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Mitsubishi to discontinue Pajero from next year; stock falls over 10%

Japan's No. 6 automaker anticipates an operating loss of $1.33 bn

Intel ousts chief engineer Renduchintala after company falls behind rivals

Intel said it is reorganizing technology, systems architecture and client group and new leaders will report to CEO Bob Swan

3M profit misses Street estimates as coronavirus crisis hammers sales

3M is the world's biggest producer of N95 respirator masks and has seen sales surge as governments fought over supplies of protective equipment for healthcare and other essential workers

US consumer confidence ebbs in July as Covid-19 infections flare-up

The Conference Board said on Tuesday its consumer confidence index dropped to a reading of 92.6 this month from 98.3 in June.

First Abu Dhabi Bank profit drops 25% on higher impairments charges

Banks in the region have been hit by the twin shock of the coronavirus pandemic and lower oil price

AstraZeneca's drug gets US FDA nod to treat lung disease patients

The drug Breztri Aerosphere is being approved as a maintenance treatment for patients with chronic obstructive pulmonary disease (COPD), the third leading cause of death globally

McDonald's global sales plunge as Covid-19 lockdowns limit operations

Shares of the Chicago-based burger chain sank more than 2.5 per cent

Pfizer optimistic about rebound in drug sales, raises 2020 profit forecast

The report comes at the start of a busy week of US pharmaceutical earnings, with investors focusing on updates on the development of vaccines and treatments for the pandemic

US Fed dials back recovery hopes, extends lending offers through year-end

The extensions apply to those facilities that were due to expire on or around September 30, the Fed said in a statement

Wall Street opens lower as tough stimulus talks, mixed earnings weigh

The Dow Jones Industrial Average fell 55.32 points, or 0.21 per cent, at the open to 26,529.45

Ex-Malaysian PM Najib sentenced to 12 yrs in jail, fined for abuse of power

The court also sentenced him to 10 years in jail on each of three charges of criminal breach of trust and three charges of money laundering

Canon Inc reports first-ever quarterly net loss, cuts dividend payouts

For the full year, the company expects net profit of 43 billion yen, down 66% from the previous year

Reliance to pay up to Rs 27,000 cr for Future Group retail chains: Report

Reliance's existing retail operation already runs close to 12,000 stores, including a cash-and-carry wholesale business, in over 6,700 Indian towns and cities

Nissan sees $4.5 bn annual operating loss as pandemic hinders recovery

Nissan Motor Co said it expects to make an annual operating loss for a second straight year, as the coronavirus pandemic hampers its efforts to emerge from a deep slump in sales

Thierry Bollore appointed as new Jaguar Land Rover CEO, says Tata Motors

Former Renault executive Bollore, who replaces Ralf Speth at JLR's helm, will assume office effective Sept 10

After Abe's hype, Japan's Covid-19 drug Avigan sees uncertain prospects

Shares of Fujifilm hit record highs in early April, fueled by optimism for the drug, but have since lost a quarter of their value

End game for oil? OPEC prepares for an age of dwindling demand

OPEC faces a dramatic adjustment if consumption starts a permanent decline

Gold hits record peaks on profit taking, helps dollar regain value

The precious metal had stormed almost $40 higher at one point to reach $1,980 an ounce, only for a wave of selling to slap it back to $1,940 in wild trade

Reckitt Benckiser second quarter result tops estimates, raises forecast

Reckitt Benckiser Plc reported better-than-expected quarterly results as cautious customers stocked up on Lysol and Dettol disinfectants and Mucinex cough syrup during the coronavirus pandemic

What's at stake in the battle over US unemployment benefits in Congress?

Unemployment benefits to help laid-off Americans cover their bills as they look for work. They typically cover only a fraction of a worker's prior earnings