Argentina's provinces from Buenos Aires to wine region Mendoza are readying to revamp a combined US$13 billion in debt, after a successful sovereign debt restructuring opened the door for local governments to resolve their regional crises.
As evidence grew this spring that the drug remdesivir was helping COVID-19 patients, some Wall Street investors bet on analysts’ estimates that its maker, Gilead Sciences Inc, could charge up to US$10,000 for the treatment.
A rebound in Tesla Inc shares was set to extend into a third straight session on Friday, recouping more of a record 21per cent drop earlier this week that wiped US$80 billion off the electric-car maker's market capitalization.
IBM Corp said on Friday the U.S. Commerce Department should adopt new controls to limit the export of facial recognition systems to repressive regimes that can be used to commit human rights violations.
President Xi Jinping on Friday urged China to speed up technological innovation and step up financial support for basic scientific research, according to state television.
A top Philippine financial investigator said Friday he has asked Berlin authorities for information on dozens of "persons of interest" in a Manila inquiry on the Wirecard accounting scandal.
Microsoft will on Tuesday launch its Xbox cloud gaming service priced at US$1 for new users' first month, in a major drive to attract casual gamers with the promise of cutting ties to the living room and as competition with Sony heats up.
When Jane Fraser takes the helm of Citigroup Inc in February, she will have some big tasks ahead of her.
Investment bank Morgan Stanley has ramped up the risk of Britain and the European Union flopping onto World Trade Organisation terms to 40per cent from 25per cent, after the UK signalled a willingness this week to walk away from Brexit talks.
A $2-billion-plus deal for a South Korean property developer to take over lossmaking Asiana Airlines collapsed Friday in the wake of the coronavirus pandemic, with state-owned banks mounting a bailout to try to save 9,000 jobs.
