Business
SSAB Eyes Tata Steel Assets As European Consolidation Picks Up
Swedish steelmaker SSAB is in talks with Tata Steel about potentially buying the Indian group's IJmuiden steel mill in the Netherlands and related assets, it said on Friday.
DoorDash Shows Surge In Revenue Growth, Profitable Quarter In IPO Filing
DoorDash Inc, the U.S. food delivery startup backed by SoftBank Group Corp, made public on Friday its regulatory filing for a listing on the New York Stock Exchange, setting the stage for a blockbuster IPO before the end of the year.
Rosneft Swings To Net Loss, Hit By Pandemic And Weaker Rouble
Fallout from the pandemic and a weaker rouble sent Russian energy giant Rosneft to a thirdquarter net loss of 64 billion roubles ($827 million) from net income of 43 billion roubles in the previous quarter, the company said on Friday.
Amazon Not Shareholder, No Say in Company Affairs: Future Retail Tells Delhi HC
The SIAC on October 25 had passed an interim order in favour of Amazon barring FRL from taking any step to dispose of or encumber its assets or issuing any securities to secure any funding from a restricted party.
South Korean Firm To Produce 150 Million Doses A Year Of Russian COVID-19 Vaccine - RDIF
Russia's sovereign wealth fund said on Friday it had signed a deal with South Korea's GL Rapha for the biotechnology firm to produce over 150 million doses per year of the Sputnik V coronavirus vaccine.
Goldman Sachs Highlights Diversity In New Partner Class
Goldman Sachs Group Inc has invited 60 executives to become partners as of Jan. 1, nearly half of them from diverse backgrounds, the bank said on Thursday.
Business Events Scheduled For The Coming Week
Business events and economic reports scheduled for the coming week.
India Loses 21% of Brand Value to USD 2 Trillion Due to Covid-19 Pandemic: Report
The US continues to lead the brand value league with USD 23.73 trillion after losing 14.5 per cent of its followed by China, which lost its value by 3.7 per cent to USD 18.76 trillion, brand valuation and strategy consultancy Brand Finance said in the rep...
Emirates Turns To Dubai To See It Through Crisis After $3.4 Billion Loss
Stateowned Emirates said on Thursday that Dubai would help it through the coronavirus crisis after losses of $3.4 billion tipped the airline's holding company into its first halfyear loss in more than thirty years.
Most Wall Street Workers To Get Lower 2020 Bonuses - Study
Yearend bonuses for most Wall Street workers are expected to decline this year compared with 2019 due to the impact of the COVID19 impact on the U.S. economy, compensation firm Johnson Associates Inc said on Thursday.
Moderna Could Begin Analyzing COVID-19 Vaccine Data Within Days, Says Fauci
Moderna Inc could have data from a large trial of its experimental COVID19 vaccine anywhere between "a couple of days" to "a little more than a week", the top U.S. infectious disease expert said on Wednesday.
Wall Street Is Not Overly Worried Trump Can Overturn Election
U.S. stock investors have expressed concerns that President Donald Trump's effort to contest the U.S. election without evidence could roil markets temporarily, but few appeared seriously worried that challenges to the results will succeed.
Cold Storage Challenges Could Hamper Distribution Of Pfizer, Moderna COVID-19 Vaccines - Fauci
Anthony Fauci, director of the U.S. National Institute of Allergy and Infectious Diseases, on Wednesday said it would be challenging to distribute vaccines that use messenger RNA based technology in developing countries, owing to their cold storage requir...
Analysis: Pandemic Payment Holidays Mask Wave Of European Problem Debt
Pandemic payment breaks on European loans totalling billions of euros threaten to undermine efforts by the region's banks to put the coronavirus crisis behind them.
Diwali Muhurat Trading 2020: Timings, Significance And All You Need to Know
According to beliefs, the Muhurat trading brings wealth and prosperity throughout the following year. Before the Muhurat Session begins, traders perform Chopra Pooja in which accounting books are worshipped.
EU-UK Trade Talks Set To Go Past Mid-November Deadline - Sources
Britain and the European Union are likely to miss their midNovember deadline to clinch a postBrexit trade deal, with talks in London to break a deadlock expected to run through the end of this week, sources on both sides told Reuters on Wednesday.