Business

Gold prices fell on Tuesday as growing optimism about U.S.China trade relations boosted risk appetite as investors awaited a speech by Federal Reserve Chair Jerome Powell this week.

The minister said domestic revenue generation is a concern as sectors like tourism, real estate, hospitality, and airlines have been affected "disproportionately" by the COVID-19 pandemic.

Janumet (metformin hydrochloride and sitagliptin Phosphate) which is indicated to control high blood sugar in people with type 2 diabetes clocked over USD two billion revenues globally including USD 589 million in the USA in 2019, according to Merck's 201...

Middle East airlines Emirates and Etihad Airways have again asked cabin crew to take voluntary unpaid leave as they try to manage the impact from the COVID19 pandemic, according to internal memos and sources familiar with the matter.

Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month's figures are estimates that may be revised with next month's production update, World Steel Association said.

The German economy contracted by a record 9.7% in the second quarter as consumer spending, company investments and exports all collapsed at the height of the COVID19 pandemic, the statistics office said on Tuesday.

The central bank said it would be selling four securities totalling Rs 10,000 crore and will be purchasing four securities of the same amount.

Indian shares hit a sixmonth intraday high on Tuesday, taking cues from other Asian markets that rose on progress in U.S.China trade talks and following another record close on Wall Street.

Delta Air Lines is set to furlough 1,941 pilots in October, the carrier said in a memo to employees on Monday that noted the fallout from the COVID19 pandemic and plunging air travel demand.

Companies around the world have moved more of their operations online, plan to reduce office space and have made recruiting and retaining staff their top priority since the coronavirus pandemic struck, a survey showed on Tuesday.

Gold edged lower on Monday as optimism over a U.S. health regulator's authorization of a COVID19 treatment lifted Wall Street stocks to record highs, although a weaker dollar limited bullion's losses.

Rao said that the bank is expecting Rs 6,000-8,000 crore from the resolution cases pending before the National Company Law Tribunal.

Oil producers on Saturday shut 13% of crude oil production ahead of tropical storms Laura and Marco that are forecast to grind up the Gulf of Mexico in coming days, U.S. government data showed.

Volkswagen's luxury sports vehicle unit Porsche AG has launched an internal investigation into the suspected manipulation of petrol engines, German weekly Bild am Sonntag (BamS) reported.

Brazil has seized 70,000 tonnes of illegally mined manganese that four companies were preparing to ship to China from a northern port and confiscated the ore valued at 60 million reais ($10 million), the country's mining regulator said.

The number of Americans filing a new claim for unemployment benefits rose unexpectedly back above the 1 million mark last week, a setback for a struggling U.S. job market crippled by the coronavirus pandemic.