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Mercedes-Benz cheated to evade emission norm, to pay $2.2 bn in settlements

In court documents, Daimler agreed to pay 250,000 owners up to $3,290 each to get polluting vehicles repaired and agreed not to oppose paying $83.4 million in attorneys fees and expenses

Tencent, others to buy $516 mn worth shares in China Evergrande New Energy

China Evergrande New Energy Vehicle Group Ltd said on Tuesday investors including Tencent Holdings Ltd and Sequoia Capital will buy $516.12 million worth of company shares in a share sale

New Trump-backed chief of Latin American bank vows push for regional unity

The bank has been led by Latin Americans since its inception in 1959, while the World Bank has historically been led by a US citizen

US pulls back from broad import bans for cotton, tomatoes from China

CBP acting Commissioner Mark Morgan said on Monday that the agency's investigations into the region-wide orders were continuing

Asian shares set to dip as investors await key data, central bank meetings

Australia's S&P/ASX 200 futures were down 0.22% and Hong Kong's Hang Seng index futures lost 0.08%

Covid-19: Opec sees weaker outlook as demand falters, shale recovers

Oil prices slipped further below $40 a barrel in London on Monday, close to their lowest in more than two months

SoftBank Group sets price in telco stake sale worth $11.7 billion

SoftBank Group said late last month it would slash its stake in Japan's third-biggest wireless carrier to 40%, part of a wave of asset sales by the group as it builds up cash

Gilead to buy cancer drugmaker Immunomedics Inc for $21 billion

Gilead Sciences Inc will acquire biopharmaceutical company Immunomedics Inc for $21 billion, a move that will strengthen its cancer portfolio by gaining access to a promising drug

AstraZeneca-Oxford's coronavirus vaccine trials resume in Brazil

AstraZeneca paused global trials temporarily last week after an unexplained illness in a participant in Britain.

China laying cables to bolster communications at border flashpoint: India

Such cables, which would provide forward troops with secure lines of communication to bases in the rear, have recently been spotted to the south of Pangong Tso lake

Oracle confirms it is part of proposal by TikTok-parent ByteDance

Oracle Corp confirmed on Monday that it was part of a proposal made by TikTok-parent ByteDance to the US government to become a technology partner for the Chinese firm

Rocky road back to pre-Covid demand levels for gasoline, diesel: Executives

Global gasoline and diesel demand is expected to return to pre-pandemic levels by 2021-end, although a resurgence in Covid-19 cases would keep consumption fluctuating, several industry executives said

S&P Global Ratings expects Indian economy to contract 9% in fiscal 2021

S&P Global Ratings said that it was expecting India's economy to shrink by 9% in the fiscal year ending March 31, 2021, larger than its previous estimate of a 5% contraction

Gulf nation's fiscal diet risks deeper pain amid oil price uncertainty

Brent prices have rebounded since plunging to a more than 20-year low in April, but at just over $40 per barrel, they are significantly below what most Gulf states would need to balance their budgets

Molecular Partners completes manufacturing runs in bid for Covid-19 drug

Molecular Partners said that it had completed initial manufacturing runs for its candidate MP0420 that it aims to test in humans starting in November

Australian heavyweight Macquarie sees H1 profit slump in virus upheaval

The conglomerate said net profit for the current September half year would be hit as delayed deals and subdued market trading curtailed income

Carlyle may take $2 billion stake in retail arm of Reliance: Report

Carlyle Group is looking to invest up to $2 billion in Reliance Industries' retail business

Gold prices flat as vaccine hopes lift equities; focus shifts to Fed meet

Gold prices were flat as investors maintained a cautious approach ahead of Fed's policy decision this week and as optimism around a potential Covid-19 vaccine lifted appetite for riskier assets

Global Markets: Asian shares buoyed by coronavirus vaccine hopes

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.7%, poised for its second straight session of gains

Japan suspends German pork imports after African swine fever case

Japan suspended imports of pork and live pigs from Germany on Friday after a case of African swine fever (ASF) was confirmed in a wild boar in eastern Germany, the agriculture ministry said