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Hong Kong's goods for export to the US to be labelled 'Made in China'

The latest step will see Hong Kong companies subject to the same trade war tariffs levied on mainland Chinese exporters, should they make products subject to these duties

China's new bank loans fall further, but broad credit growth quickens

Analysts polled by Reuters had predicted new yuan loans would fall to 1.20 trillion yuan in July. The new loans were lower than 1.06 trillion yuan a year earlier

Australian BP worker fired for Hitler memes wins $143,000 compensation

An employee of BP Plc's Australian refinery who was fired last year for mocking management online using a well-known meme of Adolf Hitler has been awarded more than $143,100 in compensation

Sinovac launches Phase 3 trials for Covid-19 vaccine in Indonesia

Separately, Sinovac released details from mid-stage, or Phase 2, study in which it said the vaccine candidate appeared to be safe

Oil firms on US stimulus hopes, Asian demand recovery as economies reopen

Brent crude added 7 cents, or 0.2%, to $45.06 a barrel, as of 0027 GMT. West Texas Intermediate U.S. crude rose 14 cents, or 0.3%, to $42.08 a barrel

Gold slips as dollar bounces on Beijing's sanctions, focus on US-China row

Spot gold was down 0.5% to $2,017.98 per ounce by 0234 GMT, moving further away from a record high of $2,072.50 hit last week

India inflation likely edged up in July on higher food prices: Poll

The August 6-10 Reuters poll of over 45 economists showed Indian retail inflation rose to 6.15 per cent last month from 6.09 per cent in June

Four-fifths of CEOs expect Covid pandemic to entrench remote working: PwC

New York, London and some other major cities currently have only a fraction of their normal workforce in offices as employers and governments have told staff to work from home

Gilead seeks US FDA approval for experimental coronavirus drug remdesivir

The antiviral drug has been at the forefront of the battle against the pandemic after the FDA granted it emergency use authorization (EUA) in May

Vast global gap between funds needed to fight Covid-19, says WHO chief

Infections have been reported in more than 210 countries and territories since the first cases were identified in China in December 2019

Kodak shares plunge 40% after US govt blocks $765-million loan deal

The US International Development Finance Corp (DFC) was slated to grant the loan to Eastman Kodak, which is looking to move deeper into the pharmaceutical arena

Saudi Aramco to go ahead with plans to boost oil output capacity, says CEO

The oil company will boost outpur capacity by 1 million barrels per day (bpd) to 13 million bpd despite spending cuts this year and next year

McDonald's sues ex-CEO Easterbrook over alleged relationships with staffers

McDonald's added that Easterbrook approved an 'extraordinary' stock grant, worth hundreds of thousands of dollars, for one of those employees in the midst of their sexual relationship

Video app TikTok cannot continue in present form, says US Treasury chief

US Treasury Secretary Steven Mnuchin said the Treasury has the tools it needs to remedy the situation

Microsoft faces complex technical challenges in TikTok's takeover

Microsoft is negotiating a transition period that will give it time to ringfence TikTok technologically from ByteDance after they agree to a deal, Reuters reported on Aug 2

Unilever to scrap headquarter move if Dutch 'exit tax' law enacted

Anglo-Dutch consumer goods company Unilever said in a filing on Monday that a plan to unify its headquarters in London and scrap its Dutch base might not go ahead

Covid-19 impact: IndiGo to raise up to $534 million through share sale

The company had also announced separate plans to raise at least $268 million through the sale and leaseback of planes and other assets

German Covid-19 vaccine developer CureVac to raise up to $213 mn in US IPO

German biotech CureVac B.V., which is in early stages of testing its coronavirus vaccine, said on Monday it expects to raise up to $213 million in its U.S. initial public offering (IPO).

Govt to promote manufacturing of certain products to push exports: Gadkari

The government aims to attract foreign investments in pre-identified areas, promote joint ventures and support local businesses to expand India's share of global markets

Roper Technologies in $5.5 billion bid for Vertafore Inc: Report

The deal would be Roper's largest acquisition to date