Business

Swiss drugmaker Novartis said on Saturday that its investigational spartalizumab immunooncology drug mixed with the approved medicines Tafinlar and Mekinist failed in a latestage trial for a type of advanced skin cancer.

Turkey announced its biggest natural gas discovery on Friday, a 320 billion cubic metre (11.3 trillion cubic feet) Black Sea field which President Tayyip Erdogan said was part of even bigger reserves and could come onstream as soon as 2023.

The Nasdaq hit a record high on Friday, while the S&P 500 and Dow also gained, as data pointed to some pockets of strength in the U.S. economy.

Bhatia has been appointed as the MD up to the date of his superannuation that is May 31, 2022.

Dave Clark, Amazon's senior vice president of worldwide operations, will replace Wilke as chief executive officer of the consumer business, the company said in a filing.

Plum season is upon us, and in the orchards of northern Bosnia fruit growers are busy with the harvest, most of which will be processed at local factories and shipped to buyers in the European Union and Russia.

Prime Minister Narendra Modi has set a target of raising the share of natural gas in the energy basket to 15 per cent by 2030 to cut carbon emission in the economy.

It also downgraded rating of Rs 500 crore worth additional tier 1 (AT1) bonds to AA from AA+ and revised the outlook to negative, according to a regulatory filing by the bank.

After a three-day brainstorming earlier this month, all the six members of the Das-headed Monetary Policy Committee (MPC) had opted for a status quo and left interest rates unchanged.

The number of Americans filing a new claim for unemployment benefits rose unexpectedly back above the 1 million mark last week, a setback for a struggling U.S. job market crippled by the coronavirus pandemic.

The government currently holds 87.40 per cent stake in Indian Railway Catering and Tourism Corp (IRCTC) and intends to disinvest a part of the paid up equity capital.

Youth unemployment in Sweden hit its highest level this century in July due to the widespread economic disruption caused by the coronavirus pandemic and measures to halt its spread, figures from the Statistics Office showed on Thursday.

Premier Oil on Thursday agreed to terms for a longterm refinancing of its debt facilities, including $300 million of new equity and an extension to its credit maturities, after swinging to a loss in the first half due to weak crude prices.

Gold rose on Thursday, regaining some lost ground from last session's selloff, after the U.S. Federal Reserve raised concerns that a recovery from the coronavirusinduced economic slump faced a highly uncertain path, weighing on risk sentiment.

A group led by North Asiafocused private equity firm MBK Partners is in talks to take Car Inc private, according to four people with knowledge of plans to buy the no. 1. China auto rental firm, worth $700 million by market value.

Asian equities were set to follow Wall Street's late session retreat on Thursday after the Federal Reserve warned the U.S. economy faced a highly uncertain path to recovery from the coronavirusinduced downturn.