Business

Tullow Oil is exploring ways to fend off a potential cash crunch as the Londonlisted group reported a $1.3 billion loss after it was forced to write down $1.4 bln due to collapsing demand for oil.

China's factory gate prices fell for the seventh straight month in August but at the slowest annual pace since March, suggesting the industries of the world's No. 2 economy continued to recover from the sharp coronavirusinduced downturn.

The dollar held its gains on Wednesday, as a stockmarket slide spilled over into selling of riskier currencies and an oil slump weighed on commodity currencies, while fresh Brexit turmoil pushed the pound to a sixweek low.

Britain headed into a new round of Brexit trade talks on Tuesday acknowledging it could break international law but only in a "limited way" after reports it may undercut its divorce treaty with the European Union.

Oil slid 5% to below $40 a barrel on Tuesday, its lowest since June, pressured by concerns that a demand recovery could weaken as coronavirus infections flare up around the world.

German Chancellor Angela Merkel and her economy minister on Tuesday played down the possibility of halting the Nord Stream 2 gas pipeline from Russia to Germany as part of any sanctions imposed on Moscow due to the poisoning of Kremlin critic Alexei Naval...

Britain headed into a fresh round of Brexit trade talks on Tuesday acknowledging it could break international law but only in "a limited way" after reports it may undercut its divorce treaty with the European Union.

Gold prices fell on Tuesday on a strong dollar but the metal held in a tight range buoyed by lingering economic concerns as investors awaited policy cues from the European Central Bank.

The number of merger and acquisition deals involving British companies fell sharply to 152 in the second quarter, during the peak of the coronavirus restrictions, down from 463 in the first quarter, the country's statistics said.

Samsung Electronics Co. will develop 5G network infrastructure for Verizon Communications under a $6.65 billion deal announced Monday.

IKEA's shopping centres business hopes to open the doors of its first mall in the United States, in the centre of San Francisco, within a year, pushing ahead with its expansion plans while many retailers are reeling from the coronavirus crisis.

Sweden's centreleft government will boost funding for elderly care by around $500 million in its 2021 budget after the number of deaths in old people's homes during the coronavirus pandemic sparked widespread concern.

Brexit talks plunged into fresh crisis on Monday after Britain warned the European Union it could undercut the divorce deal it signed unless the bloc agrees to a free trade deal by Oct. 15.

The global economy is likely not headed for any major slowdown due to COVID19 but piledup storage and uncertainty over China's oil demand cloud oil markets' recovery, an official with International Energy Agency (IEA) said.

The price of 10 gram gold of 22-carat purity in Delhi stands at Rs 49, 610; whereas the price of the same material and quantity in Bengaluru is marked at Rs 48,160 for today, while in Mumbai this can be bought for Rs 49,510. In Kolkata, 10 grams gold of 2...

Britain has set a deadline of Oct. 15 to strike a freetrade deal with the European Union, and if none is agreed both sides should "accept that and move on," UK Prime Minister Boris Johnson will say on Monday.