China Exports Post Unexpected Gain But Rebound Seen as Temporary

China’s exports unexpectedly rose in April aided by stronger shipments to South East Asia, though with the coronavirus pandemic damaging global demand that increase is likely to be temporary. Imports fell. Exports rose 3.5% in dollar terms in April from a year earlier, while imports dropped 14.2%, the customs administration said Thursday. That left a trade surplus of $45.3 billion […]

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Meat shortage pushes Kroger to limit beef, chicken, pork purchases at all stores

Nebraska Governor: Working with meat processors to assure employee coronavirus safety Nebraska Governor Pete Ricketts says meat processing plants in his state have provided plexiglass dividers, testing, and more to employees. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below Kroger, the largest supermarket chain in the U.S., has expanded […]

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Virgin Galactic stock price launched by NASA deal, spaceflight deposits

Fox Business Flash top headlines for May 5 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. More than 400 people have put down deposits for Virgin Galactic’s future spaceflights, representing more than $100 million in potential future business. Continue Reading Below The news helped launch the Richard Branson-founded aerospace company’s stock price up as much […]

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Gold's Gym files for bankruptcy protection, CEO assures bodybuilding chain isn't going out of business

Reopened Georgia gym works on easing coronavirus anxieties Bodyplex Fitness co-owner Mike Martino breaks down safety precautions the gym is taking upon reopening amid coronavirus. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below Gold’s Gym filed for Chapter 11 bankruptcy Monday after temporarily closing facilities during the coronavirus pandemic. […]

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Alexion will buy Portola Pharmaceuticals for $1.4B

New York hospitals testing heartburn drug Pepcid as potential coronavirus treatment Johns Hopkins School of Public Health Professor Dr. Marty Makary provides insight into Pepcid as a possible coronavirus treatment, antibody testing and which businesses can best function safely during a pandemic. The drug company Alexion Pharmaceuticals announced Tuesday that it would spend $1.4 billion to acquire Portola Pharmaceuticals, which […]

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Stocks Climb With U.S. Futures on Easing Lockdowns: Markets Wrap

In this article European stocks rose alongside U.S. equity futures on Tuesday, with sentiment buoyed as more economies moved toward easing their coronavirus lockdowns. Oil gained for a fifth day, on course for its longest winning streak in nine months. Almost every sector climbed as the Stoxx Europe 600 advanced after slumping a day earlier and missing out on a […]

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Rupee plunges 71 paise to 75.80 against U.S. dollar in early trade

Traders said the weakness in the local unit was largely due to heavy correction in domestic equities and strengthening of the U.S. dollar. The rupee depreciated 71 paise to 75.80 against the U.S. dollar in opening trade on Monday tracking selloff in domestic equities and strengthening American currency overseas. The rupee opened weak at 75.70 at the interbank forex market […]

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Oil Falls on Ample Supply as Investors Shun Near-Term Contracts

Oil declined in Asia on signs producers delivered ample supply into the market last month, and as investors continued to cut their exposure to nearer-term contracts. Futures in New York fell as much as 6.5%, after gaining 17% last week. OPEC+’s pledge to trim supply by 9.7 million barrels a day took effect May 1, but the bloc’s production surged […]

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Businesses struggle to rehire workers as states reopen

New York (CNN Business)US stock futures dipped Sunday evening as the country heads into another week of uncertainty, with investors trying to understand the scale of the the economic crisis caused by coronavirus and wondering when the economy will be able to reopen successfully. Dow (INDU) futures dropped 346 points, or 1.5%. S&P 500 (SPX) futures also fell 1.5%, and […]

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S. African Treasury’s Masondo Backs Central Bank Bond Purchases

Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter South African Deputy Finance Minister David Masondo says he would support direct central bank purchases of government debt to help fund measures to contain the spread of the coronavirus. “The capacity of our government to raise revenue from tax and borrowing is highly limited,” Masondo said in […]

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