CLIFFORD Capital and Sumitomo Mitsui Banking Corporation (SMBC) have provided US$140 million in loans to Summit Power International's subsidiary for a power plant project in the Gazipur district of Bangladesh.
LIBOR, once dubbed the world's most important number, is scheduled to perish from the end of next year. With the fallout from the pandemic demanding the full attention of banks, it would be better to grant it an official stay of execution.
Moderna Inc's experimental COVID-19 vaccine, the first to be tested in the United States, produced protective antibodies in a small group of healthy volunteers, according to very early data released by the biotech company on Monday.
Dutch bank NIBC Holding NV said late on Monday it has agreed to pay its 2019 dividend to its proposed buyer, U.S. equity firm Blackstone Group Inc , before the deal settles, in order to remove one hurdle to the proposed 1.36 billion-euro (US$1.47 billion) takeover.
Chinese search engine giant Baidu Inc forecast second-quarter revenue above expectations after beating earnings estimates, as the world's second-largest economy reopens after lockdowns imposed to curb the spread of the coronavirus.
(Reporting by Munsif Vengattil in Bengaluru; Editing by Sriraj Kalluvila)
Jet manufacturers and airlines are launching an urgent initiative to convince nervous travelers that the air they breathe on planes is safe, believing this is critical to rebuilding a travel industry floored by the novel coronavirus.
Dana Inc , a key supplier of truck parts to Detroit automakers, restarted its Toledo plant Monday on a single shift, with one-third of its 750-person workforce and less than 1per cent absenteeism, according to plant manager Craig Zimmerly.
WASHINGTON: An international group of labour unions said on Monday (May 18) it has filed a complaint against McDonald's for "systemic sexual harassment" at the fast food chain's restaurants around the world. The complaint, filed at the Organization for Economic Cooperation and Development (OECD)'s ...
About 1,000 lucky chickens flew on two chartered cargo planes to a California sanctuary from an Iowa farm that has been euthanizing its flock as the coronavirus outbreak slashes restaurant demand for eggs, an animal rights group said.
