Business

Ailing conglomerate Thyssenkrupp on Thursday said some businesses were stabilising in the current quarter after suffering a heavy blow due to the coronavirus pandemic.

Australia's scandalhit AMP Ltd said on Thursday it would return up to almost $400 million to investors in the form of a special dividend and a share buyback, sending its stock surging as much as 14%.

The European Union on Wednesday called for intensified efforts to resolve trade disputes with the United States after Washington kept in place tariffs on European aircraft and other goods.

The U.S. government on Wednesday said it would maintain 15% tariffs on Airbus aircraft and 25% tariffs on other European goods, despite moves by the European Union to resolve a longstanding dispute over aircraft subsidies.

Global banks were left shellshocked this year by a series of commodity trader collapses after instances of fraud were laid bare by the coronavirus crisis.

Wall Street was headed for a higher open on Wednesday with the S&P 500 crawling toward a record high as a sharp fall in U.S. oil stockpiles drove up prices, while investors remained on edge due to a stalemate over a new coronavirus relief bill.

Britain's NatWest is cutting at least 500 jobs across its retail business and closing one of its remaining offices in London as banks press on with costcutting in the face of a wave of expected loan losses due to the COVID19 pandemic.

The Railways has invited 12 Request for Qualifications for private participation in operation of passenger trains over 109 origin-destination pair of routes through introduction of 151 modern trains (rakes).

Official figures published on Wednesday also showed the world’s sixth-biggest economy entered a recession as it shrank for a second quarter in a row.

Asian stocks were set for choppy trade on Wednesday after Wall Street dipped amid growing uncertainty about an additional round of U.S. fiscal stimulus.

The step was taken after the United States determined that Hong Kong is “no longer sufficiently autonomous to justify differential treatment in relation to China”.

Crude oil gained more ground on Tuesday, with prices underpinned by expectations of U.S. stimulus and a rebound in Asian demand as economies reopen.

Singapore's recession was deeper than first estimated in the second quarter as the coronavirus pandemic dealt a major blow to Asia's tradereliant economies.

McDonald's Corp filed a lawsuit against former chief executive officer Stephen Easterbrook to recover compensation benefits after an internal investigation showed that he had sexual relationships with multiple employees, violating company policy, it said...

Gold prices edged lower on Monday and retreated sharply from a record peak in the last session, as the dollar made further gains with investors keeping a cautious eye on the U.S.China spat ahead of key trade talks on Aug. 15.

Shares in media company Next Digital surged more than 340% on Monday as supporters of its chairman Jimmy Lai, a staunch democracy activist, scooped up the stock after he was arrested under Hong Kong's new national security law.