Markets

WASHINGTON: Amazon Chief Executive Jeff Bezos is willing to testify to a congressional panel investigating potential violations of antitrust law by big tech firms, according to a letter to the committee. A letter to key members of the House Judiciary Committee said that Bezos would be available to ......

NEW YORK: The Federal Reserve said on Monday (Jun 15) it had opened registration for lenders interested in participating in its Main Street Lending Programme, launching arguably the most complex programme undertaken yet by the US central bank to help keep the backbone of the economy from buckling ...

MUMBAI: India's Tata Motors on Monday (Jun 15) reported a loss of US$1.3 billion for the first three months of this year as sales in its key markets of China and Europe were hit by the coronavirus pandemic. The Mumbai-headquartered firm had just returned to the black in the...

Amazon.com Inc Chief Executive Officer Jeff Bezos is willing to testify before a House antitrust investigation into the market power of major tech companies, the New York Times reported https://www.nytimes.com/2020/06/15/technology/amazon-jeff-bezos-congress.html on Monday, citing a lawyer for ...

Manufacturing activity in New York State stabilized unexpectedly in June after three months of broad weakness brought on by coronavirus-related business shutdowns, and companies' six-month outlook shot to a decade high, the New York Federal Reserve said on Monday.

Ruling against environmentalists, the U.S. Supreme Court on Monday decided that the federal government has the authority to allow a proposed US$7.5 billion natural gas pipeline to cross under the popular Appalachian Trail in rural Virginia.

Hungary is ready to give financial support to Audi to help its manufacturing plant in the country run at full operating capacity, Prime Minister Viktor Orban was reported as saying on Monday as he visited the site.

LONDON: The coronavirus crisis is likely to reverse a decade-long trend of shrinking equity supply that helped to power the longest bull market in history as cash-strapped companies are forced to raise equity instead of buying back their shares. A surge in share listings this year by companies to...

France's PSA , the maker of Peugeot cars, on Monday said it would only transfer a small group of Polish workers to help out in a French plant where production is being increased, following a backlash over the knock-on effect for local jobs.

Goldman Sachs Group Inc on Monday pledged an additional US$250 million to fund the federal aid program to help businesses hurt by the COVID-19 pandemic.