Source: Oracle wins TikTok over Microsoft in Trump-urged bid

The owner of TikTok has chosen Oracle over Microsoft as the American tech partner that could help keep the popular video-sharing app running in the U.S., according to a source familiar with the deal who ...

Oracle wins TikTok over Microsoft in Trump-urged bid: Report

TikTok and the White House declined to comment Sunday. Oracle didn’t return a request for comment but has previously declined comment.

TikTok picks Oracle over Microsoft in Trump-forced sales bid

The Trump administration has threatened to ban TikTok by Sept. 20, citing national security concerns.

Oracle wins TikTok over Microsoft in Trump-urged bid: Report

Microsoft announced that its bid to acquire TikTok's US operations was rejected

Source: Oracle wins TikTok over Microsoft in Trump-urged bid

The owner of TikTok has chosen Oracle over Microsoft as the American tech partner that could help keep the popular video-sharing app running in the U.S., according to a source familiar with the deal who was not authorized to speak publicly about it.

TikTok picks Oracle over Microsoft in Trump-forced sales bid

The owner of TikTok has chosen Oracle over Microsoft as its preferred suitor to buy the popular video-sharing app, according to a source familiar with the deal who was not authorized to speak publicly about it.

TikTok picks Oracle over Microsoft in Trump-forced sales bid | Honolulu Star-Advertiser

The owner of TikTok has chosen Oracle over Microsoft as its preferred suitor to buy the popular video-sharing app, according to a source familiar with the deal who was not authorized to speak publicly about it.

Source: Oracle wins TikTok over Microsoft in Trump-urged bid

Microsoft says its bid to buy popular video-sharing app TikTok has been rejected, removing a leading suitor for the Chinese-owned app a week before President Donald Trump promises to follow through with a plan to ban it in the U.S.

TikTok picks Oracle over Microsoft in Trump-forced sales bid

Microsoft says its bid to buy popular video-sharing app TikTok has been rejected, removing a leading suitor for the Chinese-owned app a week before President Donald Trump promises to follow through with a plan to ban it in the U.S.

TikTok owner chooses Oracle to acquire video-sharing app in US after Trump ordered it to sell up

The Trump administration has claimed the China-owned app represents a security risk to the US.

TikTok owner picks Oracle over Microsoft as US tech partner

The owner of TikTok has chosen Oracle over Microsoft as the American tech partner that could help keep the popular video-sharing app running in the U.S., according to a person familiar with the deal w

TikTok Owner Picks Oracle Over Microsoft as US Tech Partner

The owner of TikTok has chosen Oracle over Microsoft as the American tech partner that could help keep the popular video-sharing app running in the U.S., according to a person familiar with the dea…

Source: Oracle wins TikTok over Microsoft in Trump-urged bid

The owner of TikTok has chosen Oracle over Microsoft as the American tech partner that could help keep the popular video-sharing app running in the U.S., according to a source familiar with the deal who was not authorized to speak publicly about it. Microsoft announced Sunday that its bid to acquire TikTok’s U.S. operations was …

TikTok picks Oracle over Microsoft in Trump-forced sales bid

The owner of TikTok has chosen Oracle over Microsoft as its preferred suitor to buy the popular video-sharing app, according to a source familiar with the deal who was not authorized to speak publicly about it.Microsoft announced Sunday that its bid for TikTok was rejected, removing the tech giant from the running a week before President Donald Trump promises to follow through with a plan to ban the Chinese-owned app in the U.S. over spying concerns.TikTok and the White House declined to comment Sunday. Oracle didn’t return a request for comment but has previously declined comment.

TikTok teams with Oracle

Oracle said Monday that the Chinese owner of TikTok has picked the U.S. company to be its “trusted technology provider," beating out rival Microsoft in a deal that could help keep the popular video-sharing app running in the U.S.

TikTok owner picks Oracle over Microsoft as U.S. tech partner

Oracle said Monday that the Chinese owner of TikTok has picked the U.S. company to be its 'trusted technology provider,' beating out rival Microsoft in a deal that could help keep the popular video-sharing app running in the U.S.

TikTok picks Oracle over Microsoft in Trump-forced sales bid

The moves comes a week before Donald Trump’s threatened ban on the app in the US.

TikTok picks Oracle over Microsoft in Trump-forced sales bid

The moves comes a week before Donald Trump’s threatened ban on the app in the US.

TikTok owner picks Oracle over Microsoft as US tech partner

Oracle said Monday that the Chinese owner of TikTok has picked the U.S. company to be its “trusted technology provider," beating out rival Microsoft in a deal that could help keep the popular video-sharing app running in the U.S.

TikTok picks Oracle over Microsoft in Trump-forced sales bid

The moves comes a week before Donald Trump’s threatened ban on the app in the US.

ByteDance drops TikTok's US sale, to partner with Oracle: sources

ByteDance abandoned the sale of TikTok in the United States on Sunday to pursue a partnership with Oracle Corp that it hopes will spare it a US ban while appeasing China's government, people familiar with the matter told Reuters.

ByteDance drops TikTok’s US sale for partnership with Oracle

ByteDance abandoned the sale of TikTok in the US on Sunday to pursue a partnership with Oracle that it hopes will spare it a US ban while appeasing China's government, people familiar with the matter said.

TikTok owner to partner with Oracle in hopes of stopping threatened U.S. ban

The Trump administration said it would ban TikTok by Sept. 20 and ordered ByteDance to sell its U.S. business, claiming national-security risks due to its Chinese ownership

TikTok: ByteDance to partner with Oracle as Microsoft's bid is rejected

ByteDance abandoned the sale of TikTok in the United States on Sunday in pursuit of a partnership with Oracle Corp that it hopes will spare it a US ban while appeasing China's government.

ByteDance drops TikTok's U.S. sale, to partner with Oracle: sources

ByteDance drops TikTok's U.S. sale, to partner with Oracle: sources

ByteDance drops sale of TikTok US but picks Oracle as partner: Sources

NEW YORK: Oracle beat Microsoft in the battle for the US arm of TikTok with a deal structured as a partnership rather than an outright sale to try ...

ByteDance picks Oracle as partner - sources

ByteDance has abandoned the sale of TikTok in the US to pursue a partnership with Oracle that it hopes will spare it a US ban while appeasing China, people familiar with the matter told Reuters.

ByteDance picks Oracle as partner to try to save TikTok US - sources

Oracle beat Microsoft in the battle for the U.S. arm of TikTok with a deal structured as a partnership rather than an outright sale to try to ...

ByteDance picks Oracle as partner in bid to save TikTok in US

Oracle beat Microsoft in the battle for the U.S. arm of TikTok with a deal structured as a partnership rather than an outright sale to try to navigate geopolitical tensions between Beijing and Washin…

Oracle chosen by Chinese company to save TikTok in United States

Officials are concerned user information could be passed to China's government.

Market movers: Stocks seeing action on Monday - and why

A roundup of some of the North American equities making moves in both directions today

ByteDance drops TikTok's US sale, to partner with Oracle: Report

ByteDance had been in talks to divest TikTok's U.S. business to either Oracle or a consortium led by Microsoft Corp after U.S. President Donald Trump ordered the sale last month and threatened to shut down the popular short-video app in the United States if it was not sold.

ByteDance drops TikTok's US sale, to partner with Oracle

Microsoft reveals sale scuttled.

ByteDance picks Oracle as partner to try to save TikTok US: sources

Oracle beat Microsoft in the battle for the U.S. arm of TikTok with a deal structured as a partnership rather than an outright sale to try to ...

ByteDance abandons TikTok US' sale plan; to partner with Oracle

ByteDance had been in talks to divest TikTok's U.S. business to either Oracle or a consortium led by Microsoft Corp after U.S. President Donald Trump ordered the sale last month and threatened to shut down the popular short-video app in the United States

Microsoft’s proposal to partner TikTok in US rejected, Oracle wins bid

Oracle wins bid to acquire Tiktok and Microsoft loses as Tiktok choses Oracle to be its technology partner for its American operations

Microsoft’s proposal to partner TikTok in US rejected, Oracle wins bid

Microsoft announced on Sunday that its bid to buy TikTok has been rejected.

TikTok owner ByteDance rejected Microsoft's bid for the app's US operations, Oracle reportedly chosen as US 'technology partner'

Lionel Bonaventure/Getty Images Microsoft announced Sunday that TikTok owner ByteDance rejected the company's bid to acquire the US operations of the

Oracle Chosen as TikTok’s Tech Partner, as Microsoft’s Bid Is Rejected

The moves came as the clock ticks down on President Trump’s executive order to block the Chinese-owned social media app.

Microsoft’s proposal to partner TikTok in US rejected, Oracle wins bid

Microsoft announced on Sunday that its bid to buy TikTok has been rejected.

TikTok owner ByteDance rejected Microsoft's bid for the app's US operations, Oracle reportedly chosen as US 'technology partner'

Several news outlets reported ByteDance has named Oracle as its US "technology partner," though the company's bid has not yet been publicly accepted.

Oracle reportedly wins bid for TikTok as Microsoft officially drops out

Microsoft is officially out of the running to buy TikTok. The company issued a brief statement on Sunday confirming that ByteDance rejected its offer to buy TikTok’s US operations.

Microsoft says its acquisition offer for TikTok was rejected in US-China standoff

“ByteDance let us know today they would not be selling TikToks U.S. operations to Microsoft,” Microsoft said in a statement. “We are confident our proposal would have been good for TikToks users, while protecting national security interests.”

The clock is ticking on TikTok and at least one deal is dead

Oracle Corp. will reportedly take over TikTok's business in the U.S. after China's ByteDance rejected Microsoft Corp.'s offer.

TikTok won’t sell US business, will partner with Oracle 

A day ahead of the September 15 deadline, Bytedance picked Oracle over Microsoft as its technology partner in the US.

TikTok sale: Microsoft out, Oracle to be ‘trusted US partner’

The long-running saga of the TikTok sale may be finally coming to an end – without an actual sale. Microsoft confirmed yesterday that it was out ...

TikTok won't sell US business, will partner with Oracle

A day ahead of the September 15 deadline, Bytedance picked Oracle over Microsoft as its technology partner in the US.

TikTok Seeks Oracle ‘Partnership’ to get Round Trump Ban as Microsoft Talks End

A new TikTok Oracle partnership to keep Donald Trump and Chinese Government happy could be on the cards after talks with Microsoft ended.

Microsoft says it’s not acquiring TikTok after ByteDance rejects offer

Microsoft won’t be taking over TikTok’s US operations

ByteDance not to sell TikTok’s US operations to Oracle: CGTN

The new update in the export rules cover restrictions on technologies such as text analysis, content recommendation and voice-recognition.

TikTok Sale: ByteDance Partners With Oracle

Microsoft had been seen as the favorite to move forward in negotiations.

Oracle beats Microsoft to buy US operations of TikTok

ByteDance turned down Microsoft’s previous bid to buy TikTok’s US assets. A deal with Oracle is narrower, appearing more like corporate restructuring.

TikTok’s rejects Microsoft’s bid, picks Oracle to manage US operations

TikTok’s Chinese parent company ByteDance has reportedly chosen Oracle as a “technology partner” for its US operations.

Microsoft Loses Bid, Oracle Set to Partner With Tiktok in US

Notably, TikTok business sales talk in the US has hit the roadblock after China's update of the technology export rules. The update covers Artificial Intelligence (AI) technologies used by ByteDance, the Chinese firm that owns TikTok.

ByteDance rejects Microsoft's bid to buy TikTok's U.S. operations

Microsoft confirmed today that it will no longer buy TikTok's operations in the U.S. after ByteDance dropped its takeover bid. Instead, ByteDance is reportedly opting for a partnership with Oracle.

Oracle wins deal for TikTok’s US operations

TikTok has abandoned talks with Microsoft Corp. to sell its music-video app in the U.S., favoring instead a business partnership with Oracle Corp., people familiar with the talks said.

Oracle leaps 10% after reportedly winning partnership bid for TikTok's US operations

Oracle president Mark Hurd delivers a keynote address at the company's 2013 conference. Justin Sullivan/Getty Images Oracle jumped as much as 1...

Oracle leaps 10% after reportedly winning partnership bid for TikTok's US operations

Microsoft was Oracle's biggest rival in the race for a deal, but the firm said Sunday it wasn't selected by TikTok-parent ByteDance for a partnership.

SoftBank to sell chip designer Arm to Nvidia in US$40 billion deal

Softbank Group on Monday said it has agreed to sell chip designer Arm to Nvidia for as much as US$40 billion.

Nvidia to buy chip designer Arm for US$40 billion as SoftBank exits

SoftBank Group Corp said on Monday it has agreed to sell chip designer Arm to Nvidia Corp for as much as US$40 billion in a deal set to reshape ...

Nvidia to buy chip designer ARM for $40-billion

Nvidia will buy UK-based chip designer ARM from Japan's SoftBank Group for as much as US$40-billion, the companies said on Monday, in a deal set to reshape the global semiconductor landscape.

SoftBank sells chip designer Arm to Nvidia Corp in $40 billion deal

The deal puts a vital supplier to Apple Inc and others across the industry under the control of a single player and will face potential pushback from regulators and Nvidia rivals

Nvidia buys ARM for $40 billion, gets tech that powers all smartphones

Nvidia said it will license its flagship GPUs through ARM's network of silicon partners. It will build chips for devices like self-driving cars but also make its technology available for others.

SoftBank sells chip designer Arm to Nvidia in $40 billion deal

TOKYO/SAN FRANCISCO: SoftBank Group Corp. said on Monday it has agreed to sell chip designer Arm to Nvidia Corp. for as much as $40 billion in a deal set to reshape the semiconductor landscape. The deal puts a vital supplier to Apple Inc. and others across the industry under the control of a single player and will face potential pushback from regulators and Nvidia rivals.

Nvidia to buy chip designer Arm for $40 billion as SoftBank exits

Nvidia to buy chip designer Arm for $40 billion as SoftBank exits

SoftBank sells chip designer Arm to Nvidia in $40 billion deal

The deal puts a vital supplier to Apple Inc and others across the semiconductor industry under the control of a single player.

SoftBank sells chipmaker Arm to US-based Nvidia for $40 billion

Nvidia will pay SoftBank $12 billion in cash and $21.5 billion in stock for the UK-based chip designer Arm, comprising a $2 billion payment on signing the deal

Amazon to hire 100,000 to keep up with online shopping surge

Amazon said Monday that it will be hiring another 100,000 people to keep up with a surge of online orders.

Amazon to hire 100,000 to keep up with online shopping surge

Amazon said Monday that it will be hiring another 100,000 people to keep up with a surge of online orders.

Amazon to hire 100,000 to keep up with online shopping surge

Amazon will hire another 100,000 people to keep up with a surge of online orders.

Amazon to hire 100,000 to keep up with online shopping orders surge

Amazon on Monday said it will be hiring another 100,000 people to keep up with a surge of online orders

Amazon to hire 100,000 to keep up with online shopping surge

Amazon is expected to increase jobs as it will be hiring another 100,000 people to keep up with a surge of online orders.

Amazon to hire 100,000

Amazon will hire another 100,000 people to keep up with a surge of online orders.

Amazon to hire 100,000 to keep up with online shopping surge

The company said the new hires will help pack, ship or sort orders, working in part-time and full-time roles. Amazon said the jobs are not related to its typical holiday hiring.

Amazon to hire 100,000 to keep up with online shopping surge

Amazon will hire another 100,000 people to keep up with a surge of online orders. The company said Monday that the new hires will help pack, ship or sort orders, working in part-time and full-time roles.

Amazon to hire 100,000 to keep up with online shopping surge

NEW YORK — Amazon will hire another 100,000 people to keep up with a surge of online orders. The company said Monday that the new hires will help pack, ship or sort orders, working in part-time and full-time roles.

Amazon to hire 100,000 to keep up with online shopping surge

NEW YORK: Amazon said Monday that it will be hiring another 100,000 people to keep up with a surge of online orders.

Amazon's hiring 100,000 workers to meet surging online shopping demand

Amazon says it plans to hire an additional 100,000 people to keep up with the surging demand for online shopping during the coronavirus pandemic. The online retailers says it needs workers to staff…

NVIDIA Acquires Arm for $40 Billion

NVIDIA has reached an agreement to acquire Arm for $40 billion.

Nvidia to acquire Arm for US$40 billion

Nvidia and SoftBank Group (SBG) have announced a definitive agreement under which the former will acquire Arm from the latter and the SoftBank Vision Fund in a transaction valued at US$40 billion.

Nvidia is acquiring Arm for $40 billion

Nvidia has announced that it is purchasing UK chipset designer Arm from Japanese conglomerate SoftBank in a deal valued at a whopping $40 billion. The transaction will be finalized in 18 months.

Nvidia to buy Arm in $40bn deal

The combination brings together Nvidia’s artificial intelligence (AI) computing platform with Arm’s ecosystem to create the premier computing company for the age of AI.

NVIDIA acquires UK chip maker Arm for $40 billion

In one of the biggest tech deals, graphics giant NVIDIA has confirmed it is acquiring SoftBank-owned UK chip maker Arm

NVIDIA Buys Arm From SoftBank In $40 Billion Deal

SoftBank is selling Arm Limited to NVIDIA for $40 billion, giving the American chipmaker control of the mobile processor giant. The deal will see Arm, which is responsible for the architecture used in most mobile phone chips including Qualcomm, maintain its open licencing and customer-neutral business model. According to Jensen Huang, founder and CEO of... Read More

NVIDIA (NASDAQ: NVDA) Officially Announces Definitive Agreement With SoftBank To Acquire ARM for $40 Billion

NVIDIA has officially announced a definitive agreement with SoftBank to acquire the British chip designer ARM for $40 billion

Softbank sells Arm to Nvidia for $40 billion

The Nvidia-Arm deal also marks the exit of Softbank, which had bought the chip-making company for USD 32 billion in 2016.

Nvidia buys ARM for $40 billion in deal that could change the tech world forever

ARM acquisition officially confirmed – assuming Nvidia gets regulatory approval.

Google aims to use only renewable power by 2030

Google aims to power its data centres and offices solely with renewable energy by 2030, its CEO said, becoming the biggest company in the world to commit to ditching coal and natural gas power.

Google aims to run on carbon-free energy by 2030

OAKLAND, California: Alphabet Inc's Google aims to power its data centers and offices solely with renewable energy by 2030, its chief executive told Reuters, becoming the biggest company in the world to commit to ditching coal and natural gas power.

Google sets unprecedented goal to tap only renewable power by 2030

Google sets unprecedented goal to tap only renewable power by 2030

Google aims to run on carbon-free energy by 2030

Alphabet's Google aims to power its data centers and offices 24-7 using solely carbon-free electricity by 2030, its chief executive told Reuters, building on its previous goal of matching its energy use with 100% renewable energy.

Google aims to run on carbon-free energy by 2030

OAKLAND, Calif. – Alphabet Inc’s Google aims to power its data centers and offices 24-7 using solely carbon-free electricity by 2030, its chief executive told Reuters, building on its

Google sets unprecedented goal to tap only renewable power by 2030

The

Asia shares rise as investors look ahead to Fed meeting

Asian shares rose Monday, despite the rollercoast ride that closed Wall Street last week, as traders awaited cues from the U.S. central bank expected later in the week.

Asia shares rise as investors look ahead to Fed meeting

TOKYO — Asian shares rose Monday, despite the rollercoast ride that closed Wall Street last week, as traders awaited cues from the U.S. central bank expected later in the week.

Asia shares rise as investors look ahead to Fed meeting

Asian shares rose Monday, despite the roller-coaster ride that Wall Street ended with last week, as traders awaited cues from the U.S. central bank expected later in the week.

Asia shares rise as investors look ahead to Fed meeting

Asian shares rose Monday, despite the roller-coaster ride that Wall Street ended with last week, as traders awaited cues from the U.S. central bank expected later in the week.

Asia shares rise as investors look ahead to Fed meeting

TOKYO — Asian shares rose Monday, despite the rollercoast ride that closed Wall Street last week, as traders awaited cues from the U.S. central bank expected later in the week. Japan’s ruling Liberal Democratic Party was set to pick a new leader, who will by definition become the prime minister because of the party’s control …

Global shares mostly rise as investors look ahead to Fed

TOKYO (AP) — Global shares mostly rose Monday, continuing a [...]

Global shares rise as investors look ahead to Fed meeting

Global shares rose Monday, despite the roller-coaster ride that Wall Street ended with last week, as traders awaited cues from the U.S. central bank expected later in the week.

ByteDance rejects Microsoft’s bid for TikTok after weeks of negotiations

Since early August, ByteDance had been in talks with Microsoft to explore the purchase of TikTok in the United States after Trump threatens to ban the app. However, Microsoft says they’re not acquiring TikTok after their bid was rejected.

Oracle stock surges after it confirms deal with TikTok-owner ByteDance

Microsoft announced that ByteDance has decided not to sell it TikTok's U.S. assets

TikTok snubs Microsoft deal amid growing interest from Oracle

ByteDance, the video-sharing app’s parent, has told the software giant that it will not be selling TikTok’s US operations to Microsoft.

Oracle Reportedly Agrees Deal for TikTok's US Operations, But Chinese Media Cast Doubt on Any Sale

Amid reports Monday morning that Oracle has won the battle with Microsoft to acquire TikTok's U.S. operations, China's state-run English TV...

Microsoft's TikTok Acquisition Bid Rejected

'ByteDance let us know today they would not be selling TikTok’s US operations to Microsoft,' the company says.

Oil slips as demand concerns rise, Libya output looms

Oil prices were mixed on Monday with U.S. crude rising as a tropical storm in the Gulf of Mexico forced rigs to shut down, but the gains were kept ...

Oil gains as storm causes U.S. gulf production halts

Oil gains as storm causes U.S. gulf production halts

Oil slips as demand concerns rise, Libya output looms

Brent crude was down 33 cents, or 0.8 per cent, at $39.50 a barrel while U.S. West Texas Intermediate (WTI) crude futures were down 34 cents, or 0.9 per cent, at $36.99 a barrel by 0955 GMT

Oil moves higher as storm threatens US Gulf Coast

Oil prices rose on Monday as a tropical storm in the Gulf of Mexico prompted drillers to evacuate rigs and shut-in production.

Oil mixed as storm threatens US gulf production

U.S. West Texas Intermediate (WTI) crude futures were up 9 cents, or 0.2%, at $37.42 a barrel by around 0050 GMT. Brent crude was down 3 cents at $39.80 a barrel.

Canadian rival tables £3bn hostile bid for security giant G4S

Shares in G4S surged in early trading after the prospective bidder GardaWorld confirmed the move.

Canadian rival tables £3bn hostile bid for security giant G4S

Shares in G4S surged in early trading after the prospective bidder GardaWorld confirmed the move.

Canadian rival tables £3bn hostile bid for security giant G4S

Shares in G4S surged in early trading after the prospective bidder GardaWorld confirmed the move.

Security company GardaWorld reveals it's trying to buy G4S

GardaWorld, the world's largest privately owned security company, said Monday it was making a US$3.9 billion offer for G4S, saying its London-based rival has rejected or ignored three previous approaches.

Security company GardaWorld reveals it's trying to buy G4S

GardaWorld, the world’s largest privately owned security company, said Monday it was making a 3 billion-pound ($3.9 billion) offer for G4S, saying its London-based rival has rejected or ignored three

Security company GardaWorld reveals it's trying to buy G4S

LONDON — GardaWorld, the world’s largest privately owned security company, said Monday it was making a 3 billion-pound ($3.9 billion) offer for G4S, saying its London-based rival has rejected or ignored three previous approaches. Montreal-based GardaWorld says it decided to publicize its bid of 190 pence a share – a 30% premium to G4S’s closing …

Security firm Gardaworld offers to buy G4S in £3bn deal

Private-equity backed Gardaworld has announced a £3bn hostile takeover bid for London-listed G4S.

Amazon to hire 100,000 more workers in its latest job spree this year

NEW YORK, Sept 14 — Amazon.com Inc today said it is recruiting 100,000 more workers — the fourth hiring spree it has announced for the United States this year — to keep pace with e-commerce demand that jumped during the pandemic. The world's biggest online retailer said the positions are for...

Amazon to hire 100,000 more workers in its latest job spree this year

Amazon.com on Monday said it is recruiting 100,000 more workers — the fourth hiring spree it has announced for the United States this year — to keep pace with e-commerce demand that jumped during the pandemic.

Amazon to hire 100,000 more workers in its latest job spree this year

The world's biggest online retailer said the positions are for full and part-time work in its home country and Canada, and these will include roles at 100 new warehouse and operations sites it is opening this month.

Amazon To Hire 1,00,000 Workers In US This Year

Amazon.com Inc on Monday said it is recruiting 100,000 more workers - the fourth hiring spree it has announced for the United States this year - to keep pace with e-commerce demand that jumped during the pandemic.

Amazon to hire 100,000 more workers in its latest job spree this year

Amazon.com Inc on Monday said it is recruiting 100,000 more workers - the fourth hiring spree it has announced for the United States this year - ...

Amazon to hire 1,00,000 more employees after massive growth due to Covid-19

Tech giant Amazon has announced its decision to recruit 1,00,000 more workers in the United States after its massive growth due to Covid-19.

Amazon adding 100,000 more employees in new hiring spree

Amazon said on Monday that it will hire another 100,000 workers, its fourth such run of hiring this year.

SoftBank Group selling British chip designer Arm to Nvidia for up to US$40b

TOKYO, Sept 14 — Japan's SoftBank Group said today it is selling British chip designer Arm to US chip company Nvidia for up to US$40 billion (RM166 billion), potentially creating a new giant in the industry. “We reached a final agreement with... Nvidia to sell all shares in Arm... at the value...

SoftBank Group selling Arm to Nvidia for up to $40 billion

If approved, it will be one of the biggest merger-acquisitions in the world this year and promises to propel Nvidia to the forefront of the semiconductor sector.

NVIDIA to acquire SoftBank Group's Arm for up to $40 billion in largest deal of the year

If approved, the deal will be one of the largest acquisitions anywhere in the world this year, and will propel NVIDIA to the forefront of the semiconductor sector. The announcement also renewed speculation about SoftBank Group's future, with Bloomberg News reporting it is set to revive talks about going private via a management buyout plan.

SoftBank Group selling Arm to NVIDIA for up to $40 billion

Japan's SoftBank Group said Monday it is selling British chip designer Arm to US firm NVIDIA for up to $40 billion, potentially creating a new giant in the industry but sparking an investigation by UK ...

US Border Patrol Seized 2,000 OnePlus Buds Believing Them to Be 'Counterfeit Apple AirPods'

U.S. Customs and Border Protection (CBP) officers last month seized a shipment of OnePlus Buds earphones at JFK Airport apparently believing they...

US Border Patrol seized OnePlus Buds as 'counterfeit Apple AirPods'

In what looks like an embarrassing error, US Customs and Border Protection (CPB) has seized a shipment of OnePlus Buds, believing they were “2,000 counterfeit Apple AirPods.

US Customs seizes OnePlus Buds, thinks they’re counterfeit Apple AirPods

The US Customs and Border Patrol authority has seized a shipment of 2,000 OnePlus Buds, mistakenly calling them counterfeit Apple AirPods.

That’s Not An Apple: US Customs Mistakes OnePlus Buds For Knock-Off AirPods

In an embarrassing bungle, US Customs and Border Protection (CBP) has seized 2000 OnePlus Buds earbuds, mistaking them for “counterfeit” Apple AirPods. CBP officers confiscated the Nevada-bound shipment from Hong Kong at New York’s JFK airport, claiming in a press release that “had they been genuine”, the earbuds would have been worth $398,000 USD. “CBP... Read More

NeoBytes :) U.S. CBP seizes OnePlus Buds at JFK thinking they're counterfeit Apple AirPods

Thinking that it stumbled upon 2,000 pairs of counterfeit Apple AirPods, the United States Customs and Border Protection seized a shipment of OnePlus Buds, which is worth $158,000.

US customs seize 2,000 OnePlus Buds pairs in hilarious accident

The Customs and Border Protection thought they were Apple AirPods.

Asian shares on firm footing as vaccine trials resume

Asian shares started higher on Monday as hopes of a coronavirus vaccine were rekindled after AstraZeneca resumed its phase-3 trial while sentiment ...

Global Markets: Asian shares buoyed by coronavirus vaccine hopes

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.7%, poised for its second straight session of gains

Asian shares buoyed by coronavirus vaccine hopes

In a sign the positive mood will spread elsewhere, the pan-region Euro Stoxx 50 futures and German DAX futures rose 0.5% in early trade while London's FTSE futures added 0.24%.

Asian shares on firm footing as vaccine trials resume

SYDNEY, Sept 14 — Asian shares started higher today as hopes of a coronavirus vaccine were rekindled after AstraZeneca resumed its phase-3 trial while sentiment was still cautious ahead of a big week of central bank meetings in UK, Japan and the United States. MSCI's broadest index of...

Google ‘eliminates carbon legacy’ as it announces new clean energy plans

The technology giant has also pledged to run its entire business on carbon-free energy by 2030.

Google ‘eliminates carbon legacy’ as it announces new clean energy plans

The technology giant has also pledged to run its entire business on carbon-free energy by 2030.

Google ‘eliminates carbon legacy' as it announces new clean energy plans

The technology giant has also pledged to run its entire business on carbon-free energy by 2030.

Google pledges to only use carbon-free energy by 2030 in ‘biggest sustainability moonshot yet’

Google today announced its "third decade of climate action" with an ambitious pledge to go carbon-free by 2030, while also...

Google has eliminated its carbon footprint, plans to be completely carbon-free by 2030

When it went carbon neutral in 2007, Google cemented its place at the top of the tree when it comes to major global companies and sustainability. It has

Google Aims to go Carbon-Free by 2030 - The Mac Observer

Google has set itself an unprecedented target- to operate 24/7 on carbon-free energy by 2030, CEO Sundar Pichai has revealed.

S&P Expects India's Economy To Contract 9% In Fiscal 2021

S&P joins a host of major banks and ratings agencies, which have made deep cuts to their forecasts on India's economy following a 23.9% contraction.

S&P Global Ratings expects Indian economy to contract 9% in fiscal 2021

S&P Global Ratings said that it was expecting India's economy to shrink by 9% in the fiscal year ending March 31, 2021, larger than its previous estimate of a 5% contraction

S&P projects Indian economy to contract 9 pc in FY21; says COVID-19 will restrain economic activity

The ratings firm joins a host of major banks and ratings agencies, which have made deep cuts to their forecasts on India's economy following a 23.9% contraction in April-June, as consumer spending, private investments and exports collapsed during one of the world's strictest lockdowns.

S&P expects India's economy to contract 9% in fiscal 2021

The ratings firm joins a host of major banks and ratings agencies, which have made deep cuts to their forecasts on India's economy following a 23.9% contraction in April-June, as consumer spending, private investments and exports collapsed during one of the world's strictest lockdowns.

Economy to shrink 9% in FY21, says S&P

Extent of downslide increased from 5% contraction earlier

Rating agency S&P projects Indian economy to contract 9% in fiscal 2021

S&P Global Ratings on Monday revised its forecast for the decline in India’s economy to (-)9 per cent in the current fiscal, from previously predicted,

S&P slashes its FY21 growth forecast for India

"One factor holding back private economic activity is the continued escalation of the Covid-19,"

S&P projects Indian economy to contract 9% in FY21; says COVID-19 will restrain economic activity

S&P said risks to the growth outlook include a weaker recovery in informal sectors of the economy and deeper economic losses for micro and small enterprises

S&P slashes India’s growth forecast to -9% from previous estimate of -5% in FY 2021

The global ratings body said rising Covid cases in India will keep private spending and investment lower for longer.

India's economy likely to tank 9 pc due to Covid distress: S&P

S&P Global Ratings said on Monday it expects India's economy to contract by 9 per cent in the current fiscal year ending March 31, 2021 as rising Covid-19 cases will keep private spending and investment lower for longer.

Immunomedics shares double after Gilead agrees to buy the cancer drugmaker in $21 billion deal

The deal will provide Gilead access to Immunomedics' cancer treatment drug called Trodelvy, an FDA-approved treatment for metastatic triple-negative breast cancer.

Gilead to buy cancer drug maker Immunomedics for $21-billion

Gilead will have access to FDA-approved breast cancer-drug Trodelvy

Gilead to buy cancer drugmaker Immunomedics Inc for $21 billion

Gilead Sciences Inc will acquire biopharmaceutical company Immunomedics Inc for $21 billion, a move that will strengthen its cancer portfolio by gaining access to a promising drug

Gilead to buy Immunomedics for $21 billion

Gets access to breast cancer drug Trodelvy, with acquisition

Immunomedics News: IMMU Stock Skyrockets 99% on Gilead Deal

Immunomedics (IMMU) is seeing IMMU stock soar higher Monday following news that it will be acquired by Gilead (GILD) for $21 billion.

Q&A: What does a deal between TikTok and Oracle mean?

TikTok’s parent company ByteDance has chosen Oracle over Microsoft as a new American technology partner to help keep the popular video-sharing app operating in the U.S., according to a source familiar

Q&A: What does a deal between TikTok and Oracle mean?

ByteDance, the Chinese company that owns the popular video-sharing app TikTok, has chosen Oracle over Microsoft as a new American technology partner to help keep the app operating in the U.S. TikTok confirmed ...

Q&A: What does a deal between TikTok and Oracle mean?

HONG KONG — TikTok’s parent company ByteDance has chosen Oracle over Microsoft as a new American technology partner to help keep the popular video-sharing app operating in the U.S., according to a source familiar with the deal.

Q&A: What does a deal between TikTok and Oracle mean?

TikTok’s parent company ByteDance has chosen Oracle over Microsoft as a new American technology partner to help keep the popular video-sharing app operating in the U.S., according to a person familiar with the deal.

Q&A: What does a deal between TikTok and Oracle mean?

HONG KONG (AP) — TikTok’s parent company ByteDance has chosen Oracle over Microsoft as a new American technology partner to help keep the popular video-sharing app operating in the U.S., according to a person familiar with the deal. Microsoft, which...

Heavily indebted Thai Airways gets court nod for restructuring

Thai has restructured multiple times over the last several years but it never "went deep enough to resolve many of the longstanding systemic issues", aviation expert Brendan Sobie told AFP.

Heavily indebted Thai Airways gets court nod for restructuring

A Thailand court on Monday approved the restructuring of Thai Airways, which is billions of dollars in debt and struggling to survive the coronavirus tourism crash.

Heavily indebted Thai Airways gets court nod for restructuring

A Thailand court on Monday approved the restructuring of Thai Airways, which is billions of dollars in debt and struggling to survive the ...

Heavily indebted Thai Airways gets court nod for restructuring

BANGKOK, Sept 14 — A Thailand court today approved the restructuring of Thai Airways, which is billions of dollars in debt and struggling to survive the coronavirus tourism crash. The global aviation sector was plunged into crisis by the pandemic as countries severely restricted travel, forcing...

Nvidia’s ARM deal likely to spark huge chip industry backlash

Nvidia's $40-billion agreement to acquire ARM is likely to meet strong opposition from Nvidia's chip industry rivals, analysts say, with murmurs of protest already emerging in South Korea and China.

Nvidia's Arm deal sparks quick backlash in chip industry

Nvidia's deal would put Arm under the control of a US-based combatant amid US-China tensions and as Beijing tries to ramp up a domestic semiconductor industry.

Nvidia's Arm deal sparks quick backlash in chip industry

Nvidia Corp's US$40 billion agreement to acquire Arm Ltd from SoftBank Group Corp is likely to meet strong opposition from Nvidia's chip industry ...

Nvidia to buy rival chipmaker Arm from Softbank for $40B

Computer graphics chip company Nvidia said it plans to buy Britain's Arm Holdings for $40 billion, in a merger of two leading chipmakers.

Nvidia to buy UK chipmaker Arm from Softbank in $40B deal

U.S. graphics chip maker Nvidia said it plans to buy U.K.-based Arm Holdings in a deal worth up to $40 billion, in a move that would create a global industry powerhouse.

Nvidia to buy UK chipmaker Arm from Softbank in $40 billion deal

US graphics chip maker Nvidia said it plans to buy UK-based Arm Holdings in a deal worth up to $40 billion, in a move that would create a global industry powerhouse

Nvidia to buy rival chipmaker Arm from Softbank for $40B

Computer graphics chip company Nvidia said it plans to buy Britain’s Arm Holdings for $40 billion, in a merger of two leading chipmakers.

Nvidia to buy rival chipmaker Arm from Softbank for $40B

Computer graphics chip company Nvidia said it plans to buy Britain’s Arm Holdings for $40 billion, in a merger of two leading chipmakers. Santa Clara, California-based Nvidia and Arm’s parent company, Japanese technology giant SoftBank, announced the deal Sunday. Nvidia is best known for its graphics processing chips, while Arm is renowned as an innovator …

Nvidia to buy U.K.'s Arm, sparking fears of chip dominance

U.S. graphics chip maker Nvidia said it plans to buy U.K.-based Arm Holdings in a deal worth up to US$40 billion, in a move that would create a global powerhouse in the industry.

Wall Street climbs on mega mergers, vaccine hopes

Wall Street climbs on mega mergers, vaccine hopes

Wall Street climbs on mega mergers, vaccine hopes

Wall Street's major indexes climbed on Monday on a boost from technology stocks while signs of progress in developing a COVID-19 vaccine and a ...

At midday: Wall Street climbs on mega mergers, vaccine hopes

TSX jumps on COVID-19 vaccine hopes

Not enough Covid-19 vaccine for all until 2024, says biggest producer

Pharmaceutical companies not increasing capacity quickly enough, Serum Institute CEO says

We won't have enough COVID-19 vaccine for everybody until 2024, warns world's largest vaccine producer

Scientist Xinhua Yan works in the Moderna lab in Cambridge, Massachusetts, on Feb. 28, 2020. David L. Ryan/The Boston Globe/Getty Images There will not be

Not enough Covid-19 vaccines for everybody till 2024 end: Adar Poonawala

Poonawalla estimates that the world will need 15 billion doses of the vaccine if it is taken in two steps

Oracle wins bidding war for TikTok’s US operations

ByteDance is said to have reached a preliminary 'technical partnership' deal with Oracle – that does not include a full sale – for TikTok's operations.

Oracle wins bidding war for TikTok’s US operations

ByteDance rejects Microsoft’s offer for Chinese-owned video app ahead of Trump deadline

Oracle wins bid for TikTok in US after Microsoft offer rejected

ByteDance reaches partnership agreement for Chinese-owned video app ahead of Trump deadline

Embattled SoftBank renews talks on taking the group private: Report

The discussions are driven by frustrations over the persistent discount in SoftBank's equity valuation compared with the value of its individual holdings

Embattled SoftBank renews talks on taking the group private: Report

SoftBank Group Corp executives are considering taking the Japanese technology group private as the company seeks a new strategy after disposing of ...

Alibaba in talks to invest US$3b in Grab, according to Bloomberg reports

BEIJING, Sept 14 — Alibaba Group Holding Ltd is in talks to invest US$3 billion in Southeast Asia's biggest ride-hailing firm Grab Holdings Inc, Bloomberg News reported today, citing people familiar with the matter. The Chinese conglomerate will be the sole investor in the funding round and will...

Alibaba is in talks to invest US$3 billion in Grab: Report

SINGAPORE: Alibaba is in talks to invest US$3 billion into Southeast Asia's biggest ride-hailing firm Grab, Bloomberg News reported on Monday (Sep ...

ByteDance won’t sell TikTok U.S. operations to Oracle or Microsoft: China state TV

Earlier reports indicated ByteDance had abandoned sale to Microsoft in favour of Oracle to avoid ban on app while appeasing Chinese government

ByteDance won't sell TikTok US operations to Oracle or Microsoft, reports CGTN

BEIJING, Sept 14 — ByteDance will not sell TikTok's US operations to Oracle Corp or Microsoft Corp and will not give the source code for the video platform to any US buyers, China's state-run English television channel CGTN reported on MonTOday, citing sources. People familiar with the matter...

ByteDance won't sell TikTok US operations to Oracle or Microsoft: Report

People familiar with the matter told Reuters that ByteDance abandoned the sale of TikTok in the United States and decided to pursue a partnership with Oracle in hopes of avoiding a US ban while appeasing the Chinese government.

Nvidia buys Arm for $40 billion

Nvidia Corp. said it agreed to buy SoftBank Group Corp.’s chip division Arm Ltd. for $40 billion, taking control of some of the most widely used electronics technology in the semiconductor industry’s largest-ever deal.

Nvidia buys SoftBank’s Arm in record $40 billion chip deal

Nvidia Corp said it agreed to buy SoftBank Group Corp’s chip division Arm Ltd. for $40 billion, taking control of some of the most widely used electronics technology in the semiconductor industry’s largest-ever deal.

Nvidia buys SoftBank’s Arm in $40-billion chip deal

It’s the largest deal in the semiconductor industry, but hinges on China granting regulatory approval

BP says the era of oil-demand growth is over

The British oil major’s recent report has said that the demand for oil will not go back to the pre-Covid levels

BP says the era of oil-demand growth is over

BP Plc said the relentless growth of oil demand is over, becoming the first supermajor to call the end of an era many thought would last another decade or more.

BP says era of oil-demand growth over, may not return to pre-Covid levels

The UK giant is describing a different future, where oil's supremacy is challenged, and ultimately fades

India to be largest source of energy demand growth: BP Energy Outlook

BP said the central view used in the main scenarios is that global economic activity partially recovers from the impact of the pandemic over the next few years as restrictions are eased, but that some effects persist.

iPhone makers among biggest winners in India's $6.6 bn manufacturing plan

At a cabinet meeting on Wednesday, the Indian government is expected to approve a plan aimed at bringing $150 billion in mobile-phone production over the next five years

iPhone makers to be among winners of Modi govt’s $6.6 billion ‘Make in India’ stimulus plan

iPhone makers Foxconn, Wistron, Pegatron are among the mobile manufacturers expected to be named winners for stimulus after cabinet meeting Wednesday.

Apple's India gambit more evident: iPhone-assemblers now part of lucrative govt program

Apple's iPhone assemblers in India are in line for a windfall as the Indian government is encouraging them as it seeks to make the most out of US companies wanting to remove China from their scheme of things.

Gulf nation's fiscal diet risks deeper pain amid oil price uncertainty

Brent prices have rebounded since plunging to a more than 20-year low in April, but at just over $40 per barrel, they are significantly below what most Gulf states would need to balance their budgets

Gulf's fiscal diet risks deeper pain amid oil price uncertainty

Oil-rich Gulf nations are relying on a well-worn playbook of spending less and borrowing more to get through the coronavirus crisis but with the ...

North American stock markets move higher to start the trading week

Canada's main stock index posted a triple-digit advance in early trading, while U.S. stock markets also surged higher to start the week.

North American stock markets up to start the week, loonie edges higher

The industrials sector helped lift Canada's main stock index to a triple-digit advance in late-morning trading, while U.S. stock markets also pushed higher.

North American stock markets up to start the week, loonie edges higher

TORONTO — The industrials sector helped lift Canada's main stock index to a triple-digit advance in late-morning trading, while U.S. stock markets also pushed higher. The S&P/TSX composite index was up 129.60 points at 16,352.06.

Carlyle may take $2 billion stake in retail arm of India's Reliance: Mint

Carlyle may take $2 billion stake in retail arm of India's Reliance: Mint

Carlyle may take $2 billion stake in retail arm of Reliance: Report

Carlyle Group is looking to invest up to $2 billion in Reliance Industries' retail business

Carlyle may take US$2 billion stake in retail arm of India's Reliance: Mint

Private equity firm Carlyle Group is looking to invest up to US$2 billion in Indian conglomerate Reliance Industries' retail business, financial ...

Carlyle may take $2 billion stake in Reliance Retail

The deal, if finalized, would be Carlyle's biggest investment in an Indian company and would be its first in the country's retail sector

Fossil fuel demand to take historic knock amid COVID-19 scars -BP

Fossil fuel consumption is set to shrink for the first time in modern history as climate policies boost renewable energy while the coronavirus epidemic leaves a lasting effect on global energy demand, BP said in a forecast.

Fossil fuel demand to take historic knock amid Covid-19 scars, says BP

LONDON, Sept 14 — Fossil fuel consumption is set to shrink for the first time in modern history as climate policies boost renewable energy while the coronavirus epidemic leaves a lasting effect on global energy demand, BP said in a forecast. BP's 2020 benchmark Energy Outlook underpins Chief...

Macquarie Group flags $300m profit hit

Calmer markets in the period between March and September, as trading volatility subsided following the steepest bear market on record, has dampened Macquarie's half-year income.

Macquarie Group has warned its earnings will take a major first-half hit thanks to the coronavirus

Macquarie Group has warned its earnings will take a hefty first-half hit because of calm March-September trading after the steepest bear market on record and delayed mergers and acquisitions activity.

Canada hopes to avert new U.S. tariff war, but stands ready to fire: Champagne

WASHINGTON — Canada’s foreign affairs minister says the federal government is still trying to cool its dispute with the United States over aluminum exports, but remains poised to retaliate if necessary.

Canada hopes to avert new U.S. tariff war, but stands ready to fire: Champagne

WASHINGTON — Canada's foreign affairs minister says the federal government is still trying to cool its dispute with the United States over aluminum exports, but remains poised to retaliate if necessary.

Hope to avert tariff war

Canada's foreign affairs minister says the federal government is still trying to cool its dispute with the United States over aluminum exports, but remains poised to retaliate if necessary.

Verizon to buy pre-paid mobile service Tracfone in $6.25 billion deal

Tracfone, which serves about 21 million subscribers through more than 90,000 retail locations across United States, said more than 13 million of its subscribers rely on Verizon's network under an existing agreement.

Verizon to buy wireless services provider Tracfone in $6.25 billion deal

Verizon Communications said on Monday it would buy wireless services provider Tracfone, a unit of Mexican telecom America Movil, in a $6.25 billion cash and stock deal.

Verizon to buy prepaid wireless provider Tracfone for $6.25 billion

Verizon Communications said Monday it will buy prepaid mobile phones provider Tracfone, a unit of Mexican telecoms giant America Movil, in a $6.25 billion cash and stock deal. Tracfone, which serves

US government confirms receiving Oracle bid for TikTok

Ahead of a deadline set by President Donald Trump over video sharing app TikTok, Washington officials will evaluate a bid that could see US tech giant Oracle become a partner to a Chinese company that ...

US government confirms receiving Oracle bid for TikTok

Oracle confirmed the submission, saying the company 'is part of the proposal by ByteDance to the Treasury Department over the weekend in which Oracle will serve as the trusted technology provider.'

In TikTok sale, Microsoft is no loser and oracle no winner

Despite Oracle Chairman Larry Ellison’s backing for Trump, there’s no guarantee the separation of TikTok from ByteDance will be clean enough to pass White House muster. 

In TikTok sale, Microsoft is no loser and Oracle no winner

The TikTok takeover saga is one of calamitous government intereference

In TikTok sale, Microsoft dodged a bullet

Six weeks after announcing to the world it was in talks to buy TikTok, Microsoft comes out to tell us it didn’t get the gig. CEO Satya Nadella dodged a bullet. Now the gun is aimed directly at Oracle and its chairman, Larry Ellison.

Oracle reportedly wins deal for TikTok’s US operations as ‘trusted tech partner’

Oracle’s deal comes hours after Microsoft’s failed attempt

Oracle To Partner With TikTok To Run US Operations As Microsoft Bid Flops

Oracle has won a deal that will see it manage TikTok's US operations. The Wall Street Journal has reported that the company has been selected as a 'trusted tech partner' as opposed to acquiring the co

Oracle Wins Bid To Manage US TikTok Operations

Oracle has won a deal to manage TikTok US cloud operations which puts an end to the battle for the Chinese company's assets on US soil.

Has global oil demand hit peak? BP says it's possible

Global oil demand might have already peaked and will likely not stop falling for the next 30 years, hit by virus fallout and moves towards greener energy, Britain's BP predicted Monday.

Has global oil demand hit peak? BP says it’s possible

LONDON, Sept 14 — Global oil demand might have already peaked and will likely not stop falling for the next 30 years, hit by virus fallout and moves towards greener energy, Britain’s BP predicted today. At the same time, the oil cartel Opec has revised its forecast for global demand lower...

TCS becomes second Indian firm to cross Rs 9 lakh cr-market valuation mark

Tata Consultancy Services (TCS) on Monday became the second Indian firm to attain a market valuation of over Rs 9 lakh crore after Reliance Industries Limited.

TCS second Indian firm to cross Rs 9 lakh cr-market valuation mark

The company's market valuation went past Rs 9 lakh crore in early trade helped by a rally in its share price

TCS 2nd Indian comapny to cross Rs 9 lakh cr-market valuation mark

The company's market valuation went past Rs 9 lakh crore in early trade helped by a rally in its share price

TCS becomes second Indian firm to cross Rs 9 lakh crore-market valuation mark

Helped by the surge in its share price, the company's market valuation rose to Rs 9,14,606.25 crore on the BSE in early trade. It is the second most-valuable domestic firm in terms of market capitalisation.

TCS becomes second Indian firm to cross ₹ 9 lakh cr-market valuation mark

The stock of the software services firm gained 2.91% to ₹ 2,442.80 — its record high — on the BSE.

TCS becomes second Indian firm to surpass Rs 9 lakh crore-market valuation

The company's market valuation went past Rs 9 lakh crore in early trade helped by a rally in its share price

TCS becomes second Indian firm to cross Rs 9 trillion market valuation mark

Tata Consultancy Services (TCS) on Monday became the second Indian company to attain a market valuation of Rs 9 trillion after Reliance Industries Limited

ByteDance picks Oracle as its ‘trusted tech partner:’ report

Enterprise software giant Oracle has reportedly won the a deal to manage TikTok’s U.S. operations, according to the Wall Street Journal.

Microsoft rejected, Oracle wins bid for TikTok’s US operations

Microsoft’s bid to purchase TikTok’s US operations was rejected, the company announced Sunday, with Oracle reportedly winning the bid to help run the popular social media app in the states. The

Nvidia buys ARM from Softbank for record-breaking USD 40 billion

US graphics chips maker Nvidia has confirmed that it will be buying UK based chip designer ARM from Japan’s Softbank for USD 40 billion (~RM166 billion). The deal is set to create a new giant in the chip industry, propelling Nvidia to greater heights as it leverages on ARM’s technologies to gain a foothold in the realm of mobile computing.

Nvidia is acquiring Arm for $40 billion

SoftBank bought Arm in 2016 for $31 billion

Nvidia secures control of key global tech with $40bn Arm deal

Company at pains to allay conflict of interest concerns with UK chip designer’s other clients

Nvidia secures control of key global tech with $40bn Arm deal

Company at pains to allay conflict of interest concerns with UK chip designer’s other clients

Chinese investment in Australia plunges as tensions mount

SYDNEY, Sept 14 — Chinese investment in Australia almost halved in 2019, new data released today showed, as relations between the two countries deteriorated. Researchers from the Australian National University said Chinese investment Down Under plunged from A$4.8 billion (RM14.5 billion) to just...

Chinese investment in Australia plunges as tensions mount

Chinese investment in Australia almost halved in 2019, new data released Monday showed, as relations between the two countries deteriorated.

Sovereigns raid rainy day funds for $100 billion after COVID-19 storm

Sovereigns raid rainy day funds for $100 billion after COVID-19 storm

Countries raid sovereign wealth funds for $100-billion to weather COVID-19 storm

The twin blow of the commodities collapse and the pandemic, which stalled much economic activity for months, is likely to drain stabilization funds in countries like Peru and Colombia

Oil companies idle production as US Gulf Coast braces for hurricane

HOUSTON: Offshore platforms and one refinery along the U.S. Gulf Coast shut down on Sunday as they prepared for a second hurricane strike in less ...

Oil companies idle production as US Gulf Coast braces for hurricane

Offshore platforms and one refinery along the US Gulf Coast shut down on Sunday as they prepared for a second hurricane strike in less than a month

Shell halts offshore drilling as US Gulf Coast braces for hurricane

Royal Dutch Shell began shutting some of its offshore drilling operations on Sunday (Sep 13) in preparation for Tropical Storm Sally, forecast to ...

Australia proposes paying oil refiners billions to stay open

The country's refiners have been battered by the coronavirus-driven collapse in fuel demand, racking up losses which they say threaten the future of their plants as they compete against much bigger refineries around Asia.

Australia proposes paying oil refiners billions to stay open

SYDNEY/MELBOURNE: Australia on Monday proposed offering incentives worth A$2.3 billion ($1.67 billion) over 10 years to keep the country's four remaining oil refineries open and said it would invest in building fuel storage as part of a long-term fuel security plan.

Banks will need to analyse customers’ needs before closing branches, says FCA

Banks considering closing branches or ATMs will need to tell the City regulator before any final decision is made, so that it can monitor whether customers are being treated fairly.

Banks will need to analyse customers’ needs before closing branches, says FCA

Banks and building societies will need to provide an analysis of the needs of customers and any alternatives available before closing branches.

Banks banned from closing branches or removing cash machines without clearance

Unless customers are being treated fairly, banks will be banned from cutting any more branches or removing free cash machines under new rules announced by the City watchdog

Abu Dhabi's ADNOC nets $1b selling 10% in ADNOC Distribution to institutional investors

In all, 1.25b shares were sold at Dh2.95 apiece in Gulf's 'largest block placement'

UAE oil giant completes $1bn institutional placement of shares in its distribution unit

UAE oil giant completes $1bn institutional placement of shares in its distribution unit

ADNOC completes $1 billion institutional placement for distribution business

DUBAI: State-run Abu Dhabi National Oil Company (ADNOC) said on Monday it had completed a placement to institutional investors of 10 percent in its subsidiary ADNOC Distribution’s total share capital, or 1.25 billion shares, valued at $1 billion. The placement will increase ADNOC Distribution’s free float to 20 percent, and contribute to improved liquidity of the company,

Europe, Britain's carmakers warn of €110b hard Brexit bill

BRUSSELS, Sept 14 — Europe and Britain's car industries called today on the two sides to urgently clinch a free trade agreement, warning that a disorderly Brexit would cost the sector €110 billion (RM540.9 billion) in lost trade over the next five years. Less than four months before a...

British automakers warn a hard Brexit would cost $130 billion

Europe and Britain's car industries called on Monday on the two sides to urgently clinch a free trade agreement, warning that a disorderly Brexit would cost the sector 110 billion euros (£101.79 billion) in lost trade over the next five years. Less than four months before a post-Brexit transition period ends in December, Britain and the European Union's talks on a trade deal for 2021 onwards have been plunged into crisis, after Britain tabled a plan to break the divorce treaty both sides signed

TikTok Owner’s Big Reason to Strike a U.S. Deal: China Is Slowing

ByteDance’s founder has long urged his employees to think beyond the world’s No. 2 economy, where growth is easing and competition is rising.

TikTok owner’s big reason to strike a U.S. deal: China is slowing

​​TikToks parent company, ByteDance, has chosen the software giant to be its U.S. technology partner, an arrangement that would most likely give Oracle oversight over data on American users.

BP warns of oil demand peak by early 2020s

Coronavirus pandemic ushers in an earlier than anticipated decline for the fossil fuel era

Pandemic ushers early decline for fossil fuel era, BP says

Energy company warns of peak in demand for oil in next few years

Macquarie flags 35 per cent pandemic hit to first-half earnings

Macquarie Group has told investors the turmoil unleashed by coronavirus will see its earnings for the current half dive and said it is unable to provide meaningful guidance for the year due to the uncertainty. 

Macquarie flags 35 per cent pandemic hit to first-half earnings

Macquarie Group has told investors the turmoil unleashed by coronavirus will see its earnings for the current half dive and said it is unable to provide meaningful guidance for the year due to the uncertainty. 

Macquarie flags 35 per cent pandemic hit to first-half earnings

Macquarie Group has told investors the turmoil unleashed by coronavirus will see its earnings for the current half dive and said it is unable to provide meaningful guidance for the year due to the uncertainty. 

Macquarie flags $500m pandemic hit to first-half earnings

Macquarie Group says the turmoil unleashed by COVID-19 will see its earnings for the current half dive and said it is unable to provide meaningful guidance for the year due to the uncertainty. 

Macquarie flags $500m pandemic hit to first-half earnings

Macquarie Group says the turmoil unleashed by COVID-19 will see its earnings for the current half dive and said it is unable to provide meaningful guidance for the year due to the uncertainty. 

Facebook India appoints Arun Srinivas as director of global business group

He will spearhead the company’s strategic relationship with the country’s leading brands, agencies, and partners to drive Facebook’s growth

Facebook India names ex Ola exec Arun Srinivas Head for Global Business

Social media giant Facebook on Monday said it has appointed former Ola executive Arun Srinivas as the Director of Global Business Group in India

Facebook India appoints Arun Srinivas as director of global business group

Facebook said Srinivas appointment comes after a series of senior and leadership recruitments in recent months across marketing, partnerships, communications, and other key verticals demonstrating the companys expanding charter and commitment to India.

Facebook India appoints former Ola executive Arun Srinivas as Head for Global Business Group

Srinivas comes with 24 years of experience in senior sales and marketing roles at companies including Ola, Unilever and Reebok. He also had a stint at investment firm WestBridge Capital Partners where he led the consumer vertical.

Facebook India hires ex-Ola COO as head for global biz group

Srinivas' appointment comes after a series of senior and leadership recruitments in recent months across marketing, partnerships, communications, and other key verticals in the country.

Facebook India appoints Arun Srinivas as Director of Global Business Group

Srinivas will spearhead the company’s strategic relationship with leading brands, agencies and partners to drive FB’s revenue growth in India

Facebook India picks Arun Srinivas to lead global business group

Srinivas has 24 years of experience in senior sales and marketing roles at several companies such as Reebok, Unilever, and Ola

COVID-19 impact | Consumers move to debit cards from credit cards

In June, 12.5 crore credit card PoS transactions were recorded, as against 20.3 crore in January.

Centre seeks Parliament nod for additional net cash expenditure of up to Rs 1.67 lakh crore

For meeting expenditure towards recapitalisation of public sector banks through government securities, the government has sought Rs 20,000 crore

Airbus CEO Guillaume Faury warns of compulsory layoffs as airline crisis deepens

Airbus has repeatedly warned that the outlook is uncertain as the industry's worst crisis hits aircraft deliveries and severely weakens airline finances.

Monetary policy has limitations, govt should act more to revive economy: SBI economists

Using a formula, they estimated the

India's retail inflation stood at 6.69% in August

Inflation in the vegetables basket stood at 11.41 percent in August as against 11.29 percent in July.

Indian commodity warehousing industry has come of age, says SLCM's Sandeep Sabharwal

In a country like India where post-harvest losses are pegged at 10 percent, SLCM has been instrumental in devising a technology that has cut post-harvest losses to 0.5 percent irrespective of infrastructure, crop, or geographic location, says the CEO

Price hikes anger Nigerians as fuel subsidy ends

The cost of fuel at the pump has risen by around 15% in recent days, hitting a record high of 162 naira per litre ($0.42, 0.36 euros), or $1.55 / 1.36 euros a US gallon, after the government pushed on with deregulation.

Nigeria hikes petrol prices as COVID-19 bites budget

Nigeria is Africa's biggest crude producer but has almost no working refinery capacity and the authorities have spent tens of billions of dollars to subsidise imports.

Here’s what businesses in Victoria can get under the state government's new support package

The Victorian government has unveiled $3 billion worth of support for businesses in the state.

Victorian Government expands business stimulus payments

Yesterday, the Victorian Government announced a $3 billion stimulus package for Victorian businesses. This was targeted primarily at the hospitality, retail, accommodation and tourism operators:

Rupee rises against US dollar in early trade

The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.15% to 93.19.

Rupee rises 21 paise to 73.32 against US dollar in early trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.15 per cent to 93.19.

Rupee rises 21 paise to 73.32 against US dollar in early trade

The rupee strengthened by 21 paise to 73.32 against the US dollar in opening trade supported by weak American currency and positive domestic equities

Rupee rises 21 paise to 73.32 against US dollar in early trade

At the interbank forex market, the domestic unit opened at 73.40 against the US dollar, gained further ground to touch 73.32 against the US dollar, registering a rise of 21 paise over its previous close.

Firm poised to produce 60 million Covid-19 vaccines for UK in 2021

Valneva’a drug is expected to be taken in two stages.

Firm poised to produce 60 million Covid-19 vaccines for UK in 2021

Valneva’a drug is expected to be taken in two stages.

Firm poised to produce 60 million Covid-19 vaccines for UK in 2021

Valneva’a drug is expected to be taken in two stages.

Valneva announces major COVID-19 vaccine partnership with UK government

Today, Valneva has announced a vaccine partnership with the UK government. Valneva, a specialty vaccine company focused on the prevention of diseases with major unmet needs, will supply 60 million doses of its inactivated COVID-19 vaccine, VLA2001, if vaccine development is successful.

UK signs €1.4bn deal for Valneva coronavirus vaccine

The UK government has inked a €1.4bn deal to secure up to 190m doses of a coronavirus vaccine being developed by French biotech firm Valneva.

Coronavirus Scotland: Livingston firm Valneva sign deal with UK Government for up to 190 million Covid-19 vaccine doses

A SCOTS firm has signed a deal with UK Government for up to 190 million Covid-19 vaccine doses. French company Valneva, based in Livingston, will make 60 million doses of the drug VLA2001 in 2021 &…

Nigeria’s Bonny Light price drops to $37.59 per barrel

The price of Bonny Light, has dropped from $43 to $37.59 per barrel as the , OPEC, expressed commitment to oil market stability at 60.

OPEC turns 60, remains focused on balanced, stable oil market

OPEC turns 60, remains focused on balanced, stable oil market

London-based fintech Chip raises €11.5 million in 48 hours via Crowdcube and the Future Fund

Chip, the automatic saving app offering access to market-leading returns, has raised a total of €11.5 million from the crowd and the government-backed Future Fund, as part of the company’s series A round. The amount, raised in under 48 hours from 6,420 investors, makes it the largest convertible rou

Savings App Chip Raises £10.7 Million in 48 Hours as Part of Future Fund Round on Crowdcube

Click HERE to find out ⭐ Savings App Chip Raises £10.7 Million in 48 Hours as Part of Future Fund Round on Crowdcube. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.

Calfrac delays vote on recapitalization plan following unsolicited Wilks Brothers offer

The Calgary-based company says it will now hold a vote by its shareholders and unsecured noteholders on the management reorganization plan on Sept. 29 instead of Sept. 17.

Calfrac delays vote on recapitalization plan to Sept. 29 after Wilks Brothers offer

Calfrac Well Services Ltd. is postponing a vote on its recapitalization plan following an unsolicited takeover offer for the company by Texas-based Wilks Brothers LLC.

Calfrac delays vote on recapitalization plan to Sept. 29 after Wilks Brothers offer

CALGARY — Calfrac Well Services Ltd. is postponing a vote on its recapitalization plan following an unsolicited takeover offer for the company by Texas-based Wilks Brothers LLC.

It looks like TikTok isn't selling off its US operations at all. Now, its US future hangs on whether Trump walks back his threat to ban the app.

ByteDance CEO Zhang Yiming. VCG/VCG via Getty Images TikTok's parent company ByteDance won't be selling off TikTok's US operations after all, Reuters

TikTok may outmaneuver Trump and avoid selling its US operations

Reuters reported Monday that ByteDance is trying to set up a partnership whereby tech giant Oracle manages TikTok's US user data.

NVIDIA is officially buying ARM for $40 billion

NVIDIA is officially buying the chip design company ARM for $40 billion.

Nvidia to buy UK chip designer Arm for $40bn

US tech giant Nvidia has announced it will buy UK-based computer chip designer Arm from Softbank for as much as $40bn.

Great Canadian Gaming to reopen two Nova Scotia casinos on Oct. 5 but at reduced capacity

The casinos were closed for six months due to public health efforts to contain the COVID-19 pandemic

Great Canadian Gaming to reopen two N.S. casinos Oct. 4

Great Canadian Gaming Corp. says its properties in Halifax and Sydney, N.S., will reopen on Oct. 5 following a six-month closure due public health efforts to contain the COVID-19 pandemic

Ambani Puts Carlyle, SoftBank on Waiting List for Reliance Retail Stakes

Investor demand for Reliance Industries Ltd.’s retail business is so strong that these companies are on a waiting list.

Demand for Reliance Retail stake is so high Mukesh Ambani is putting investors on wait-list

Carlyle & SoftBank have expressed interest in investing in Reliance Retail but have been asked to wait as Reliance is already in talks with other investors.

Carlyle, SoftBank put on hold for Reliance Retail stake sale

Given the strong investor demand for Reliance Retail, Carlyle Group Inc and SoftBank Group Corp proposals to buy stake in billionaire Mukesh Ambani-led company have been put onto a waiting list

The billionaire betting on a vegetarian Taco Bell

Gaurav Burman's sprawling bets range from fast food to healthcare. Here's how he moved fast to cash in on COVID-19.

From Veggie Tacos To Health Care, Dabur Billionaire's Sprawling Bets

Burman Family Holdings' investments range from "promising" domestic startups like DMI Finance to global companies such as Yum! Brands Inc.'s Taco Bell and Aviva Plc.

Cost of no-deal Brexit on automotive industry revealed

A 10% tariff could be made on cars and up to 22% on vans and trucks, which would almost certainly need to be passed on to consumers, groups warned.

Cost of no-deal Brexit on automotive industry revealed

A 10% tariff could be made on cars and up to 22% on vans and trucks, which would almost certainly need to be passed on to consumers, groups warned.

Cost of no-deal Brexit on automotive industry revealed

A 10% tariff could be made on cars and up to 22% on vans and trucks, which would almost certainly need to be passed on to consumers, groups warned.

Cost of no-deal Brexit on automotive industry revealed

A 10% tariff could be made on cars and up to 22% on vans and trucks, which would almost certainly need to be passed on to consumers, groups warned.

IGM Financial chief executive Jeff Carney stepping down for health reasons

WINNIPEG — Jeff Carney is retiring as president and chief executive of IGM Financial and IG Wealth Management due to health reasons. Carney says that he has been diagnosed with the early stages of Alzheimer’s disease.

IGM Financial chief executive Jeff Carney stepping down for health reasons

Jeff Carney is retiring as president and chief executive of IGM Financial and IG Wealth Management due to health reasons.

New Portugal passport collection centres open in UAE

VFS Global facilities now operating in Dubai and Abu Dhabi…

Portuguese citizens in UAE can now pick up new passports from dedicated centres

No need to visit Portuguese embassy in Abu Dhabi to collect passports

Sensex rallies over 300 points in early trade; Nifty tops 11,550

Domestic equities opened on a positive note tracking positive cues from global markets and persistent foreign fund inflow, traders said.

Sensex rallies over 300 points in early trade; Nifty tops 11,550

HCL Tech was the top gainer in the Sensex pack, surging around 5 per cent, followed by Tech Mahindra, HDFC duo, Reliance Industries, TCS, SBI and IndusInd Bank.

Market rallies: RIL, HDFC Bank, HDFC, HCL Tech, TCS, SBI among gainers

5 things to know before the stock market opens Monday

Heading into Monday trading, the Nasdaq was off just under 10% from its closing record on Sept. 2.

Infosys to acquire GuideVision for up to €30 million

The acquisition is expected to close during the third quarter of FY2021, subject to customary closing conditions, it added.

Infosys to acquire Czech-based GuideVision for up to 30 million euros

IT services major Infosys on Monday said it will acquire Czech Republic-based GuideVision for up to Rs 260.4 crore

Infosys to acquire GuideVision for up to 30 million euros

"GuideVision's training academy and nearshore capabilities in Czech Republic, Hungary, Poland, and presence in Germany and Finland will strengthen Infosys' ServiceNow capabilities for its clients in Europe," Infosys said in a statement.

Infosys shares rise 4% on acquisition of GuideVision

Shares of Infosys jumped about 4 percent in morning trade on September 14 after the company announced a definitive agreement to acquire GuideVision.

Infosys to acquire European consultancy firm GuideVision

Infosys to buy Czech consultancy firm GuideVision for 30 million euros

“This acquisition is an important milestone in our journey to build capabilities relevant to the digital priorities of our clients," said Ravi Kumar, President, Infosys, said. The acquisition is expected to close during the third quarter of fiscal 2021, subject to customary closing conditions.

WHO head urges rich nations to join COVID-19 vaccine scheme by Friday deadline

ZURICH: Countries should join the World Health Organization's (WHO) COVAX vaccine facility by a Friday (Sep 18) deadline to help ensure that ...

WHO Head Urges Rich Nations To Join Vaccine Scheme By Friday Deadline

Countries should join the World Health Organization's (WHO) COVAX vaccine facility by a Friday deadline to help ensure that immunizations are fairly and efficiently distributed, WHO Director General Tedros Adhanom Ghebreyesus said on Monday.

Oracle confirms it is part of proposal by TikTok-parent ByteDance

Oracle Corp confirmed on Monday that it was part of a proposal made by TikTok-parent ByteDance to the US government to become a technology partner for the Chinese firm

Oracle confirms it is part of proposal for TikTok

NEW YORK, Sept 14 — Oracle Corp confirmed today that it was part of a proposal made by TikTok-parent ByteDance to the US government to become a technology partner for the Chinese firm. Treasury Secretary Steven Mnuchin said earlier in the day that the Trump administration received a proposal from...

London City Airport to cut more than one third of jobs

London City Airport has announced it is cutting up to 239 jobs as part of "crucial restructuring plans".

London City Airport is axing 239 jobs - 35% of its total staff - as part of 'crucial restructuring plans' amid Covid pandemic

London City Airport has announced it is cutting up to 239 jobs as part of

London City airport to make more than a third of staff redundant

Airport says loss of up to 239 jobs will help it to bounce back when post-Covid growth returns

London City Airport cuts 239 jobs as passenger numbers remain low due to Covid-19

London City Airport has announced it will cut up to 239 roles due to low passenger numbers during the coronavirus pandemic.

It’s official: McLaren confirms plans to sell off Woking headquarters

McLaren has confirmed it plans to sell off its Woking headquarters in an attempt to “deliver a stronger balance sheet”.

McLaren wants to sell (then rent) their gorgeous HQ

Due to financial situation McLaren puts up Woking HQ for sale for PhP 12.4 billion

Tanzania, Uganda, ink deal on $3.5bn oil pipeline project

The multi-national plan is led by French petroleum giant Total in partnership with China's CNOOC and struggling British group Tullow Oil, which is seeking to finalise selling its stake in the venture.

Tanzania, Uganda ink deal on $3.5bn oil pipeline project

Tanzania and Uganda signed an agreement Sunday to commence construction on a 1,445-kilometre (900 mile) oil pipeline through East Africa.

£2m investment expands yoghurt production at Clandeboye and brings 13 jobs

A £2 MILLION expansion to the yoghurt-making business at Clandeboye Estate near Bangor has led to the creation of 13 production and management jobs.

Clandeboye to expand yoghurt production and create 13 jobs

Bangor-based SME has received £470,000 support from Invest NI for a new factory

Air Arabia Abu Dhabi to start daily Cairo flights from September 24

Budget airline currently has services to Alexandria and Sohag

Air Arabia Abu Dhabi expands operations, unveils Cairo flights

Air Arabia Abu Dhabi expands operations, unveils Cairo flights

What changed for the market while you were sleeping? Top 10 things to know

Trends on SGX Nifty indicate a positive opening for the index in India with a 35 point gain.

Sensex, Nifty Likely To Have A Firm Start

The domestic stock markets are likely to open in the green, following positive Asian cues, as hopes of a coronavirus vaccine have been rekindled across the world.

Trade ‘very quiet’ on weekend before ‘rule of six’, says Wetherspoons boss

Tim Martin said the pub chain’s sales were 22.5% below the equivalent Saturday last year.

Trade ‘very quiet’ on weekend before ‘rule of six’, says Wetherspoons boss

Tim Martin said the pub chain’s sales were 22.5% below the equivalent Saturday last year.

Trade ‘very quiet’ on weekend before ‘rule of six’, says Wetherspoons boss

Tim Martin said the pub chain’s sales were 22.5% below the equivalent Saturday last year.

Trade ‘very quiet’ on weekend before ‘rule of six’, says Wetherspoons boss

Tim Martin said the pub chain’s sales were 22.5% below the equivalent Saturday last year.

UBS explores merger with Credit Suisse

The chairmen of UBS Group AG and Credit Suisse Group AG are exploring a potential merger to create one of Europe’s largest banks, Inside Paradeplatz reported.

UBS and Credit Suisse reported to be in merger talks

Europe’s banking industry is under pressure to consolidate

This may be the first time in years Apple isn't launching a new iPhone in September — here's everything we know about when the iPhone 12 may be released

Apple has reportedly pushed its iPhone 12 release back to October, marking the first time in years it won't be announcing a new iPhone in September.

Tiger Global, others invest $225 mn in parent of IPL title sponsor Dream 11

Avendus Capital was the financial advisor in Series-E round that also saw participation from TPG Tech Adjacencies, ChrysCapital and Footpath Ventures

IPL title sponsor Dream11 raises fresh funds from Tiger Global, others via primary, secondary deals

Dream11 competes with Mobile Premier League, HalaPlay, Ballebaazi, MyTeam11 in the fantasy gaming segment. The online gaming market size in India is expected to grow from around Rs 4,400 crore in FY 2018 to almost Rs 12,000 crore by FY 2023.

Fantasy sports brand Dream11’s parent firm raises $225mn

"We have grown from one to many brands and from 200 Sportans (employees of Dream Sports) to 450 in the last two years."

Dream11 parent secures $225 million in fresh funding

Tiger Global, TPG, ChrysCapital and Footpath Ventures have made primary and secondary investment in Dream Sports.

Government to examine sale of computer chip design firm Arm to US company Nvidia

The UK-based chip design firm is to be bought in a deal worth more than £30 billion.

Government to examine sale of computer chip design firm Arm to US company Nvidia

The UK-based chip design firm is to be bought in a deal worth more than £30 billion.

Government to examine sale of computer chip design firm Arm to US company Nvidia

The UK-based chip design firm is to be bought in a deal worth more than £30 billion.

South Korea government, Samsung team up after Japan's export curbs on chip material

While industry sources warn South Korea has a long way to go, the need for self-reliance in chip technology has become more critical with the coronavirus pandemic and U.S.-China tensions threatening to accelerate supply chain shifts.

South Korea government, Samsung team up for self-sufficiency after Japan export curbs on chip material

DAEJEON, South Korea: When the South Korea government unveiled an expanded semiconductor material testing facility last month, the centrepiece was ...

SEBI clarifies on new multi cap fund rule, says mutual funds have many options

SEBI on Sunday said that mutual funds have many options to meet minimum criteria of circular pertaining to asset allocation framework for multi cap schemes based on the preference of their unit holders

Sebi issues clarification on asset allocation framework for multi-cap MFs

In its latest press release, Sebi noted that some sections of media have reported various views on the circular and various conclusions are being drawn

MFs have many options to meet 25% limit requirement on multi-cap schemes: SEBI

The capital markets regulator, in a circular issued on Friday, specified that minimum investment in equity and equity related instruments of large-, mid- and small-cap companies should be minimum 25 per cent each of total assets.

Committed to follow SEBI's new norms on multi-cap MF schemes: Amfi

'Given the flexibility now offered by Sebi to facilitate switch to other schemes or merger of schemes, the appropriate portfolio changes will accordingly happen in an orderly fashion,' the industry body said in a statement issued on late Sunday.

Google has offset all the carbon it has ever produced, says CEO Sundar Pichai

Google said it is the first major firm to offset its historical carbon emissions. It will run on carbon-free energy by 2030, CEO Sundar Pichai said.

Google has offset all the carbon it has ever produced, says CEO Sundar Pichai

Google's CEO Sundar Pichai. Justin Sullivan /Getty Images Google says it has offset all of its historical carbon emissions. Sundar Pichai,

Gold flat as vaccine hopes lift equities; focus shifts to Fed meet

Spot gold was mostly unchanged at $1,941.11 per ounce by 0042 GMT.U.S. gold futures were also steady at $1,948.30.

Gold prices flat as vaccine hopes lift equities; focus shifts to Fed meet

Gold prices were flat as investors maintained a cautious approach ahead of Fed's policy decision this week and as optimism around a potential Covid-19 vaccine lifted appetite for riskier assets

Gold prices in India jump today, still 10% down from record high; global rates flat ahead of US Fed meet  

Gold prices hit a record high of Rs 56,191 per 10 gram in August this year, since then the yellow metal prices have corrected over 9 per cent.

August WPI inflation up at 0.16% after being in negative zone for 4 months

The annual rate of inflation based on WPI Food Index decreased from 4.32 per cent in July to 4.07 per cent in August

Wholesale inflation rate rises to 0.16% in August

The annual rate of inflation based on wholesale price index (WPI) increased to 0.16% in August as compared to 1.17% in the corresponding month of the previous year, the government said on Monday.

August WPI rises to 0.16% as food items, manufactured goods get costlier

WPI August Food Index increased to 153.3 from 152.0 in July

August WPI up 0.16%, turning positive for the first time after March

Wholesale price index (WPI) inflation rose to 0.16% in August from a 0.58% contraction in July as inflation for manufactured items advanced to 1.27% from 0.51% from the trailing month, data released by the commerce and industry ministry showed on Monday.

WPI inflation rises for first time since March; August WPI rises this much

Wholesale Price Index (WPI) for August 2020 rose to 0.16% after being in a negative territory for four months straight since March.

Chinese internet firms have less to lose than telcos when it comes to U.S. threats, analyst says

Some of China's top internet companies are publicly listed on Wall Street, including Alibaba, JD.com and NetEase but make comparatively less revenue from the U.S. market.

Nvidia announces its intention to buy chip design giant ARM from Softbank for $40 billion, and employees will get $1.5 billion in equity

In buying Arm, Nvidia will gain access to the chip design's technology, widely used in mobile devices and embraced in the data center market.

Nvidia announces its intention to buy chip design giant ARM from Softbank for $40 billion, and employees will get $1.5 billion in equity

Jensen Huang, CEO of Nvidia, shows the Drive Pegasus robotaxi AI computer at his keynote address at CES in Las Vegas, Nevada, U.S. January 7, 2018. Rick

77-Year-Old Entrepreneur's Bengaluru-Based Start-Up Hits IPO Jackpot

Happiest Minds Technologies' IPO got bids for 3.51 billion shares versus the 23.3 million on offer, ranking it among India's most successful first-time share sales of this decade.

77-year-old entrepreneur Ashok Soota hits India IPO jackpot second time

Happiest Minds, which gets almost all of its revenue from digital services, is one of two IPOs this week to woo Indian investors.

This Week: FedEx earns, Fed policy statement, housing starts

A look at some of the key business events and economic indicators upcoming this week:

This Week: FedEx earns, Fed policy statement, housing starts

A look at some of the key business events and economic indicators upcoming this week:

This Week: FedEx earns, Fed policy statement, housing starts

A look at some of the key business events and economic indicators upcoming this week: DELIVER THIS Wall Street expects that FedEx’s latest quarterly report card will show mixed results. Analysts predict the package delivery company will report Tuesday that its fiscal first-quarter earnings declined from a year earlier, even as revenue rose. FedEx has …

SoftBank is selling British chipmaker ARM to Nvidia for US$40 billion

Nvidia is buying British chipmaker ARM from SoftBank for as much as US$40 billion — a total that would make it the largest semiconductor deal ever.

Nifty IT index rallies 3%; TCS, HCL Tech, Mindtree, Coforge hit fresh highs

Persistent Systems, Datamatics Global, Birlasoft, Mphasis, Firstsource Solutions, NIIT, Mastek, Ramco Systems and Quick Heal from the S&P BSE IT index were up between 5% and 11%

HCL Tech rallies 7%, hits record high after mid-quarter business update

The IT major further said the Ebit margin for the current quarter is expected to be between 20.5-21 per cent

HCL Tech share scales all-time high on strong guidance in Q2 update

HCL Tech stock has gained after 3 days of consecutive fall

India Weighs Dropping Debt Condition in Flag Carrier Sale

India is proposing to drop a condition that the winning bidder for Air India Ltd. will have to take on $3.3 billion of debt.

Govt weighs dropping debt condition in plan to sell Air India: Report

Despite the losses, the airline has some lucrative assets which include prized slots at London's choked Heathrow airport, a fleet of more than 100 planes and thousands of trained pilots and crew

Modi govt plans to drop condition that Air India buyer take on Rs 24,000 cr aircraft debt

Modi govt is being advised to drop the rule on concern it will deter buyers who will be allowed to bid on the enterprise value & not on the entity value.

Petronas Chemicals enters growing oxyalkylates market via acquisition

KUALA LUMPUR, Sept 14 — Petronas Chemicals Group Bhd (PCG) has acquired Germany’s PCC SE’s 50 per cent stake in its Malaysian unit, PCC Oxyalkylates Malaysia Sdn Bhd (PCC-OM) to enter into the growing oxyalkylates market. PCG and PCC SE plan to build an oxyalkylates facility within the Kertih...

Petronas Chemicals and PCC to build oxyalkylates plant in Malaysia

PETRONAS Chemicals Group Berhad (PCG; Kuala Lumpur, Malaysia) recently entered into a Shares Sale and Purchase Agreement (SSPA) with PCC SE to acquire 50%

Dow claws back 28,000 perch as stocks rebound from last week’s selloff, amid vaccine hopes, deal-making

U.S. stocks climb Monday amid a flurry of potential corporate mash ups announced over the weekend, including reports that Oracle may be forging a partnership...

The S&P 500 will climb another 6% in 2020 as fundamentals recover ahead of expectations, JPMorgan says

FILE PHOTO: Traders gather at the post that trades IBM on the floor of the New York Stock Exchange Thomson Reuters JPMorgan expects the S&P 500 to

Banks' NPAs in large industry, services dip 31% in over 2 yrs to Rs 4.3 trn

Banks' non-performing assets in large industry and services declined 31 per cent in over two years to about Rs 4.36 trillion in June this year, Parliament was informed on Monday

Banks' NPAs in large industry, services fall 31 pc in over two years to Rs 4.36 lakh cr

Banks' non-performing assets in large industry and services declined 31 per cent in over two years to about Rs 4.36 lakh crore in June this year, Parliament was informed on Monday.

Banks' NPAs in large industry, services fall 31% in over two years to Rs 4.36 lakh crore

Banks' non-performing assets in large industry and services declined 31 percent in over two years to about Rs 4.36 lakh crore in June this year, Parliament was informed on Monday.

Global technology deals that failed to get regulatory approval

REUTERS: SoftBank Group Corp announced on Monday the sale of chip designer Arm to Nvidia Corp for as much as US$40 billion in a deal set to ...

Vaccine hopes boost world share markets

Vaccine hopes boost world share markets

Market swings expected to continue as tech falters | Honolulu Star-Advertiser

NEW YORK >>Analysts expect swings to continue to rattle markets for weeks, if not months, as investors wait for more clarity on several key issues. At the head of the list of uncertainties is what to do with Big Tech stocks, which critics have long said were due for a slide after soaring too high through the summer.

Top 5 Things to Know in the Market on Monday, September 14th

Top 5 Things to Know in the Market on Monday, September 14th

After Silver Lake, now Carlyle Group eyes a stake in Reliance's retail arm

If a deal is finalised, it will be Carlyle’s 1st investment in India's retail sector

The daily business briefing: September 14, 2020

Oracle beats out Microsoft for TikTok's U.S. operations, Gilead Sciences reaches $21 billion deal for Immunomedics, and more

ByteDance not selling TikTok's US biz to Oracle: Chinese media

Media outlets had earlier reported that Bytedance has chosen Oracle over Microsoft

Sensex ends 98 points lower; IT stocks shine

After gyrating 657 points during the day, the 30-share BSE index settled 97.92 points or 0.25 per cent lower at 38,756.63.

Today's top business news: Stocks drop, S&P expects India's economy to contract 9% in fiscal 2021, 50 years since Milton Friedman’s seminal essay, and more

Updates from the world of economy, markets, and finance

What every Canadian investor needs to know today

A positive start for stocks this week

Retirements, layoffs, labor force flight may leave scars on U.S economy

Retirements, layoffs, labor force flight may leave scars on U.S economy

Retirements, layoffs, labor force flight may leave scars on U.S economy

Judith Ramirez received a letter this month that she'd been dreading: The Honolulu hotel that furloughed her from a housekeeping job in March, ...

ByteDance Approves Oracle Bid to Take Over TikTok's US Operations

Microsoft's offer to take over U.S. operations of TikTok has been rejected by its parent company, ByteDance.

Asia stocks rise as Japan's SoftBank soars around 9% following Arm deal announcement

Shares of Japanese conglomerate SoftBank Group soared on Monday following an announcement that the firm is set to sell U.K. chip designer Arm to U.S. chip firm Nvidia.

Seven Group takes step closer to a seat at the Boral table

Seven Group has moved a step closer to board representation at building materials giant Boral, after the company lifted its stake in Boral to 19.98 per cent.

Seven Group takes step closer to a seat at the Boral table

Seven Group has moved a step closer to board representation at building materials giant Boral, after the company lifted its stake in Boral to 19.98 per cent.

Seven Group takes step closer to a seat at the Boral table

Seven Group has moved a step closer to board representation at building materials giant Boral, after the company lifted its stake in Boral to 19.98 per cent.

Stocks Open Higher on Vaccine Optimism, M&A Fever; Dow up 335 Points

Stocks Open Higher on Vaccine Optimism, M&A Fever; Dow up 335 Points

Aldi expands into click and collect for first time

The supermarket chain said it now plans to extend the programme to more customers in ‘the coming weeks’.

Aldi expands into click and collect for first time

The supermarket chain said it now plans to extend the programme to more customers in ‘the coming weeks’.

Aldi expands into click and collect for first time

The supermarket chain said it now plans to extend the programme to more customers in ‘the coming weeks’.

Aldi trials brand new way for people to shop with click and collect

If successful, the trial will be extended to further stores across the country in the near future

WPI inflation rises 0.16% in August; food, manufactured items turn costlier

The Wholesale price index based (WPI) inflation was in the negative territory for four straight months -- April (-) 1.57 per cent, May (-) 3.37 per cent, June (-) 1.81 per cent and July (-) 0.58 per cent.

WPI inflation up a tad in August after 4 months of deflation

Index rose 0.16 per cent y-o-y; food, manufactured items turn costlier

WPI inflation rises 0.16% in August; food, manufactured items turn costlier

Inflation in vegetables stood at 7.03%, while in onion it was (-) 34.48%.

WPI inflation accelerates to 0.16% in August

Country’s wholesale price inflation accelerated for the first time since March as the prices of food items and manufactured products soared, government

Stocks making the biggest moves premarket: Nvidia, Oracle, Immunomedics, Delta, Nikola & more

Nvidia, Oracle and Immunomedics all surged on dealmaking activity. Delta backs new debt with its frequent flyer program.

Stocks making the biggest moves midday: Oracle, Nvidia, Immunomedics, Overstock & more

Oracle, Nvidia and Immunomedics were all up on dealmaking news. Overstock got a boost after an analyst upgrade.

Upgrade system to identify NPAs, calculation of provisioning by June 30: RBI to banks

The Reserve Bank of India, on Monday, asked banks to upgrade their systems by June 30, 2021, for identification of non-performing assets (NPA) and calculation of provisioning.“In order to ensure the c

RBI pulls up banks over delay in automating NPA recognition process

Banks were advised in August 2011 to have appropriate IT systems for identification of NPAs and generation of related data/returns

RBI asks banks to use automated IT-based system for asset classification

RBI directs banks to complete automation of NPA recognition, provisioning calculation by June 2021

All borrowal accounts, including temporary overdrafts, irrespective of size, sector or types of limits, will be covered in the automated IT based system for asset classification, upgradation, and provisioning processes, says RBI

The Macquarie bubble has burst, unearthing its COVID vulnerabilities

For the first time since the GFC Macquarie is not providing guidance for the full year to the end of March 2021.

The Macquarie bubble has burst, unearthing its COVID vulnerabilities

For the first time since the GFC Macquarie is not providing guidance for the full year to the end of March 2021.

The Macquarie bubble has burst, unearthing its COVID vulnerabilities

For the first time since the GFC Macquarie is not providing guidance for the full year to the end of March 2021.

Goldman Sachs says it's optimistic the US stock market sell-off is almost over and keeps its 3,600 year-end target for the S&P 500

AP Photo/Richard Drew, File The S&P 500 should still hit 3,600 by the end of the year despite the recent tech-sell off, Goldman Sachs said...

Dollars stream in for iron ore magnates despite wobbly economy

Wright Prospecting recorded $204 million in profit last financial year, up from $160 million in 2019, and paid out $199 million in dividends to its owners.

Dollars stream in for iron ore magnates despite wobbly economy

Wright Prospecting recorded $204 million in profit last financial year, up from $160 million in 2019, and paid out $199 million in dividends to its owners.

Dollars stream in for iron ore magnates despite wobbly economy

Wright Prospecting recorded $204 million in profit last financial year, up from $160 million in 2019, and paid out $199 million in dividends to its owners.

India's oil import bill dips by two-third on fall in global prices: Pradhan

India's crude oil import bill fell to a third in the first four months of the current fiscal after international oil rates nosedived on demand evaporating, Petroleum Minister Dharmendra Pradhan said

India’s crude oil import bill fell to a third due to COVID-19: Petroleum Minister

"Covid-19 pandemic has resulted in an unprecedented fall in demand which in turn has reduced revenue consequent to lockdown imposed in the country."

Walmart still interested in TikTok deal despite Microsoft’s rejection

Walmart says it is still pursuing a deal with TikTok even though its bidding partner, Microsoft, is out of the race to acquire the popular app. America’s biggest retailer confirmed its continued

A ‘reversal’ repo rate below 3.5% will harm the economy, says SBI’s Ecowrap report

The report calls for an ‘activist fiscal policy’

'Reversal repo rate' below 3.5% detrimental to economy: SBI Ecowrap

SBI report said that providing fiscal stimulus is the most effective solution in the current pandemic and it should be immediately provided in line with other countries

Rate cuts beyond a point could be counter-productive: Report

They further said that lowering policy rates below 3.5% could be counterproductive and recommended an activist fiscal policy going forward.

Oracle’s Bid For TikTok Could Be Blocked After ByteDance Rejects Sale Of Algorithm: Report

It comes as Oracle is reportedly set to be announced as TikTok’s “trusted tech partner” in the U.S. after ByteDance reportedlydropped the sale of the app.

World is frozen in response to deluge of US dollars, fearing Trump punishment

The US dollar has fallen significantly against most major currencies but countries' responses have been muted by fear of US retaliation.

World is frozen in response to deluge of US dollars, fearing Trump punishment

The US dollar has fallen significantly against most major currencies but countries' responses have been muted by fear of US retaliation.

World is frozen in response to deluge of US dollars, fearing Trump punishment

The US dollar has fallen significantly against most major currencies but countries' responses have been muted by fear of US retaliation.

Nasdaq Futures Rise 173 Pts; Nvidia Deal Helps

Nasdaq Futures Rise 173 Pts; Nvidia Deal Helps

Dow Rides Tech Higher on Deal Activity

Dow Rides Tech Higher on Deal Activity

Chinese automakers announce targets to raise hydrogen vehicle sales

Chinese automakers announce targets to raise hydrogen vehicle sales

Chinese automakers announce targets to raise hydrogen vehicle sales

Chinese automakers have announced plans to increase sales of hydrogen fuel cell vehicles, a niche segment in the world's biggest auto market, and ...

TikTok exceeds 100 million monthly users in Europe as US sale deadline looms

Europe will become TikTok's key market if it's banned in the US this week.

TikTok exceeds 100 million monthly users in Europe as US sale deadline looms

TikTok's most senior European exec, Rich Waterworth ByteDance/TikTok Video app TikTok said on Monday it had surpassed 100 million monthly users in

Tesla shares jump 9% amid tech rebound, Goldman comments

Shares of Tesla moved higher on Monday, amid a broad rally in the technology sector.

US government to review deal between TikTok and Oracle

Oracle reported to be technology partner after Trump set deadline for US firms to stop dealing with app owner ByteDance

Immunomedics soars 106% after Gilead agrees to acquire the cancer-drug company for $21 billion

Gilead expects the deal to immediately bolster its revenue growth, and to be neutral to accretive to adjusted earnings per share in 2023.

Immunomedics soars 106% after Gilead agrees to acquire the cancer-drug company for $21 billion

FILE PHOTO: Gilead Sciences Inc pharmaceutical company is seen during the outbreak of the coronavirus disease (COVID-19), in California Reuters ...

Why Walmart still wants in on the TikTok deal

Why Walmart still wants in on the TikTok deal

Gold price rises to Rs 51,380; silver rates at Rs 68,000

Gold, Silver prices today: Traders said investors rushed to the safe-haven asset amid weakness in equity markets due to the rising cases of coronavirus, on a global scale

Sebi seeks clarification on Kalyan Jewellers IPO

Kalyan Jewellers' promoter T S Kalyanaraman would be offloading shares worth up to Rs 250 crore, while Highdell Investment Ltd would sell up to Rs 500 crore worth of shares through the OFS route.

Sebi seeks clarification on Kalyan Jewellers IPO

Sebi seeks clarification on Kalyan Jewellers IPO

The proposed IPO comprises issuance of fresh equity aggregating up to Rs 1,000 crore and an offer for sale (OFS) worth Rs 750 crore, according to the Draft Red Herring Prospectus (DRHP).

Funds Seek To Calm Investors As Sebi's New Norms Affect $2 Billion In Equity Assets

Securities and Exchange Board of India (SEBI) said so-called multi-cap funds should invest a minimum 75 per cent in stocks, with equal allocation of 25 per cent between large-, mid- and small-cap shares.

Indian funds seek to calm investors after rule change affects $20 billion in equity assets

The Securities and Exchange Board of India (SEBI) on Friday said so-called multi-cap funds should invest a minimum 75 percent of their assets in stocks, but spooked industry by mandating equal allocation of 25 percent between large-, mid- and small-cap shares.

Nearly a quarter of bars, pubs and clubs yet to reopen after lockdown

The latest market recovery report by CGA and AlixPartners has shown that nearly 27,000 licensed premises are yet to reopen.

Nearly a quarter of bars, pubs and clubs yet to reopen after lockdown

The latest market recovery report by CGA and AlixPartners has shown that nearly 27,000 licensed premises are yet to reopen.

Nearly a quarter of bars, pubs and clubs yet to reopen after lockdown

The latest market recovery report by CGA and AlixPartners has shown that nearly 27,000 licensed premises are yet to reopen.

Retrenchments in Singapore spike in first half of the year, surpassing SARS peak: MOM

SINGAPORE: Retrenchments in the second quarter more than doubled to 8,130 from the figure of 3,220 in the first quarter, according to data ...

RIL share price hits fresh record high today, stock rallies 57% so far this year; should you buy?

RIL stock has zoomed 172 per cent from its March low of Rs 868 apiece. Last week, RIL announced that Silver Lake would invest Rs 7,500 crore in its retail arm RRVL

TikTok’s deal with Oracle may not include app’s key algorithm

TikTok’s Chinese parent company reportedly doesn’t want to sell its signature algorithm — meaning Oracle’s deal to take over parts of the app may not include its secret sauce. The

TikTok rejects Microsoft bid at eleventh hour

Oracle is now the favourite to take over US operations of the popular Chinese-owned video-sharing app.

Oracle confirms Tiktok deal as US officials step in for review

Oracle has confirmed it is part of a deal to sign a partnership agreement with hit video app Tiktok, after a bid from Microsoft was rejected.

Dow surges 300 points as Apple leads tech rebound

Stocks rose amid a slew of corporate dealmaking activity as the market tried to recover from its first back-to-back weekly declines in months.

Reports: TikTok agrees to partner with Oracle, not Microsoft, in U.S.

Sept. 14 (UPI) -- TikTok will partner with Oracle in an agreement reached just ahead of a deadline set by the Trump administration over security concerns about the Chinese video app, according to news reports.

TikTok agrees to partner with Oracle, not Microsoft, in U.S.

Sept. 14 (UPI) -- U.S. tech company Oracle said Monday it's agreed to a partnership with Chinese video-sharing app TikTok one day before it would have been banned in the United States under threat from the Trump administration.

OPEC forecasts steeper oil demand drop as coronavirus persists

World oil demand will tumble by 9.46 million barrels per day this year, the Organization of the Petroleum Exporting Countries said in a monthly report

Uber is fighting a London ban in court, arguing that a selfie verification system for drivers makes passengers safer

Uber is going to court this week to fight a ban preventing it from operating in one of its biggest international markets, London.

Investors teamed up to roast Rio over rock shelter blast, warn departures are first step

A group of 11 investors ramped up pressure on Rio Tinto's board before the removal of CEO Jean-Sebastien Jacques.

Investors teamed up to roast Rio over rock shelter blast, warn departures are first step

A group of 11 investors ramped up pressure on Rio Tinto's board before the removal of CEO Jean-Sebastien Jacques.

Investors teamed up to roast Rio over rock shelter blast, warn departures are first step

A group of 11 investors ramped up pressure on Rio Tinto's board before the removal of CEO Jean-Sebastien Jacques.

Dollar Down, But Focus is on Pound’s Brexit Woes and Japan’s PM Vote

Dollar Down, But Focus is on Pound’s Brexit Woes and Japan’s PM Vote

Oracle confirms deal with TikTok-owner ByteDance to become 'trusted technology provider'

The deal could make Oracle a bigger force in advertising and make it more relevant to young consumers.

SafetyCulture snaps up training startup EdApp in maiden acquisition

Technology unicorn SafetyCulture has bought EdApp in a deal that values the Sydney-based online training app at $40 million.

SafetyCulture snaps up training startup EdApp in maiden acquisition

Technology unicorn SafetyCulture has bought EdApp in a deal that values the Sydney-based online training app at $40 million.

SafetyCulture snaps up training startup EdApp in maiden acquisition

Technology unicorn SafetyCulture has bought EdApp in a deal that values the Sydney-based online training app at $40 million.

Eli Lilly says its arthritis drug helps accelerate recovery in COVID-19 patients treated with remdesivir

Lilly said its drug, baricitinib, branded as Olumiant, in combination with remdesivir cut the median recovery time by about a day, compared to patients treated with remdesivir alone

OPEC cuts 2020 oil demand forecast, trims 2021 outlook on pandemic fallout

OPEC has cut its forecast for oil demand growth this year, citing a weaker-than-expected recovery in India and other Asian countries.

Crude oil, gold prices to remain rangebound with bearish bias in short-term: HDFC Securities

The CFTC data showed that the money managers have increased their net long positions to three week high by 3,608 lots in last week.

This Adani Group share gained 1,230% in last one year; market cap near Rs 1 lakh crore

Adani Green Energy's market capitalisation rose to Rs 99,917 crore on Monday after the stock jumped 5 per cent in intraday trade to Rs 638.85 on BSE

European stocks climb on vaccine hopes and M&A action

European stocks and U.S. equity futures are climbing as investors get optimistic over vaccine possibilities to fight the COVID-19 pandemic.

Foreign investors turn net buyers of Malaysian equities from Sept 7 to 11

KUALA LUMPUR, Sept 14 — After a month of outflow, foreign investors have turned as buyers during the Sept 7-11 period, injecting RM71.2 million net of equities into the local market against RM589.4 million net sold during the whole of the previous week. Bank Islam Malaysia Bhd economist Adam...

Nvidia to buy Arm Holdings from SoftBank for $40 billion

SoftBank bought Arm for $31.4 billion in 2016, and the sale is seen as a move to raise much-needed cash as it has recently lost a significant amount of money in its high-profile investments in companies like WeWork and Uber.

Downer finds his rock of Gibraltar

The former foreign minister has a new free trade gig.

Downer finds his rock of Gibraltar

The former foreign minister has a new free trade gig.

Downer finds his rock of Gibraltar

The former foreign minister has a new free trade gig.

Downer scales the Rock of Gibraltar

Move over Tony Abbott. Another former federal Liberal politician has lined up a trade advisory job with a foreign government.

Unisuper members brace for climate policy shift as pressure mounts

Unisuper has divested from two pure-play coal companies but its members, including prominent scientists, want more.

Unisuper members brace for climate policy shift as pressure mounts

Unisuper has divested from two pure-play coal companies but its members, including prominent scientists, want more.

Unisuper members brace for climate policy shift as pressure mounts

Unisuper has divested from two pure-play coal companies but its members, including prominent scientists, want more.

European Stocks Seen Higher Amid Fresh Vaccine Hopes

European Stocks Seen Higher Amid Fresh Vaccine Hopes

Unions shuts down Arik Air operations over 90% staff layoff

Operations of Arik Air were on Monday shut down by the aviation unions over alleged non payment of staff salaries since April after placing 90 per cent of the workforce on compulsory leave and other anti-labour practices.

Breaking: Unions shuts down Arik Air operations

The News Agency of Nigeria reports that the unions included the National Union of Air Transport Employees and Air Transport Senior Staff Services Association of Nigeria

Workers shut down Arik Air operations in Lagos

Operations of Arik Air were on Monday shut down by the aviation unions over alleged non-payment of staff salaries since April.They claimed that the non-payment started after the company placed ...

Oracle Gamble Pays Off As Shares Surge Amid Reports Of TikTok Preferred Partnership Deal, WH Review

The Redwood City-based software company saw huge gains in it stocks and shares on Monday following news of a major deal struck with the popular Chinese social media...

Avant Money enters mortgage scene with lowest rate on Irish market

Pricing war begins as AIB responds with new loan-to-value fixed rate of 2.25%

Avant Money enters mortgage scene with lowest rate on market

Pricing war begins as AIB responds with new loan-to-value fixed rate of 2.25%

New Spanish mortgage player prompts immediate reaction

THERE has been an immediate response to the entry of a new Spanish player to the mortgage market.

Adani Green hits new high post Q1 results; market-cap nears Rs 1-trillion

The Adani Group company's stock has rallied 1,173 per cent in a year

Adani Green Energy shares locked in 5% upper circuit; firm's m-cap nears Rs 1 lakh crore

The stock rose after the company reported a standalone net profit of Rs 138 crore for the June quarter of FY21 against Rs 5.52 crore in the year-ago period.

Once an American foe, now a friend: OPEC turns 60

In 1973, Arab members of the Organization of Petroleum Exporting Countries brought the US economy to its knees. Now, the cartel created 60 years ago is more likely to do Washington's bidding. Since Saudi Arabia and other Arab OPEC members imposed their famous oil embargo as retribution for US support for Israel during the Yom Kippur War, shifts in global politics and a surge in America's oil production have tamed the group.

Apple out to reignite growth with line updates

LOS ANGELES,Sept 14 — Apple is expected to spotlight its smartwatch, iPad, and subscription services tomorrow as it strives to reignite growth with a must-have holiday line-up. A keenly anticipated iPhone 5G considered vital to the company’s fortunes will likely star in a separate event later...

3 Dividend Stocks Delivering Rich Yields (Along With Higher Risks)

Stocks Analysis by Investing.com (Haris Anwar/Investing.com) covering: AT&T Inc, Amazon.com Inc, Exxon Mobil Corp, International Business Machines. Read Investing.com (Haris Anwar/Investing.com)'s lat

3 Dividend Stocks Delivering Rich Yields (Along With Higher Risks)

Stocks Analysis by Investing.com (Haris Anwar/Investing.com) covering: AT&T Inc, Amazon.com Inc, Exxon Mobil Corp, International Business Machines. Read Investing.com (Haris Anwar/Investing.com)'s lat

Silicon Valley’s Biggest Trump Supporter Wins TikTok

Oracle, one of President Donald Trump’s biggest supporters in Silicon Valley, beat out Microsoft for TikTok’s U.S. operations on Sunday, multiple media outlets reported. Nonetheless, after weeks of talking about a sale, it is not clear that the deal will involve one.

Kaduna shuts down Bet9ja shops in the state

The Kaduna Internal Revenue Service (KADIRS) has shut down many Bet9ja and other gaming shops in its ongoing operation to close all unregistered gaming offices in the state. Head of Gaming at KADRIS Liye Anthony said

Kaduna seals 13 gaming offices for illegal operation, withholding tax

Liye Anthony, Head of Gaming in the agency, made this known in an interview with the News Agency of Nigeria in Kaduna on Sunday.

Share Market News Live: Sensex rises 200 points, Nifty above 11,530; Infosys, HCL Tech, Wipro top performers

India Stock Market News Updates Today:

Burberry will livestream its summer 2021 show on Twitch, becoming the first luxury fashion brand to broadcast on the platform

Burberry's Spring/Summer 2021 show will stream on Twitch — the first luxury fashion show to appear on the platform.

Nvidia acquisition of Arm throws company into tech spat between U.S. and China

Nvidia acquisition of Arm throws company into tech spat between U.S. and China

It's official: Nvidia purchases Arm in $40 billion deal

Deal to be made up of $12 billion in cash, and $21.5 billion in Nvidia stock.

Nvidia to buy Arm for $40 billion from SoftBank

The final deal is a mix of cash and Nvidia stock options, and the Arm acquistion is expected to close in 18 months or so.

NVIDIA to Purchase Arm in Record-Busting Deal - The Mac Observer

NVIDIA has come to an agreement to buy UK chip-designer ARM from Softbank in a transaction worth a total of $40 billion. 

How the Philippine peso became Asia's best-performing currency in 2020 amidst pandemic

Fall in imports, current account surplus, spike in demand for bonds behind peso's climb

These 2 Robinhood Stocks Are Absurdly Cheap Right Now

These companies are positioned for a massive recovery over the long term.

An influential investor group demands the world's largest polluters execute strategies for 'net-zero' carbon by 2050

NurPhoto/Getty Climate Action 100+ has demanded the world's largest greenhouse-gas emitters to execute "net-zero" strategies by 2050 or earlier.The group

An influential investor group demands the world's largest polluters to execute strategies for 'net-zero' carbon by 2050

NurPhoto/Getty Climate Action 100+ has demanded the world's largest greenhouse-gas emitters to execute 'net-zero' strategies by 2050 or earlie...

Nikola rebuts fraud claims but acknowledges that its truck wasn't driving itself

The company said there were "dozens" of inaccurate allegations in a report by a short-selling firm.

Electric trucking startup Nikola defends itself from short-seller fraud allegations

Nikola is accused of pushing a nonfunctional truck down a hill for a promotional video.

Sensex Jumps Over 300 Points, Nifty Crosses 11,500 Amid Gains Across Sectors

Asian share markets firmed on renewed hopes for a coronavirus vaccine after AstraZeneca resumed its Phase 3 trial though sentiment was still cautious ahead of a big week of central bank meetings in UK, Japan and the United States.

NVIDIA officially acquires Arm for $40 billion in bid for AI dominance

It's official as NVIDIA is acquiring Arm Limited for $40 billion. The deal is expected to help accelerate NVIDIA's desire to be a leader in AI and earn more revenue from licensing IP to other industries chip makers like Qualcomm and Texas Instruments.

NVIDIA officially acquires Arm for $40 billion in bid for AI dominance

It's official as NVIDIA is acquiring Arm Limited for $40 billion. The deal is expected to help accelerate NVIDIA's desire to be a leader in AI and earn more revenue from licensing IP to other industries chip makers like Qualcomm and Texas Instruments.

NVIDIA officially acquires Arm for $40 billion in bid for AI dominance

It's official as NVIDIA is acquiring Arm Limited for $40 billion. The deal is expected to help accelerate NVIDIA's desire to be a leader in AI and earn more revenue from licensing IP to other industries chip makers like Qualcomm and Texas Instruments.

Delta will use frequent-flyer program to back $6.5 billion in debt

Delta Air Lines became the latest carrier to tap its frequent-flyer program to cover new debt.

Delta will use frequent-flyer program to back $6.5 billion in debt

Delta Air Lines on Monday said that it will borrow $6.5 billion backed by its frequent-flyer program, the third airline to tap its loyalty platform to shore up liquidity amid the coronavirus crisis.

Delta Will Borrow $6.5 Billion Backed By Frequent Flyer Program

Airlines are facing a cash crisis thanks to plummeting demand during the coronavirus pandemic.

Australian heavyweight Macquarie sees H1 profit slump in virus upheaval

The conglomerate said net profit for the current September half year would be hit as delayed deals and subdued market trading curtailed income

Retrenchments in Singapore in first half of the year rose to 11,350, higher than 9,920 initially estimated, says ministry

SINGAPORE, Sept 14 — Retrenchments rose sharply to 11,350 in the first half of the year, the Manpower Ministry (MOM) said today, higher than was initially estimated. Advanced estimates released on July 29 had said there were 6,700 retrenchments between April and June, making a total of...

Singapore retrenchments in first half of 2020 rose to 11,350, higher than the 9,920 initially estimated

SINGAPORE, Sept 14 — Retrenchments rose sharply to 11,350 in the first half of the year, the Ministry of Manpower (MOM) said today, higher than was estimated at first. Advanced estimates released on July 29 had forecast that there were 6,700 retrenchments between April and June, making a total of...

Huawei Launches 'Go Global' Alliance to Boost Chinese Gaming, Tech Firms on HMS, HarmonyOS Platforms

The alliance would include 12 partners in a bid to build a "Go Global Service Engine" aimed at combining resources and working jointly on Huawei's app platform, as well...

Oil Edges Higher Ahead of OPEC+ Meeting With Demand in Focus

Oil prices last week had slipped to the lowest since mid-June.

Google announced one of the biggest green pledges from tech yet

The tech giant will do more than offset its emissions

RIL and its partly-paid up stocks hit new highs; overall m-cap tops Rs 16.5 lakh crore

On September 10, RIL became the first Indian company to surpass a market capitalisation of $200 billion. The oil-to-telecom conglomerate now ranks 44th in terms of valuations globally.

Britain’s Brexit ‘negotiating tactic’ has backfired, says Varadkar

The UK Government’s Internal Market Bill has caused huge controversy over its impact on talks with the EU and on international treaties.

Pakistan’s economy revs up as Covid-19 cases ease up

Analysts expect 5% growth this year, more than double the government target of 2.1%

Pakistan’s economy is beginning to show momentum as Covid cases taper off

Evidence of momentum returning to the Pakistani economy can be seen from growing cement-to-fuel sales and demand for home appliances to cars.

10 things you need to know this morning in Australia

Good morning, all. Hope you had good weekends.

Citi has a message for oil bulls: $60 oil to return by 2021

The rate at which those stockpiles are shrinking appears to have slowed in recent weeks as the coronavirus proved stubbornly persistent and the OPEC+ alliance returned barrels to the market.

TSMC extends the gap - comfortably leads Samsung in the chip industry -

TSMC extends the gap - comfortably leads Samsung in the chip industry. Huawei's ban seems not to be affecting the Taiwanese chip maker

NVIDIA out to be a giant in an AI age

US graphics chip maker NVIDIA aims to be a powerhouse in an era of artificial intelligence with the big-ticket buy of Britain-based Arm, whose microprocessors are in many smartphones.

NVIDIA out to be a giant in an AI age

US graphics chip maker NVIDIA aims to be a powerhouse in an era of artificial intelligence with the big-ticket buy of Britain-based Arm, whose microprocessors are in many smartphones.

Gilead nears deal to buy Immunomedics for more than US$20 billion: Report

Gilead Sciences Inc will acquire biopharmaceutical company Immunomedics Inc for US$21 billion in a deal that would further expand Gilead's ...

Larry Ellison's Oracle wins bid to buy TikTok's US operation after the Chinese app rejected Microsoft bid at 11th hour

Computer software company Oracle has won the bidding for Chinese app TikTok's US operations and will become a 'trusted partner,' a source told the Wall Street Journal Sunday.

Amazon is recruiting 100,000 new staff in its fourth major US hiring spree of the pandemic

Amazon is opening 100 new sites in September and adding 100,000 permanent staff across the US and Canada, it said Monday.

Thai court allows Thai Airways to file for reorganization

BANGKOK — Thailand’s Central Bankruptcy Court on Monday gave the go-ahead to financially ailing Thai Airways International to submit a business reorganization plan and appointed seven planners to oversee it.

Thai Court Allows Thai Airways to File for Reorganization

Thailand’s Central Bankruptcy Court on Monday gave the go-ahead to financially ailing Thai Airways International to submit a business reorganization plan and appointed seven planners to overs…

COVID-19: Awful economic numbers of business' Q2 already 'ancient history'

This week's GDP figures are due out on Thursday.

Public banks need much more than Rs 20,000 crore capital infusion

Government's plan to infuse Rs 20,000 crore into public sector banks puts no pressure on the Centre, but the lenders have to be ready with enough capital if matters go south

TCS becomes first Indian IT firm to cross Rs 9 lakh crore market capitalisation

TCS share hit all-time high on BSE today rising 3.37% to Rs 2,453 against previous close of Rs 2373 on BSE

Retailers criticise Treasury over move to scrap VAT-free shopping for tourists

Business groups fear the move could end up seeing tourists spending their cash in Paris and Milan instead.

Commodities Week Ahead: Gold On Fed Watch; Oil Tracks Sally, Pre-OPEC+ 

Commodities Analysis by Investing.com (Barani Krishnan/Investing.com) covering: EUR/USD, XAU/USD, US Dollar Index Futures, Gold Futures. Read Investing.com (Barani Krishnan/Investing.com)'s latest art

Top headlines: Carlyle, SoftBank on waiting list for Reliance Retail stake

Business Standard brings you the top headlines of the day

Nvidia’s $40-billion ARM deal will upend the entire chip industry

If Nvidia is able to pull off its blockbuster acquisition of premier chip designer ARM, the deal may be the final piece it needs to dominate the industry for a generation.

Vedanta Resources leads India surge in dollar loans to fund local buyouts

Vedanta, the London-based commodity conglomerate controlled by billionaire Anil Agarwal, raised a $1.75 billion facility in August to finance a plan to take its Indian unit private

Vedanta Resources leads India surge in dollar loans for local buyouts

Vedanta raised a $1.75 billion facility in August to finance a plan to take its Indian unit private, and is in talks with banks for a further $600 million

UBS and Credit Suisse are reportedly considering a merger that would create one of Europe's largest banks

A Swiss financial blog reported that the two bank's chairmen have been involved on the potential deal, nicknamed Signal.

UBS and Credit Suisse are reportedly considering a merger that would create one of Europe's largest banks

Logos of Swiss banks Credit Suisse and UBS are seen Zurich Reuters A Swiss financial blog reported Monday that Credit Suisse and competitor UBS are

Microsoft's offer to buy TikTok's U.S. operations rejected

Microsoft announced on Sunday that the Chinese company ByteDance rejected its offer to purchase TikTok's U.S. operations. In early August, President Trump issued an executive order saying TikTok, a popular video-sharing app, was a national security risk, and ByteDance had until mid-September to sell off its U.S. operations or the app would be banned. A person with knowledge of the matter told The Associated Press ByteDance chose Oracle, the only other publicly known bidder, to buy the app. Oracle has close ties to Trump, with Larry Ellison, its co-founder and chairman, a supporter who has hosted a fundraiser for the president. In a statement, Microsoft said it was "confident our proposal would have been good for TikTok's users, while protecting national security interests." Microsoft had previously said it would have to take over TikTok's algorithms and computer source code in order to protect the privacy of U.S. users and keep the Chinese government from using the app to spread disinformation. In response, the…

Once an American foe, now a friend: OPEC turns 60

Shifts in global politics and a surge in America's oil production have transformed the group.

Is The Dollar Bounce Nearly Over?

Forex Analysis by Marc Chandler covering: EUR/USD, GBP/USD, USD/JPY, AUD/USD. Read Marc Chandler's latest article on Investing.com

Brexit risk premium returns to UK markets

The latest bout of sabre-rattling is upping the premium investors demand for holding assets

Pledging of shares by promoters hits 3-year high in August: Report

Pledging of shares by promoters in the NSE-listed firms reached at 1.86% of the total market capitalisation in August, making it the highest in three years, according to a report by primeinfobase.com

Promoter share pledging hits 3-year high in August: Report

High pledge levels are typically not considered a good sign by the investors as a downturn in the market price can lead to invocation and change in management.

SBI’s special fixed deposit scheme for senior citizens extended till December 31, check details here

SBI 'WECARE' Senior Citizens' Term Deposit scheme for senior citizens was launched in May to provide a higher interest rate to senior citizens in the current falling interest rate scenario.

Fixed deposits: SBI revises FD interest rates; here are the latest rates

For deposits maturing in 1 year to less than 2 years, the bank has slashed interest rates by 20 basis points. The proposed rates of interest shall be made applicable to fresh deposits and renewals of maturing deposits.

SBI cuts interest rates on fixed deposits; check latest FD interest rates, revised changes here

The country's largest lender State Bank of India (SBI) has reduced interest rates on select tenors of fixed deposits with effect from 10 September.

Tesla investors should be watching for M&A for S&P inclusion

Tesla investors should be watching for M&A for S&P inclusion

Santander and UBS chairs should testify in €112m Orcel suit, court rules

Ana Botín and Axel Weber called to give evidence over lender’s decision to cancel hiring of UBS banker

Stocks in focus: Vodafone Idea, SBI Card, IRCTC, Rail Vikas Nigam, Future Retail, PVR

A total of 446 companies including Future Retail, HUDCO, PVR, Apollo Hospitals Enterprises, Jaypee Infratech, MMTC, NBCC (India), PC Jeweller, Raymond, SAIL and SREI Infrastructure Finance are scheduled to announce their quarterly earnings today.

First Mover: As Central Banks Print $1.4B an Hour, Bitcoiners Bet on Federal Reserve ‘Capture’

Though no fresh stimulus is expected this week from the Fed, bitcoin investors betting on money printing could just wait for the next sell-off in U.S stocks.

ICICI Lombard inks bancassurance tie up with Yes Bank

"The partnership will provide the bank's diverse customer base access to the insurer's portfolio and make insurance more accessible to its customers across India," ICICI Lombard General Insurance Company said in a regulatory filing.

ICICI Lombard General Insurance inks bancassurance tie up with YES Bank

Private sector general insurer ICICI Lombard General Insurance Company Ltd said it has entered into a bancassurance tie-up with Yes Bank for selling its insurance products

ICICI Lombard, Yes Bank shares rise as they enter into bancassurance tie-up

Through this tie-up, ICICI Lombard aims to offer innovative insurance solutions to YES BANK’s customers across 28 states and 8 Union Territories.

ICICI Lombard General Insurance, YES Bank enter into bancassurance pact

ICICI Lombard General Insurance has entered into a bancassurance tie-up with private sector lender YES Bank.“The partnership will provide the bank’s diverse customer base access to the insurer’s portf

Got $800? Here Are 3 Stocks Ready to Bounce Back

If you like to buy stocks after they take a step back, here are three promising investments that have somehow shed at least 20% of their value over the past month.

Markets stable as pound gains ground

The FTSE 100 closed down 0.1% to 6026.25.

US Huawei ban set to take effect

In preparation for ban, Huawei has been stockpiling several chip inventories since end of 2018

CLSA’s five-year plan shows Communist China is in charge

The recent exodus of top executives from the Hong Kong-based investment bank does not bode well

CLSA’s five-year plan shows communist China is in charge

Nearly a decade on, theres no better example of how the Chinese government can transform a financial firm than CLSA itself.

Dollar sinks as equity market mood lifts, Fed in view

LONDON, Sept 14 — The dollar slipped today against its major peers as a wave of M&A deals lifted the mood in global equity markets and investors looked ahead to an event-packed week which includes a Fed meeting and the appointment of a new Japanese premier. The UK parliament was preparing to...

Wise to assume no-deal Brexit, Central Bank governor says

Gabriel Makhlouf warns that economy is likely to suffer economic shock from Brexit next year

Wise to assume no-deal Brexit – Central Bank governor

Gabriel Makhlouf warns economy likely to suffer economic shock from Brexit next year

Nvidia Buys Arm From SoftBank for $40 Billion

The move gives Nvidia a way into mobile chips, but the acquisition is likely to face regulatory scrutiny.

Is Apple preparing a VPN or search engine?

Future Apple plans could involve more software launches.

Apple shares gain 3% a day ahead of ‘Time Flies’ event as world speculates what's in store

Apple stock was up 2.42 per cent at $114.71 early on Monday, while Nasdaq Composite was up nearly 2 per cent to 11,069 points.

Once an American foe, now a friend: Opec turns 60

LONDON, Sept 14 — In 1973, Arab members of the Organisation of Petroleum Exporting Countries brought the US economy to its knees. Now, the cartel created 60 years ago is more likely to do Washington's bidding. Since Saudi Arabia and other Arab Opec members imposed their famous oil embargo as...

TikTok likely to nail compromised sale deal or choose a 'multi-party' loss situation: experts

As the deadline set by the Trump executive order threatening closure of Chinese video-sharing platform TikTok draws close, it is likely that TikTok's Chinese owner ByteDance would choose partnership or partial sale to a US firm instead of a wrapped-up buyout including its core algorithm technologies, experts told the Global Times on Monday.

Won't sell or transfer TikTok's algorithm to US, says ByteDance

South China Morning Post reported that ByteDance has reportedly informed the US authorities and potential bidders of the decision

AstraZeneca shares rise as UK coronavirus vaccine trial resumes

AstraZeneca shares rise as UK coronavirus vaccine trial resumes

AstraZeneca shares rise as UK coronavirus vaccine trial resumes

Shares of AstraZeneca rose 1per cent to 8,516 pence on Monday after the British drugmaker received the go-ahead from safety watchdogs over the ...

Gold prices slip marginally to Rs 51,394 per 10 gram, silver down Rs 201 per kg

The uncertainty over BREXIT withdrawal, US-China tensions and rising coronavirus cases has kept risk premium high in the gold prices.

Govt-owned companies biggest wealth destroyers in the last six years: Mutual fund veterans

The government has been pressing citizens to pay taxes and be compliant, but they have very little to show regarding improved efficiencies in the companies they themselves own, the managers said.

Government-owned companies biggest wealth destroyers in the last six years: Mutual fund veterans

State-run firms biggest wealth destroyers in last six yeas, say MF veterans

The government has been pressing citizens to pay taxes and be compliant, but they have very little to show regarding improved efficiencies in the companies they themselves own, the managers added

OPEC sees weaker outlook as demand falters, shale recovers

OPEC downgraded its outlook for the global oil market a few days before ministers meet, amid faltering demand and signs of a recovery in supply from U.S. shale drillers.

Gold price today at Rs 54,390 per 10 gm, silver trends at Rs 67,900 a kg

In New Delhi, the price of 22-carat gold remained at Rs 49,860 per 10 gm, and in Chennai, it jumped to Rs 48,910

Microsoft's offer to buy TikTok rejected - Technology & Health

Report says TikTok's owner has picked a consortium led by Oracle Corp. for a deal for the app's US operations.

Stocks Charge Higher on M&A News and Vaccine Progress

Stocks were rising Monday amid a flurry of mergers and acquisitions news and signs of progress on a coronavirus vaccine.

Oracle reportedly chosen as “technology partner” by TikTok as Microsoft’s bid gets rejected

For the acquisition of TikTok’s US business, Microsoft was the front-runner but then other major companies started talks for the acquisition but the closest competition was from the software giant Oracle. Now, Microsoft officials and other people involved in the negotiations have revealed that TikTok has rejected the company’s acquisition offer and instead, Oracle has …

Vodafone Egypt saga rolls-on as deal expires

Vodafone Group and STC remained in talks over the sale of the former’s majority stake ...

STC fails to strike deal on buying Vodafone Egypt stake

Saudi Telecom Company (STC) said no agreement has been reached to buy a 55 percent stake in Vodafone Egypt, but the parties have agreed to keep the dialogue open. The company said in a bourse statement there was a "misalignment" among the parties involved. 

Pfizer CEO: Coronavirus vaccine could be distributed in U.S. by end of year

The chief executive of Phizer Inc. said Sunday that the pharmaceutical giant should know if its experimental COVID-19 vaccine works by the end of October —...

Senior ByteDance India executives exit amid uncertainty: Report

As Chinese company ByteDance struggles to find certainty after TikTok was banned in India and US, a report by the Economic Times citing sources said that several senior executives of the company are

Stocks, futures push higher after two-week slide: markets wrap

The dollar edged lower and Treasuries were little changed ahead of this week’s Federal Reserve meeting.

Rocky road back to pre-Covid demand levels for gasoline, diesel: Executives

Global gasoline and diesel demand is expected to return to pre-pandemic levels by 2021-end, although a resurgence in Covid-19 cases would keep consumption fluctuating, several industry executives said

TikTok on the clock: U.S. reviewing Oracle's proposed acquisition of Chinese-owned app

Treasury Secretary Steven T. Mnuchin said Monday the Committee on Foreign Investment in the United States will begin this week reviewing a proposal from Oracle to acquire the Chinese-owned video app T

Indian Oil expects gas oil, petrol sales to reach pre-COVID levels in H1 FY21

India's fuel demand in August slipped further and saw its biggest monthly decline since April, while petroleum consumption during April-July witnessed a weak growth of nearly 22.5%

Gold likely to remain choppy amid uncertainty in equity markets: Kotak Securities

The general bias in gold may be on the upside the dollar could remain under pressure ahead of the Fed meeting later this week.

Aug WPI inflation rises to 0.16 percent from -0.58 percent in July

India's retail inflation stands at 6.69% in August

Amazon Is Hiring A Further 100,000 People To Keep Up With Pandemic-Induced Demand

The e-commerce giant has already hired tens of thousands of people this year.

India's secondary listing plan for firms joining foreign markets irks investors

Indian companies that list overseas will have to later launch on a domestic bourse under policy changes being considered by government officials, sources told Reuters, a move that global investors fear will harm valuations.

The stock market faces these 8 risks heading into year-end, JPMorgan says

JPMorgan still views US and growth stocks will continue to be relative out-performers to international and value stocks, respectively, the note said.

US stocks jump but FTSE 100 stalls amid dealmaking frenzy

US stocks jumped but the FTSE 100 fell as investors digested a set of high-profile deals that would change the global corporate landscape.

Indian economy normalising after Q1 slump; growth potential intact: Kumar Mangalam Birla

"I remain confident that India's long-term growth potential remains intact despite the COVID setback. The IMF also has estimated that the Indian economy will rebound to 6 per cent in FY22," Birla said

Indian stock markets bounce back but global cues turn weak

Indian equity markets bounced back this week with both Nifty50 and Sensex up 1.2% and 1.3% to close at 11,464 and 38,855, respectively. The broader market, however, remained weak with Nifty

Monday’s small-cap stocks to watch

Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today

Sensex ends 97 points lower, Nifty at 11,421; Airtel, SBI, PowerGrid top losers

Midcap and smallcap stock were bullish today after SEBI's announcement of new rules that multi-cap mutual funds will be required to increase their exposure to mid and small caps stocks to 25% of their AUM by January 2021

Verizon will acquire Tracfone, the largest MVNO in the US, for over $6 billion

In a deal worth over $6 billion, Verizon is set to acquire Tracfone, the largest MVNO in the United States along with all of its brands.

Verizon buys America Movil MVNO Tracfone for USD 6.25 billion

Verizon has agreed to buy Tracfone, a MVNO in the US owned by Mexico’s America Movil, for USD 6.25 billion. 

Plug Power Is in the Driver’s Seat as Hydrogen Use Grows

Mega deals for Plug Power from companies like Walmart and Home Depot are set to lift PLUG stock further.

Oil prices down on weak demand outlook

Oil futures fall Monday, undercut by continued demand worries as the Organization of the Petroleum Exporting Countries further reduces its outlook for demand...

Trump administration to review Oracle’s TikTok deal this week

Panel will recommend whether to approve ‘technical partnership’ with China’s ByteDance

Asian Development Bank appoints Takeo Konishi as Country Director for India

Takeo Konishi has 22 years of professional experience, including almost two decades with ADB in many senior roles including as Country Director of Uzbekistan Resident Mission and Advisor in the Central and West Asia department.

Takeo Konishi is ADB’s new Country Director for India

Will will lead ADB’s operations, policy dialogue with the government, other development partners in India

Asian Development Bank appoints Takeo Konishi as Country Director for India

Konishi succeeds Kenichi Yokoyama who has taken over as Director-General of ADB's South Asia Department and will be based at ADB headquarter in Manila, ADB said in a release.

Here's why copper matters to China's economy

Copper prices are recovering from COVID-19. China's policies, an increase in manufacturing, and falling supply in South America are driving demand.

Govt to infuse Rs 20,000 cr in public sector banks; seeks parliamentary nod

The government has infused Rs 3.5 trillion in PSBs in the last few years, with the previous round of recapitalisation taking place in September 2019

Oracle confirms deal to become TikTok’s ‘technology provider’ in US

Software giant Oracle confirmed Monday that it has reached a deal with TikTok parent ByteDance to become the Chinese firm’s “trusted technology provider” in the US. The

59-minute MSME loan: 92% sanctioned loans with this much amount disbursed; applications up 59% 

Credit and Finance for MSMEs: The 59-minute loan scheme was launched on November 2, 2018, to provide in-principle approval for a term loan or working capital loan from Rs 1 lakh to Rs 1 crore. However, in July last year, SBI Andhra Bank, Corporation Bank, Oriental Bank of Commerce, and Union Bank of India had enhanced the credit limit to Rs 5 crore.

Dollar Edges Lower; Sterling Rebounds After Sharp Selloff

Dollar Edges Lower; Sterling Rebounds After Sharp Selloff

Mercedes Benz to hike prices of select models from October

The upward revision of the price will be effective from first week of October. The price correction would be up to 2 per cent, varying across select model range, Mercedes-Benz India said in a statement.

Mercedes-Benz to hike prices of select models from October

While the company did not specify the specific models, it is understood that the price hike will impact its volume models, C-Class, E-Class and GLC by up to Rs 1.5 lakh.

Rumor: Huawei Mate 40 availability may be pushed back to 2021

According to reliable tipster Evan Blass, availability of the Huawei Mate 40 series may be delayed until 2021. The reason could be tied to the US trade ban.

Nvidia Buying Arm Means Nothing for Apple, but Maybe Good Things for Nintendo

After weeks of rumors, Nvidia announced last night that it was ready to plop down $40 billion to acquire Arm Limited, better known as that company that designs Arm architecture behind CPUs in practically every gadget you use on a day-to-day basis.

ASX to edge up, central banks in focus

Australian shares are set for a modest start to the week, during which investors will be parsing policymaker comments from Australia to the UK and the US.

2 Top Robinhood Stocks You Can Buy and Hold for a Decade

Long-term investing is the key to sustainable returns in the stock market.

Germany breaks up with China to join Indo-Pacific club

In a major diplomatic jolt to China, Germany has decided to focus on maintaining stronger partnerships with democratic countries in the India-Pacific region in order to promote the rule of law.

HCL Technologies, Infosys, other IT stocks push Sensex, Nifty up; top factors moving markets today

Equity markets saw midcap and smallcap indices outperform the benchmarks. Volatility, after gaining in the initial minutes, slipped marginally.

The Daily Chase: Oracle chosen for U.S. TikTok deal; stocks rise on vaccine hope

It looks like Oracle is the chosen one to help spare TikTok from being shut down in the United States by president Donald Trump.

Here's what to expect from Kraft Heinz's investor meeting

The coronavirus pandemic has revived Kraft Heinz's sales just as it prepares to unveil its turnaround strategy.

Opening Bell: U.S. Futures, Global Stocks Rebound; Oil Pressured, Gold Flat

Market Overview Analysis by Investing.com (Pinchas Cohen/Investing.com) covering: EUR/USD, GBP/USD, USD/JPY, XAU/USD. Read Investing.com (Pinchas Cohen/Investing.com)'s latest article on Investing.com

Microsoft won’t buy TikTok; Oracle will become be the app’s ‘partner’ (Updated)

Oracle confirmed it will be TikTok's "trusted technology provider" in a deal that must be approved by the U.S. government.

11,550-11,650 to act as immediate hurdles: Sameet Chavan of Angel Broking

On the lower side, 11,350-11,200 would be seen as a key support zone

Hot Stocks | Here's why Adani Ports and Wipro are a buy for short-term

As far as levels are concerned, 11,550-11,650 are likely to act as immediate hurdles; whereas on the lower side, 11,350-11,200 would work as a key support zone.

Top smallcap, midcap stocks to buy: Kotak, ICICI, Edelweiss’ top picks on SEBI’s multicap rule change

It finally may be go-time for small cap and midcap stocks. SEBI issued a circular last week which is expected to further help the small cap and midcap stocks rally.

GRAINS-Soybeans rise above $10 a bushel on Chinese demand

SYDNEY, Sept 14 (Reuters) - U.S. soybean futures rose above $10 a bushel on Monday as strong demand from China, the world's largest importer, underpinned the market.FUNDAMENTALS

Fiscal deficit may hit 8% of FY21 GDP on additional govt borrowing: Experts

The development comes at a time when the economy is limping back to normalcy after a stringent lockdown that lasted over two months

Stock Market Bubble: Are Stocks Too Expensive Right Now?

Simply put, the stock market has gone wild. It's important to factor that into your investment planning.

Top midcap, smallcap gainers: These stocks rally up to 20% today, beat Sensex, Nifty

S&P BSE SmallCap jumped as much as 4.29 per cent to 15,184.11, which is a fresh 52-week high level. In March this year, the SmallCap index plunged to an all-time low of 8622.25.

HCL Technologies shares jump 12%, hit 52-week high; IT major expects better revenue growth, orders

Information Technology giant HCL Technologies saw its share price gaining 12% on Monday morning as the stock hit a fresh 52-week high.

Seoul stocks rally on tech gains, eased virus curbs

South Korean shares jumped more than 1 percent Monday on the back of advances in tech shares and eased social distancing measures against the new coronavirus in the country. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) rose 31.22 points, or 1.3 percent, to close at 2,427.91. Trading volume was moderate at about 953 million shares worth some 11.9 trillion won ($1...

Seoul stocks open higher on tech gains, eased virus curbs

South Korean shares opened higher Monday, buoyed by tech gains and eased social distancing measures. The Korea Composite Stock Price Index (KOSPI) rose 17.38 points, or 0.73 percent, to 2,414.07 in the first 15 minutes of trading. The index rose above the 2,400-point mark as chipmakers continued to gain despite lingering valuation pressure on tech heavyweights in major economies. Investor sentiment also improved...

Modi govt bans export of all varieties of onions to check price rise

The move is aimed at increasing the availability of onions in the domestic market. In the national capital, prices touched Rs 40 per kg.

Retail inflation marginally dips to 6.69% in August from 6.73% in July

Govt has revised downwards the retail inflation from the earlier estimate of 6.93 per cent. According to the CPI data, food inflation in August fell marginally to 9.05 per cent.

Vedanta delisting: Promoters to spend Rs 7,600 crore extra at current share price

The public holds about 49.5 per cent stake in Vedanta. At the present price of Rs 130 a share, the delisting will be dearer by Rs 7,600 crore

Monday’s TSX breakouts: This dividend stock hits a record high despite recent market weakness

This retailer is currently trading at a reasonable valuation, in-line with its historical averages

To avoid TikTok ban, ByteDance partners with Oracle in the US

The deal will see TikTok partner up with Oracle in the hope of avoiding a ban.

SoftBank to Sell Chip Designer Arm to Nvidia in $40 Billion Deal

SoftBank Group Corp recently announced that it has agreed to sell its chip designer Arm Holdings to Nvidia Corp for up to $40 billion.

COVID-related U.S. e-commerce growth slows as store reopenings attract quarantine-fatigued customers: Adobe

Adobe data shows that shoppers returned to stores as they reopened, with online sales slowing, though still going strong, as a result.

Microsoft May Have Lost Its Bid for TikTok but It Won In This Far More Important Way

The tech giant's bid was rejected by TikTok's parent company, but that may be very good news.