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May 2020 Business News
The dollar is likely to remain on a 'softer tone' in the coming months: Nomura Dollar slips against euro, gains on yen on month-end rebalancing Feeding strawberries to cows: Farmers forced to throw fruit and flowers as coronavirus disrupts supplies Nokia CEO says 5G rollouts in Europe could be delayed by coronavirus Nokia makes a small profit despite supply disruption Golfing is allowed Friday! But you'll have limits in the suburbs Ravinia cancels 2020 season due to pandemic Female Angel Investor launches an exclusive e-learning platform US dollar will remain elevated for the next few months: Strategist The Week Ahead: Starbucks, Macy's to begin to reopen Gold has 'growing potential' to break $1,800 an ounce, says UBS Wasted milk, euthanized livestock: Photos show how coronavirus has devastated US agriculture Nearly 3,000 more cases, 63 more deaths after record day of testing in Illinois SUV plows into Arlington Heights restaurant Commodity currencies creep back, but China-US tensions temper mood The greenback is still the best safe-haven currency right now: Analyst Total's net profit falls 35% in the first quarter as oil prices slide 'A man of faith': Aurora's 'Cross Man' dies from cancer Hospitalizations, ventilator use dip in Illinois; 46 more have died More downside risks ahead for the Philippine peso: Fitch Solutions Euro slumps and yen gains as markets fret over global recovery trajectory Nearly a fifth of Wendy's US restaurants are out of beef, analyst says Oil surges 20%, posts fifth straight day of gains for first time since July Pritzker outlines regional reopening as state records 176 new COVID-19 deaths 1 dead, 36 positive for COVID-19 at nursing home in South Elgin Yen holds firm as dour data dashes appetite for risk Turkey's lira hits lowest level ever Pandemic fallout is severely threatening US dairy farms Oil drops 2%, snapping five-day winning streak in volatile trading session BT pulls dividend until 2021/22 to cope with the coronavirus US drafts rule to allow Huawei and US firms to work together on 5G standards, sources say Schaumburg residents pack stadium parking lot for free mask giveaway State officials as virus deaths approach 3,000: 'Virtual hugs' best on Mother's Day US Capital Global Securities Launches Convertible Note Offering for EQITrade Limited VX Global Statement on Purchase of PPE Dollar holds gains on economic re-start hopes but virus risks remain The Week Ahead: Disney reopens Shanghai park Liberty Global CEO on merger with Telefonica in UK Virgin Media and O2 agree on $39 billion merger to create a new UK telecom giant Illinois' COVID-19 death toll dips below 100 for first time in five days Rozner: 'Last Dance' began with Jordan's abrupt departure Third Round of COVID-19 Survey Continues to Track Delaware Business Response WSI Simply ROI Becomes VIEWS Digital Marketing Agency, Remains Part of WSI Network Yuan could see more pressure if US-China trade tensions continue: ANZ Dollar hits 2-week peak as virus fears drive safe-haven bid Goldman Sachs warns jet fuel demand may never fully recover from the crisis Pritzker: Virus peak now mid-June, but he still eyes end of May for next reopening phase Police: Ingleside woman may have been killed by her dogs Goldman Sachs says a second wave of coronavirus could make the Fed rethink negative interest rates The UK economy suffered a major drop in Q1. When is the recovery coming? Saudi Arabia's latest oil production cuts show it is back in 'whatever it takes' mode, strategist says Vodafone meets full-year expectations, pulls guidance on Covid-19 uncertainty Chicago, Rockford, Joliet dioceses: State OKs plan to start reopening churches as soon as May 23 Pritzker warns of 'consequences' for defying stay-at-home order Ori’Zaba’s Marks Record Single Day Sales Amid Pandemic BNP Paribas remains bullish on gold, does not expect US dollar strength to last Dollar set for weekly gain as pandemic recovery hopes waver Oil market is re-balancing, but path to 'next normal' not a straight line, says energy CEO A resurgence of coronavirus cases will have 'major consequences' for the oil market, IEA warns Microsoft acquires Metaswitch in telecom push Verizon CEO on staying connected during the crisis, the future of 5G and more Chicago, suburbs hit testing milestone, on track to easing stay-at-home restrictions Suburban pastors expect excitement, caution with reopenings GexPay: A great digital payment mobile application Dollar set for 0.6% weekly gain amid worries about recovery Naperville Park District to take legal action to reopen parks, facilities Marine who spent 4 years as POW approaches 100th birthday CoreTechnologie enhances its Additive Manufacturing software to include texturing The Week Ahead: Automakers to reopen factories Some Northwest suburbs ask to be split from Chicago in governor's Restore Illinois plan Illinois COVID-19 deaths surpass 4,000, infections eclipse 90,000 mark Business Insurance market to gain the ground, amid Covid 19- AMR Dollar shunned as vaccine hopes lift risk appetite Bank Indonesia may hold rates to provide currency stability: Deutsche Bank Traders feared June oil futures would go negative, instead they expire Tuesday possibly above $30 Oil jumps 8% to two-month high above $31 as June futures contract nears expiration Jack Ma quits SoftBank's board as its Vision Fund posts a record $18 billion loss SoftBank is reportedly in talks to sell some of its T-Mobile US stake to Deutsche Telekom Major flooding along Des Plaines, DuPage, Fox rivers Pritzker defends citing of businesses that open too soon; Lake County pilots contact tracing USD is unlikely to fall significantly, but higher demand for Euros could be a catalyst: BNY Mellon Markets Euro ticks up on EU joint recovery fund, yen near 5-week low China stocks up food and oil supplies as coronavirus spurs fears about shortages Why coronavirus is causing a massive amount of food waste Outbreak 'falling from our peak' as Pritzker touts per capita testing rate Another year, another record May rainfall: Where the flooding persists Dollar firm as Sino-U.S. tension prompts caution Turkish central bank triples Qatar currency swap line to $15 billion as economy flounders Bars and restaurants can serve outdoors as soon as May 29; golf, other restrictions to ease Dining in the streets? Arlington Heights' plan to help restaurants China will limit RMB depreciation to 7.2 by the end of June: Analyst Dollar holds gains as U.S.-China frictions rattle Asian FX Help! Popular festival bands, and their fans, on the outs with no dates to play State has spent nearly $240 million on COVID-19 response Asia markets trade mixed as China's National People's Congress continues The Week Ahead: NYSE floor to partially reopen Two French kids reportedly discover gold bars worth over $100,000 during lockdown Investors are piling billions into this Indian telecom operator for a slice of the country's booming digital economy Suburban residents recount their experiences during World War II State reports 61 more COVID-19 deaths, as Pritzker releases new reopening guidelines Chinese yuan could appreciate towards 7 in the medium term: BNP Paribas Dollar dips as pandemic recovery hopes buoy risk assets In some suburbs, people still salute veterans in person -- just from a distance 1,713 new COVID-19 cases in Illinois, 31 new deaths; positive-test rate at 12% Expecting a U-shaped recovery with a lot of volatility, HSBC's Bloom says Barings sees opportunities in the Chinese yuan and the country's 10-year bond IEA says the coronavirus crisis has set in motion the largest drop of global energy investment in history Why Huawei's role in Britain's 5G networks is under scrutiny once again 'We seem to have come off the peak,' Pritzker says as weekly death tolls are dropping Owners reopen Elburn pub, saying 'you have a better chance of dying in your car' Yuan could head toward 7.30-7.40 on U.S.-China tensions: Strategist The yuan could weaken to 7.40 against the dollar as China-U.S. tensions linger, warns strategist 4 years ago, his graduation speech landed him on Fallon. Now he's back for the Class of 2020. 160 new deaths bring state's COVID-19 toll past 5,000; contact tracing ramping up Yuan could weaken further against the U.S. dollar from this point: Analyst Dollar bides time, yuan falls before Trump takes stage on China Climate change is driving widespread forest death and creating shorter, younger trees CEO of best-performing retail stock expects to 'emerge stronger' from pandemic Protesters set fires in Minneapolis police station Pritzker says Illinois is a go for Phase 3 Friday, starts thinking about Phase 4 in late June Kapital Connection Officially Launched in India The Week Ahead: May jobs report coming Friday 'I missed the people. I missed the employees. I missed the food.' Suburbs reopen to Phase 3 With rallies and walks, suburbanites condemn George Floyd's death, cry for racial unity