International Companies
ByteDance in talks to list some of its businesses
China's ByteDance is in early talks to take some of its businesses public including popular video app Doyin and its news aggregation service Toutiao.
Huawei revenue growth slows as Q3 results reveal 'significant challenges'
Huawei announced in its earnings results on Friday that its revenue growth had slowed significantly in 2020 due to the “significant challenges” faced by the Chinese tech giant.
Airlines to offer refunds after watchdog inquiry
Italy's antitrust regulator said on Friday that Ryanair, easyJet, Vueling and Blue Panorama will now offer refunds to passengers affected by the cancellations caused by the pandemic.
AstraZeneca Covid-19 vaccine clinical trial readout may arrive in mid-November, Jefferies says
Analysts at Jefferies estimated that an initial read-out on AstraZeneca and Oxford University's ongoing late-stage trial of its Covid-19 vaccine might ready towards the middle of November.
FDA grants full approval to Gilead Sciences's Veklury for Covid-19
Gilead Sciences's antiviral Veklury, better known as Remdesivir, was given the stamp of the approval by the country's health watchdog overnight for use as a treatment against Covid-19.
Facebook launches dating service in Europe after nine-month delay
Facebook finally launched its dating service in Europe following a delay of over nine months over privacy concerns.
Iberdrola to acquire US-based PNM Resources in all-cash $4.3bn deal
Iberdrola's US unit Avangrid will acquire competitor PNM Resources to grow its footprint in the world's largest economy, possibly ahead of a structural shift by Washington towards green energy.
Didi considering $60bn 2021 Hong Kong IPO
Chinese ride-hailing firm Didi Chuxing is considering the Hong Kong stock exchange for its initial public offering next year after discarding the option of a New York listing due to rising tensions between Beijing and Washington.
DoJ to sue Google for abuse of dominant position in search services
America's Department of Justice is set to file an antitrust lawsuit against technology giant Google, alleging that it has been abusing its dominance in online search to stifle competition, resulting in harm to consumers.
Moderna's Covid-19 vaccine may be ready for use by December
Moderna's Covid-19 vaccine candidate could be ready for use in December, the company's boss said.
ConocoPhillips to buy Concho Resources in $9.7bn all-share deal
ConocoPhillips has agreed to buy exploration and production company Concho Resources in all-share deal valued at $9. 7bn.
Alibaba takes control of Sun Art in $3.6bn deal
E-commerce giant Alibaba Group has taken a majority stake in Chinese hypermarket chain Sun Art Retail Group in a $3. 6bn deal.
Pfizer and BioNTech Covid-19 vaccine may be ready by late November
Pfizer and BioNTech's Covid-19 vaccine candidate could be ready for use by the end of November, the boss of the former company, Albert Bourla, said.
US retail sales bound past forecasts in September
Americans continued to splash out at pace last month, despite the slowdown in hiring and a rebound in Covid-19 infections in many states.
European regulator says Boeing 737 Max ready to fly again
Europe’s aviation regulator said on Friday that the Boeing 737 Max is safe enough to return to the skies before the end of the year following two deadly crashes.
LVMH's fashion and leather goods unit records double-digit sales growth in Q3
Luxury retailer LVMH posted double-digit sales growth in the third quarter for its largest business on Friday, with solid demand for Louis Vuitton and Dior products helping offset steep declines seen elsewhere as a result of Covid-19.
Tiffany & Co earnings grow despite decline in worldwide sales
Jeweller Tiffany & Co said on Thursday that earnings were on the up despite seeing worldwide net sales for the two months ended 30 September had declined year-on-year.
Analysts hail pricing for Apple's new 5G iPhone 12
Apple surprised analysts on Tuesday evening with the roll-out of its new iPhone 12, especially as regards pricing, which analysts said could entice more consumers to upgrade their terminals.
Wells Fargo Q3 earnings fall short of estimates
Wells Fargo posted some disappointing third-quarter earnings on Wednesday as low rates hurt the bank's net interest income throughout the period.
Eli Lilly Covid-19 antibody treatment trial paused due to 'potential safety concern'
A clinical trial for Eli Lilly's antibody treatment for Covid-19 was paused overnight due to a "potential safety concern".