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- Oil refineries, offshore drillers face hurricane challenges amid pandemicon June 4, 2020 at 5:35 am
As oil and gas companies began shutting offshore production before the first tropical storm of the season in the U.S. Gulf of Mexico, experts said restarting wells and refineries will take longer and prove more costly this year because of COVID-19.
- U.S. court blocks sales of Bayer's dicamba herbicideon June 4, 2020 at 5:27 am
German agrochemicals group Bayer AG has been blocked from selling its dicamba herbicide in the United States after an appeals court rejected a federal regulator's permit for the product.
- Oil prices fall on doubts over output cuts, surging U.S. diesel inventorieson June 4, 2020 at 5:14 am
Oil prices dropped on Thursday, reversing gains in the previous session, on concern over whether major crude producers will be able to agree to extend record output cuts, heightened by worries over a huge build in U.S. distillate inventories.
- U.S. airlines gain final approval to drop services to 75 domestic airportson June 4, 2020 at 5:13 am
Fifteen U.S. airlines were granted final government approval on Wednesday to temporarily halt service to 75 domestic airports as travel demand has been crushed due to the coronavirus pandemic.
- South Korea seeks arrest of Samsung heir in succession probeon June 4, 2020 at 4:45 am
South Korean prosecutors have requested an arrest warrant against Samsung Group heir Jay Y. Lee, they said on Thursday, in the investigation of a controversial 2015 merger and alleged accounting fraud in a suspected bid to aid his succession plans.
- HSBC, StanChart shares rise in Hong Kong after backing China security lawon June 4, 2020 at 4:40 am
Hong Kong-listed shares of HSBC and Standard Chartered rose on Thursday after the banks backed China's imposition of a national security law on the city, even as a pro-democracy and newly formed financial workers' union criticized the move.
- U.S. new weekly jobless claims seen falling below 2 millionon June 4, 2020 at 4:10 am
The number of Americans filing for unemployment benefits likely 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.
- Shell plastics plant Trump touted faces oversupply risks: energy institute reporton June 4, 2020 at 4:08 am
A massive Pennsylvania plastics project that President Donald Trump touted during a visit last year faces risks of oversupply and a low price outlook for the materials, a report by an institute that examines energy issues said on Thursday.
- Amid pandemic, investors bet on India's Jio and its giant-killer playbookon June 4, 2020 at 3:58 am
From its Silicon Valley-like campus near Mumbai, Indian billionaire Mukesh Ambani's Jio telecom carrier is emerging as a winner from changes in the way Indian consumers plug into a digital economy made more urgent by the coronavirus pandemic.
- Asian shares hit two-month high as economic optimism spreadson June 4, 2020 at 3:05 am
Asian shares rose to a two-month high on Thursday as government stimulus expectations supported investor confidence in an economic recovery from the global coronavirus pandemic.