Business

Japan's Sony Corp on Tuesday reported a 1.1% drop in firstquarter operating profit, bracing for the lowest annual profit in four years as the coronavirus outbreak continues to dampen various business segments.

Argentina and its creditors are nearing a breakthrough $65 billion debt restructuring deal, a lawmaker and two sources told Reuters on Monday, the eve of a deadline for a deal that would help avert a damaging legal standoff.

U.S. Senate Democratic leader Chuck Schumer on Monday joined other senators in backing an American company to purchase Chineseowned video app TikTok's U.S. operations, while a senior White House adviser raised concerns about a sale to Microsoft Corp .

U.S. Senate Democratic leader Chuck Schumer on Monday joined other senators in backing an American company to purchase Chineseowned video app TikTok's U.S. operations, while a senior White House adviser raised concerns about a sale to Microsoft Corp .

The dollar rallied and equity markets rose on Monday as investors welcomed upbeat manufacturing data from around the world and as Microsoft's pursuit of TikTok's U.S. operations bolstered the redhot technology sector.

The European Union is willing to compromise to rescue troubled Brexit talks by softening its demand that Britain heed EU rules on state aid in the future, diplomatic sources told Reuters.

The survival of J.C. Penney Co Inc hangs on whether the department store chain can reach a complex deal within days to sell itself to an alliance of retail mavens and distresseddebt investors. 

Chipotle Mexican Grill Inc wants to hire another 10,000 employees in coming months as its sales rebound, an official said, one of several big restaurant chains looking to add staff in an economy otherwise dimmed by the coronavirus pandemic.

Brazil's government has chosen Andre Brandao, head of global banking and markets for the Americas at HSBC in the country, as the new chief executive of statecontrolled lender Banco do Brasil SA, local media reports said on Saturday.

The finance minister was responding to a question on apprehensions raised by certain states about the reported AG opinion on GST compensation.

As part of the 'Aatmanirbhar Bharat Abhiyan' package, the finance minister in May had announced that there will be a maximum of four public sector companies in strategic sectors, and state-owned firms in other segments will eventually be privatised.

Foreign investors made record net purchases of Chinese bonds traded through the country's Bond Connect programme in July, boosted by record yield premiums over U.S. debt.

President Donald Trump said on Friday he would sign an executive order as soon as Saturday to ban TikTok in the United States, ratcheting up the pressure on the popular shortvideo app's Chinese owner to sell it.

Merck & Co on Friday said it plans to advance an antiviral treatment for COVID19 into large studies in the coming weeks, and it forecast a more limited hit to fullyear sales and profit from coronavirus lockdowns than it previously expected.

Gold rose on Friday, trading near its all time peak, as a sliding dollar and dire economic numbers from far and wide sparked a rush to safety in bullion, which is on course for its biggest monthly gain in over four years.

Exxon Mobil Corp reported a $1.1 billion loss for the second quarter on Friday, the first backtoback quarterly loss for the U.S. oil giant in at least 36 years.