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Citigroup fends off ultra-low interest rates, beats profit estimates in Q3

Adding to the bullish message from bumper results from peer JPMorgan, the bank reported respectively 18 per cent and 15 per cent jumps in revenue from bond and stock market trading

S&P 500, Dow slip on J&J vaccine worries; Apple, Amazon prop up Nasdaq

The Dow Jones Industrial Average fell 72.57 points, or 0.25 per cent, at the open

Japan's Suga to order new economic stimulus as early as Nov, Nikkei says

The move would signal the government's readiness to deploy more support to cushion Japan's economy from the significant disruption to consumers and businesses by the Covid-19 pandemic

Takeda group begins manufacturing Covid plasma treatment ahead of approval

The group, known as the CoVIg Plasma Alliance, enrolled its first patient in the Phase III trial on Friday after months of delays

World Bank says G20 may agree to only six-month debt relief extension

World Bank President David Malpass said the two institutions would propose a joint action plan to reduce the debt stock for poor countries with unsustainable debts

$5 trillion investor group to lower portfolio carbon targets by 29%

All members of the Net-Zero Asset Owner Alliance are aiming to align their portfolios with the 2015 Paris Agreement on climate change

As World Bank faces scrutiny, UN chief warns lenders over fossil fuels

Guterres urged a coalition of finance ministers and economic policymakers from dozens of countries to ensure development banks end fossil fuel investments and boost renewable energy

Climate change poses 'profound threat' to global growth: IMF chief

Climate change poses a serious threat to global growth, the head of the International Monetary Fund said, urging the world's top emitters to agree on a floor for carbon prices

Thailand approves tax breaks to spur consumption, revive economy

The government will offer a tax deduction of up to 30,000 baht ($966) on purchases of goods and services from October to December

Coronavirus risks shadow Barrett's Supreme Court confirmation hearings

Republican President Donald Trump formally nominated Barrett at a packed Sept. 26 White House ceremony

A collapse of global tax talks could cost $100 billion, says OECD

Public pressure is growing on big, profitable multinationals to pay their share under international tax rules after the Covid-19 pandemic strained national budgets

'Quad' nations ready to work with others for free, open Indo-Pacific: US

Washington has been pushing for closer collaboration among the members of the so-called Quad grouping as a bulwark against China's growing regional influence

Tech stocks extend Wall Street rally as investors bet on stimulus

Apple Inc was a major support for the three main stock indexes with a 3.6 per cent gain ahead of a special event on Tuesday

Daewoong Pharma gets approval for Phase 1 trials of coronavirus drug

The company confirmed the safety of the drug in its latest study in partnership with New Delhi-based Mankind Pharma Ltd, Daewoong said in a statement

New Zealand signs deal with Pfizer, BioNTech for coronavirus vaccine

New Zealand government signed a deal to buy 1.5 million Covid-19 vaccines from Pfizer Inc and Germany's BioNTech , with delivery potentially as early as the first quarter of 2021

Oil prices extend losses as US producers restore output post-hurricane

Brent crude for December fell 32 cents, or 0.8%, to $42.53 a barrel by 0347 GMT and US West Texas Intermediate for November was at $40.30 a barrel, down 30 cents, or 0.7%

Tesla battery supplier LG Chem forecasts record third-quarter profit

LG Chem estimated that its operating profit jumped 159% to 902 billion won in the quarter ended September

White House seeks limited relief bill, promises talks on broader stimulus

Federal Reserve officials have urged Congress to be aggressive in supporting the US economy

Nagorno-Karabakh truce under severe strain as both sides allege violations

Both sides accused one another of breaking the ceasefire almost immediately on Saturday

TikTok's budding rival Triller explores deal to go public: Report

The deal would come as Triller seeks to capitalise on TikTok's woes