Markets

The collapse in demand for new vehicles from U.S. rental car fleets hit automakers hard in May, even as consumer sales were stronger than expected as coronavirus stay-at-home orders began to ease.

China is using telecoms giant Huawei to try to drive a wedge between Britain and the United States, Republican senator Tom Cotton told British lawmakers on Tuesday.

The U.S. Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in Washington's effort to oust socialist President Nicolas Maduro by cutting off the OPEC nation's crude exports.

General Motors Co and Ford Motor Co condemned racial inequality in the United States following the death of George Floyd, an unarmed black man, at the hands of police in Minneapolis last week.

JPMorgan Chase & Co and Barclays Plc will pay US$20.7 million to resolve investors' claims they conspired to rig the Mexican government bond market, the first of nine banks in the proposed class-action litigation to settle.

Pfizer Inc said on Tuesday it will invest up to US$500 million into publicly traded drug developers to fund their treatment candidates and provide access to the U.S. drugmaker's scientific expertise.

Oil prices rose on Tuesday to near three-month highs on expectations that major producers will agree to extend output cuts during a video conference likely to be held this week.

REUTERS: ZoomInfo Technologies Inc lifted the price range for its U.S. initial public offering on Tuesday, looking to raise up to US$890 million, as the market for new issues rebounds after the COVID-19 pandemic put several debuts on hold. The Carlyle-backed business intelligence platform said it ...

Russia's top search engine Yandex is considering possible restructuring of its participation in joint projects, the company said on Tuesday.

EU industrial chief Thierry Breton on Tuesday signalled a tougher line with U.S. tech giants as he launched consultations on the bloc's proposed new rules for the sector.