Markets

U.S. asset manager BlackRock and Canada's Brookfield Asset Management Inc are no longer in the race to buy a stake in Saudi oil giant Aramco's pipeline business, two sources familiar with the deal said.

PARIS: Valneva on Tuesday (Apr 6) reported positive results for its COVID-19 vaccine in early stage clinical trials and said it planned to launch a Phase 3 trial this month. The French drugmaker, whose shot uses the technology behind its licensed Japanese encephalitis vaccine, tested its vaccine ...

PARIS: France will contribute up to €4 billion (US$4.7 billion) to a recapitalisation of Air France-KLM and more than double its stake in the airline group to almost 30 per cent, under plans announced on Tuesday (Apr 6) with European Union approval. Air France-KLM's move is the latest by a...

LONDON: While ending COVID-19 economic relief measures too soon would present more of a threat to financial stability than leaving them in place too long, it was time for Group of 20 (G20) countries to decide how it should be done, the Financial Stability Board (FSB) said on Tuesday...

The chief executive of British Airways said he is optimistic that international travel can resume from May 17 despite Britain warning on Monday that it was too soon to say whether holidays could restart.

Only passengers and crew members who have been vaccinated are allowed on the three-hour flight.

Europe's biggest utilities Enel and Iberdrola saw the clean energy transition coming decades ago when others baulked at the high cost of producing energy from the sun and wind and instead stuck with coal and oil.

BP expects to reach its US$35 billion net debt target in the first quarter of 2021, the energy group said on Tuesday, following earlier-than-expected proceeds from disposals and a "very strong" quarter.

Vietnam has allowed Boeing 737 Max planes to transit in the country after they were suspended in 2019 over safety concerns, state media reported on Tuesday, citing the Ministry of Transport.

Fans of LG Electronics smartphones rued the loss of more affordable Android-based devices after the South Korean tech company said on Monday it would quit the business, with some praising LG for the innovation it brought to the industry.