Siemens Healthineers plans a two-step capital increase to raise 7.5 billion euros (US$8.80 billion) via share placements to help finance its acquisition of Varian Medical Systems , sources close to the matter said on Monday.
Sovereign borrowing costs have taken another lurch lower as more COVID-19 outbreaks threaten economic recovery, yet five months after the pandemic panic first hit, a divergence is opening up within four of the world's biggest bond markets.
SINGAPORE: Singapore’s factory activity expanded slightly in July after five consecutive months of contraction. The Purchasing Managers’ Index (PMI) for July came in at 50.2, up 2.2 points from the previous month, according to data released by the Singapore Institute of Purchasing and Materials ...
U.S. manufacturing activity accelerated to its highest level in nearly 1-1/2 years in July as orders increased despite a resurgence in new COVID-19 infections, which is raising fears about the sustainability of a budding economic recovery.
Luxury carmaker Ferrari trimmed its full-year earnings forecast on Monday after second-quarter income plunged due to supply chain and production disruptions during the coronavirus pandemic.
Wall Street's main indexes opened higher on Monday as Microsoft's pursuit of TikTok's U.S. operations and a clutch of upbeat quarterly earnings reports lifted sentiment in the absence of a fiscal coronavirus relief deal.
After years of being part of a future that never quite arrived, the coronavirus pandemic has put U.S. online car sellers on the map.
Chinese artificial intelligence company Shanghai Zhizhen Intelligent Network Technology Co., Ltd., also known as Xiao-i, has filed a lawsuit against Apple Inc , alleging it has infringed on its patents.
The founder of Bytedance, which owns social media giant TikTok, said Monday his teams were working around-the-clock "for the best outcome," as talks on the sale of its US operation to Microsoft continue, Chinese media reported.
SINGAPORE: The National Wages Council (NWC) will meet a second time this year to update the tripartite position on wages, as the COVID-19 pandemic continues to impact the labour market. Manpower Minister Josephine Teo announced this on Monday (Aug 3), after a meeting with National Trades Union ...
