LONDON (Reuters) – BP (BP.L) agreed to sell its global petrochemicals business to billionaire Jim Ratcliffe’s Ineos for $ 5 billion, leaving a sector widely seen as a key driver of growth in oil demand in the coming decades. FILE PHOTO: A BP logo at a service station in London, …
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WASHINGTON (Reuters) – US lawmakers on Tuesday will have another chance to criticize the heads of the Federal Reserve and Treasury over the effectiveness of the nearly $ 3 trillion in emergency aid apportioned to stem the economic consequences of the new coronavirus pandemic . FILE PHOTO: Federal Reserve Chairman …
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TOKYO / NEW YORK (Reuters) – Asian stocks rose on Tuesday after data showed China’s manufacturing sector grew more than expected in June, a sign of hope for a global economy still struggling to recover from the impact of the coronavirus crisis. FILE PHOTO: A man in a protective mask …
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WASHINGTON (Reuters) – The United States began eliminating Hong Kong’s special status under US law on Monday, halting defense exports and restricting territory access to high-tech products as China prepares Hong Kong’s new security legislation . FILE PHOTO: United States Secretary of State Mike Pompeo gives a press conference on …
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LOS ANGELES (Reuters) – California and Texas hit record peaks in new COVID-19 infections on Monday, a Reuters count showed, as Los Angeles reported a “startling” one-day surge in the second-largest city in the United States. that placed him in over 100,000 cases. Los Angeles has become a new epicenter …
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