Category: Business

News of an effective vaccine against the novel coronavirus is fueling bets that a global economic recovery will buoy wide swaths of the market that have struggled under nearly nine months of the COVID-19 pandemic. Pfizer Inc PFE.N said on Monday its experimental COVID-19 vaccine was more than 90% effective, a potentially major victory in […]

The Competition Commission of India (CCI) on Monday ordered a detailed probe against internet giant Google for alleged unfair business practices with respect to Google Pay as well as Google Play’s payment system. Google Pay is a popular digital payments platform while Google Play is the app store on its Android ecosystem. “… the Commission […]

Joe Biden’s projected win of the U.S. presidency and the Republican Party potentially retaining control of the U.S. Senate could drive a pickup in mergers and acquisitions (M&A) that took a hit amid the COVID-19 pandemic, dealmakers said. Bankers and lawyers who advise companies on M&A said the outcome, if confirmed, was the best possible […]

Pandemic-hit Norwegian Air NORR.OL faces a battle for survival this winter, it said on Monday after the country’s government declared that it will not provide additional financial support for the cash-strapped carrier. Norwegian Air, which has been hit hard by the coronavirus crisis and has grounded most of its fleet, said in August that it […]

Julius Baer has made an agreement with the U.S. Department of Justice (DoJ) to settle allegations over its role in corruption surrounding global soccer body FIFA, the bank said on Monday. The bank has taken a provision of $79.7 million to cover expected fines after agreeing in principal to a three-year deferred prosecution agreement. Julius […]

Mazda Motor Corp 7261.T on Thursday posted a 7.59 billion yen ($73.4 million) operating loss in the three months ended Sept 30 as sales contracted amid the coronavirus pandemic. The loss, calculated by Reuters from the company’s half-year result, compares with an 18.9 billion profit in the same quarter last year and a 45.3 billion […]

SoftBank Group Corp 9984.T said on Monday it spent 139.3 billion yen ($1.35 billion) repurchasing almost 20 million shares in October, part of a record buyback plan that has pushed the group’s share price to near two-decade highs. The repurchases represent a marked escalation from the 40 billion yen spent in September, with the buybacks […]