Business
Saudi Arabia's National Commercial Bank Says it Will Buy Rival Lender Samba in $15 Billion Deal
The deal underscores a push by financial lenders to consolidate as the kingdom grapples with the twin shocks of a coronavirus-led economic slowdown and low crude oil prices.
Brazil President To Meet Soy Farmers Amid Oilseeds Price Inflation
Brazilian President Jair Bolsonaro said on Saturday that he plans to meet with local soy farmers next week to discuss a rise in prices of the nation's most prized export commodity.
Health Canada To Start Real-time Review Of Pfizer-BioNTech COVID-19 Vaccine
Health Canada will start a realtime review of Germany's BioNTech SE and Pfizer Inc's experimental COVID19 vaccine, the companies said on Friday.
Oil Prices Head For 10% Weekly Jump As Norwegian Supply Faces Drop
Oil prices eased on Friday, slipping at the end of a week of big gains made on the risk that supplies from Norway could be slashed by up to 25% due to a strike by oilworkers.
Exclusive: HSBC Targets Net Zero Emissions By 2050, Earmarks $1 Trillion Green Financing
HSBC will target net zero carbon emissions across its entire customer base by 2050 at the latest, and provide between $750 billion and $1 trillion in financing to help clients make the transition, its Chief Executive Noel Quinn told Reuters.
Senate Democrats Question BlackRock Climate Commitment
Five Democratic U.S. senators on Thursday asked BlackRock Inc to justify why it rarely supported shareholder resolutions tied to climate change issues despite its increased focus on the environment this year.
Jet Airways Shares Jump 5% Amid Reports Claiming Bid Win by Consortium
On NSE, it gained 4.88 per cent to settle at Rs 30.10. A clarification was also sought by BSE from Jet Airways regarding reports about the consortium winning the bid under the insolvency resolution process.
Unemployment and Infectious Diseases Emerge as Top Challenges for Business Leaders: WEF Survey
'Infectious diseases' progressed by 28 spots, appearing in the top-10 risks in all regions except South Asia, in a year where the COVID-19 pandemic dominated global health concerns. The survey pulls 30 risks, including terrorist attacks, extreme weather e...
Norway Strike Could Knock Out A Quarter Of Oil, Gas Output Next Week
A strike by Norwegian oil workers could knock out almost a quarter of the country's petroleum production by Oct. 14, operators say, raising the prospect of further price rises on the international oil market.
U.S. Oil-export Projects Stall As Output Slips, Opposition Builds
The coronavirus pandemic has stalled a oncefurious race among energy companies to build deepwater oil export terminals off the Texas coast, amid permitting delays and rising environmental opposition.
Streaming Provider FuboTV Raises $183 Million In IPO Ahead Of NYSE Debut
Streaming provider fuboTV Inc sold shares in its initial public offering (IPO) on Wednesday at $10 apiece, within its target range, to raise $183 million.
Oil Prices Rise As Hurricane Delta Approaches U.S. Gulf Of Mexico
Oil prices rose on Thursday as oil workers evacuated rigs in the U.S. Gulf of Mexico ahead of Hurricane Delta, though fuel demand concerns persisted on fading chances for an economic stimulus deal in the United States, the world's biggest oil consumer.
Fed Could Boost Bond Buys, But Won't For Now, Policymakers Say
The Federal Reserve could ramp up its bond purchasing program to push down further on borrowing costs, but for now the U.S. economy's most pressing need is for a new round of government spending, U.S. central bankers said on Wednesday.
US Consumer Spending Fell By $7.2 Billion In August
U.S. consumers cut back on their borrowing in August, with credit card use dropping for a sixth straight month, reflecting caution in the midst of the pandemictriggered recession.
SURE Thing: EU Jobs Scheme Funding A Template For Heftier Recovery Fund Issuance
Debt sales to fund Europe's pandemiclinked unemployment scheme kick off later this month, a test run for groundbreaking plans to transform the European Union into one of the world's largest bond issuers in less than a decade.
Wall Street Falls 2% After Trump Calls Off Coronavirus Relief Talks
U.S. stocks fell sharply and were down more than 2% in late afternoon trading Tuesday after President Donald Trump said he was calling off negotiations with Democratic lawmakers on coronavirus relief legislation until after the election.