Business
Oil prices fall as rising coronavirus case numbers cast shadow over fuel demand pickup
Oil prices slid on Tuesday amid concerns that a nascent recovery in fuel demand could stall as a fresh wave of COVID19 infections around the world sparks tighter lockdowns just as major producers ramp up output.
Sensex, Nifty inch higher; U.S. manufacturing data props sentiment
Indian shares opened higher on Tuesday after four sessions of losses, led by auto and financial stocks after strong U.S. manufacturing data lifted global sentiment, though gains were capped by fears over rising coronavirus cases at home.
GM asks judge to reinstate racketeering case against rival Fiat Chrysler
General Motors Co on Monday asked a U.S. federal judge to reinstate a racketeering lawsuit against Fiat Chrysler Automobiles NV (FCA), saying it has new information on foreign accounts used in an alleged bribery scheme involving its smaller rival and unio...
Schumer backs TikTok U.S. operations sale
U.S. Senate Democratic Leader Chuck Schumer on Monday called for an American company to purchase Chineseowned video app TikTok in order to protect users' data, saying "a safe way must be found for TikTok to continue."
Go your own way: U.S. and UK bonds part ways from Germany and Japan
Sovereign borrowing costs have taken another lurch lower as more COVID19 outbreaks threaten economic recovery, yet five months after the pandemic panic first hit, a divergence is opening up within four of the world's biggest bond markets.
U.S. manufacturing activity near 1-1/2-year high; construction spending extends drop
U.S. manufacturing activity accelerated to its highest level in nearly 11/2 years in July as orders increased despite a resurgence in new COVID19 infections, which is raising fears about the sustainability of a budding economic recovery.
U.S. top Senate Democrat says 'safe way' must be found for TikTok to continue
U.S. Senate Democratic Leader Chuck Schumer on Monday called for an American company to purchase Chineseowned video app TikTok in order to protect users' data, saying "a safe way must be found for TikTok to continue."
SocGen posts surprise second-quarter loss as it revamps trading business
Societe Generale SA said on Monday it hoped to put all "the bad news" behind it following two straight quarterly losses that have prompted a revamp of its struggling markets unit.
Battle brews for control of Latin American lender as some reject Trump candidate
A battle is brewing for control of Latin America's main development bank.
Race to the Top: How the Next WTO Chief Will be Chosen and the Task Ahead
The next chief would broker international trade talks in the face of widening US-China conflict, protectionism increased by the COVID-19 pandemic and pressure to reform trade rules.
Proponent of Abenomics blasts Japan's tourism campaign as pandemic rages on
Japan's multibilliondollar campaign aimed at reviving domestic tourism is illtimed and not the best use of taxpayer money, said Yutaka Harada, a former central bank board member and vocal advocate of premier Shinzo Abe's "Abenomics" policies.
Heineken sees pick-up since April, but much uncertainty
Heineken said on Monday it had witnessed a gradual recovery of its business since the low of April, remaining uncertainty over COVID19 containment measures left it unable to give a forecast for the rest of the year.
HSBC warns loan losses could hit $13 billion as profit plunges 65%
HSBC Holdings PLC warned its bad debt charges could blow past a previous estimate to $13 billion this year and said its profits more than halved, as the coronavirus pandemic hammered the bank's retail and corporate customers worldwide.
U.S. companies leap over low profit hurdle in coronavirus-hit quarter
A record high percentage of U.S. companies are beating analysts' forecasts this earnings season, giving investors a glimmer of hope in what is still expected to be the slowest profit period since the financial crisis.
Listed Entities Get 3 Years to Meet Criteria of Minimum 25% Public Shareholding
Once a company is listed, its promoters are required to bring down their shareholding down to 75 per cent within the stipulated minimum shareholding period so as to meet minimum public float of 25 per cent.
More Than Half of Roughly 9 Million Furloughed UK Staff Back at Work, Think Tank Estimates
Britain’s finance ministry has said furlough payments totalling 32 billion pounds ($42 billion) so far have been made in respect of a cumulative 9.5 million jobs, but does not publish figures on the current number of furloughed workers.
