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Inflation slump could presage more eurozone stimulus

Markets

Tesla CEO Musk suggests India entry in 2021

BENGALURU: Tesla chief executive Elon Musk indicated on Friday (Oct 2) that the US electric carmaker will make a foray into India in 2021. "Next year for sure," Musk said on Twitter in reply to a post with a photograph of a T-shirt with the message: "India wants Tesla". "Thanks...

Markets

ECB must prepare to issue a digital euro, Panetta says

The European Central Bank should prepare to issue a digital euro to complement banknotes "if and when" it becomes necessary, ECB board member Fabio Panetta said on Friday.

Markets

Betfair suspends betting on US election after Trump catches COVID-19

Betfair suspended betting on the outcome of the U.S. election on Friday, according to its website, after President Donald Trump said he tested positive for COVID-19.

Markets

Malaysia Airlines reaching out lessors, creditors as it plans urgent restructuring

Malaysia Airlines Bhd said on Friday it has reached out to lessors, creditors and key suppliers as the company embarks on an urgent restructuring exercise.

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Fintech startup RootAnt bags nearly US$1.5m in seed funding

SINGAPORE-HEADQUARTERED fintech startup RootAnt has bagged almost US$1.5 million in a seed funding round led by Linear Capital and with co-investor KZM & Company Group.

Markets

Oil falls further as Trump tests positive for COVID-19

Oil prices extended losses to fall around 2per cent on Friday after U.S. President Donald Trump tested positive for the coronavirus, while a U.S. stimulus package eluded negotiators amid ongoing worries about demand.

Markets

Huawei’s investments are ‘predatory actions’, Pompeo says in interview

Investments by China's Huawei are not regular market transactions but rather "predatory actions" and all countries should ban them, U.S. Secretary of State Mike Pompeo said in a newspaper interview on Friday.

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Norway’s Equinor to cut exploration staff by 30%

Norwegian oil and gas firm Equinor plans to cut its exploration staff by about 30per cent globally by 2023 to reduce costs as the COVID-19 pandemic reduces demand for petroleum, the company said on Friday.

Markets

US futures, Asia stocks slip as Trump tests positive for COVID-19

HONG KONG: US futures and most Asian equities sank on Friday (Oct 2) after Donald Trump announced he and his wife had tested positive for coronavirus. The news compounded uncertainty on trading floors, where investors were already in a pessimistic mood owing to US lawmakers' failure to pass a...

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