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South Korea unveils aggressive spending plans for growth amid Covid19

The finance ministry said total spending will increase 8.5% to record 555.8 trillion won ($468.30 billion) next year

Nestle to buy Aimmune, valuing allergy treatment maker at $2.6 billion

Nestle said it was offering $34.50 per share for the remaining 74.4% in peanut allergy treatment maker Aimmune Therapeutics

Covid-19: Italy plunges into recession, economy shrinks 12.8% in Q2

The Italian economy is also 17.7 per cent smaller than it was in the same period last year.

Damaged WTO now leaderless as chief Roberto Azevedo steps down

Azevedo, a Brazilian, is heading for a job at PepsiCo Inc and eight candidates are vying to replace him

Warren Buffett looks to Japan, takes 5% stakes in five trading companies

Berkshire Hathaway said it has acquired more than 5% of the shares in five large Japanese companies, marking a departure for Buffett as he looks outside the United States to bolster his conglomerate

Germany to revise downward its 2021 growth forecast due to Covid-19: Report

The government said in April at the height of the pandemic that it expected the economy to rebound with an expansion rate of +5.2% in 2021 following a record plunge of -6.3% this year

European Union offers $478 million to WHO-led Covid-19 vaccine initiative

The COVAX initiative aims to purchase for all countries in the world 2 billion doses of potential Covid-19 shots from several vaccine makers by the end of 2021

Wall Street mixed as S&P 500 on track for best August in 36 years

New entrants to the blue-chip index, Salesforce.com Inc , Honeywell International Inc and Amgen Inc , slipped between 0.3% and 1.2%

Govts must invest Covid-19 aid funds selectively, says IMF chief

Governments need to invest aid funds more selectively to overcome the coronavirus crisis in the long term, International Monetary Fund Managing Director Kristalina Georgieva said

India's fiscal deficit crosses full-year budgeted target in four months

Net tax receipts were Rs 2.03 trillion, while total expenditure was Rs 10.5 trillion

Rupee retreats from six-month high on India-China border tensions

The Indian rupee retreated from near six-month highs on Monday afternoon after reports of fresh border tensions with China came to light, said traders

Asia stocks touch 29-month top, China blue chips at five-year high

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2% to reach its highest since March 2018, bringing gains for the month so far to 5.1%

China's big banks brace for lagging coronavirus risks as bad loans rise

Four of China's five largest state-owned banks said they have increased their provisions against bad debt to brace for future losses due to the impact of the global coronavirus pandemic

Japan looks to AI as Covid-19 challenges go-and-see quality control mantra

Global manufacturers have long used robots in production while leaving the knotty work of spotting flaws mainly to humans

New Zealand bourse website hit by fresh cyberattack, but keeps trading

NZX Ltd was halted for most of last week due to the attacks, which authorities have said originated offshore

Japan factory output rises but retail sales down amid fragile recovery

But retail sales fell for a fifth straight month and at a somewhat faster pace, a worrying sign for private consumption, which accounts for more than half of the world's third-largest economy

As fintech upends banking, Japan regulator expects cross-boundary tie-ups

Years of ultra-low interest rates and a dwindling local population have hurt profits of regional banks, prodding some to consolidate or sign business tie-ups with each other to survive

Chinese investors snap up Hong Kong property as new law deters foreigners

In August alone, mainland buyers snapped up at least two office towers and one hotel building worth 386.74 million pounds in total

Veolia aims to buy 29.9% Suez stake as prelude to planned takeover

French water and waste firm Veolia is offering to buy a 29.9% stake in its smaller peer Suez from French gas and power utility Engie for 2.9 billion euros

Gold hits near two-week high on weaker dollar, dovish US Fed signals

Gold prices rose on Monday to their highest level in nearly two weeks, as US Federal Reserve's new policy framework suggested that interest rates would remain low for some time