Business

Faced with a veto from the United States, the World Trade Organization has two unpalatable options for selecting its next leader - override its biggest paymaster with a vote or hope for a change of U.S. president and wait until he takes charge.

Exxon Mobil Corp was once the largest U.S. publicly traded company in the United States. Now, the oil major is not even the largest energy name, having been surpassed by rivals and even a renewable company, as it tries to maintain its hefty dividend.

Oil prices tumbled by more than 4% on Thursday, dropping to a five-month low and extending the previous day's sharp decline on the impact renewed coronavirus lockdowns could have on oil demand.

The domestic retail book of Ant Group Co Ltd's $34.4 billion dual listing was 872 times oversubscribed as individual investors in China scrambled for a slice of the world's largest initial public offering (IPO), a company filing showed.

A federal judge on Thursday granted a last-minute request to stop the U.S. government from turning over to Japan two Massachusetts men to face charges that they helped smuggle former Nissan Motor Co Chairman Carlos Ghosn out of the country while he was awaiting trial on financial crimes.

While economic growth galloped to produce the strongest three-jump month jump in U.S. history in July, August and September, more critical to the recovery now is how much of that momentum survives the possible upheaval of next week's election and the spread of coronavirus infections.