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SoftBank Q1 performance seen buoyed by China IPOs; crackdown clouds outlook

The group reported a record $37 billion net profit in the financial year ended March due in large part to outsized gains from a stake in South Korean e-tailer Coupang Inc.

India equity deals set to pick up pace as investors hunt post-pandemic bets

The fundraising boom in India by firms, ranging from an e-comm platform to a food delivery apps, comes even as country's economic rebound, already weakened in recent months, faces risk from Covid

Gold eyes biggest weekly gain in over 2 months on US Fed signal

Spot gold was steady at $1,827.28 per ounce by 0256 GMT, having hit its highest since July 15 at $1,832.40 on Thursday

Singapore's DBS and Temasek to set up $500 million debt financing platform

Southeast Asia's biggest lender DBS Group Ltd and Singapore state investor Temasek Holdings said on Friday they would jointly launch a $500 million growth stage debt financing platform

Microsoft looks to tap into Oyo before its potential IPO: Report

The deal could be announced in the coming weeks and would be a prelude to an initial public offering (IPO) by Oyo, the source said

Covid-19 pandemic: Big Tech makes jabs mandatory, Twitter closes offices

Twitter started allowing employees back to its campuses in San Francisco and New York

Astra's Covid-19 vaccine sales triple in Q2, top $1 billion in H1

Firm exploring whether vaccine biz is sustainable for next 5-10 years: Official

US economy returns to pre-pandemic size, grows 1.6% in Q2: Report

On an annualised basis, second-quarter growth was 6.5 per cent

LinkedIn allows staff to work fully remote, removes in-office expectation

By Danielle Kaye

Mastercard profit beats estimates on consumer spending, travel boost

Mastercard saw improved strength in travel between the Unites States and Latin America, as well as an increase in travel within Europe, Miebach said on a conference call.

Merck sees recovery in non-Covid vax demand, quarterly sales beat estimates

Merck & Co reported quarterly revenue that topped Wall Street estimates, as sales of its Gardasil vaccine bounced back and demand for blockbuster cancer drug Keytruda remained strong

US economy returns to pre-pandemic level; labor market healing

The pace of GDP growth reported by the Commerce Department on Thursday was, however, slower than economists had expected.

Oil prices edge higher on inventory drawdowns, Brent tops $75 a barrel

Oil prices rose on Thursday as crude stockpiles in the United States, the world's top oil consumer, fell to their lowest since January 2020

Didi Global denies media report it plans to go private after $4.4 bn IPO

Shares in Didi, which jumped as much as 40% to $12.42 in premarket trading after the report, pared gains after trading opened on Wall Street.

Asked on Porsche IPO, VW CEO says we have to 'consider' tapping markets

His remarks came a day after Volkswagen unveiled a bid to buy Europcar jointly with Attestor and Pon Holdings via vehicle called Green Mobility Holding.

Hear no evil, see no evil: How Credit Suisse ignored Archegos warnings

The Swiss bank suffered by far the most of all peers from financing the fund's risky market bets

US economy grows solidly in second quarter; weekly jobless claims fall

Though the fiscal boost is fading and COVID-19 cases are rising in states with lower vaccination rates, consumer spending will likely continue to grow.

Indian traders sign sugar export deals in advance as frost hits Brazil

Traders said the likely decline has already lifted sugar prices near their highest levels in 3-years

Australia's Fortescue teams up with JSW Energy for hydrogen projects

Fortescue Future Industries (FFI) has signed the agreement with JSW Future Energy for collaborating on hydrogen mobility, green ammonia and their industrial applications in India.

Panasonic's Q1 profit soars 27-fold on demand for car batteries, appliances

Panasonic, a key supplier of batteries to Tesla Inc, has moved away from low-margin consumer electronics