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Trump bans US investments in firms linked to the Chinese military

The Trump administration unveiled an executive order prohibiting US investments in Chinese firms that Washington says are owned or controlled by the Chinese military, ramping up pressure

US labour market gradually healing; weekly jobless claims at 7-month low

The number of Americans filing new unemployment benefits claims fell to a seven-month low last week, but the pace of decline has slowed and further improvement could be limited by a raging pandemic

Disney revenue better than expected as it starts climbing out of Covid-19

Walt Disney reported quarterly revenue that was better than Wall Street expected as live sports returned to ESPN and the company's theme parks began recovering from shutdowns due to coronavirus

Instacart taps Goldman Sachs to lead IPO at $30 billion valuation: Report

Instacart has picked Goldman Sachs to lead its IPO, which could come early next year and value the US grocery delivery app at around $30 billion, people familiar with the matter said

WeWork losses mount but 'seismic shift' in office use seen helping recovery

WeWork's revenue declined in the third quarter but its cash burn slowed, a company memo showed, with management confident it can weather the hit to the office sector from Covid-19

Donald Trump's final Federal Reserve picks may get Senate nod next week

Senate votes on Trump's former economic adviser Judy Shelton and St. Louis Fed research director Christopher Waller could take place as early as next week

Wall Street drops as Covid-19 pandemic fears return; Dow, S&P fall over 1%

By Noel Randewich

Donald Trump's Federal Reserve nominees may get Senate vote next week

Republican leaders have previously said they would not advance the nominations unless they were confident that Trump's controversial pick for one of the two open posts

Chinese President Xi Jinping pulled the plug on Jack Ma's Ant IPO: Report

The decision to stop what would have been the world's largest ever IPO, came days after the fintech giant's billionaire founder Jack Ma launched a public attack on the country's financial watchdogs

Covid-19 effect: US data suggests economic recovery may be weakening

By Howard Schneider

Trump admin readies crackdown on US investments in Chinese companies

By Humeyra Pamuk, Alexandra Alper and Idrees Ali

CureVac CEO eyes coronavirus vaccine approval in third quarter of 2021

Haas told a news conference of foreign journalists that the company aimed to initiate rolling review of its vaccine in the first quarter of 2021

Global oil demand unlikely to get vaccine boost until later in 2021: IEA

Brent crude fell 0.8% to $43.46 a barrel in early London trade, snapping three straight days of gains

US weekly jobless claims at 7-month low; consumer prices unchanged

Despite claims dropping to their lowest since March, they remained above their peak of 665,000 during the 2007-2009 Great Recession

Sputnik V Covid vaccine: WHO in talks with Russian institute, says report

Russia's Sputnik V vaccine is 92% effective at protecting people from COVID-19 according to interim trial results, the country's sovereign wealth fund said on Wednesday

India's October fuel demand marks first year-on-year gain in 8 months

Activity in India's dominant services industry also expanded for the first time in eight months in October as demand surged

Dow Jones, S&P 500 drop at open as coronavirus cases surge in US

The Dow Jones Industrial Average fell 165.72 points, or 0.56%, at the open to 29,231.91

UK to consider sanctions against China for breaching Hong Kong treaty

Hong Kong's autonomy was guaranteed under the "one country, two systems" agreement enshrined in the 1984 Sino-British Joint Declaration

Oil demand unlikely to get vaccine boost until later in 2021, says IEA

Global oil demand is unlikely to get a significant boost from the roll-out of vaccines against Covid-19 until well into 2021, the International Energy Agency said

Helped by restructuring, Japan's Nissan trims whopping loss forecast

Nissan is reducing production and its vehicle line-up by a fifth, and slashing costs by 300 billion yen ($2.85 billion) in three years to improve profits