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Markets

Bayer makes ‘substantial progress’ in Roundup cancer lawsuits, mediator says

A court-appointed mediator on Monday said Bayer AG has made "substantial progress" toward resolving tens of thousands of remaining claims that its Roundup weedkiller causes cancer.

Markets

CGS-CIMB upgrades Singapore banks, says dividends back in focus

CGS-CIMB has turned more positive on Singapore banks, as the brokerage expects credit costs to peak this year with asset quality holding steady moving forward.

Markets

Teamsters says open to Southwest cost-savings talks, denies it walked away

The International Brotherhood of Teamsters remains open to cost-savings talks with Southwest Airlines , a spokeswoman said on Monday following news last week that the airline had sent notices of potential furloughs to 42 material specialists represented by the union.

Markets

McDonald’s to make its own ‘McPlant’ items, Beyond Meat says co-created patty

Burger chain McDonald's Corp said it would debut its own plant-based meat alternatives called "McPlant" in 2021, ending speculations over who the world's biggest restaurant chain would partner with in a new frontier for the fast food industry.

Markets

Sweden halts 5G auction after court grants relief to Huawei

Swedish telecoms regulator PTS on Monday halted 5G spectrum auctions after a court suspended parts of its decision that had excluded Chinese telecom equipment maker Huawei from 5G networks.

Markets

Hyundai looks ahead to new SUVs in 2021 – and urban air taxis by 2028

South Korean automaker Hyundai Motor Co is supercharging its product portfolio next year with the introduction of several new SUVs, while looking even farther out to the launch of its first urban air taxis toward the end of the decade, the company's top U.S. executive said on Monday.

Markets

Retail trading hits snags as vaccine news sparks stock scramble

Trading volumes on retail platforms surged after the first successful data from a large-scale clinical trial of a coronavirus vaccine caused a stampede to buy up stocks.

Markets

Energy, travel stocks surge on Pfizer vaccine hopes

Shares of stocks that have been demolished as the coronavirus and related lockdowns have crippled the global economy surged on Monday following positive news from Pfizer and its German partner BioNTech about is experimental COVID-19 vaccine.

Markets

McDonald’s to make its own ‘McPlant’ items, hits faux meat maker Beyond Meat

Burger chain McDonald's Corp said it would debut its own plant-based meat alternatives called "McPlant" in 2021, ending speculations over who the world's biggest restaurant chain would partner with in a new frontier for the fast food industry.

Markets

General Motors to add 3,000 tech jobs

U.S. automaker General Motors Co said on Monday it would hire 3,000 employees across its engineering, design and IT divisions to increase diversity and contribute to its electric vehicle platform.

Markets

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