Business

Indonesia revised down its 2020 gross domestic product (GDP) outlook on Tuesday, expecting a steeper contraction due to the fallout of the coronavirus pandemic even as it tries to ramp up spending to cushion the blow.

Illumina Inc said on Monday it would buy cancer screening startup Grail Inc in a cashandstock deal worth $8 billion, buying out investors including Jeff Bezos and snatching back a business it hived off four years ago as a separate company.

AngloGold Ashanti reinstated but trimmed its annual production guidance on Monday citing improved operating certainty including the expected conclusion of its sale of its South African assets.

Asian shares held to tight ranges on Monday, as did currencies, as investors awaited developments on U.S. fiscal stimulus and coronavirus vaccines amid a resurgence of infections in Europe.

Indonesia has suspended exports from an Indonesian seafood company PT Putri Indah into China after its frozen fish products tested positive for the coronavirus, the country's fisheries ministry said in a statement on Saturday.

In the wake of the coronavirus pandemic, the government decided to suspend the provisions starting from March 25 for six months by promulgating an ordinance in June.

Three women, two of them from Africa, advanced to the second round of selection to become the next directorgeneral of the World Trade Organization as the field was cut from eight to five, the Genevabased body said on Friday.

The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020, introduced in the Lok Sabha on Friday proposes to extend faceless assessment scheme to at least eight processes in income tax law.

U.S. consumer sentiment increased in early September, with Democrats more upbeat about the economy's outlook compared to Republicans ahead of the Nov. 3 presidential election.

Ryanair has been forced to cut its capacity in October by a further 20% and may have to do the same for the rest of the winter unless European Union governments ease their COVID19 travel restrictions, it said on Friday.

Ericsson has agreed to buy U.S.based wireless networking company Cradlepoint in a $1.1 billion deal, the Swedish telecoms gear maker said on Friday, as part of plans to expand its 5Grelated products for business customers.

British shoppers spent more last month, taking sales further above preCOVID levels, as strong online demand helped much of the sector rebound faster than the rest of the economy.

Oil prices rose for a fourth straight day on Friday as Goldman Sachs estimated the market is in deficit and a new storm started building in the Gulf of Mexico, putting crude on track for a weekly gain of about 10%.

White House Chief of Staff Mark Meadows met with major airline chief executives on Thursday as the industry braces for thousands of job cuts in two weeks, and urged lawmakers to embrace a $1.5 trillion coronavirus aid package proposed by a bipartisan cong...

In the meeting with the finance minister, Yediyurappa sought release of pending funds under various heads, the statement said.

Global equity markets and gold slumped, while the dollar eased on Thursday after the Federal Reserve reminded investors of the long slog ahead for a full recovery that was reinforced by data showing persistently high claims for U.S. unemployment benefits.