Wall Street closes higher as Fed soothes recovery worries

Wall Street closed higher on Monday following an announcement by the U.S. Federal Reserve regarding its corporate bond purchasing program that boosted investor confidence, which had been wavering amid a spike in new COVID-19 cases.

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Men accused of helping ex-Nissan boss flee Japan challenge U.S. extradition case

Lawyers for the former Green Beret and son wanted by Japan for helping former Nissan Motor Co boss Carlos Ghosn flee the country on Monday argued U.S. authorities wrongly arrested them for aiding a crime that they say does not exist in Japan: bail jumping.

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Japan wants manufacturing back from China, but breaking up supply chains is hard to do

When Japanese firm Iris Ohyama agreed in April to begin producing much-needed face masks in Japan, it marked a win for Prime Minister Shinzo Abe who wants to bring manufacturing back from China.

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Fed eases terms of Main Street loans, says registration will begin soon

The U.S. Federal Reserve eased the terms of its "Main Street" lending program on Monday, cutting the minimum loan size in half to $250,000 and lengthening the term by a year to encourage more businesses and banks to participate.

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Facebook's Zuckerberg says to review content policies after facing backlash over Trump posts

Facebook Inc is looking at improving the social network's content policies, while building products to advance racial justice, Chief Executive Officer Mark Zuckerberg said on Friday in response to the ongoing protests in the United States.

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Hewlett Packard Enterprise lays out $1 billion savings plan, pay cuts

Hewlett Packard Enterprise on Thursday unveiled a plan targeting gross savings of at least $1 billion (817.5 million pounds) by 2022 and cut the base salaries of top executives by 25% as the software maker seeks to weather the coronavirus crisis.

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Asia shares set for early gains as focus swings to recovery

Asian shares were poised to open higher on Thursday after global equities and crude prices rallied overnight on hopes of a rapid economic recovery and government support.

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In cash-rich Japan, a fifth of firms now see risk of insufficient capital

One in five Japanese companies are worried they may not have sufficient capital if the coronavirus crisis persists, a Reuters poll showed on Thursday, underscoring how even some of the world's biggest cash-hoarding firms are bracing for prolonged pain.

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Mastercard to allow staff to work from home until COVID-19 vaccine hits market - exec

Mastercard Inc will not ask staff to return to its worldwide corporate offices until a vaccine is available for the sometimes fatal coronavirus that has infected the globe, a senior executive told Reuters on Wednesday.

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Trump floats halt to U.S. cattle imports as pandemic hurts ranchers

President Donald Trump said on Tuesday the United States should consider terminating trade deals under which it imports cattle as he looks to help U.S. ranchers hit hard by the coronavirus outbreak.

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Johnson & Johnson to stop selling talc-based baby powder in U.S. and Canada

Johnson & Johnson on Tuesday announced that it would stop selling its talc-based Johnson's Baby Powder in the United States and Canada, making the decision after a consumer products "portfolio reassessment related to COVID-19."

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'All my dreams are shattered' - coronavirus crushes Asia’s garment industry

Zarchi Lwin pawned her only two gold bangles for $140 when the owner of the Myanmar factory where she sewed winter coats for British retailer Next Plc shut it down after orders dried up due to the coronavirus.

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Factbox: Fashion brands cut orders with Asian garment makers

As stores closed across Europe and the United States in March and April in response to the new coronavirus, many fashion brands and retailers cancelled orders for clothes, bags, and shoes worth billions of dollars from Asian garment factories, forcing them to close and lay off hundreds of thousands of workers.

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