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Brazil prosecutors sue Maersk, seek to freeze US$200 million

Federal prosecutors in Brazil filed a civil lawsuit against Danish shipping company Maersk and former employees of state-run oil firm Petroleo Brasileiro SA, for alleged corruption involving shipping contracts, they said on Friday.

Markets

US producer prices increase modestly in November

WASHINGTON :U.S. producer prices barely rose in November, supporting views that inflation would remain benign in the near term as a flare up in new COVID-19 infections restrains the labor market and demand for services.

Markets

Britain’s Asda paid parent Walmart US$1.52 billion dividend

Asda, the British supermarket arm of Walmart, paid its parent a 1.15 billion pound (US$1.52 billion) inter company dividend of surplus cash in March this year, according to Asda's annual report and accounts for 2019 published on Friday.

Markets

Wall Street shakes off labor market data with stimulus in focus

The S&P 500 was nearly flat on Thursday as investors weighed signs of progress in fiscal stimulus talks against data showing a surge in jobless claims, while energy stocks soared on a sharp jump in oil prices.

Markets

Asda paid parent Walmart US$1.52 billion dividend in March, annual report shows

Asda, the British supermarket arm of Walmart, paid its parent a 1.15 billion pound (US$1.52 billion) inter company dividend of surplus cash in March this year, according to Asda's annual report and accounts for 2019 published on Friday.

Markets

Britain finalises free trade pact with Vietnam

Britain and Vietnam on Friday finalised a free trade agreement, the second deal London has reached in Southeast Asia in as many days while deadlock continues over post-Brexit European Union arrangements.

Markets

No deal on Brexit trade more likely than agreement: EU Commission chief

BRUSSELS: Britain is more likely to leave the European Union's orbit on Dec 31 without a trade deal than with an agreement, the head of the European Commission was quoted as telling the bloc's 27 national leaders on Friday (Dec 11). Britain quit the EU in January but remains an informal...

Markets

Monitoring impact of automotive chip shortage: Indian industry body

A top Indian automotive component industry body said on Friday it was not clear for how long and to what extent a global shortage of semiconductors will impact vehicle production in the country.

Markets

Electric commercial vehicle maker to go public in SPAC deal with US$1.4 billion valuation

Electric Last Mile Solutions (ELMS) said on Friday it has agreed to go public through a reverse merger with blank-check company Forum Merger III Corp in a deal that values the U.S. electric commercial vehicle maker at US$1.4 billion.

Markets

Wall Street Week Ahead: Georgia Senate elections threaten pillar of market rally

Investors are looking ahead to dual U.S. Senate runoffs in Georgia early next month, a potential threat to a year-end rally that has pushed stocks to record highs in the midst of a country-wide surge of coronavirus cases.

Markets

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