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US Treasury says it has closed loans to seven major airlines

The U.S. Treasury said on Tuesday it had closed loans to seven large airlines hit hard by the coronavirus pandemic and urged Congress to save tens of thousands of airline jobs by extending billions in payroll assistance.

Markets

US House Judiciary antitrust report likely to come out as soon as Monday October 5 – source

The U.S. House of Representatives Judiciary Committee's antitrust subcommittee is expected to release a much anticipated report into antitrust allegations against four of America's largest tech companies as soon as Monday, Oct. 5, according to a source with direct knowledge of the matter.

Markets

Temasek prices its longest US$1b 50-year bond at 2.5%

TEMASEK Financial (I) Limited (TFin-I) has issued below par a US$2.75 billion three-tranche deal of guaranteed bonds, which include a record 50-year tenor.

Markets

US’s Pfizer to buy 9.9per cent of CStone Pharmaceuticals for US$200 million

CStone Pharmaceuticals, which focuses on immuno-oncology medicines, said on Wednesday a unit of Pfizer Inc has agreed to buy 9.9per cent of the Hong Kong-listed biopharmaceutical firm for HKUS$1.55 billion (US$200.01 million).

Markets

US expected to sue Google next week as DOJ seeks support from states

The U.S. Justice Department is expected to sue Alphabet's Google as soon as next week, and is currently urging state attorneys general to sign onto the lawsuit, according to three sources familiar with the process.

Markets

Apple grants CEO Tim Cook first major stock package since 2011

Apple Inc on Tuesday granted CEO Tim Cook 333,987 restricted stock units, with a possibility to earn as many as 667,974 more if he hits performance targets, in the executive's first stock grant since 2011.

Markets

Trump public lands agenda threatened by new court ruling – lawyers

A federal court ruling that the U.S. Bureau of Land Management had an illegitimate director for more than a year has cast doubt over a slew of the agency's recently completed efforts to boost oil and gas development on federal lands, according to lawyers and environmental groups.

Markets

Stopgap bill funding U.S government through December 11 advances in Senate

The U.S. Senate voted on Tuesday to advance a temporary funding bill to keep the government open through Dec. 11, with final passage of the measure expected on the deadline, Wednesday.

Markets

Palantir value pegged at US$15.8 billion ahead of long-awaited NYSE debut

The New York Stock Exchange on Tuesday set a reference price of US$7.25 per share for Palantir Technologies Inc, valuing the data analytics company at a US$15.8 billion ahead of its public market debut on Wednesday.

Markets

Commentary: Forces of climate action are reshaping finance in Singapore and around the world

A stronger-than-ever business case and the current pandemic call for finance to go green, says WWF-Singapore.

Markets

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