Strong demand is prompting China’s Ant Group to prematurely close institutional order books for the Hong Kong part of its record breaking dual IPO, said reports quoting sources with knowledge of the matter.    The company has decided to close the institutional book of the $17.2 billion...

Resilient performance from its Asian operations and with less money set aside to address issues of bad loans helped lender HSBC to report better-than-expected profit in the third quarter.   Previously, the biggest bank of Europe in terms of assets had said that it could set aside as much as...

The United States based energy firm Chevron Corp is now focusing on its natural gas future tied to the Middle East which is a volatile and divided region which has posed any challenges to energy companies. Previously the company was focused on shale production in the US.    An...

Agreement to acquire the United States based biotech firm Asklepios BioPharmaceutical Inc for a deal which could be worth as much as $4 billion was reached by Bayer with the former company hoping to take advantage of the former’s expertise on gene therapy with the help of modified viruses.  ...

In order to offset a drop in sales to gyms and studios because of the restrictions imposed due to the novel coronavirus pandemic, Italian fitness equipment maker Technogym is creating infrastructure to be able to supply more of its exercise machines and virtual trainers to homes of customers....

The British drug maker AstraZeneca Plc said that it has the leeway to be able to add up to 20 per cent of manufacturing costs for its vaccine against the novel coronavirus under its deal with the Oxford University. The company said that this addition of costs will help it to provide some cover for...

The largest soda maker of the world Coca Cola comfortably beat market estimates for both 5revenues generated and profits made on the revenues for the recently completed quarter. Announcing the results the company said at its performance during the quarter was driven by strong "at-home" sales as the...

Services that will allow its users to make in-app purchases and hosting would now be offered by WhatsApp, said the app owner Facebook Inc.   Analysts view this latest move by the company as a part of its efforts to boost revenue from the app while also stitching together an infrastructure...

Following years of stunted progress, retailing giant Walmart Inc is now aggressively expanding its advertising business even while its proposal for a deal to purchase a stake in the popular Chinese video sharing app TikTok still remains uncertain.   Better utilization of its treasure trove...

A surge in demand and sale for its cleaning products because of the novel coronavirus pandemic prompted consumer goods giant Procter & Gamble Co to raise its annual sales forecast on Tuesday.   The company said that during the pandemic the sale of its cleaning products increased by as...

The advanced cryptographic technology for data protection tat Toshiba has developed and offered to customers will generate about $3 billion in revenues by 20203, said the Japanese tech company Toshiba Corp on Monday.   This comment was made by the Japanese sprawling conglomerate amid its...