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Traders shun risky assets as new lockdowns loom, global stocks tumble

Stocks across the world hit their lowest in seven weeks and other risk assets sold off on Monday

Wall Street slides to seven-week low on new lockdown fears; Dow falls 3%

Wall Street's main indexes have tumbled in the past three weeks as investors dumped heavyweight technology-related stocks

US debt to hit nearly twice of GDP by 2050: Congressional Budget Office

The CBO, in its annual Long Term Budget Outlook, said that increased federal government spending associated with the coronavirus pandemic has accelerated the growth of US budget deficits and debt

London Mayor proposes new Covid-19 restrictions to curb virus surge

"We will collectively be asking the government to implement this plan as soon as possible and I will be discussing it with the Prime Minister tomorrow morning," Mayor Sadiq Khan said in a statement

JP Morgan decides against including India's govt bonds in EM index

India has one of the largest local currency government bond markets among emerging-market economies with over $800 billion in debt stock

Microsoft ups the game, buys ZeniMax for $7.5 bn to bolster Xbox offering

The deal comes more than a week after Microsoft's failed bid for short video app TikTok's U.S assets

Explainer: Why many farmers and politicians oppose govt's farm laws

Nearly 85% of India's poor farmers own less than 2 hectares (5 acres) of land, and they find it difficult to directly negotiate with large buyers of farm goods

Trump suggests Pfizer could win Covid vaccine approval, J&J to come later

US President Donald Trump on Monday suggested Pfizer Inc could secure the first US approval of a Covid-19 vaccine in coming weeks, saying a contender by Johnson & Johnson could come later.

US to challenge judge's order that blocked WeChat app store ban

By David Shepardson

Microsoft Corp to acquire Doom-owner ZeniMax Media for $7.5 billion

Microsoft Corp said on Monday it would acquire ZeniMax Media for $7.5 billion in cash, strengthening its Xbox video game offering with the studio behind smash hit titles Fallout and the Doom reboot.

HSBC, StanChart shares fall to 22-yr low on reports of illicit money flows

BuzzFeed and other media articles were based on leaked suspicious activity reports filed by banks and other financial firms with the U.S. Department of Treasury's Financial Crimes Enforcement Network

Barclays raises oil price outlook, expects limited downside to demand view

The bank raised its 2020 Brent and U.S. West Texas Intermediate (WTI) price forecasts by $2 to $43 per barrel and $39, respectively

India's Petronet buys LNG cargo for delivery in November: Report

etronet bought the cargo which is for delivery to either Dahej or Kochi LNG terminal over Nov. 17-22 at about $4.80 per million British thermal units

Global GDP to hit pre-coronavirus levels in mid-2021: Deutsche Bank

Deutsche raised its forecast for global GDP, expecting it to shrink 3.9% this year after predicting in May a contraction of 5.9% for 2020

France's Iliad makes $4.2 billion bid for Polish telecom firm Play

Iliad, which has already agreed to buy 40% of Play from two shareholders, said it had now bid for all of the operator at 39 zlotys per share, a 38.8% premium to Play's Friday close

Shares, currencies tentative as attention shifts to US election, stimulus

MSCI's broadest index of Asia-Pacific shares outside Japan was a shade weaker, though it was not too far from a June 2018 peak at 568.84

China's ByteDance gets Trump's in-principle nod to avoid TikTok shutdown

ByteDance was racing to avoid a crackdown on TikTok after the US Commerce Department said on Friday it would block new downloads and updates to the app come Sunday

Britain is at Covid-19 tipping point, health minister Matt Hancock says

Covid-19 cases have risen sharply in recent weeks, with 3,899 reported on Sunday

ByteDance says not aware of $5 billion education fund in TikTok deal

US President Donald Trump said he had approved a deal, which included a $5 billion education fund, to allow TikTok to continue to operate in the United States

US will delay the TikTok app store ban by a week over Oracle, Walmart deal

US Commerce Department announced a one-week delay until Sept. 27 in an order issued Friday that was set to require Apple Inc and Alphabet Inc's Google to remove the TikTok app for download