Large banks with significant trading operations will have their finances tested in 2020 against a scenario that includes "heightened stress" in leveraged loans, the Federal Reserve announced on Thursday.
SINGAPORE'S Temasek Holdings has led a new round of funding for French veterinary health company Ceva Santé Animale.
The threat from the coronavirus crisis closed in on the global auto industry on Thursday, as Fiat Chrysler Automobiles NV warned that a European plant could shut down within two to four weeks if Chinese parts suppliers cannot get back to work.
Elon Musk's SpaceX plans to spin off its internet venture, Starlink and pursue an initial public offering for the unit, Bloomberg reported on Thursday, citing the rocket company's chief operating officer, Gwynne Shotwell.
Uber Technologies Inc drew more customers to its ride-hailing and food delivery business in a boost to its fourth-quarter revenue, but high costs at Uber Eats meant Uber continues to lose money as it tries to outspend competitors.
T-Mobile US Inc beat Wall Street estimates for quarterly revenue on Thursday, as the U.S. wireless carrier attracted more monthly phone subscribers.
Johnson & Johnson was ordered on Thursday by a jury in a New Jersey court to pay punitive damages of US$750 million to four plaintiffs who allege that the company's Baby Powder caused their cancer, according to a lawyer for the plaintiffs.
Juul Labs Inc has raised more than US$700 million in convertible debt from investors to fund its operations, a source familiar with the matter told Reuters, as the e-cigarette maker battles growing regulatory scrutiny on vaping.
U.S. Attorney General William Barr said on Thursday the United States and its allies should consider the highly unusual step of taking a "controlling stake" in Finland's Nokia and Sweden's Ericsson to counter China-based Huawei's dominance in next-generation 5G wireless technology.
Airbus posted its biggest January order haul in at least 15 years on Thursday as it booked a major leasing order that has been in the pipeline for several months, and carried out 31 aircraft deliveries.
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