US Business

Gold set for worst month in nearly 4 years on dollar bounce-back

20h39 Gold edged down on Wednesday, as a chaotic first U.S. presidential debate drove investors to the safety of the dollar and raised concerns over the next stimulus bill, leading the metal towards its worst. . .  Full story

Five ways the U.S. elections could affect equity markets

20h37 The upcoming U.S. presidential election will likely be an important catalyst for stock market moves in coming months as investors gauge the probabilities of a contested vote and the policies a potential winner would. . .  Full story

U.S. stocks set for sharp quarterly gain, but recent caution not over

20h22 U.S. stocks are set to close out another quarter with sharp gains on Wednesday, but investors could remain wary with the upcoming U.S. presidential election and mounting coronavirus cases.. . .  Full story

Wall Street surges on rekindled stimulus optimism

20h21 U.S. stocks jumped on Wednesday as fresh hopes for a new pandemic relief package and upbeat economic data set the major indexes on course to end the quarter on a high note.. . .  Full story

General Atlantic, Silver Lake co-investors buy stakes in Reliance's retail arm

20h05 India's Reliance Industries Ltd said on Wednesday private equity firm General Atlantic will invest 36.75 billion rupees ($498.31 million) for a 0.84% stake in its retail arm, while Silver Lake co-investors will also buy a. . .  Full story

Corn, soy, wheat surge on lower-than-expected U.S. grain stocks

19h58 Chicago Board of Trade corn and wheat futures on Wednesday reached their highest prices since March while soybean futures surged, after the U.S. Department of Agriculture surprised traders by reporting crop inventories that were smaller. . .  Full story

Palantir surges 38% in New York debut, valuation at nearly $22 bln

19h51 Shares of Palantir Technologies Inc , the U.S. data analytics firm known for its work with the Central Intelligence Agency and other government bodies, jumped 38% in their market debut on Wednesday, valuing the company. . .  Full story

Asana shares jump nearly 29% in NYSE debut

19h38 Shares of workplace software maker Asana Inc surged nearly 29% in their debut on the New York Stock Exchange, marking a strong opening for the first of two notable direct listings on Wednesday.. . .  Full story

Pelosi, Mnuchin meet in bid to reach U.S. COVID-19 relief deal

19h25 U.S. House of Representative Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin met on Wednesday in a bid to broker a bipartisan deal on stalled COVID-19 relief legislation ahead of the Nov. 3 election.. . .  Full story

U.S. corn, soy stocks fall as exports rise, government report shows

19h21 American soybean and corn stockpiles were smaller than expected as China stepped up its purchases of U.S. supplies during the summer, the U.S. government said on Wednesday.. . .  Full story

Meet the lawyers behind the upcoming U.S./Google antitrust showdown

19h00 The U.S. antitrust case against Alphabet Inc's Google will spotlight two lawyers better known for behind-the-scenes counseling: Justice Department attorney Ryan Shores, who is putting together the case, and Google executive Kent Walker, who is. . .  Full story

Russian energy group InterRAO to invest $580 mln in GE gas turbine JV

18h55 Russian state energy holding InterRAO plans to invest up to 45 billion roubles ($580 million) in its gas turbines joint venture with General Electric, Alexey Maslov, its head of strategy, said on Wednesday.. . .  Full story

U.S. airlines asked to delay furloughs if aid deal in sight

18h47 U.S. Treasury Secretary Steven Mnuchin urged U.S. airlines to delay tens of thousands of furloughs set to begin on Thursday if a bipartisan deal on a broad coronavirus relief package was in sight.. . .  Full story

Brazil's Bolsonaro slams Biden for 'coward threats' over Amazon

18h11 Brazilian President Jair Bolsonaro reacted angrily on Wednesday to U.S. Democratic presidential candidate Joe Biden's call for a world effort to offer Brazil $20 billion to end Amazon deforestation or face unspecified "economic consequences.". . .  Full story

FAA administrator begins 737 MAX evaluation flight in Seattle

17h59 Federal Aviation Administration Chief Steve Dickson began an evaluation flight at the controls of a Boeing 737 MAX Wednesday in Seattle just before 9 a.m. PDT, a key milestone as the U.S. planemaker works to. . .  Full story

U.S. private payrolls accelerate in September; many challenges loom

17h28 U.S. private employers stepped up hiring in September, but diminishing government financial assistance and a resurgence in new COVID-19 cases in some parts of the country could slow the labor market's recovery from the pandemic.. . .  Full story

U.S. House panel approves FAA reform bill after Boeing 737 MAX crashes

17h20 The U.S. House Committee on Transportation and Infrastructure on Wednesday unanimously approved bipartisan legislation to reform the Federal Aviation Administration’s (FAA) aircraft certification process in the wake of two fatal Boeing 737 MAX crashes that. . .  Full story

Yields lifted by strong data, stimulus bill hopes

17h00 Investors sold off their Treasury holdings on Wednesday morning, driving yields up, after strong economic data and renewed hopes that a stimulus bill would be passed reduced demand for the safe-haven securities.. . .  Full story

Sweden's MTG to merge e-sports arms ESL and DreamHack

17h00 Sweden's MTG said on Wednesday it was merging its two e-sports companies, ESL and DreamHack, in a bid to bolster the competitiveness of the two businesses in a market where the pandemic has put. . .  Full story

Global banks ramp up preparations for U.S. election night chaos, sources say

16h50 Global banks are preparing for the possibility that there will be no clear victor on the night of the U.S. presidential election, a scenario that could spark days or weeks of chaos in global. . .  Full story

Amundi expands in China as Beijing further opens up asset management

16h50 Amundi, Europe's largest asset manager, launched a wealth management venture in Shanghai on Wednesday and plans to set up an outbound investment business in Beijing as China opens its doors wider to global asset. . .  Full story

U.S. bans imports from Malaysian palm oil company FGV

16h32 The United States has banned imports of palm oil from Malaysian company FGV Holdings following an investigation into allegations it uses forced labour, the U.S. Customs and Border Protection (CBP) agency said on Wednesday.. . .  Full story

Chinese data center operator Chindata raises $540 million in U.S. IPO

16h31 Chinese data center operator Chindata Group Holdings Ltd on Wednesday raised $540 million in its U.S. initial public offering after it shares were priced at the top end of the targeted range.. . .  Full story

ConocoPhillips forecasts smaller-than-expected loss, to resume buybacks

16h21 ConocoPhillips on Wednesday forecast a smaller-than-expected quarterly adjusted loss and said it would resume buying back its shares after a historic collapse in crude prices forced the U.S. oil and gas producer to halt the. . .  Full story

Canada GDP seen rising through August, but COVID-19 resurgence risk ahead

16h16 The Canadian economy continued to expand in July and August, clawing back from a steep drop due to the coronavirus pandemic, though the pace of growth slowed through the summer, Statistics Canada data and. . .  Full story

Anthem to pay nearly $40 mln to settle data breach probe by U.S. states

16h11 Anthem Inc said on Wednesday it would pay $39.5 million as part of a settlement with U.S. states attorneys general following an investigation into a massive cyber-attack at the company in 2015.. . .  Full story

TSX gains on upbeat economic growth data

16h03 Canada's main stock index rose on Wednesday, after government data showed the domestic economy expanded in July, bolstering optimism around a post-coronavirus recovery.. . .  Full story

U.S. economy contracts at 31.4% annualized rate in second quarter

14h35 The U.S. economy suffered its sharpest contraction in at least 73 years in the second quarter because of the disruptions from the coronavirus, the government confirmed on Wednesday.. . .  Full story

Elanco to cut over 900 positions in first reorganization since Bayer unit deal

14h30 Elanco Animal Health Inc said on Wednesday it would cut more than 900 positions across nearly 40 countries, in the first restructuring action since the closing of its $6.89 billion acquisition of Bayer's veterinary drugs. . .  Full story

Mubadala to invest $2 bln in 25-yr strategy plan led by Silver Lake

14h17 Abu Dhabi sovereign wealth fund Mubadala Investment Co is investing $2 billion in a 25-year strategy plan led by U.S. private equity firm Silver Lake, the companies said on Wednesday.. . .  Full story

French plant-based protein maker Roquette sees short-term COVID-19 impact

14h00 The plant-based protein market has seen a slowdown in new product launches and lower sales in restaurants and cafeterias due to COVID-19 but benefited from more people cooking at home and trying new products,. . .  Full story

Travel slump threatens 46 million jobs, aviation group says

13h53 The impact of the coronavirus on travel may cost as many as 46 million jobs globally, according to projections published on Wednesday by an aviation industry group.. . .  Full story

Tesla to roll out China-made Model 3 cars with cobalt-free LFP batteries - sources

13h40 U.S. electric vehicle maker Tesla Inc is poised to start selling some Model 3 vehicles made in China equipped with cobalt-free lithium iron phosphate (LFP) batteries, two people familiar with the matter said.. . .  Full story

Oasis Petroleum files for bankruptcy as shale slump drags on

13h22 Oasis Petroleum Inc filed for Chapter 11 bankruptcy protection on Wednesday, the latest U.S. shale producer to seek court-aided restructuring as the energy industry reels under an unprecedented crash in oil prices due. . .  Full story

Ginseng piles up in Canada during pandemic despite Chinese demand

13h00 The pandemic's crushing effect on international travel has grounded Canadian exports of ginseng, a root widely used in Asia to treat everything from the common cold to impotency, at a time when health is top. . .  Full story

New Zealand's Ardern admits to cannabis use 'a long time ago'

12h24 New Zealand's ruling party leader Jacinda Ardern said she tried cannabis "a long time ago" when asked during a heated live debate on Wednesday ahead of the Oct 17 general election.. . .  Full story

U.S., Taiwan to team up on infrastructure in pushback against China

12h24 The United States and Taiwan will work together on infrastructure projects in the Indo-Pacific region and Latin America, officials said on Wednesday, in an implicit pushback for China's own massive regional investment plans.. . .  Full story

In Pennsylvania coal country, miners forgive Trump for failed revival

12h00 Rick Bender, who owns a coal processing plant in Hegins, Pennsylvania, voted for Republican Donald Trump in 2016, in part because of his promise to revive the industry from a decade-long decline.. . .  Full story

Fortress Investment to inject $540 mln in Japanese rental firm Leoplace21

11h50 U.S. investment fund Fortress Investment Group will inject 57 billion yen ($540 million) in cash-strapped apartment rental firm Leopalace21 Corp, the Japanese company said on Wednesday.. . .  Full story

China preparing an antitrust investigation into Google -sources

11h26 China is preparing to launch an antitrust probe into Alphabet Inc's Google, looking into allegations it has leveraged the dominance of its Android mobile operating system to stifle competition, two people familiar with the matter. . .  Full story

Taiwan trade deal on Trump administration's radar, lawmaker says

11h00 A group of Republican lawmakers seeking to counter national security and economic threats from China is calling for the United States to open trade talks with Taiwan, a plan which is "very much" on. . .  Full story

Italy's Eni set to take over Indonesian Deepwater Development -regulator

09h59 Italy's Eni is expected to take over the Indonesian Deepwater Development (IDD) project as operator Chevron sells its interest in the gas venture, the chairman of the country's upstream oil and gas regulator said on. . .  Full story

Trade disputes could multiply without WTO reform - candidate

09h35 Trade disputes could extend beyond the current U.S.-China conflict if the World Trade Organization is unable to transform, according to the South Korean vying to lead the Geneva-based body.. . .  Full story

Australia shares slump as Trump-Biden debate stokes caution

08h55 Australian shares fell more than 2% on Wednesday, with miners and financials suffering major blows, as investors tracked Wall Street futures lower after the first U.S. presidential debate stoked caution and uncertainty ahead of. . .  Full story

Japanese shares slump after tumultuous Trump-Biden debate

08h28 Japanese shares fell on Wednesday, tracking decline in U.S. stock futures after a combative debate between President Donald Trump and Democrat Joe Biden increased concerns about an indecisive election outcome.. . .  Full story

JGBs little changed as U.S. presidential debate fails to sway traders

07h10 Yields on Japanese government bonds were little changed on Wednesday after neither candidate in a U.S. presidential debate emerged with a clear advantage in what is expected to a close election.. . .  Full story

Investors react to first Trump-Biden election debate

06h21 Republican President Donald Trump and Democratic rival Joe Biden sparred on stage for the first time on Tuesday in a pivotal debate ahead of the Nov. 3 U.S. presidential election.. . .  Full story

Pfizer to buy 9.9% of CStone for $200 mln, eyes collaboration

05h00 CStone Pharmaceuticals said on Wednesday a unit of Pfizer Inc had agreed to buy a 9.9% stake for HK$1.55 billion ($200 million), as the Hong Kong-listed biopharmaceutical firm seeks to improve the commercialisation of its. . .  Full story

Japanese shares edge lower as cautious traders watch Trump-Biden debate

04h18 Japanese shares fell on Wednesday, tracking overnight declines on Wall Street, as U.S. President Donald Trump and Democrat Joe Biden traded barbs in a testy debate that made most investors reluctant to take on. . .  Full story

Female-led blank-check firm aims to raise $300 mln in U.S. IPO

03h04 A blank-check company that is one of only a small number of female-led special purpose acquisition companies is looking to raise $300 million in a U.S. initial public offering, the company said on Tuesday.. . .  Full story

NextEra Energy made takeover approach to Duke - WSJ

02h35 Power producer NextEra Energy Inc recently made a takeover approach to peer Duke Energy Corp, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.. . .  Full story

Disney to lay off 28,000 due to COVID, New York City imposes mask fines

02h07 New York City's mayor on Tuesday threatened to fine anyone caught in public without a mask, and the Walt Disney Co said it would lay off some 28,000 employees as its flagship California theme. . .  Full story

Trump issues permit for Alaska to Alberta railway

02h03 President Donald Trump has issued a presidential permit for a private-sector proposal to build a railway from Canada's oil sands to ports in Alaska, a project that still faces numerous hurdles.. . .  Full story

Apple grants CEO Tim Cook first major stock package since 2011

01h45 Apple Inc on Tuesday granted CEO Tim Cook 333,987 restricted stock units, with a possibility to earn as many as 667,974 more if he hits performance targets, in the executive's first stock grant since. . .  Full story

Republicans stay loyal to Trump despite concerns about his taxes

01h02 A sizable minority of Republicans say U.S. President Donald Trump has not paid his fair share of taxes and worry that his family business has influenced his decisions in office, yet most are still. . .  Full story

Trump, Biden healthcare differences in spotlight amid pandemic, Supreme Court fight

00h38 Healthcare, always a top concern for U.S. voters, has taken on even greater importance amid a coronavirus pandemic that has killed more than 205,000 Americans and cost millions more their jobs.. . .  Full story

Kuwait mourns Emir Sheikh Sabah, veteran defender of Arab unity

29/09 Kuwait's Emir Sheikh Sabah al-Ahmad al-Sabah died on Tuesday aged 91, plunging his country into mourning for a leader regarded by many Gulf Arabs as a savvy diplomatic operator and a humanitarian champion.. . .  Full story

NYSE sets $21 reference price for Asana's direct listing

29/09 The New York Stock Exchange on Tuesday set a reference price of $21 for the direct listing of workplace app Asana Inc.. . .  Full story

NYSE sets reference price of $7.25 for Palantir's direct listing

29/09 The New York Stock Exchange on Tuesday set a reference price of $7.25 for U.S. Central Intelligence Agency-backed Palantir Technologies Inc's direct listing.. . .  Full story

Colorado oil regulators endorse new drilling restriction

29/09 Colorado's oil and gas regulator this week gave preliminary approval for a rule to require a 2,000-foot (610 meter) separation between new oil and gas wells and public spaces, compared to as little as. . .  Full story

U.S. DoJ's antitrust head sets sights on Wall Street data pricing - Bloomberg News

29/09 The head of the U.S. Justice Department's antitrust division, Makan Delrahim, is paying close attention to the data that securities exchanges sell to banks and investment companies, Bloomberg News reported on Tuesday.. . .  Full story

US STOCKS-Wall Street closes lower, ending 3-day rally ahead of U.S. presidential debate

29/09 Wall Street closed lower on Tuesday, snapping a three-day winning streak as investors took money off the table hours before the first U.S. presidential debate.. . .  Full story

Yields range-bound ahead of presidential debate, jobs data

29/09 U.S. Treasury yields fell slightly on Tuesday, trading within a tight range as investors held off from making large moves ahead of the presidential debate later in the day and employment data due on. . .  Full story

NY Fed's Williams sees about three years for full U.S. recovery

29/09 The U.S. recovery from the coronavirus-linked recession has been more robust than expected, a top Federal Reserve policymaker said on Tuesday, though he added it could be about three years before the economy regains its. . .  Full story

Wall Street's IPO enemies ready one-two punch

29/09 There have only been two direct listings on the New York Stock Exchange in the last two years. There are about to be two more in a single day.. . .  Full story

JPMorgan to pay $920 mln for manipulating precious metals, treasury market

29/09 JPMorgan Chase & Co has agreed to pay more than $920 million and admitted to wrongdoing to settle federal U.S. market manipulation probes into its trading of metals futures and Treasury securities, the U.S.. . .  Full story

Steady growth to record crash: How the pandemic recast Trump's economic record

29/09 U.S. President Donald Trump and Democratic rival Joe Biden hold the first of three debates Tuesday night ahead of the Nov. 3 election, and the economy is expected to be a key topic.. . .  Full story

Corn eases as U.S. harvest advances; USDA stocks data awaited

29/09 U.S. corn futures declined on Tuesday on expectations of rapid harvest progress this week, analysts said.. . .  Full story

U.S. consumer confidence posts biggest gain in 17 years; downside risks remain

29/09 U.S. consumer confidence rebounded by the most in 17 years in September amid an improvement in labor market views, but it remained below levels that prevailed before the COVID-19 pandemic struck the nation early this. . .  Full story

Fast take: A rise in consumer confidence could boost vote for Trump

29/09 Voters are feeling more optimistic about the economy as they weigh their choices in the upcoming U.S. presidential election, which could give President Donald Trump a boost in his battle against Democratic presidential nominee. . .  Full story

Argentina's Uala expands to Mexico as pandemic fuels need for digital payments

29/09 Argentine digital banking startup Uala is expanding operations to Mexico, the company said on Tuesday, as the global pandemic fuels a boom in demand for cashless payment options.. . .  Full story

Abu Dhabi's Mubadala in advanced talks to invest up to $1 bln in Reliance Retail-sources

29/09 Abu Dhabi state fund Mubadala Investment Co is in advanced talks to invest up to $1 billion in the retail division of India's Reliance Industries Ltd, two sources told Reuters, as investor interest in the. . .  Full story

Emissions crunch drives VW to overhaul its supercar strategy

29/09 Volkswagen is reviewing the future of its high-performance brands Lamborghini, Bugatti and Ducati as part of broader quest for more economies of scale as it shifts to mass producing electric cars, senior executives told Reuters.. . .  Full story

U.N. chief urges increase in funding for IMF to help pandemic-hit countries

29/09 United Nations Secretary-General Antonio Guterres on Tuesday called for an increase in funding for the International Monetary Fund and expanded debt relief to help developing and middle-income countries recover from the novel coronavirus pandemic.. . .  Full story

Pakistan to auction extra telecom spectrum; seeks $1 bln -sources

29/09 Pakistan will this week begin the process of selling unused telecom spectrum in an auction it hopes will raise around $1 billion and enhance network capacity, said three senior government officials familiar with the. . .  Full story

U.S. court backs FTC lawsuit to block Peabody, Arch Resources JV

29/09 Coal miner Peabody Energy said on Tuesday a district court has upheld the U.S. Federal Trade Commission's lawsuit to block the company's joint venture with Arch Resources in Wyoming.. . .  Full story

CME notifies traders of COVID-19 case in eurodollar options pit - memo

29/09 CME Group Inc informed its members of a positive COVID-19 case in someone who had been in the eurodollar options pit on Sept. 25, according to an internal memo seen by Reuters on Tuesday.. . .  Full story

Pelosi 'hopeful' as she and Mnuchin speak on coronavirus aid, plan further talks

29/09 U.S. House Speaker Nancy Pelosi said on Tuesday she hoped to have a coronavirus aid deal with the White House this week, after speaking with Treasury Secretary Steve Mnuchin for about 50 minutes and. . .  Full story

AUTO1 starts preparations for stock market float -sources

29/09 AUTO1 Group, the European digital used-car trading platform, is starting preparations for a 2021 stock market flotation, seeking to benefit from high technology valuations and to raise cash for future growth, people close to the. . .  Full story

Dutch chipmaker NXP opens gallium-nitride 5G chip plant in Arizona

29/09 Netherlands-based chipmaker NXP Semiconductors NV on Tuesday said it has opened a factory in the U.S. state of Arizona to manufacture chips used in fifth-generation (5G) telecommunications equipment.. . .  Full story

Ironwood to cut 100 jobs after acid reflux drug fails study

29/09 Ironwood Pharmaceuticals Inc said on Tuesday it will cut about 100 jobs after its therapy to treat digestive disorder refractory gastroesophageal reflux failed to significantly reduce heartburn severity in a late-stage trial.. . .  Full story

AppHarvest to go public via merger with blank-check firm

29/09 Agricultural technology firm AppHarvest said on Tuesday it would go public through a merger with a blank-check company in a deal that will value the company at $1 billion.. . .  Full story

Golar unit CEO takes leave of absence following corruption probe

29/09 Golar LNG said on Tuesday Hygo Energy Transition Ltd Chief Executive Officer Eduardo Antonello has taken leave of absence with immediate effect, following a corruption investigation involving him in Brazil.. . .  Full story

TSX falls on fresh lockdown measures; oil weighs

29/09 Canada's main stock index fell on Tuesday as fresh COVID-19 lockdown measures on bars and restaurants dampened recovery hopes, while energy stocks fell on lower oil prices as rising coronavirus infections caused demand worries.. . .  Full story

U.S. consumer confidence rebounds in September

29/09 U.S. consumer confidence rebounded more than expected in September as households' views of the labor market improved.. . .  Full story

Thiel-backed fintech Deposit Solutions launches in United States

29/09 Deposit Solutions, a German fintech firm backed by Silicon Valley investor Peter Thiel, is launching its savings portal in the United States as it seeks a slice of the $16 trillion market for deposits. . .  Full story

Devon-WPX deal offers a playbook for future shale consolidation

29/09 The latest business combination in the U.S. shale patch is signaling a path forward for the troubled sector.. . .  Full story

Fed's Kaplan sees costs to pinning rates at zero

29/09 The U.S. central bank should keep interest rates at their current near-zero levels until the economy is back on track to full health, likely by late 2022 or sometime in 2023, Dallas Federal Reserve. . .  Full story

Amid war and turmoil, Kuwait emir struggled for Gulf unity

29/09 Kuwait's emir, an unwavering champion of Arab detente amid wars and regional tumult, helped lead his country out of the ruin of Iraq's 1990 invasion to renewed riches and a Gulf mediator role, first. . .  Full story

Microsoft says disruption to Teams, Outlook resolved

29/09 Microsoft Corp has resolved a major outage to its Microsoft 365 services that impacted users of business products including Outlook and Teams, the company said on Tuesday.. . .  Full story

U.S. goods trade deficit widens in August

29/09 The United States' trade deficit in goods widened in August, with imports rising as businesses rebuild inventories which were depleted when the COVID-19 pandemic upended the flow of goods. The Commerce Department said on Tuesday. . .  Full story

Germany postpones plans to purchase new military helicopters

29/09 Germany has postponed plans to award a contract to replace its heavy-lift helicopters because the bids on the table are uneconomical, the defence ministry said on Tuesday.. . .  Full story

Meatpackers deny workers benefits for COVID-19 deaths, illnesses

29/09 Saul Sanchez died in April, one of six workers with fatal COVID-19 infections at meatpacker JBS USA's slaughterhouse in Greeley, Colorado, the site of one of the earliest and deadliest coronavirus outbreaks at a. . .  Full story

AIA Group CIO says equity volatility is biggest risk, has hedged

29/09 Heightened equity market volatility extending beyond the U.S. presidential election is the most significant risk for investors, AIA Group's chief investment officer said on Tuesday.. . .  Full story

Hitachi plans to sell Hitachi Metals in a deal worth over $6 bln -sources

29/09 Hitachi Ltd plans to launch a sale of its materials unit as early as next month in a deal that could be worth more than 700 billion yen ($6.6 billion), three people with knowledge. . .  Full story

China home prices to rise faster in 2020, but growth seen slowing as Beijing talks tough

29/09 China's home prices are expected to rise slightly more this year than expected, though at a slower pace than last year, as Beijing shifts to de-leverage the sector amid an economic recovery, a Reuters. . .  Full story

Chinese delivery firm ZTO Express up 9% in Hong Kong debut

29/09 Shares of Chinese delivery firm ZTO Express (Cayman) Inc were trading nearly 9% above their offer price as the stock debuted in Hong Kong on Tuesday.. . .  Full story

Pandemic to keep Asia's growth at lowest since 1967, warns World Bank

29/09 The coronavirus pandemic is expected to lead to the slowest growth in more than 50 years in East Asia and the Pacific as well as China, while up to 38 million people are set. . .  Full story

U.S. House COVID-19 aid proposal gives airlines bailout hope, but chances slim

29/09 A $2.2 trillion draft bill for coronavirus aid unveiled by Democrats in the U.S. House of Representatives late on Monday gave airlines some hope for a second bailout before tens of thousands of layoffs. . .  Full story

U.S. EPA chief challenges California effort to mandate zero emission vehicles in 2035

29/09 The head of the U.S. Environmental Protection Agency (EPA) on Monday questioned California Governor Gavin Newsom's plan to require all new passenger vehicle sales in 2035 be zero-emission models, according to a letter seen by. . .  Full story

U.S. lawmakers propose airplane certification reforms after fatal Boeing crashes

29/09 The leaders of the U.S. House Committee on Transportation and Infrastructure on Monday introduced bipartisan legislation to reform the Federal Aviation Administration's (FAA) aircraft certification process in the wake of two fatal Boeing 737 MAX. . .  Full story

Cyber security firm McAfee files for U.S. IPO

29/09 Cyber security firm McAfee Corp filed for a U.S. initial public offering on Monday, as the company carved out of Intel Corp four years ago looks to take advantage of a rebound in capital. . .  Full story

Tankers carrying Iranian fuel begin entering Venezuelan waters -data

29/09 The first of a group of three tankers carrying Iranian fuel for gasoline-starved Venezuela entered the waters of the South American nation on Monday, according to Refinitiv Eikon data, in the most recent sign. . .  Full story