Business & Finance News
Samsung Group heir Jay Y. Lee on Monday arrived at a South Korean court which will rule whether he will be sent back to jail after more than two years of freedom, as new allegations dog the executive and cast a pall over the country’s top conglomerate.
Japan should focus on back-stopping struggling businesses rather than trying to spark overall demand in fighting the coronavirus pandemic, its economy minister said, suggesting the central bank should avoid pushing interest rates deeper into negative territory.
Samsung Group heir Jay Y. Lee appeared in court on Monday for a hearing to determine whether he should be jailed over allegations of accounting fraud, in his latest brush with the law at South Korea’s top conglomerate.
U.S. stock futures and Asian shares advanced on Monday after a surprise recovery in U.S. employment gave further confidence of a quick economic recovery after many weeks of lockdowns aimed at controlling the coronavirus pandemic.
A South Korean court will rule as soon as Monday whether to send Samsung Group heir Jay Y. Lee back to jail after more than two years of freedom, as new allegations dog the executive and cast a pall over the country’s top conglomerate.
Britain’s AstraZeneca has approached U.S. rival Gilead Sciences about a possible merger to form one the world’s largest drug companies, Bloomberg News reported on Sunday, citing people familiar with the matter.
Lufthansa will bring home any Germans it flies abroad on vacation, Chief Executive Carsten Spohr said in a newspaper interview, seeking to assuage holidaymakers’ concerns that new coronavirus outbreaks could leave them stranded.
Three airlines have written to the British government in protest at its “wholly unjustified and disproportionate” quarantine rules for most international arrivals from Monday, a copy of the letter seen by Reuters showed.
Gulf carriers Emirates and Etihad Airways are extending the period of reduced pay for their staff until September as they try to preserve cash during the global coronavirus pandemic.
AstraZeneca Plc has approached rival drugmaker Gilead Sciences Inc about a potential merger, Bloomberg News reported on Sunday, citing people familiar with the matter.
Russia’s largest oil producer Rosneft said on Sunday it planned to maintain a dividend policy of paying out half of its net profit despite the state lowering its stake in the company to below 50%.
AstraZeneca Plc has approached rival drugmaker Gilead Sciences Inc about a potential merger, Bloomberg News reported https://bloom.bg/3h2GU9e on Sunday, citing people familiar with the matter.
HSBC Holdings Plc Chairman Mark Tucker has warned Britain against a ban on networking equipment made by Huawei Technologies Co Ltd, claiming the bank could face reprisals in China, the Telegraph reported on Saturday.
Volkswagen is considering more cost cuts to help cope with the economic impact of the coronavirus pandemic, a spokesman for the German automaker said on Saturday.
Malaysia’s new government would not be willing to accept even compensation of $3 billion from Goldman Sachs in a settlement over the 1MDB scandal, the finance minister told Reuters, ruling out a figure that is far higher than the bank offered last year.
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