Business
Exclusive: Hygo Postpones IPO, May Scrap Listing After CEO Named In Brazil Probe - Sources
Liquefied natural gas firm Hygo Energy Transition Ltd has postponed its planned New York initial public offering for several weeks and may scrap the listing entirely after its CEO was named in the early stages of a corruption investigation in Brazil, two...
Moderna Says COVID-19 Vaccine Unlikely To Be Ready Before U.S. Election - FT
Moderna Inc will not be ready to apply for emergency authorization for its potential COVID19 vaccine before the U.S. presidential election in November, the Financial Times reported on Wednesday, citing the company's chief executive officer.
Govt Keeps Interest Rates on Small Savings Schemes Unchanged for Oct-Dec Quarter
Interest rates for small savings schemes are notified by the Finance Ministry on a quarterly basis.
US Says It Will Block Palm Oil From Large Malaysian Producer
An official from U.S. Customs and Border Protection said Wednesday the agency will detain shipments of palm oil and its products from FGV Holdings Berhad in Malaysia after a wide range of labor abuse indicators were found, including physical and sexual vi...
Trade Disputes Could Multiply Without WTO Reform - Candidate
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 Genevabased body.
Asian Markets Dip As Investors Brace For U.S. Presidential Debate
Asian shares slipped and the dollar was under pressure on Wednesday in the lead up to the first U.S. presidential debate, as financial markets looked to take a measure of both candidates.
Closing Prices For Crude Oil, Gold And Other Commodities
Benchmark U.S. crude oil for November delivery fell $1.31 to $39.29 a barrel Tuesday. Brent crude oil for November delivery fell $1.40 to $41.03 a barrel.
ArcelorMittal South Africa To Restart Furnace On Higher Steel Demand
Steel producer ArcelorMittal South Africa said on Tuesday it would restart the second blast furnace at its Vanderbijlpark operations in January due to higher steel demand.
U.S. Charges Former Amazon Manager And Her Family Members With Insider Trading
The Securities and Exchange Commission on Monday charged a former finance manager at Amazon.com, Inc. and two of her family members with insider trading in advance of the company's earnings announcements between January 2016 and July 2018.
Cleveland-Cliffs Buys ArcelorMittal's US Business For $1.4b
ClevelandCliffs is making its second billiondollar acquisition in less than a year with the purchase of steel maker ArcelorMittal's U.S. business for about $1.4 billion in cash and stock.
U.S. Appeals At WTO To Place Canada Lumber Case In Legal Void
The United States is appealing at the World Trade Organization against a ruling that largely favoured Canada in a longrunning dispute over lumber, putting the case into a legal void.
Undeterred By Pandemic, Aldi Sticks To UK Store Expansion Plan
Aldi will open around 100 supermarkets and invest 1.3 billion pounds ($1.7 billion) in Britain over the next two years, the German firm said on Monday, as it sticks to its growth plans despite the impact of the coronavirus on shopping habits.
RBI to Implement Positive Pay System from January 1, 2021; Here's How it Will Work
The central bank has asked all the banks to spread awareness on the positive pay system among their customers through SMS or putting out information regarding that in branches.
Most Executives Seek Work-life Balance After Experiencing Pandemic Blues - Survey
Nearly eight out of 10 corporate executives have experienced poor mental health during the coronavirus crisis, prompting a number of them to reevaluate and improve worklife balance, a survey showed on Monday.
Maine Lobster Business Salvaged Its Summer Despite Pandemic
Maine's lobster fishermen braced for a difficult summer this year because of the coronavirus pandemic, but then the unexpected happened. They kept catching lobsters, and people kept buying them.
Trai Drops Probe Against Vodafone Idea After Telco Withdraws Speed Claim, Tweaks Priority Plan Offer
Vodafone Idea has withdrawn contentious claims on faster speed and modified its offering, brings down curtains on the controversial priority plan issue which saw the Trai initiating a probe into the telco’s claims of priority network and faster data speed...