Business Stories from May 18, 2020 (Change date)
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Germany, France propose recovery fund for pandemic-hit EUMay 18, 2020 11:30 am - BERLIN (AP) - Germany and France jointly proposed a 500 billion-euro ($543 billion) recovery fund Monday to boost European economies hit by the coronavirus pandemic. In ...
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U.S. restriction on chipmakers deals critical blow to HuaweiMay 18, 2020 5:30 am - HONG KONG (AP) - The latest U.S. sanctions on tech giant Huawei threaten to devastate the company and escalate a feud with China that could disrupt technology industries...
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Alibaba's Jack Ma quits board of Japan's struggling SoftBankMay 18, 2020 11:41 am - TOKYO (AP) - Chinese billionaire Jack Ma is stepping down from the board of SoftBank Group Corp., as the Japanese technology company struggles over its risky investments...
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SoftBank racks up losses as Vision Fund investments plungeMay 18, 2020 4:30 am - TOKYO (AP) - Japanese technology company SoftBank Group Corp. racked up a loss of 961.6 billion yen ($9 billion) for the fiscal year through March, on red ink related to...
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Closing prices for crude oil, gold and other commoditiesMay 18, 2020 3:00 pm - Benchmark U.S. crude oil for June delivery rose $2.39, or 8.1%, to settle at $31.82 a barrel Monday. Brent crude oil for July delivery rose $2.31, or 7.1% to $34.81 a ba...
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Business, government operate under new rules, market ralliesMay 18, 2020 5:31 pm - The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to national and global respon...
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Powell says Fed will name borrowers, will use all its toolsMay 18, 2020 4:30 pm - WASHINGTON (AP) - Federal Reserve Chair Jerome Powell is pledging to reveal the names and other details of the entities that borrow from the emergency programs the centr...
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Japan's growth drops amid pandemic, worse times likely aheadMay 18, 2020 4:00 am - TOKYO (AP) - Japan plunged into recession in the first quarter as the coronavirus pandemic battered manufacturing, exports and spending, and economists expect worse dama...
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JC Penney plans to close more than 240 storesMay 19, 2020 8:09 am - NEW YORK (AP) - J.C. Penney will permanently close nearly 30% of its 846 stores as part of a restructuring under bankruptcy protection. The Plano, Texas, retailer said ...
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Asian Americans lead in internet-based TV use, study showsMay 18, 2020 12:00 pm - Asian Americans, more than any other group, are using digital devices and streaming services for their television viewing, according to a report made public Monday. The ...
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