Business

South Korea's LG Chem Ltd plans to more than double production capacity of battery cells it makes in China for Tesla Inc electric vehicles (EV) next year, sources said, to keep up with its U.S. client's growth in the biggest car market.

Tesla Inc shares jumped 4% in extended trade on Monday after S&P Dow Jones Indices said it would add one of Wall Street's most valuable companies to the S&P 500 index all at once on Dec. 21.

Data giant S&P Global Inc has agreed to buy IHS Markit Ltd in a deal worth $44 billion that will be 2020's biggest merger, creating a heavyweight in the increasingly competitive market in financial information.

Data giant S&P Global Inc is nearing a deal to buy IHS Markit Ltd, according to a person familiar with the matter, creating a heavyweight in the increasingly competitive market for financial information.

S&P Global Inc is in advanced talks to buy Londonbased IHS Markit Ltd for about $44 billion in a deal that would combine two major data providers, the Wall Street Journal reported https://www.wsj.com/articles/spglobalinadvancedtalkstobuyihsmarkitforabout4...

As U.S. stocks scale fresh record highs, investors are trying to gauge whether next year's projected profit rebound will be strong enough to add fuel to the rally.

Fresh off a big acquisition and riding a wave of customer growth, Teladoc Health is ready to do more for patients.

Stocks that moved heavily or traded substantially Friday:

Stocks across the globe rose on Friday and remained on track for their strongest monthly performance on record as recent vaccine progress, Joe Biden's U.S. presidential election win and a weaker dollar continue to entice risktaking.

Gold slumped 2% to a near 5month low on Friday, breaking below a key technical level of $1,800 an ounce, as investors dumped the metal on hopes of a virus vaccine and a smooth transition in the U.S. presidency.

Wall Street's main indexes were set to open higher on Friday as optimism around an economic rebound next year outweighed concerns around an expected surge in coronavirus infections following the Thanksgiving holiday.

Chinese banks including major stateowned players announced on Friday they will suspend the opening of new accounts for their precious metal investment products from Saturday amid increased volatility in global and domestic precious metal prices.

A panel of OPEC+, a group of leading oil producing countries, will hold informal online talks on Saturday prior to meetings scheduled for next week, a letter seen by Reuters showed and source with the knowledge of the matter said.

Gold eased on Friday en route to a third straight weekly drop as investors weighed doubts over a leading COVID19 vaccine candidate against optimism that vaccines will arrive sooner than expected.

China is raising import taxes on Australian wine, stepping up pressure on Australia over disputes including its support for a probe into the origin of the coronavirus.

Britain plans to create a new watchdog to police big tech companies including Google and Facebook to counter their market dominance and prevent them from exploiting consumers and small businesses.