Business

Asian equities slipped on Wednesday as halted COVID19 vaccine trials and an impasse in U.S. fiscal aid package talks soured risk appetite, while the greenback held on to gains as demand firmed for safeharbour assets.

The Monetary Authority of Singapore (MAS) left its monetary policy unchanged on Wednesday and said its accommodative stance will remain appropriate for some time as the citystate's economy emerges from its coronavirus slump.

The U.S. dollar rose from a threeweek low on Tuesday while shares in Europe and the United States eased, as news of a pause in Johnson & Johnson's COVID19 vaccine trial led investors to take stock of recent rallies before chasing further gains.

Wall Street ended sharply higher on Monday, fueled by expectations of a coronavirus relief package and by a rally in Amazon, Apple and other technology stocks ahead quarterly earnings season.

Mallinckrodt filed for bankruptcy protection on Monday, saddled with lawsuits alleging it helped fuel the U.S. opioid epidemic.

The U.S. government has awarded $486 million to AstraZeneca Plc to develop and secure supplies of up to 100,000 doses of COVID19 antibody treatment, a similar class of drug that was used in treating President Donald Trump.

International stocks rose on Friday, with all three major Wall Street indexes posting weekly gains as investors grew more hopeful the U.S. government would provide additional economic stimulus.

Boeing Co is in discussions to sell 737 MAX jets to Alaska Airlines once the plane returns to service following a lengthy grounding, three people familiar with the matter said.

These firms include auto component makers Lumax Industries and Sandhar Technologies, edtech firms Upgrad and Toppr, construction equipment giant TIL, interior design and home decor company Livspace, engineering major Forbes Marshall and Deki Electronics.

British tobacco company Imperial Brands on Thursday forecast fullyear net revenue to be broadly flat and in line with market estimates, as it works through the impact of the coronavirus pandemic.

Red River Biorefinery in Grand Forks, North Dakota, came online in April, arguably the worst time for an ethanol facility to begin operating as the coronavirus pandemic sank fuel demand.

Indonesia's state miner Mining Industry Indonesia (MIND ID), formerly known as PT Inalum, completed its purchase of a 20% stake in nickel miner PT Vale Indonesia, the country's state owned enterprises ministry said on Thursday.

Australian casino billionaire James Packer on Thursday said international tour operators helped Chinese gamblers circumvent Chinese capital controls, and that his company gave incorrect public statements distancing itself from the socalled junkets.

U.S. stocks closed sharply higher on Wednesday as investors regained hope that at least a partial deal on more U.S. fiscal stimulus may happen.

Stocks closed higher Wednesday after President Donald Trump appeared to backtrack on his decision to halt talks on another rescue effort for the economy.

The donation was made by Anant Ambani, son of Reliance Group chairman Mukesh Ambani on the request of the board's Additional CEO B D Singh, the media cell of the board said on Wednesday.