Kansas City Southern (KSU.N) said on Thursday it has turned down a $27 billion bid from Canadian Pacific Railway (CP.TO) and will delay a shareholder vote on a $29 billion deal to sell itself to Canadian National Railway Co (CNR.TO) if the rail regulator does not rule on the deal in the next five days.
Airbnb Inc (ABNB.O) said on Thursday its current-quarter bookings could be hit by the Delta variant of the coronavirus and a slowing pace of vaccination in the United States, sending its shares down more than 4%.
The Brent benchmark oil price fell for a second day on Friday, albeit holding above $70 a barrel, after the International Energy Agency warned that demand growth for crude is slowing sharply owing to the spread of coronavirus variants.
Boeing Co’s (BA.N) Starliner space capsule launch could be delayed by several months as it will likely need to be removed from atop a rocket for repairs, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Food-delivery firm DoorDash Inc’s (DASH.N) loss widened more than expected in the second quarter as the U.S. upstart spent heavily to expand internationally and into a crowded market for grocery during the pandemic.
U.S. oil major Exxon Mobil Corp (XOM.N), along with Chevron Corp (CVX.N), is seeking to bulk up in the burgeoning renewable fuels space by finding ways to make such products at existing facilities, sources familiar with the efforts said.
Where COVID-19 has precipitated unprecedented debts, climate change could trigger defaults across a planet which a United Nations panel says is dangerously close to runaway warming.
Orsted (ORSTED.CO) and RWE (RWEG.DE), the world’s two largest offshore wind players, both suffered from lighter winds in the first half of the year, highlighting how profits in the booming industry remain tied to weather conditions.
Thousands of small and medium Kuwaiti businesses could go to the wall after being walloped by the pandemic, potentially torpedoing a private sector central to the country’s efforts to remake its unorthodox and oil-pumped economy.
Devastating summer floods in the populous province of Henan in central China are a wake-up call for local authorities to seek better insurance cover against natural disasters, potentially opening up a huge market for insurers in the country.
Kansas City Southern (KSU.N) said on Thursday it has turned down a $27 billion bid from Canadian Pacific Railway (CP.TO) and will delay a shareholder vote on a $29 billion deal to sell itself to Canadian National Railway Co (CNR.TO) if the rail regulator does not rule on the deal in the next five days.
Airbnb Inc (ABNB.O) said on Thursday its current-quarter bookings could be hit by the Delta variant of the coronavirus and a slowing pace of vaccination in the United States, sending its shares down more than 4%.
The Brent benchmark oil price fell for a second day on Friday, albeit holding above $70 a barrel, after the International Energy Agency warned that demand growth for crude is slowing sharply owing to the spread of coronavirus variants.
Boeing Co’s (BA.N) Starliner space capsule launch could be delayed by several months as it will likely need to be removed from atop a rocket for repairs, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Food-delivery firm DoorDash Inc’s (DASH.N) loss widened more than expected in the second quarter as the U.S. upstart spent heavily to expand internationally and into a crowded market for grocery during the pandemic.
U.S. oil major Exxon Mobil Corp (XOM.N), along with Chevron Corp (CVX.N), is seeking to bulk up in the burgeoning renewable fuels space by finding ways to make such products at existing facilities, sources familiar with the efforts said.
Where COVID-19 has precipitated unprecedented debts, climate change could trigger defaults across a planet which a United Nations panel says is dangerously close to runaway warming.
Orsted (ORSTED.CO) and RWE (RWEG.DE), the world’s two largest offshore wind players, both suffered from lighter winds in the first half of the year, highlighting how profits in the booming industry remain tied to weather conditions.
Thousands of small and medium Kuwaiti businesses could go to the wall after being walloped by the pandemic, potentially torpedoing a private sector central to the country’s efforts to remake its unorthodox and oil-pumped economy.
Devastating summer floods in the populous province of Henan in central China are a wake-up call for local authorities to seek better insurance cover against natural disasters, potentially opening up a huge market for insurers in the country.
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