Markets

BEIJING: US and Chinese negotiators meet in Shanghai on Tuesday (Jul 30) to resurrect trade talks between the world's two biggest economies, with both sides downplaying expectations there will be an imminent deal. The negotiations in China's financial hub will be the first face-to-face discussions ...

Beyond Meat Inc beat second-quarter revenue estimates and raised its full-year forecast on Monday, as the company's plant-based burgers and sausages saw booming demand with consumers looking to try meat alternatives.

NEW YORK: The Dow gained, but the S&P 500 and Nasdaq pulled back from records on Monday (Jul 29) ahead of a much-anticipated Federal Reserve meeting, a highlight in a news-jammed week that also includes trade talks. The Dow Jones Industrial Average edged up 28.90 points (0.11 per cent) to...

Citigroup is combining its stock trading business with its prime brokerage unit, which caters to hedge funds, private equity firms and other investors.

State Bank of India (SBI) has tightened lending terms dramatically for auto dealerships, according to a source and an internal memo seen by Reuters, seeking to reduce its exposure to risk from a sector in the midst of a sharp downturn.

Amsterdam-based Takeaway.com has agreed to buy Just Eat in an 8.2 billion pound (US$10.1 billion) deal to create the world's largest online food delivery firm outside China in a race to rule the US$100 billion market.

MOSCOW: Russia's Deputy Prime Minister Maxim Akimov on Monday called a draft law on limiting foreign ownership in major Russian information technology companies to 20per cent "destructive". "The competitiveness of the Russian economy is largely determined by the competitiveness of our companies," ...

LONDON: The pound fell to levels not seen in over two years on Monday (Jul 29) as a no-deal Brexit seemed ever more likely, while London stocks surged thanks to bubbling takeover activity. "The British pound started weakening sharply today, with the market awaking to the reality of a new...

Mylan NV said on Monday it would combine with Pfizer Inc's off-patent branded and generic established medicines business to form a global generic drugmaker.

LONDON: Britain's Just Eat and Takeaway.com of the Netherlands on Monday (Jul 29) unveiled a plan to join forces to create a heavyweight in the rapidly-growing food delivery sector with around US$8 billion in annual sales. The combination of the two firms would create a delivery platform worth ...