfeiting Valentino shoes and offering them for sale online.

Reuters Company News
Jun 18, 2020

UPDATE 2-Deutsche Bank to pay $10 mln over spoofing charges, reporting failures -CFTC
Deutsche Bank AG will pay more than $10 million to settle federal court charges of market manipulation and of alleged violations of data reporting obligations, the U.S. Commodity Futures Trading Commission said on Thursday.

Reuters Company News
Jun 18, 2020

UPDATE 4-UK ditches COVID-19 app model to use Google-Apple system
* Trial of app showed inaccuracies on Apple's iPhone (Adds quote, details)

Reuters Company News
Jun 18, 2020

Facebook sues individuals for unauthorized use of automation tools
Facebook Inc said on Thursday it filed lawsuits against individuals in Europe and the United States for abusing its platforms by using unauthorized automation software.

Reuters Company News
Jun 18, 2020

Canada firms developing voluntary mobile testing app for coronavirus - PM Trudeau
Canadian firms such as Shopify Inc and Blackberry Ltd have helped develop a mobile contact testing app for the novel coronavirus, Prime Minister Justin Trudeau said on Thursday.

Reuters Company News
Jun 18, 2020

Johnson & Johnson in talks with governments on possible COVID-19 vaccine
Johnson & Johnson is in talks with multiple governments and global organisations as it seeks to develop a COVID-19 vaccine, it said on Thursday after Reuters reported that the U.S. company is in talks over a potential EU supply deal.

Reuters Company News
Jun 18, 2020

TREASURIES-Yields fall as coronavirus spread dents risk appetite
U.S. Treasury yields fell on Thursday after cases of the novel coronavirus rose in several U.S. states, raising concerns that the economy may not bounce back as quickly as hoped. Several U.S. states reported a surge in new coronavirus infections on Wednesday and the daily count of infections also hit a new benchmark in California and Texas. Around 400 workers also tested positive for the virus at an

Reuters Company News
Jun 18, 2020

CORRECTED (OFFICIAL)-UPDATE 2-Chanel warns virus impact will linger on luxury sector
The luxury industry will feel the fallout from the coronavirus crisis for the next two years if not longer, Chanel's chief financial officer said on Thursday, warning the French fashion label's 2020 revenues and profit would be significantly hit.

Reuters Company News
Jun 18, 2020

UPDATE 1-DC superheroes coming to your headphones as Spotify signs podcast deal
Podcasts featuring Batman, Wonder Woman and Superman will soon stream on Spotify as the Swedish music streaming company has signed a deal with AT&T Inc's Warner Bros and DC Entertainment.

Reuters Company News
Jun 18, 2020

US STOCKS-S&P 500, Dow dip on rising virus cases, elevated jobless claims
* Indexes: Dow dips 0.45%, S&P off 0.15, Nasdaq up 0.17% (Updates to open)

Reuters Company News
Jun 18, 2020

CANADA STOCKS-TSX falls on second virus wave fears, dismal trade data
Canada's main stock index fell on Thursday as a rise in coronavirus cases in some U.S. states and China dampened hopes of a swift economic recovery, with poor domestic trade data further denting sentiment.

Reuters Company News
Jun 18, 2020

EMERGING MARKETS-Latam Assets retreat, Brazil's real drops after rate cut
Brazil's real sank on Thursday after a widely expected interest rate cut, while concerns over a resurgence in COVID-19 cases kept broader Latin American markets off balance. The real fell more than 1% after the Monetary Policy Committee cut rates further into record-low territory overnight while ind

Reuters Company News
Jun 18, 2020

UPDATE 3-Lloyd's of London to pay for 'shameful' Atlantic slave trade role
* Greene King pub chain apologises for founder's role (Adds detail on Barclays, City of London Corporation)

Reuters Company News
Jun 18, 2020

Thyssenkrupp's elevator division set for multi-billion euro debt issue - sources
Thyssenkrupp's elevator division is set to launch a multi-billion euro high-yield debt package in the coming weeks to help finance its acquisition by a private equity consortium, four sources close to the matter told Reuters.

Reuters Company News
Jun 18, 2020

Amazon, Valentino file joint lawsuit over shoes counterfeiting
Italian luxury brand Valentino and Internet giant Amazon have filed a joint lawsuit against New York-based Kaitlyn Pan Group for allegedly counterfeiting Valentino's shoes and offering them for sale online.

Reuters Company News
Jun 18, 2020

UPDATE 3-UK ditches COVID-19 app model to use Google-Apple system
* Trial of app showed inaccuracies on Apple's iPhone (Recasts with confirmation)

Reuters Company News
Jun 18, 2020

U.S. in talks with Japan after Aegis Ashore missile defense system suspension: official
The United States is in talks with Japan about its concerns with U.S.-made Aegis Ashore air defense radar stations, a senior U.S. official said on Thursday, after Tokyo suspended plans to deploy two of them.

Reuters Company News
Jun 18, 2020

Vans, not glamorous, but key as EU weighs autos mega-merger
Their silhouettes don't stir dreams of adventure like a sports car or trendy SUV, but vans are a rare source of profit for European carmakers, which is why EU regulators are focused on them as they decide whether to back an industry mega-merger.

Reuters Company News
Jun 18, 2020

Brazil cenbank expects private sector asset purchase rules soon - director
Brazil's central bank expects regulations governing the potential purchase of private sector securities to be released soon, and any such buying will be to ensure smooth market functioning, central bank director Bruno Serra said on Thursday.

Reuters Company News
Jun 18, 2020

UPDATE 1-Colgate reviewing Chinese toothpaste brand Darlie amid debate on racial inequality
Colgate-Palmolive on Thursday said it was working to review and evolve its Chinese toothpaste brand, Darlie, the latest in a string of brand reassessments amid a U.S. debate on racial inequality.

Reuters Company News
Jun 18, 2020

DC superheroes coming to your headphones as Spotify signs podcast deal
Podcasts featuring Batman, Wonder Woman and Superman will soon stream on Spotify as the Swedish music streaming company has signed a deal with AT&T Inc's Warner Bros and DC Entertainment.

Reuters Company News
Jun 18, 2020

CANADA STOCKS-TSX opens lower as coronavirus cases rise
Canada's main stock index opened lower on Thursday, with fear over a rise in the number of coronavirus cases souring sentiment even as U.S. weekly jobless claims indicated signs of an economic recovery.

Reuters Company News
Jun 18, 2020

Government to double support for hard-coal plant retrofits-sources
Germany is planning to more than double incentives to retrofit hardcoal-fired power plants, coalition sources told Reuters on Thursday, as part of the country's effort to cut pollution.

Reuters Company News
Jun 18, 2020

UPDATE 4-Europe threatens digital taxes without global deal, after U.S. quits talks
* Europeans say big digital firms don't pay enough tax (Adds comment by OECD and Italy)

Reuters Company News
Jun 18, 2020

US STOCKS SNAPSHOT-Wall Street opens lower on rising virus cases, elevated jobless claims
U.S. stocks fell at the open on Thursday as an uptick in COVID-19 infections in the United States threatened to upend bets of a swift economic recovery, with data showing weekly jobless claims remained elevated amid a second wave of layoffs.

Reuters Company News
Jun 18, 2020

Germany wants to rescue talks with U.S. on digital services tax
Germany wants to rescue talks with the United States on how to tax big digital firms such as Google, Amazon and Facebook, the finance ministry said on Thursday after Washington pulled out of the negotiations.

Reuters Company News
Jun 18, 2020

Brazilian travel company CVC asks for creditors waiver- filing
Brazilian travel company CVC will ask local bondholders in a meeting on July 3 for a waiver from its creditors for the delay in payments.

Reuters Company News
Jun 18, 2020

GRAPHIC-Cash flows into U.S. growth funds surge, value funds see outflows
U.S. investors have ramped up investments in growth funds over the past few months on expectations of higher returns and safety, while they dumped value funds despite cheaper prices after this year's pandemic-linked selloff.

Reuters Company News
Jun 18, 2020

UK to use Google-Apple model for tracing app in U-turn - BBC
The British government will abandon the centralised model of its coronavirus test-and-trace app and switch to one based on technology provided by Apple and Google, the BBC reported on Thursday.

Reuters Company News
Jun 18, 2020

Vale to resume ops at Voisey's Bay in Canada -filing
Brazilian miner Vale SA plans to resume operations next month at its Voisey's Bay mine in Canada, the company said in a securities filing on Thursday.

Reuters Company News
Jun 18, 2020

GLOBAL MARKETS-World stocks drift lower as second wave virus fears mount
Global stocks drifted lower on Thursday as an increase in new coronavirus cases in some U.S. states and China crushed hopes of a swift world economic comeback from the pandemic.

Reuters Company News
Jun 18, 2020

UPDATE 2-Carnival sees more pain after posting $4.4 bln loss
Carnival Corp reported a record $4.4 billion in quarterly losses on Thursday, as the COVID-19 pandemic crippled the world's biggest cruise operator and forced it to take major write-downs on the disposal of now redundant ships.

Reuters Company News
Jun 18, 2020

UPDATE 1-Kroger expects to top 2020 outlook, beats estimates for profit, sales
Kroger Co said it expects to exceed its 2020 outlook for same-store sales and profit after beating Wall Street expectations for quarterly results on Thursday, as the U.S. supermarket chain benefited from consumers stocking up on essentials during the coronavirus lockdowns.

Reuters Company News
Jun 18, 2020

RPT-FOCUS-Air maintenance firms, manufacturers plan for $60 billion in lost sales
Maintenance firms and spare parts producers who keep airplanes running are bracing for a decline of up to 75% in sales this year - and more pain to follow - as airlines park or retire thousands of aircraft due to the coronavirus pandemic.

Reuters Company News
Jun 18, 2020

Activist investor Snow Park calls on Front Yard to liquidate -letter
Activist investor Snow Park Capital Partners is urging Front Yard Residential Corporation's board to liquidate the real estate company, arguing this is the best plan following a scuttled merger deal that sent its shares tumbling last month.

Reuters Company News
Jun 18, 2020

UPDATE 1-WHO says looking at interim trial data on HIV drugs to treat COVID-19
Large multi-country trials of the combination HIV drug lopinavir/ritonavir to treat COVID-19 have recruited thousands of patients and the World Health Organization is now looking at interim data, the UN agency's chief scientist said on Thursday.

Reuters Company News
Jun 18, 2020

India tells two state firms not to use China telecoms gear, source says
India has told two state-run telecoms firms to use locally-made rather than Chinese telecom equipment to upgrade their mobile networks to 4G, a senior government source said on Thursday.

Reuters Company News
Jun 18, 2020

Kroger expects to top 2020 outlook, posts 57% growth in quarterly profit
Kroger Co said on Thursday it expects to exceed its 2020 outlook after posting a 57% jump in quarterly profit, as the U.S. supermarket chain benefits from consumers stockpiling groceries and other essentials due to the COVID-19 pandemic.

Reuters Company News
Jun 18, 2020

Wells Fargo investment adviser to sell feeder fund platform to iCapital
Wells Fargo & Co said on Thursday its investment adviser Wells Fargo Investment Institute will sell its feeder fund platform to fintech firm iCapital Network for an undisclosed amount.

Reuters Company News
Jun 18, 2020

CANADA STOCKS-TSX futures inch up as oil prices rise
Canada's main stock index futures inched up on Thursday as oil prices rose, while fears of a second wave of coronavirus cases in major economies held back a sharper rise.

Reuters Company News
Jun 18, 2020

Russian supplier of titanium for Boeing and Airbus may suspend output in September
VSMPO-Avisma, one of the world's largest producers of titanium for Boeing and Airbus, is considering temporary suspension of production in September if business does not improve, its acting chief executive said.

Reuters Company News
Jun 18, 2020

Britain approves spending of 3.5 billion pounds on railway bailout
Britain has so far approved spending of 3.5 billion pounds ($4.38 billion) to keep its railways running during the coronavirus pandemic, the government said on Thursday.

Reuters Company News
Jun 18, 2020

Indonesia sees oil and gas 2021 gross revenue at $18.7-$22.31 bln -SKK Migas
Indonesia expects gross revenue from oil and gas to fall to between $18.7 billion to $22.31 billion next year, the chairman of upstream oil and gas regulator SKK Migas told parliament on Thursday.

Reuters Company News
Jun 18, 2020

UPDATE 1-Norway does not plan deeper oil output cut after OPEC move
Norway is not planning to deepen its oil output cuts after a decision by the OPEC group to prolong its own production cut, the Nordic country's energy minister said on Thursday.

Reuters Company News
Jun 18, 2020

UPDATE 2-Roche rheumatoid arthritis drug fails to help COVID-19 patients in Italian study
* Actemra sales rose 30% in Q1 on pandemic demand (Adds reference to Italy's drugs regulator starting in 2nd paragraph, background on trials of similar drugs)

Reuters Company News
Jun 18, 2020

US STOCKS-Futures drift lower ahead of jobless claims data
Futures tracking the S&P 500 and Dow indexes edged lower on Thursday as caution over an uptick in COVID-19 infections in parts of the United States and China weighed on the mood ahead of a weekly jobless claims report.

Reuters Company News
Jun 18, 2020

U.S.-China tech war bigger risk than coronavirus, EU chamber chief says
The coronavirus has disrupted supply chains and demand across the global economy, but it is the prospect of Europe becoming a casualty in the U.S.-China tech war that keeps the president of the European Chamber in China "awake at night".

Reuters Company News
Jun 18, 2020

Carnival posts $4.4 bln quarterly loss
Carnival Corp reported a quarterly net loss of $4.4 billion on Thursday after the COVID-19 pandemic brought its cruise business to an effective standstill.

Reuters Company News
Jun 18, 2020

UPDATE 2-Europe threatens digital taxes without global deal, after U.S. quits talks
* Europeans say big digital firms don't pay enough tax (Adds EU, Spanish and British comments, details)

Reuters Company News
Jun 18, 2020

Deutsche Post sees Amazon dependence falling as online booms
German logistics group Deutsche Post AG said its dependence on Amazon is falling as the coronavirus crisis prompts a big rise in parcel shipments by other customers which it expects to continue in the second half of 2020.

Reuters Company News
Jun 18, 2020

Deals of the day-Mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Thursday:

Reuters Company News
Jun 18, 2020

Automakers rev up U.S. assembly lines, wary of outside risks to workers
Automakers are speeding up U.S. assembly lines to meet recovering demand, increasingly confident coronavirus safety protocols are working to prevent outbreaks in their plants but wary of the challenges workers face outside.

Reuters Company News
Jun 18, 2020

Ford to offer hands-free driving in 2021 - six years after Tesla
Ford Motor Co said on Thursday that it will offer hands-free driving on its new Mustang Mach-E in fall 2021, six years after Tesla Inc and four years after General Motors Co introduced similar systems.

Reuters Company News
Jun 18, 2020

KKR to buy Dutch vacation park operator Roompot
U.S. private equity firm KKR said on Thursday it had reached an agreement to buy Dutch vacation parks firm Roompot for an undisclosed sum.

Reuters Company News
Jun 18, 2020

UPDATE 1-JPMorgan gets China's nod for first fully foreign-owned futures business
China on Thursday approved JPMorgan's application to operate the first fully foreign-owned futures business, as the world's second-largest economy pushes ahead with opening its multi-trillion-dollar financial market.

Reuters Company News
Jun 18, 2020

British oil major BP raises nearly $12 billion in hybrid bonds issue
British oil major BP Plc has raised $11.9 billion in debt through an issue of hybrid bonds in multiple currencies, a spokeswoman told Reuters in an emailed statement, as the company seeks to take advantage of low interest rates to fortify its balance sheet.

Reuters Company News
Jun 18, 2020

Level Europe, part of IAG, intends to file for insolvency
Level Europe, an Austrian low-cost short-haul airline which is part of the parent group of British Airways, IAG, said in a statement on Thursday that it intends to file for insolvency.

Reuters Company News
Jun 18, 2020

Facebook to share privacy report to new board committee, FTC
Facebook Inc said on Thursday it would now share the report on its privacy practices to a newly formed committee on its board following its settlement with the U.S. Federal Trade Commission over data privacy probe.

Reuters Company News
Jun 18, 2020

Zambia mining revenues drop 30% due to COVID-19, Chamber of Mines says
Mining companies in Zambia, Africa's No.2 copper producer, have suffered a 30% drop in revenue over the three months to April due to the COVID-19 pandemic and the fallout could last for at least 12 months, the Chamber of Mines said on Thursday.

Reuters Company News
Jun 18, 2020

SNB's Jordan says SNB is not manipulating currencies to get trade advantage
The Swiss National Bank's policy of negative interest rates and currency interventions has nothing to do with currency manipulation to benefit Switzerland, Chairman Thomas Jordan said on Thursday.

Reuters Company News
Jun 18, 2020

Some business travel to Thailand may resume next month, official says
Thailand could allow inbound international travel to resume next month for business purposes, the aviation regulator said on Thursday, as the country seeks to revive an economy hit badly by the impacts of the coronavirus and global travel curbs.

Reuters Company News
Jun 18, 2020

RPT-Swiss National Bank needs loose policy until inflation returns
The Swiss National Bank needs to keep its expansive monetary policy in place, Chairman Thomas Jordan said on Thursday, pointing to the economic damage caused by the coronavirus pandemic and lowered inflation forecasts.

Reuters Company News
Jun 18, 2020

Spain will not accept threats over digital tax - govt spokeswoman
Spain and its European allies will not accept any threats over a proposed tax on internet giants' revenues, government spokeswoman Maria Jesus Montero said on Thursday, a day after Washington decided to pull out of talks on the matter.

Reuters Company News
Jun 18, 2020

UPDATE 2-Norway's interest rates on hold, outlook stronger
* Cut three times since COVID-19 lockdown begun in March (Adds analysts, detail, bullet points)

Reuters Company News
Jun 18, 2020

UPDATE 1-Rosatom, Framatome, GE team up for Bulgarian nuclear tender
Russia's state nuclear company Rosatom said on Thursday it has teamed up with France's Framatome and GE Steam Power from the United States to bid in a tender to build Bulgaria's Belene nuclear power plant project.

Reuters Company News
Jun 18, 2020

EU ready to go it alone on taxation of digital firms
The European Union is ready to go it alone with taxing digital services of firms like Google, Amazon, Facebook or Apple if there is no global deal on such a tax this year, European Economic Commissioner Paolo Gentiloni said on Thursday.

Reuters Company News
Jun 18, 2020

UPDATE 1-European shares pull back as second wave concerns rise
* Siemens Gamesa falls on CEO change, warning of loss (Adds comments, details, updates prices)

Reuters Company News
Jun 18, 2020

EMERGING MARKETS-Stocks, forex muted; Turkish equities propped up by Turkcell
Equities and currencies in the developing world were muted on Thursday as support from sustained stimulus measures to revive economic growth was countered by a resurgence in COVID-19 cases.

Reuters Company News
Jun 18, 2020

UPDATE 2-Chevron puts stake in Australia's North West Shelf LNG on the block
* Infrastructure players likely interested, analysts say (Adds analyst, operator Woodside comments)

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