Page 1290 - Reuters/workspace/business Standard Web/undefined

Oil prices fall further as Donald Trump tests positive for coronavirus

Brent crude slipped on the news and was down 78 cents, or 1.9%, at $40.53 a barrel at 0516 GMT. U.S. oil was 79 cents, or 2%, lower at $37.93

Google drops Australia from News Showcase launch amid regulator rancour

Alphabet Inc unit dropped Australia from the product's launch this week because its antitrust body has since pushed for laws forcing Google to pay royalties for content industry-wide

US stock futures extend losses after Trump says going into quarantine

Futures for the S&P 500 fell 0.39% in Asian trading after the news, extending earlier losses, while Treasury yields remained broadly unchanged

Tokyo Stock Exchange resumes after outage debacle, market steady

The glitch was the result of a hardware problem at the bourse's "Arrowhead" trading system, and a subsequent failure to switch to a back-up

Gold dips as dollar ticks up; set for best week in nearly two months

Spot gold was down 0.7% at $1,892.06 per ounce by 0306 GMT, after rising 1% to a 1-1/2-week high of $1,911.66 in the previous session

Malaysia risks investment trouble as political instability drags on

Fitch Solutions said the upheaval since March was risky for Malaysia's long-term growth at a time when its neighbours compete for investments from firms diversifying manufacturing away from China

Options investor makes big bets on Nasdaq's popular 'FANG' stocks

The four companies are collectively known among investors as the "FANG" group, for the first letters of Facebook, Amazon, Netflix and Alphabet's Google

Japan's jobs market worsens in August as coronavirus damage persists

The figures come after Suga pledged to protect jobs, keep companies in business and help the economy recover from the impact of Covid

House Democrats discuss tougher antitrust law, some Republicans agree

Representative Ken Buck, a Republican, appeared swayed by calls for tougher antitrust law, including giving more funding to the Justice Department and Federal Trade Commission

Boeing to move 787 Dreamliner production to South Carolina in 2021

Boeing said the single site would improve operational efficiency as the US planemaker adjusts to the market downtown and positions for recovery

Asian markets mixed in early trade, Tokyo reopens after trading glitch

Japan's Nikkei 225 index was up 0.19% after the Tokyo Stock Exchange resumed normal trading after its worst-ever outage brought the world's third-largest equity market to a standstill

Facebook steps up promotion of groups content in feeds, around the web

Facebook app chief Fidji Simo said Facebook would also start showing conversations from public groups outside the app, such as in web searches

Oil prices drop 3% on weak demand outlook and higher OPEC supplies

Brent crude futures fell $1.37, or 3.2%, to settle at $40.93 a barrel after dropping to a low of $39.92

Activist investor Carl Icahn brings son back, lays out succession plan

Carl Icahn is currently the chairman and Keith Cozza is the president and chief executive officer

Playboy to return to US stock market after 9 years through SPAC deal

As part of the deal, Mountain Crest will sell $50 million of its common stock to institutional investors

Moderna says Covid-19 vaccine won't to be ready before US elections: Report

Stephane Bancel told FT that he did not expect to have full approval to distribute the drug to all sections of the U.S. population until next spring

Donald Trump signs stopgap bill to avoid US government shutdown

On Tuesday, the Senate voted 82-6 on a procedural motion to advance the temporary funding bill.

EU starts legal action against UK as Brexit trade talks hit impasse

EU deadline for govt to remove sections of Internal Market Bill expired on Wednesday

India open to launching own app store as start-ups criticise Google: Report

Alphabet-owned Google also said this week that it will strictly enforce a policy which will levy a 30% commission on payments made within apps on its Android store.

PepsiCo sees strong annual profit as snacks, sodas thrive in pandemic

Sales of snacks under the company's Frito-Lay North America unit, rose 7% in the quarter