Markets

Insurer MetLife Inc has agreed to buy vision-care benefits company Versant Health for US$1.68 billion from an investor group led by Centerbridge Partners and FFL Partners, it said on Thursday.

Facebook Inc is about five to 10 years away from being able to bring to market "true" augmented reality glasses, its chief scientist told Reuters, as the company released plans to launch a first generation product next year.

Swiss bank Credit Suisse and the Qatar Investment Authority (QIA) said on Thursday they were jointly setting up a multi-billion dollar direct private credit business.

OSLO: Low-cost carrier Norwegian Air Shuttle said on Thursday (Sep 17) it planned to slash CO2 emissions by 45 per cent by 2030 and reduce its use of plastics as part of a new environmental strategy. "The low-cost business model is the sustainability model as it enables efficient energy and...

An OPEC+ technical panel warned that a rise in coronavirus cases in some countries may curb oil demand despite signs of economic recovery and initial indications of a decline in oil stocks, according to an internal document seen by Reuters on Thursday.

Volkswagen is in talks to sell its supercar brand Bugatti to Croatian entrepreneur Mate Rimac, Manager Magazin said on Thursday citing people familiar with the talks.

SAN FRANCISCO: Uber Technologies is planning to sell part of its US$6.3 billion stake in Chinese ride-hailing firm Didi Chuxing to raise cash, Bloomberg News reported on Thursday (Sep 17), citing people familiar with the matter. CEO Dara Khosrowshahi is in talks about the sale with Didi and ......

OPEC and allies, led by Russia, are scheduled to hold an online meeting on Thursday to discuss compliance with their agreed output cuts and demand trends amid falling oil prices and a faltering economic recovery outlook.

IN its first investment in a local entity since setting up shop in Singapore earlier this year, the Asian Development Bank (ADB) will inject US$95 million into Clifford Capital Holdings (CCH), spurring growth in the Temasek-backed company - especially in the area of sustainable infrastructure financing in...

BEIJING: China will need to approve ByteDance's proposed deal with Oracle Corp for its TikTok app, the Chinese company said on Thursday (Sep 17), indicating how its bid to stave off a ban in the United States could be further complicated. Oracle has submitted a proposal to the Trump...