Business
Gold Rises As Dollar Dips On Prospect Of Higher U.S. Aid
Gold prices rose on Tuesday as the dollar weakened after the approval of larger coronavirus relief checks by Democraticled U.S. House of Representatives, while improved risk appetite kept it below last session's oneweek high.
Trump Administration Bolsters Order Barring U.S. Investment In Chinese Firms
The Trump administration on Monday strengthened an executive order barring U.S. investors from buying securities of alleged Chinese militarycontrolled companies, following disagreement among U.S. agencies about how tough to make the directive.
UK PM Johnson Says Trade Deal Is New Starting Point For EU Relationship
Prime Minister Boris Johnson welcomed Britain's trade deal with the European Union as a new starting point for relations with the bloc in a call with the President of the European Council Charles Michel on Monday.
Delivery Hero To Sell South Korean Unit For $4 Billion Woowa Deal Approval
Germany's Delivery Hero will sell South Korean food delivery app Yogiyo as part of conditions for regulatory approval of its $4 billion takeover of top South Korean food delivery app owner Woowa Brothers.
Malaysia To Charge Second Glove Maker Over Poor Worker Accommodation
Malaysia aims to file 30 charges against glove maker Brightway Holdings Sdn Bhd and two of its subsidiaries, after raids that found workers' accommodation was not up to legal standards.
Chinese Banks To Feel Fund-raising Pain As Investors Fear Bad Loans
Chinese banks are expected to face headwinds raising funds next year as profitconscious investors cling to the sidelines, expecting a wave of bad loans to hammer the sector and erode already slimming margins.
China Pushes Ant Group Overhaul In Latest Crackdown On Jack Ma
China's central bank disclosed on Sunday it had asked the country's payments giant Ant Group Co Ltd to shake up its lending and other consumer finance operations, the latest blow to its billionaire founder and controlling shareholder Jack Ma.
Mobile Phone Makers Likely to Miss Production Target Under PLI Scheme, Seek Adjustment of Incentives
The government in October had cleared 16 proposals from domestic and international companies entailing investment of Rs 11,000 crore under the PLI scheme to manufacture mobile phones worth Rs 10.5 lakh crore over the next five years.
FPIs Pumped in Rs 60,094 Crore in December So Far
According to the depositories data, FPIs invested a net Rs 56,643 crore into equities and Rs 3,451 crore into debt instruments between December 124. The total net investment during the period under review stood at Rs 60,094 crore.
S&P 500 Ends Slightly Higher As Investors Bet On Recovery
The S&P 500 closed barely in positive territory on Wednesday as an expected stimulus deal and falling jobless claims prompted investors to put their money into sectors most likely to benefit from the economy reopening when it recovers from the global heal...
U.S. Regulator Modifies Ban To Allow Mahindra To Sell New Roxor Models In Jeep Case
A U.S. regulator ruled on Wednesday that Mahindra and Mahindra Ltd's new design for its Roxor offroad utility vehicle did not infringe the intellectual property rights of Fiat Chrysler Automobiles' Jeep brand, six months after barring the sale of older mo...
Orders For Big-ticket Manufactured Goods Up 0.9% In November
Orders to U.S. factories for bigticketed manufactured goods rose a moderate 0.9% in November with a key category that tracks business investment plans showing a gain.
Rifts Over Fishing Narrow But EU-UK Trade Deal Still Uncertain
Britain and the European Union narrowed the gap on access to fish stocks from 2021 but the politically sensitive matter was still in the way of a new trade pact, Brussels sources said on Tuesday ahead of a Brexit update by their chief negotiator.
Bharat Biotech Completes Recruitment of 13,000 Volunteers for Phase III Trials of Covaxin
According to the company, the vaccine is developed and manufactured at Bharat Biotech's BSL-3, biocontainment facility.
Analysis: New Blank-check Firms Arm Up For Asian Unicorn Hunt
A new fundraising frenzy that swept Wall Street this year looks set to take hold in Asia with more than a dozen special purpose acquisition companies, or SPACs, on the hunt for fastgrowing technology firms that are ready to go public.
Tesla Tumbles 6.5% From Record High In S&P 500 Debut
Shares of Tesla ended sharply lower in their S&P 500 debut Monday, with losses accelerating after news of potential future competition from Apple.