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ABN Amro exits trade, commodity financing after losses, to cut 800 jobs

The restructuring will affect around 45 per cent of client loans, worth 18 billion euros ($21 billion) and follows several failed attempts to increase the profitability of the corporate bank

Billionaire Sumner Redstone, media mogul who headed Viacom, dead at 97

Redstone, as executive chairman of both Viacom Inc and CBS Corp , had controlled the two companies through privately held National Amusements

Foxconn's profit beats estimates, sees sustained revenue weakness ahead

Foxconn reported a net profit of T$22.9 billion ($778.54 million) for the second quarter ended June. That was up 34% from a year earlier

Tencent Holdings second-quarter profit beats as games outperform

Chinese gaming and social media giant Tencent Holdings Ltd said second-quarter net profit rose 37%, beating market estimates, on higher demand for its video games

Alibaba-backed Best to list delivery biz in Hong Kong, boost value: Report

The move also comes amid escalating geo-political tensions between the United States and China and tightening scrutiny of US-listed Chinese firms

Oil prices bolstered by bigger-than-expected drop in US crude stocks

Brent crude was up 15 cents, or 0.3%, at $44.65 a barrel by 0206 GMT, after falling around 1% on Tuesday

Mexico to trial China, US coronavirus vaccines, may produce some: Ministry

Mexico aims to conduct late-stage clinical trials for COVID-19 vaccines in development by US and Chinese companies, two of which might base some of their vaccine production in the country\

European banks face indigenous calls to end Amazon oil trade: Report

Fears over the impact of oil extraction in the Amazon were heightened in April when a pipeline ruptured, depriving 27,000 indigenous people of their main water source

Boeing 737 MAX cancellations rise, deliveries drop as crises drag on

Boeing said it lost another 43 orders for the 737 MAX jet in July bringing the total number of canceled orders to 416 for this year.

India's weak fuel demand drags on as coronavirus crisis worsens

Sales of gasoline, or petrol, fell by 10.3% from a year earlier to 2.26 million tonnes, and were down 0.8% from 2.28 million tonnes in June

US inks $1.5 bn deal with Moderna for 100 mn doses of Covid-19 'vaccine'

The US government previously gave Moderna around $1 billion to fund its research efforts, bringing total US funding to around $2.5 billion

Trump's TikTok ban to cut it off from app stores, advertisers: WH document

Trump signed an order last week prohibiting transactions with TikTok if its parent ByteDance does not reach a deal to divest it in 45 days

Democratic presidential candidate Biden taps Senator Harris as running mate

Harris, 55, becomes the first Black woman on a major presidential ticket in US history and providing him with a partner well suited to go on the attack against Republican President Donald Trump.

China July auto sales surge 16% in fourth month of gains, shows data

Sales rose to 2.11 million vehicles, according to the data from the China Association of Automobile Manufacturers

Japan's current account surplus shrinks to 5-year low amid Covid-19

The current account surplus was 167.5 billion yen ($1.58 billion), the smallest monthly surplus since January 2015

French data privacy watchdog opens preliminary investigation into TikTok

TikTok, owned by China's ByteDance, is already under investigation over privacy concerns by US, European Union and Dutch authorities

Covid-19 impact: UK job losses hit decade-high, worse seen ahead

Mounting job losses are expected as Britain winds down its job-retention scheme, which has covered around one in three private-sector jobs. It is due to close at the end of October

Twitter users can now control who replies to their tweets: Here's how

Users can select from three sets of people - everyone, only people they follow and only people they mention in the tweet

Facebook removes 7 mn posts for sharing false information on Covid-19

Facebook said it relied more heavily on automation technology for reviewing content during the months of April, May and June as it had fewer reviewers at its offices due to the Covid-19 pandemic

SoftBank touts Vision Fund gains, ditches operating profit as yardstick

Chief Executive Masayoshi Son has long emphasised the total value of assets as his preferred yardstick