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SoftBank Group Corp 9984.T made significant option purchases during the run-up in the U.S. stock market in recent weeks as a way of temporarily investing some proceeds from asset sales, people familiar with the matter said on Friday. The trades Read more
NEW YORK – Oil prices fell more than 3% on Friday and posted their biggest weekly decline since June as fears of a slow economic recovery from the COVID-19 pandemic compounded worries about weak oil demand. Brent crude LCOc1, the Read more
WASHINGTON – U.S. employment growth slowed further in August and permanent job losses increased as money from the government started running out, raising doubts on the sustainability of the economy’s recovery from the deep COVID-19 recession. Nearly a fifth of Read more
WASHINGTON – U.S. rural telecommunications networks, which have relied on inexpensive network equipment from China’s Huawei Technologies Co and ZTE Corp 000063.SZ, have told the government that it would cost $1.837 billion to replace those switches and routers, the Federal Read more
PARIS – Ryanair RYA.I boss Michael O’Leary’s proposed 458,000 euro ($540,600) annual bonus came under fire on Friday, as an influential investor advisory firm urged shareholders to oppose the package in a non-binding vote later this month. Proxy advisor Institutional Read more
Goldman Sachs Group Inc GS.N and Morgan Stanley MS.N on Friday revised lower two key measures of the banks’ ability to deploy cash in an emergency, after the Federal Reserve said it made an error in its June stress test Read more
BOGOTA – Colombian regulators on Friday ordered Alphabet Inc’s Google to clearly ask each user whether the world’s largest search engine can use their personal data which is being captured without authorization. Non-compliance could lead to investigations, sanctions and fines Read more