Business
Trump Administration To Purchase 150 Million Abbott COVID-19 Tests For $750 Million
The Trump administration will purchase 150 million rapid coronavirus tests from Abbott Laboratories for about $750 million, a White House spokeswoman said on Thursday.
Global Markets: Shares Climb, Dollar Eases, As Fed Lays Out New Inflation Strategy
A gauge of world equity markets climbed while the dollar and gold prices eased on Thursday after the Federal Reserve said it would roll out an aggressive new strategy that aims to boost employment and allow inflation to run faster than in the past.
Oil Prices Slip As Hurricane Laura Hammers U.S. Gulf Coast
Oil prices fell on Thursday as a massive hurricane in the Gulf of Mexico made landfall in the heart of the U.S. oil industry, forcing oil rigs and refineries to shut down.
U.S. Weekly Jobless Claims Drift Around 1 Million
The number of Americans filing new claims for unemployment benefits hovered around 1 million last week, suggesting the labor market recovery was stalling as the COVID19 pandemic drags on and financial aid from the government dries up.
Oil Industry Shuts Platforms, Rigs, Refineries As Storm Hits
The energy industry braced for catastrophic storm surges and winds as Hurricane Laura cut a dangerous path across the coastlines of Texas and Louisiana, making landfall early Thursday.
Schoeller-Bleckmann Cuts 40% Of Jobs In United States
Austrian oilfield equipment producer SchoellerBleckmann (SBO) said on Thursday it cut jobs in the United States and secured new loans to navigate through the pandemic after bookings contracted 42% in the first half of 2020.
Global Markets: Asia Shares Take A Breather, Hope For Flexible Fed
Asian shares touched twoyear peaks on Thursday in the wake of Wall Street's record run as cheap cash drove up bigcap tech darlings, although SinoU.S. tensions caused caution to creep in as the session progressed.
Brexit Taken Off Agenda For EU Envoys' Meeting Due To Stalled Talks
A discussion about the negotiations over Britain and the European Union's postBrexit relationship has been dropped from the agenda of a meeting of EU envoys next week because the talks have stalled, an EU diplomat said on Wednesday.
Gold Retreats As Dollar Gains; All Eyes On Powell Speech
Gold fell on Wednesday as the dollar strengthened, with investors awaiting U.S. Federal Reserve Chairman Jerome Powell's speech for monetary strategy cues, but worries over the pandemicravaged global economy kept prices above the $1,900 mark.
Ex-U.S. Ambassador Quits Singapore Firm Linked To Newcastle United Bidders
The former U.S. ambassador to Singapore said he had resigned from the board of a firm in the citystate linked to a group bidding for English soccer club Newcastle United citing "recent revelations" about the group.
Salesforce Raises 2021 Revenue Forecast On Remote Work Boost, Shares Jump
Salesforce.com Inc on Tuesday raised its annual revenue forecast and beat estimates for quarterly results on coronavirusspurred demand for its online business software that supports remote work and commerce, sending its shares up nearly 15%.
Stocks Rise As U.S.-China Phone Call Boosts Optimism, Euro Gains
The euro rose on betterthanexpected German business morale data on Tuesday while global equity markets gained, with the S&P 500 and Nasdaq setting new closing highs, after a phone call cooled a recent flareup in U.S.China trade tensions.
NTSB: Lawmaker In Plane Crash Flew Despite Vision Problems
An Alaska state lawmaker who was involved in a July midair collision that killed seven people was piloting his plane even though his medical flight certification was denied eight years ago because of vision problems, a federal agency reported Tuesday.
Moody's Affirms Long-term Local and Foreign Currency Deposit Ratings of SBI at 'Baa3'
However, the global rating agency, in a statement, said it has downgraded SBI's Baseline Credit Assessment (BCA) and adjusted BCA to 'ba2' from 'ba1' on account of concern on asset quality due to moratorium.
U.S. Consumer Confidence At More Than Six-year Low; New Home Sales Accelerate
U.S. consumer confidence dropped to a more than sixyear low in August as households worried about the labor market and incomes, casting doubts on the sustainability of the economy's recovery from the COVID19 pandemic.
Enforcement Action Taken against 41 Entities, Rs 61.15 Crore Fine Imposed, Says RBI
The The actions were taken against regulated entities for non-compliance of various regulations, said the RBI said in its annual report.