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Cambridge Analytica row: Facebook users can't claim damages, says US court

Users were allowed to sue as a group to require Facebook to employ automated security monitoring, improve employee training, and educate people better about hacking threats

Deutsche Bank sells $50 bn in assets to Goldman Sachs amid overhaul: Report

The assets, related to emerging-market debt, were part of Deutsche's unit to wind down unwanted securities, the people said

HSBC swaps paper records for blockchain to track $20 bn worth of assets

The HSBC platform will digitise paper-based records of private placements, using blockchain to reduce the time it takes investors to make checks or queries on holdings

Wall Street hits fresh record highs on trade deal hopes, robust data

US economic growth picked up slightly in the third quarter, rather than slowing as initially reported, while consumer spending rose steadily in October

Green shoots in US? Sep quarter GDP growth revised slightly to 2.1%

There are signs the economy slowed early in the fourth quarter amid a cooling in consumer spending and a deepening downturn in business investment

BJP's loss of power in Maharashtra may derail $17-bn bullet train project

Any delay of the project is likely to undermine investor confidence, at a time when growth has slowed to its weakest pace in years

Gold prices soften as hopes of US-China trade deal boost equities, dollar

US President Donald Trump on Tuesday said Washington was in the "final throes" of a deal that would defuse the 16-month tariff dispute with Beijing.

Malaysia's AirAsia posts $12.3-mn Sep-quarter loss on forex fluctuations

In a filing to the bourse, it also recorded a depreciation of right of use of asset, and finance costs for lease liabilities during the quarter

China urged to lower 2020 growth target to 6% as trade war with US bites

China has brought forward 1 trillion yuan ($142.07 billion) of the 2020 local government special bonds quota to this year as it seeks to avert a sharper economic slowdown

China advances $142-bn 2020 local-govt bonds by a year to spur growth

Beijing has been leaning more heavily on fiscal stimulus to weather the current downturn, announcing 2 trn yuan in tax and fee cuts this year and 2.15 trn yuan in local government bond issuance

Xiaomi posts slowest revenue growth ever in Q3 as Huawei grabs market share

Net income rose to 3.47 billion yuan, up from 2.50 billion yuan a year ago

IKEA to spend 200 mn euros to cut carbon emission, turn 'climate positive'

In September Ingka Group, which owns most IKEA stores, pledged to exceed its 2020 target to produce as much renewable energy as the energy it consumes by the year's end

Amid US probe, China's ByteDance moves to ringfence its TikTok app

A US panel is probing the safety of personal data handled by the company

Bank of England fines Citigroup 44 million pounds for regulatory failures

BoE's banking supervisory arm, said Citigroup's UK framework for reporting data to regulators was not designed, implemented or operating effectively

US Supreme Court extends block on Donald Trump financial records dispute

He has until December 5 to file his appeal

Xerox to launch direct plea to HP shareholders in $33.5 bn takeover bid

Last week, Xerox threatened to take its bid hostile, if HP did not agree to a 'friendly' discussion and open its books before Monday

China raises $6 billion in its biggest ever international bond sale

The $6 billion total was roughly double the original target and order books

Trump says near deal with China, but US also has eye on Hong Kong

Trump prompted questions about his commitment to protecting freedoms in Hong Kong when he referred in August to its mass street protests as "riots" that were a matter for China to deal with

Gold prices edge higher from two-week lows as Sino-US trade caution lingers

Global equities edged off their highest in almost two years, but kept record levels in sight

Capgemini won't be pressured into higher Altran bid than $15.43/ share: CEO

Elliott, which made waves in France last year when it revealed a stake in drinks maker Pernod Ricard, has since built a holding of more than 10% in Altran