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Stocks waver on rising COVID cases, dollar in safety bidding

by Reuters: Business News | Jun 17, 2020 | Reuters News

Global equity markets closed little changed on Wednesday as a rally on economic and vaccine hopes faded, while fresh coronavirus outbreaks and rising geopolitical tensions in Asia boosted demand for the dollar and safe-haven debt.

S&P closes lower as new COVID-19 cases surge

by Reuters: Business News | Jun 17, 2020 | Reuters News

The S&P 500 closed lower on Wednesday as news of spiking pandemic data and the prospect of a new round of economic lockdowns dampened investor optimism over signs of economic recovery.

U.S. fines Copa Airlines $450K for transporting passengers between U.S., Venezuela

by Reuters: Business News | Jun 17, 2020 | Reuters News

The U.S. Transportation Department said on Wednesday it had fined Panama's Copa Airlines $450,000 for unlawfully transporting passengers between the United States and Venezuela via a stopover point and ordered the airline to avoid future similar violations.

U.S. trade chief vows to push for ‘broad reset’ at WTO

by Reuters: Business News | Jun 17, 2020 | Reuters News

The Trump administration will push for a broad reset of "outdated tariff determinations" at the World Trade Organization to fix what it sees as years of unfair treatment of the United States, a top trade official told U.S. lawmakers on Wednesday.

U.S. trade chief vows to push for ‘broad reset’ at WTO

by Reuters: Business News | Jun 17, 2020 | Reuters News

The Trump administration will push for a broad reset of "outdated tariff determinations" at the World Trade Organization to fix what it sees as years of unfair treatment of the United States, a top trade official told U.S. lawmakers on Wednesday.
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