Business
Exclusive: World Bank Seeks Board Approval For $12 Billion Coronavirus Vaccine Financing Plan
World Bank President David Malpass said on Tuesday he is seeking board approval for a $12 billion (£9.33 billion) coronavirus vaccine financing plan to help poor and developing countries secure a sufficient share of vaccine doses when they become availabl...
United Airlines, Myovant Fall; FitBit, Beyond Meat Rise
Stocks that moved heavily or traded substantially Tuesday:
Amendments to Companies Law Get President Kovind's Assent
President of India Ram Nath Kovind has accorded assent to the bill, according to a notification dated September 28. The bill has now become an Act, the official said.
Exclusive: Rosneft, Aramco Unlikely To Bid For India BPCL Privatisation - Sources
Oil majors Rosneft and Saudi Aramco are unlikely to bid in the privatisation of Indian refiner cCorp, sources familiar with the matter said, as low oil prices and weak fuel demand curb their investment plans.
Diageo, Cleveland-Cliffs Rise; Aquestive, Inovio Fall
Stocks that moved heavily or traded substantially Monday:
NCLAT May Reconsider Its 5-member Bench Ruling on Debt Acknowledgement for Insolvency Plea
The issue pertains to whether entries in the balance sheet can be treated as an acknowledgement of debt for the purpose of calculating the three-year period limitation in terms of applicability of Section 18 of the Limitation Act, 1963.
RBI To Keep Rates On Hold, Provide Economic Forecasts
The Reserve Bank of India is expected to keep key rates unchanged this week, but may for the first time since February provide guidance on how the economy is performing amid the coronavirus pandemic.
Oil Slips As Surge In Virus Cases Cloud Demand Recovery
Oil prices dipped on Monday as rising coronavirus cases upset hopes for a smooth recovery in fuel demand, with the main crude benchmarks on track for their first monthly falls in multiple months after last week's slips.
TikTok Fate In The Balance As Judge Weighs App Store Ban
Lawyers for TikTok pleaded with a U.S. federal judge on Sunday to delay the Trump Administration's ban of the popular video sharing program from app stores set to take effect at the end of the day, arguing the move would infringe on First Amendment rights...
China Suspends Seafood Imports From Two Russian Vessels For A Month
China will stop accepting import declarations from two Russian vessels for four weeks, after the coronavirus was detected on the outer packaging and samples of Russian aquatic products.
Google Parent Agrees To $310M Misconduct Lawsuit Settlement
Google's parent company has reached a $310 million settlement in a shareholder lawsuit over its treatment of allegations of executives' sexual misconduct.
Karnataka Assembly Passes Bill to Raise State's Borrowing Limit from 3% of GSDP to 5%
The Karnataka Fiscal Responsibility (Amendment) Bill,2020, that amends the 2002 act, will allow the state, which is facing a severe financial crunch due to the COVID-19 pandemic, to raise an additional Rs 36,000 crore in loan, to meet various expenditures...
Vodafone Wins International Arbitration Against India In $2 Bln Tax Case - Sources
Vodafone Group Plc has won an international arbitration case against the Indian government in a $2 billion tax dispute, two sources with direct knowledge of the matter said.
Market Volatility Prompts Investors To Seek Out Long-short Equity
Stretched valuations and the resulting pullback in equities have prompted more interest in long/short fund strategies that can provide some protection against market declines and wild swings, hedge fund and asset managers say.
Orders For Big-ticket US Manufactured Goods Up Weak 0.4%
Orders to U.S. factories for bigticket manufactured goods increased just 0.4% in August following a much larger gain in the previous month.
UK Public Borrowing Overtakes Financial Crisis Peak
British public borrowing surged again in August to a new record high, driven by huge outlays to combat the coronavirus pandemic, with the budget deficit so far this tax year overtaking its fullyear peak during the global financial crisis.