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Monday, June 01, 2020

Reuters Business News

Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
  1. Facebook, Snapchat join chorus of companies condemning George Floyd death, racism

    Facebook Inc and Snapchat developer Snap Inc became the latest U.S. companies condemning racial inequality in the United States as violent protests flared up across major cities over the death of George Floyd, an unarmed black man who died while in police custody in Minneapolis last week.
  2. U.S. manufacturing activity crawls off 11-year low

    U.S. manufacturing activity eased off an 11-year low in May, the strongest sign yet that the worst of the economic downturn was behind as businesses reopen, though the recovery from the COVID-19 crisis could take years because of high unemployment.
  3. China tells state firms to halt purchases of major U.S. farm products: sources

    China has told state-owned firms to halt purchases of soybeans and pork from the United States, two people familiar with the matter said, after Washington said it would eliminate special treatment for Hong Kong to punish Beijing.
  4. Nissan sees cost of quitting Barcelona at up to $1.7 billion, source says

    Nissan Motor Co has estimated the closure of its plants in Barcelona could cost up to around 1.5 billion euros ($1.7 billion), a union source told Reuters on Monday.
  5. Wall Street gains as recovery hopes overshadow U.S. protests

    Wall Street's major indexes rose on Monday as investors chose to look past violent protests across the country over racial inequality and focused more on economic data that bolstered views of a quick post-pandemic recovery.
  6. Oil steady; U.S.-China tensions weigh, possible output cuts support

    Oil futures steadied on Monday as rising U.S.-China tensions weighed on sentiment, but prices drew support from reports that OPEC and Russia were close to a deal extending output cuts.
  7. Coty names Chairman Harf as CEO to oversee turnaround

    Coty Inc said on Monday Peter Harf, chairman of both the company and its top investor JAB Holdings, would return as chief executive officer after nearly two decades to help the cosmetics maker revive its business amid the coronavirus crisis.
  8. Eli Lilly starts human study of potential COVID-19 antibody treatment

    Eli Lilly and Co said on Monday it had started an early-stage trial to test its potential treatment for COVID-19, in the world's first study of an antibody treatment against the disease.
  9. 'Lemon' or not, Trump stuck with Phase 1 China trade deal for now

    U.S. President Donald Trump has little choice but to stick with his Phase 1 China trade deal for now despite his anger at Beijing over the coronavirus pandemic, new Hong Kong security rules, and dwindling hopes China can meet U.S. goods purchase targets, people familiar with his administration's deliberations say.
  10. Major Aston Martin shareholder cuts stake in British carmaker

    A top Aston Martin shareholder cut its stake in the British carmaker by nearly 5%, a regulatory filing showed on Monday.
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