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Sweden, Denmark dig deeper to save SAS

Sweden, Denmark dig deeper to save SAS

The Swedish and Danish governments have agreed to stump up more cash to bail out ailing airline SAS in a recapitalisation plan that was finalised yesterday, the Scandinavian carrier announced.

UK regulator investigates 14 firms in tax scandal across four countries

UK regulator investigates 14 firms in tax scandal across four countries

The UK financial regulator is investigating 14 firms and six individuals over their roles in the tax scandal known as Cum-Ex, according to a person with direct knowledge of the cases.

Natural gas giant EQT to pursue takeover of CNX Resources

Natural gas giant EQT to pursue takeover of CNX Resources

EQT Corp, the biggest producer of US natural gas, is seeking to acquire rival CNX Resources Corp, according to people familiar with the matter, as M&A accelerates in the distressed shale patch.

Asian markets mostly up, but investors remain cautious

Asian markets mostly up, but investors remain cautious

Stock markets mostly rose yesterday but gains were limited as US lawmakers struggled to hammer out a fresh economic rescue package, while investors were largely unmoved by the last presidential debate before next month’s election.

Indian equities rise as traders assess earnings; rupee falls

Indian equities rise as traders assess earnings; rupee falls

Indian stocks rose, tracking broad gains in Asia, as investors digested the final US presidential debate while also assessing the quality of local earnings.

QSE remains below 10,000 on domestic institutions’ profit booking

QSE remains below 10,000 on domestic institutions’ profit booking

The Qatar Stock Exchange drove along the negative trajectory to remain below 10,000 levels this week; mainly on domestic institutions’ substantially increased net profit booking.

Business council eyes workshops to promote US-Qatar investment climate

Business council eyes workshops to promote US-Qatar investment climate

Plans are in the pipeline for the staging of a series of workshops by the US-Qatar Business Council (USQBC) Doha office aimed at providing information to the Qatari private sector and its stakeholders on the investment climate and business opportunities available in the US market...

Huawei revenue growth wilts under ‘intense pressure’

Huawei revenue growth wilts under ‘intense pressure’

Huawei’s revenue growth slowed significantly in the first nine months of 2020, the Chinese telecom giant said yesterday, citing “intense pressure” on operations during the coronavirus and as the US moves to cut off its access to vital components.

Japan prefers piecemeal approach to big bailout for ailing airline ANA

Japan prefers piecemeal approach to big bailout for ailing airline ANA

Japan’s government is in no mood for a huge bailout plan for ailing airline ANA, sources say, preferring a piecemeal approach to direct capital injections – a stark contrast to the bold moves other countries have made to protect flagship carriers.

HK stock connect opens China ETF market to global investors

HK stock connect opens China ETF market to global investors

China’s fast-growing $157bn market for exchange-traded funds became directly accessible to overseas investors yesterday, at least four years since the plan was first hatched.

China to lay out 5-year blueprint for a self-reliant economy

China to lay out 5-year blueprint for a self-reliant economy

China’s top policymakers meet next week to hammer out the country’s future economic blueprint, offering clues on how the leadership plans to pivot the world’s second-largest economy to be more self-sufficient.

Europe stock markets rebound on positive corporate earnings

Europe stock markets rebound on positive corporate earnings

European stocks rose yesterday, boosted by positive earnings updates from Barclays and a surge in Airbus, but nagging worries about the economic impact of surging Covid-19 cases saw markets post their biggest weekly decline in a month.

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