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Japan Inc shakes off Covid gloom but resurgence hits capex, hiring: Report

The headline index for big manufacturers' sentiment improved to minus 10 in December from minus 27 in September

Falling value, e-commerce boom leads to converting jets to freighters

Aviation analytics firm Cirium expects the number of P2F conversions globally will rise by 36% to 90 planes in 2021, and to 109 planes in 2022

Iran mostly contains fire after southwest oil pipeline spill

"Most of the fire … has been contained and operations teams are repairing the damaged section of the pipeline," Qasem Arab Yarmohammadi told the Oil Ministry's news agency, SHANA

Stocks cheered by Covid-19 vaccine roll out, extension of Brexit talks

E-Mini futures for the S&P 500 responded by rising 0.5%, while March Treasury bond futures slipped 5 ticks

Relieved British pound jumps as Brexit talks go beyond deadline

By Saikat Chatterjee

Germany to impose stricter lockdown to halt the spread of coronavirus

Germany will close most stores until at least Jan. 10, cutting short the busy Christmas shopping season, as it tightens coronavirus restrictions and tries to rein in the spread of the infection

Hitachi to sell overseas home appliance biz to Turkey's Arcelik: Report

The Japanese industrial conglomerate aims to improve profit via the deal with the Turkish company, says Nikkei.

AstraZeneca to buy Alexion for $39 billion to expand in immunology

AstraZeneca is one of the frontrunners in the drugs industry's search for a Covid-19 vaccine

Fiat CEO Manley in pole position for top job at Ferrari: Report

Italian newspapers have since speculated on a raft of possible successors

India gearing up poll machinery to give 600 mn Covid vaccine jabs: Report

Serum Institute of India, the world's largest vaccine maker, is already mass producing and stockpiling AstraZeneca's Covishield shot

Investors weigh blocked Chinese companies as Sino-US chill deepens

The executive order by U.S. President Donald Trump, published last month, barred U.S. investors from buying securities of restricted firms starting in November 2021

Brazilian prosecutors sue Maersk over corruption, seek to freeze $200 mn

Prosecutors said there was evidence of bribe payments to Petrobras employees in exchange for privileged information that allowed Maersk to secure shipping contracts

No deal on Brexit trade 'very very likely', says British PM Johnson

Britain quit the EU in January but remains an informal member until December 31

Oil pulls back amid New York coronavirus curbs, gains for a 6th week

Brent futures settled down US28 cents, or 0.6% at $49.97 a barrel. The contract rose above $51 a barrel on Thursday to an early-March high

Airbnb hosts see windfall in just few hours from wild listing-day gains

Airbnb reserved $238 million worth of stock for its hosts, according to company filings

In China men's skincare boom, start-ups & investors seek rich glow

Drawing on the huge reach of online retailers like Alibaba and JD.com, at least 10 new Chinese male skincare brands have been set up this year, said media reports

Bank of England prepares armoury for Brexit disorder, Covid-19 crisis

Governor Andrew Bailey said the central bank had done all it could to mitigate risks from a no-deal departure from the EU on December 31, and it was ready to deal with any market disruptions

US FDA nod for Pfizer's Covid-19 vaccine 'in days' after panel's support

A panel of outside advisers to the FDA on Thursday voted overwhelmingly to endorse emergency use of the vaccine, paving the way for the agency to authorize the shot

AstraZeneca to test combining Covid-19 vaccine with Russian shot

Trials to start by the end of the year

Oil prices set for weekly gain amid coronavirus vaccine rollouts

Brent was up 30 cents or 0.6 per cent at $50.55 a barrel by 1:22 pm IST, after gaining nearly 3 per cent on Thursday