Unilever and J.P. Morgan entered into a US$500 million interest rate swap agreement at the end of September using the new SOFR benchmark interest rate, in one of the first major long-dated corporate SOFR swap transactions, according to the U.S. bank.
OSLO: Russia was behind a cyber attack launched against the Norwegian parliament in August, the Norwegian foreign minister said on Tuesday. "Based on the information available to the government, it is our assessment that Russia stood behind this activity," Ine Eriksen Soereide said in a statement ...
Boeing Co lost another three orders for its grounded 737 MAX jetliner in September, and delivered 11 total aircraft to customers, less than half the number from the same month a year ago, company data showed on Tuesday.
The European Union has won the right to impose tariffs on US$4 billion in U.S. goods in retaliation for subsidies granted to planemaker Boeing under a World Trade Organization (WTO) ruling on Tuesday.
The U.S. Supreme Court on Tuesday agreed to decide whether more than 100 technology disputes must be reheard because judges were unconstitutionally appointed to a U.S. Patent and Trademark Office tribunal in a case arising from a medical device patent challenge.
The S&P 500 and the Dow opened lower as a pause in Johnson & Johnson's COVID-19 vaccine trials weighed, while the Nasdaq rose ahead of major events scheduled for Apple and Amazon.com.
SINGAPORE: Singapore Press Holdings (SPH) reported its first net loss of S$83.7 million for the financial year ended Aug 31, as COVID-19 took a big bite out of all its business segments. This compares to the net profit of S$213.2 million that SPH posted a year ago. The loss was...
REUTERS: Tesla Inc said on Tuesday it cut the price of its Model S "Long Range" sedan by 4per cent in the United States, days after the electric-car maker reported record quarterly deliveries. The company, which is expected to report third-quarter results on Oct. 21, cut the price to...
Hyundai Motor Group's executive vice chairman Euisun Chung is set to be made chairman of the South Korean carmaker as soon as on Wednesday, Yonhap news agency reported, as he formally takes over the reins from his octogenarian father.
LONDON: Nearly three-quarters of investors surveyed by BofA expect a surge in market volatility in the fourth quarter, given the rising likelihood of U.S. election results being contested, bringing the record bear-to-bull summer rally to a halt. Nagging doubts over whether President Donald Trump ...
