Page 1316 - Reuters/workspace/business Standard Web/video

Singapore Airlines reports $817 mn loss in first quarter due to Covid-19

Singapore Airlines reported a $816.73 million first-quarter net loss after drastically cutting capacity due to the decline in demand and travel restrictions associated with the coronavirus pandemic

Sanofi, GSK to supply up to 60 million doses of Covid-19 vaccine to UK

Sanofi and GSK said they had reached an agreement with Britain to supply it with up to 60 million doses of a potential Covid-19 vaccine, and that discussions with other governments were ongoing

Southeast Asian IPOs show tentative revival as issuers brave markets

In Malaysia, home improvement retailer Mr DIY has re-started the process for its up to $500 million initial public offering

Tesla CEO Elon Musk says open to supplying batteries to other automakers

Tesla Inc Chief Executive Officer Elon Musk said on Tuesday that the company is open to licensing software and supplying powertrains and batteries

Weaker fintechs face crisis to mature as Covid-19 casts shadow over funding

Signs of stress among even relatively well established fintechs are starting to emerge, say analysts

India's business outlook worsening, RBI may cut rates again: Reuters poll

Economy likely to contract this quarter and next and in this fiscal year as a whole, according to poll of 60 economists.

Singapore's jobless rate jumps in Q2, nearing financial crisis peak

The overall unemployment rate climbed from 2.4% in the first quarter, moving within sight of a 3.4% peak hit during the global financial crisis of 2009

Oil rises after surprise drop in US inventories offsets demand concerns

Inventories of crude oil in the US dropped by 6.8 million barrels last week to 531 million barrels, data showed

Mitsubishi to discontinue Pajero from next year; stock falls over 10%

Japan's No. 6 automaker anticipates an operating loss of $1.33 bn

3M profit misses Street estimates as coronavirus crisis hammers sales

3M is the world's biggest producer of N95 respirator masks and has seen sales surge as governments fought over supplies of protective equipment for healthcare and other essential workers

US consumer confidence ebbs in July as Covid-19 infections flare-up

The Conference Board said on Tuesday its consumer confidence index dropped to a reading of 92.6 this month from 98.3 in June.

First Abu Dhabi Bank profit drops 25% on higher impairments charges

Banks in the region have been hit by the twin shock of the coronavirus pandemic and lower oil price

AstraZeneca's drug gets US FDA nod to treat lung disease patients

The drug Breztri Aerosphere is being approved as a maintenance treatment for patients with chronic obstructive pulmonary disease (COPD), the third leading cause of death globally

McDonald's global sales plunge as Covid-19 lockdowns limit operations

Shares of the Chicago-based burger chain sank more than 2.5 per cent

Pfizer optimistic about rebound in drug sales, raises 2020 profit forecast

The report comes at the start of a busy week of US pharmaceutical earnings, with investors focusing on updates on the development of vaccines and treatments for the pandemic

US Fed dials back recovery hopes, extends lending offers through year-end

The extensions apply to those facilities that were due to expire on or around September 30, the Fed said in a statement

Wall Street opens lower as tough stimulus talks, mixed earnings weigh

The Dow Jones Industrial Average fell 55.32 points, or 0.21 per cent, at the open to 26,529.45

Ex-Malaysian PM Najib sentenced to 12 yrs in jail, fined for abuse of power

The court also sentenced him to 10 years in jail on each of three charges of criminal breach of trust and three charges of money laundering

Canon Inc reports first-ever quarterly net loss, cuts dividend payouts

For the full year, the company expects net profit of 43 billion yen, down 66% from the previous year

Reliance to pay up to Rs 27,000 cr for Future Group retail chains: Report

Reliance's existing retail operation already runs close to 12,000 stores, including a cash-and-carry wholesale business, in over 6,700 Indian towns and cities