Business

Japan's Panasonic Corp has appointed its head of automotive business Yuki Kusumi as the company's next chief executive officer, replacing Kazuhiro Tsuga, who was the architect of a partnership with Tesla Inc.

Private equity firm Hillhouse Capital Group is in talks to take property developer SOHO China Ltd private, said four people with knowledge of the matter, in a deal that could be worth more than $2 billion and accentuate a trend in Hong Kong.

A U.S. auto safety regulator said on Thursday it identified the 18th U.S. death tied to a Takata air bag inflator rupture after the review of a recent BMW crash.

Stocks that moved heavily or traded substantially Thursday:

KPN NV, the largest Dutch telecommunications company, declined to comment on a Bloomberg report on Thursday that said it has been approached by private equity firm EQT about a possible $13 billion takeover.

U.S. stocks advanced and crude prices extended their rally on Wednesday, on hopes of potential COVID19 vaccines and economic revival, though spiking coronavirus infections raised the specter of new lockdowns and dampened investor optimism.

Switzerland increased funds it has set aide to buy vaccines against COVID19 to 400 million Swiss francs ($436 million), from 300 million francs previously, saying on Wednesday the additional infusion is necessary to ensure it can get supplies it needs.

Moderna Inc said on Wednesday it was on track to report early data from a latestage trial of its experimental coronavirus vaccine later this month, and could file for U.S. emergency use authorization in December.

Shortages of flu shots this year are not related to drugmakers ramping up production of potential COVID19 vaccines, the head of vaccines at GlaxoSmithKline (GSK) said on Wednesday.

An EUUK trade pact is unlikely to come together this week and negotiations might go into the next, an Irish minister said on Wednesday, confirming a Reuters report that the two were now set to miss their midNovember deadline for a new Brexit deal.

Louis Dreyfus Company (LDC) has agreed to sell a large stake to Abu Dhabibased holding company ADQ, marking the first external investment into the familyrun commodity group, founded by Leopold LouisDreyfus in 1851.

Lyft Inc said on Tuesday it was working on a new service to take a slice of the burgeoning fooddelivery market as it works to make up for a 48% drop in quarterly revenue and a slow recovery of ridehail demand.

China's Tencent Music Entertainment Group on Tuesday reported betterthanexpected quarterly revenue as it added more paying users to its music streaming service, at a time when many people are homebound due to the COVID19 pandemic.

Odisha's revenue collection by October this fiscal has grown by 2.27 per cent over the corresponding period in the last financial year, as the state overcame the adverse impact of COVID-19 pandemic and subsequent slowdown across the country, an official...

The S&P 500 and the Nasdaq lost ground on Tuesday and crude oil prices extended the previous session's surge as encouraging prospects of an effective COVID19 vaccine led investors away from market leaders and toward cyclical stocks associated with economi...

Oil prices fell on Tuesday as worries over near term fuel demand in coronavirushit Europe and the United States haunted the market after an overnight surge driven by encouraging news on a COVID19 vaccine.