Asian stocks opened firmer on Tuesday after the S&P 500 and Dow Jones indexes hit record highs on news of another promising coronavirus vaccine, which supported hopes of a quicker economic recovery.
Shares of Tesla surged 9per cent in extended trade on Monday after S&P Dow Jones Indices announced that the electric car maker would join the S&P 500 index .
Smithfield Foods, the world's biggest pork processor, and a subcontractor face fines of more than US$100,000 from California's workplace safety regulator for failing to protect employees from COVID-19 and other violations during the pandemic.
Chinese search engine giant Baidu Inc said on Monday it would acquire JOYY Inc's video-based entertainment live streaming business in China for about US$3.6 billion (£2.8 billion) in cash.
Home rental startup Airbnb Inc disclosed paperwork for its initial public offering (IPO) on Monday that showed a slowdown in its core business due to the COVID-19 pandemic, even as it prepares for one of the most anticipated stock market debuts in recent years.
As positive coronavirus vaccine news makes strategists more optimistic about the future for retailers, investors will look to earnings results and forecasts from these companies in the coming days for clues about consumer spending.
Huawei Technologies Co Ltd is selling its budget brand smartphone unit Honor to a consortium of over 30 agents and dealers, according to a joint statement signed by 40 companies involved in the purchase.
Buoyed by further progress in COVID-19 vaccine development, President-elect Joe Biden planned on Monday to consult with the CEOs of top US companies and labor leaders before making a speech on reviving the nation's pandemic-battered economy.
President-elect Joe Biden on Monday said the United States must join forces with other world democracies to present a united front in global trade policy as a counterweight to China.
