Business
India rice prices rise as exporters grapple with floods, coronavirus
Rice export prices in tophub India edged higher this week as floods and surging coronavirus cases hammered supply and export logistics.
Airbnb Bans House Parties Worldwide Citing Covid Restrictions, May Take Legal Action against Violators
The San Francisco-based home sharing company said it will limit occupancy in its rental homes to 16 people. It may offer exceptions for boutique hotels or other event venues.
SGX teams up with FTSE Russell for multi-asset derivatives products
Singapore Exchange Ltd (SGX) has expanded its partnership with global index provider FTSE Russell, under which both parties will jointly develop and market Asian and emerging markets focused, multiasset index derivatives products.
UK online job adverts slip back, ONS says
The number of online job adverts posted by employers in Britain a measure of how quickly the labour market might recover from its coronavirus slump has fallen back slightly, the country's statistics office said on Thursday.
Nvidia beats estimates but data center results leave shares flat
Nvidia Corp forecast thirdquarter sales above expectations on Wednesday, but the chipmaker's shares could come under pressure after a meteoric rise, with some growth driven heavily by a recent acquisition rather than core products.
Wall Street ends lower after Fed minutes highlight tough recovery
Wall Street finished lower on Wednesday after the Federal Reserve raised concerns that the U.S. economic recovery from the devastating effects of the pandemic faced a highly uncertain path.
S&P 500, Nasdaq Hit Record Highs as Apple Tops $2 Trillion in Market Value
The S&P 500 and Nasdaq indexes hit alltime highs on Wednesday as Apple became the first publicly listed U.S. company to cross $2 trillion in market capitalization, with strong results from retailers Target and Lowe's also lifting sentiment.
India's GDP to Contract by 20% in First Quarter of FY21, Says Care Ratings
The agency said disruptions caused by the countrywide lockdown crippled most economic and commercial activities across the country as has been depicted by various high frequency indicators slipping into red during these months.
Airtel, Voda Idea Likely to File Additional Applications for 5G Trials Without Chinese Vendors
The development comes following government displeasure on including Chinese companies in any project that can have security implications amid the border standoff between the two nations.
How Covid-19 Gives Cover to Press Crackdowns the World Over
Governments around the world are taking advantage of the coronavirus pandemic to justify or to divert attention from crackdowns on press freedom.
Now Playing at the Mall Parking Lot: Movies, Drag Shows
Angel Dougherty went to the mall last month not to shop, but to watch a drivein drag show in the parking lot.
J&J Strikes $6.5 Billion Deal for Autoimmune Disease Specialist Momenta
Johnson & Johnson on Wednesday agreed to pay about $6.5 billion in cash to buy Momenta Pharmaceuticals Inc in a deal aimed at expanding its portfolio of autoimmune disease treatments.
Banks Likely to Restructure Up to Rs 8.4 Lakh Crore Loans After RBI Decision, Outlines Report
Earlier this month, the RBI had announced a recast package which focused on a case-by-case approach for restructuring rather than a blanket or sectoral approach. The central bank had also allowed small value non-corporate loans to be recast.
OPEC+ meets to review compliance with oil cuts
OPEC oil producers and allies such as Russia, a grouping dubbed OPEC+, meets on Wednesday to review compliance with oil cuts meant to support oil prices amid the coronavirus pandemic.
Oil slips as demand worries outweigh U.S. stocks draw
Oil prices eased on Wednesday on concerns that U.S. fuel demand may not recover as quickly as expected amid stalled talks on an economic stimulus package, overshadowing a biggerthanexpected drawdown in U.S. crude stocks.
IOC nears first deal to export fuels to Mauritius -sources
Indian Oil Corp, the country's top refiner, is close to winning its first contract to export up to 720,000 tonnes of clean products to Mauritius under an annual deal from November, two sources familiar with the matter said.