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India resumes purchases of Malaysian palm oil as relations improve: Report

A restart to buying by India, the world's biggest edible oil importer, could further support Malaysian palm oil prices, which have edged up from 10-month lows in recent days

Swiss regulator probes Credit Suisse directors, asks for phone data: Report

Switzerland's markets watchdog FINMA is examining the culture and governance at one of Europe's largest banks

Covid-19 lockdown: UK jobless claims jump by 856,000 to 2.1 mn in April

A Reuters poll of economists had produced a median forecast for a leap of 676,500 in the claimant count with forecasts ranging widely from just over 56,000 to as high as 1.5 million

After surge in e-comm biz, online used car seller Vroom files to go public

The company said it saw a huge surge in its e-commerce business, with the unit's revenue rising 160% in the first quarter of 2020

Oil jumps to two-month high on easing lockdowns, positive vaccine results

In the first half of May, OPEC+ has cut oil exports sharply, companies that track the shipments said, suggesting a strong start in complying with a new production cut agreement

'No trade war': Australia after China imposes import tariffs on barley

"The reality is they have used a process, quite fairly, around a belief that we have not been fair in our trade," agriculture minister says

'All my dreams are shattered' - Coronavirus crushes Asia's garment industry

Since the 1960s, Asia has grown into the world's garment factory, sending about $670 billion worth of clothes, shoes and bags a year to Europe, the United States and richer Asian countries

Nasdaq to tighten IPO rules, restricting Chinese companies to debut: Report

Nasdaq's curbs on small Chinese IPOs represent the latest flashpoint in the financial relationship between the world's two largest economies

Moderna's Covid-19 vaccine shows early promise; shares soar around 20%

The data are from eight people who took part in a safety trial that kicked off in March as the global pandemic caused by the novel coronavirus was spreading.

Uber to lay off 3,000 workers in second cut for May, trip requests drop 80%

Company says it plans to reduce investments in several non-core projects.

Wall Street surges on hopes for stimulus, Covid-19 vaccine; Dow rises 3.2%

Investors have kept a close eye on vaccine programs of several drugmakers, cheering any positive development amid fears of a second wave of infections as governments start easing restrictions

Tata Steel Dutch workers unions slam 1,000 job cut plans, vow to fight

Tata Steel employs around 9,000 people at IJmuiden, about 25 km (15.5 miles) northwest of Amsterdam

Brent hits 1-month high, US crude tops $31 on output cuts, easing curbs

US West Texas Intermediate (WTI) crude was up $2.46 or 8.4% at $31.89 per barrel, its highest since mid-March

Johnnie Walker maker Diageo exploring options to delist in India: Report

Diageo, the maker of Johnnie Walker whiskey and Tanqueray Gin, currently owns an about 56% stake in United Spirits after slowly building it up over several years

Aramco may cut govt payout as drop in oil prices hits first-quarter profits

Saudi Arabian Oil Co., as the company is formally known, pledged an annual dividend of $75 billion for the first five years to attract investors to its initial public offering in December last year

Benchmark bond yield rises sharply after govt plans to hike borrowing

Traders said yields could rise further in the absence of any immediate support from the central bank in the form of an open market calendar

US govt predicts more job losses, in talks with Congress on Covid-19 relief

While Democrats, who control the House of Representatives, are moving to unveil new legislation as early as this week, the White House signaled it is in no hurry to pass another relief bill

Govt issues guidelines for factory resumption after Vizag gas leak

The guidelines come days after a gas leak killed 11 people and hospitalised 800 others at a plant in southern India operated by a subsidiary of South Korean petrochemicals maker LG Chem Ltd

Bankruptcy court approves Neiman Marcus' plea to access financing

The Dallas-based retailer plans to cede control to creditors in exchange for eliminating $4 billion of debt. Its debt currently totals about $5 billion

Pfizer to outsource some drug production, focus on coronavirus vaccine

Pfizer and German partner BioNTech SE (22UAy.F) said on Tuesday they have begun delivering doses of their coronavirus vaccine candidates for initial human testing in the United States.