Markets

Global banks and investors said they were stepping up their preparations for a victory by Democratic presidential candidate Joe Biden after his rival Republican President Donald Trump revealed he had tested positive for COVID-19 early on Friday.

Home rental company Airbnb Inc is aiming to raise around US$3 billion in its upcoming initial public offering (IPO), people familiar with the matter said on Friday, taking advantage of the unexpectedly sharp recovery in its business after the COVID-19 pandemic roiled the travel industry.

A federal appeals court on Friday reinstated a 2017 jury verdict that required Teva Pharmaceutical Industries Ltd to pay GlaxoSmithKline Plc more than US$235 million for infringing a patent for its blood pressure drug Coreg.

Google's bid to win EU approval for its US$2.1 billion purchase of Fitbit faces headwinds as rivals and customers argue concessions to EU antitrust regulators do not go far enough, two people familiar with the matter said on Friday.

WASHINGTON: Federal Reserve Chair Jerome Powell has been working from home while also following masking and social distancing protocols when in public, and has not felt it necessary to take a coronavirus test, the Fed said Friday in response to inquiries following the news that President Donald ...

The U.S. Justice Department on Friday said it was appealing a judge's decision to block the government from barring Apple Inc and Alphabet Inc's Google from offering Chinese-owned messaging app WeChat for download in U.S. app stores.

Tesla Inc has agreed to acquire German ATW Automation, a supplier assembling battery modules and packs for the auto industry, a source familiar with the transaction said on Friday.

Noble Energy shareholders on Friday approved a deal to sell the oil and gas producer to Chevron , boosting Chevron's U.S. shale oil holdings and adding international natural gas reserves close to growing markets.

NEW YORK: Wall Street stocks fell early on Friday (Oct 2) following a disappointing US jobs report and news that President Donald Trump tested positive for coronavirus. About 10 minutes into trading, the Dow Jones Industrial Average was down 0.7 per cent at 27,625.35. The broad-based S&P 500 shed...

SINGAPORE: Consumers trying to use their credit cards may encounter difficulties after Wirecard ceased services in Singapore, prompting local businesses to look for other payments providers. The Monetary Authority of Singapore (MAS) had earlier this week directed the troubled German firm to stop ...