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LVMH and Tiffany end luxury battle, cut price on $16 billion takeover

The transaction, which has received regulatory clearance, is expected to close in early 2021, subject to Tiffany shareholder approval

Maruti Suzuki says 'no immediate need' for govt to cut taxes on cars

Some automakers have been pushing the government to temporarily reduce tax rates on cars by 10% to boost sales after the coronavirus pandemic brought economic activity to a standstill

India Sept infrastructure output contracts 0.8% compared to year-ago period

Infrastructure output, which comprises eight sectors including coal, crude oil and electricity, accounts for nearly 40% of industrial output

Activists urge 'Big Pharma' to be transparent on Covid-19 vaccine costs

Medecins Sans Frontieres (Doctors Without Borders) demanded that companies provide details around price, supply and distribution of any vaccine proven safe and effective

Japan automakers post 2.1% dip in Sep global sales on subdued demand

Japanese automakers saw a 2.1% drop in global vehicles sales in September compared with a year earlier as the coronavirus pandemic continued to hurt demand even as factories and dealerships reopen

India's gold demand could recover during Q4 on festival shopping: WGC

Demand for the precious metal usually spikes towards the end of the year in India, as buying gold for weddings and major festivals such as Diwali and Dussehra is considered auspicious

Japan Sep retail sales fall 8.7% y-o-y as shopping appetite remains subdued

Japanese retail sales fell 8.7% in September from a year earlier, down for a seventh straight month, government data showed, as the coronavirus pandemic kept a lid on consumers' shopping appetite

SoftBank attempted to delay WeWork's $3 bn share purchase: Court filing

The transcript includes an undated text exchange between Son and Marcelo Claure, who he installed as WeWork's executive chairman last October

Boeing deepens job cuts as Covid-19, 737 Max grounding extend losses

The US planemaker also said it was sticking with reduced production rates announced in July, and signaled it was ready to cut 787 production again if needed with 50 undelivered jets sitting outside

Bank of Japan trims growth and price outlook, keeps policy steady

As widely expected, the central bank kept monetary policy steady, including a -0.1% target for short-term interest rates and a pledge to guide long-term rates around 0%

If elected, Joe Biden would consult allies on tariffs on China: Advisers

China has been a central foreign policy focus in the 2020 presidential campaign

US Federal Trade Commission loses bid to revive Qualcomm case

On August 11, a three-judge panel of the 9th Circuit said the FTC failed to establish that Qualcomm's practices had an anticompetitive effect on the cellular chip market

Wall Street sinks 3%, Dow at late July lows as coronavirus pandemic surges

The sell-off accelerated during the session's final minutes,with both the Dow and benchmark S&P 500 posting their biggest single-day declines since June 11

Samsung sees profit decline on weak chip demand after strong Q3 earnings

The world's top maker of smartphones and memory chips posted a 59% jump in operating profit in the July-September quarter

US pitches cheaper solar tech to India amid high dependence on China

India has an ambitious plan to increase its renewable energy capacity to 175 gigawatts (GW) by 2022, nearly three-fifths of which will be solar power

Oil plunges over 5% as pandemic surges, US crude stockpiles, output soar

Also weighing on the market, US crude stockpiles rose more than expected last week as production surged in a record build

Britain's Heathrow airport loses European crown during Covid-19 pandemic

The airport criticised the UK government for being slow to introduce an airport testing regime to replace 14-day quarantine rules, and said the delays were causing additional harm to the economy

Hong Kong bars Air India flights for 4th time after fliers contract Covid

This is the fourth time that Air India flights from India have been banned by the Hong Kong government for bringing passengers who tested positive for the infection after arrival

S&P 500, Dow sink to September lows on spiraling pandemic, election worry

All three major indexes fell about 3 per cent

LVMH, Tiffany agree to cut price of $16 bn deal, end legal dispute: Report

The new terms would mean a discount of $425 million for LVMH, led by billionaire businessman Bernard Arnault, or less than 3% of the initial deal price