Business

When COVID-19 first swarmed the United States, one health insurer called some customers with a question: Do you have enough to eat?

American depositary shares of RLX Technology Inc jumped 86% in their U.S. stock market debut on Friday, giving the Chinese vaping firm a market capitalization of nearly $35 billion.

United Airlines has offered employees fresh deals with pay and health benefits to leave the company, according to a memo seen by Reuters, part of a drive to reduce headcount and cut costs as it awaits a rebound in pandemichit travel demand.

Demand for physical gold picked up this week as the approaching Chinese New Year encouraged buyers in China and Singapore, with dealers expecting more purchases in coming weeks.

On January 21, the BSE Sensex crossed the 50,000 mark in the early trade for the first time but closed in red at 49,624.76 witnessing a decline of 167.36 points or 0.34 percent.

Benchmark U.S. crude oil for March delivery fell 11 cents to $53.13 a barrel Thursday. Brent crude oil for March delivery rose 2 cents to $56.10 a barrel.

Oil prices steadied on Thursday after industry data showed a surprise increase in U.S. crude inventories that revived pandemicrelated fuel demand concerns, while U.S. stimulus hopes buoyed prices.

Lebanese Central Bank Governor Riad Salameh answered questions from Lebanon's public prosecutor on Thursday based on a request from Swiss investigators looking into allegations of money laundering and embezzlement linked to the bank.

On comparing the prices of 22- carat gold of 10 grams from that of 24-carat of 10 grams, there is a difference of Rs 1,000.

Asian markets were set to rise on Thursday after U.S. stocks closed at record highs on hopes that newly inaugurated U.S. President Joe Biden would put in place further economic stimulus to offset damage wreaked by the COVID19 pandemic.

Procter & Gamble Co raised its fullyear sales forecast for a second time on Wednesday as the consumer products giant benefited from a sustained high level of demand for its home care and cleaning products due to the COVID19 pandemic.

UnitedHealth is reporting a fourthquarter profit of $2.21 billion, easily beating most expectations despite costs affiliated with the COVID19 pandemic.

New Yorklisted Best Inc, a Chinese logistics firm backed by ecommerce giant Alibaba Group Holding Ltd, is considering a sale as part of a strategic review, six people with knowledge of the matter said.

Oil prices rose on Wednesday, adding to solid gains overnight, on expectations the incoming U.S. administration will go ahead with massive stimulus spending that would boost fuel demand and draw down crude stocks.

Benchmark U.S. crude oil for February delivery rose 62 cents to $52.98 a barrel Tuesday. Brent crude oil for March delivery rose $1.15 to $55.90 a barrel.

Goldman Sachs Group Inc dwarfed Wall Street estimates as its fourthquarter profit more than doubled, powered by another blowout performance at its trading business and a surge in fees from underwriting a string of blockbuster IPOs.