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TOKYO: Toyota Motor Corp posted a 98% plunge in its first-quarter operating profit on Thursday as the Covid-19 coronavirus pandemic halved it global sales.
MANILA: Philippine inflation accelerated for a second straight month in July as the easing of coronavirus lockdowns revived consumer demand, but price pressures remained subdued, giving the central bank room for further monetary policy easing if needed.
BENGALURU: Telehealth market leader Teladoc Health said on Wednesday it would buy Livongo Health Inc in a cash-and-stock deal, valuing the company at $18.5 billion, to cash in on a rise in demand for online consultations amid the Covid-19 coronavirus crisis.
WASHINGTON/LONDON/SYDNEY: Virgin Atlantic Airways Ltd is seeking protection from creditors in the United States under Chapter 15 of the U.S. Bankruptcy Code, which allows a foreign debtor to shield assets in this country, according to a court filing on Tuesday.
NEW YORK: Merger Monday came roaring back this week, with a spate of acquisitions from health care to consumer hitting the tape.
KUALA LUMPUR: Fraser & Neave Holdings Bhd's (FNH) net profit fell by 18.3% to RM93.84mil in the third quarter ended June 30,2020 as revenue was impacted by the Covid-19 pandemic and movement control orders (MCO).
LONDON: European shares fell after opening higher, following a mixed bag of earnings results, while the dollar's rebound stalled as investors waited for progress in talks on government aid in the United States.
BENGALURU: Gold held steady near record highs on Tuesday as worries over global economic fallout from mounting COVID-19 cases offset an uptick in risk sentiment driven by positive U.S. economic data.
INTELLECTUAL property is a convenient fiction.
BEIJING: China’s factory activity expanded at the fastest pace in nearly a decade in July as domestic demand continued to improve after the coronavirus crisis, though export orders and employment remained weak, a private business survey showed.