Category: Business

Joe Biden’s projected win of the U.S. presidency and the Republican Party potentially retaining control of the U.S. Senate could drive a pickup in mergers and acquisitions (M&A) that took a hit amid the COVID-19 pandemic, dealmakers said. Bankers and lawyers who advise companies on M&A said the outcome, if confirmed, was the best possible […]

Key members of OPEC are wary that strains in the OPEC+ alliance could reemerge with Joe Biden as U.S. President, sources close to the organisation said, and would miss President Donald Trump who went from criticising the group to helping bring about a record oil output cut. Biden could modify U.S. diplomatic relations with three […]

Investors and financial executives took a big sigh of relief on Saturday after major networks declared Democrat Joe Biden winner of the U.S. presidential election, offering some certainty after days of conflicting reports about who might run the White House next term. Although current President Donald Trump said he would fight the results in court, […]

U.S. passenger railroad Amtrak and American automakers on Saturday pledged to work with the incoming administration of Democrat Joe Biden, who wants to boost mass transit and green vehicles. “To get the economy moving and help Amtrak and our employees through this unprecedented situation, Congress must act now on pandemic relief and economic stimulus funding,” […]

The U.S. election has given a lift to high-flying technology stocks, which are within striking distance of a new record, but while investors say they remain attractive long-term, the still-undecided Senate could cause volatility in trading around the year-end. Since Election Day, the tech-heavy Nasdaq Composite is up 6.6%, easily outpacing the 4.2% gain in […]

Joe Biden is returning to the White House to lead the United States in the midst of an economic crisis after beating President Donald Trump in Tuesday’s election, a turn of events likely to conjure an eerie sense of deja vu for the Democratic former vice president. Unlike in 2008, when the country elected Democrat […]

Volkswagen AG’s VOWG_p.DE truck unit Traton SE has agreed to pay about $3.7 billion for the outstanding shares of U.S. truck maker Navistar International Corp in a deal announced on Saturday that would extend its reach in North America. Finalisation of the deal comes after Traton said on Oct. 16 it had agreed to raise […]