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THE dollar advanced 1.54% to 93.35, near a two-month high as the risk sentiment dents ahead of the November US elections as well as a continued increase in Covid-19 infections.
NEW DELHI: Bickering among Indian government ministries and a deferred top court decision on the sale of bankrupt telecom companies’ rights to use mobile phone spectrum has derailed the resolution of the industry’s biggest bankruptcies, leaving banks waiting for $5.7 billion in payments.
SAN FRANCISCO: A group of Apple Inc's critics - including Spotify Technology SA, Match Group Inc and "Fortnite" creator Epic Games - have joined a nonprofit group that plans to advocate for legal and regulatory action to challenge the iPhone maker's App Store practices
RIO DE JANEIRO/LONDON: Debut trading in Hygo Energy Transition Ltd was suspended on Thursday hours after the liquefied natural gas transport and infrastructure operator's chief executive was named in a corruption investigation in Brazil.
NEW YORK: JP Morgan Chase & Co is poised to pay close to US$1bil to resolve market manipulation investigations by US authorities into its trading of metals futures and Treasury securities, according to three people with knowledge of the matter.
NEW YORK: Shares fell on Wednesday and the US dollar hit its strongest level in two months as data cast a pall on the economic outlook, reaffirming concerns that new restrictions to counter coronavirus infections will hurt the recovery.
JAKARTA: The head of Indonesia’s flag carrier said better terms on aircraft loans will help it avoid falling into bankruptcy as the nation grapples with surging coronavirus cases.
DUBAI: Creditors have started to enforce claims against Abu Dhabi-based Al Jaber Group, in a dispute triggered by a construction downturn in the United Arab Emirates more than a decade ago.