Business

Business events and economic reports scheduled for the coming week.

Oil prices hit 11month highs and were on track for a weekly gain on Friday, supported by Saudi Arabia's pledge to cut output and strong gains in major equity markets.

SGX Nifty which is an indicator of the Nifty50 and Sensex was trading 63.00 points or 0.44 percent higher at 14,273.00 higher at 7 am.

The former chairman of the main Chinese state bank behind Beijing's initiative to build railways and ports across dozens of Asian countries has been sentenced to life in prison on corruption charges, a court announced.

A large Washington, D.C.based law firm is asking other lawyers to join in a call for President Donald Trump's cabinet to oust him after rioting supporters of the president attacked and occupied the U.S. Capitol.

Online lending startup Social Finance Inc (SoFi) said on Thursday it has agreed to go public through a merger with Social Capital Hedosophia Holdings Corp V, a blankcheck acquisition company led by venture capital investor Chamath Palihapitiya.

France's Atos has made a more than $10 billion bid approach for U.S. rival DXC Technology in what would be the dealhungry IT consulting group's biggest ever acquisition, two sources with knowledge of the matter said.

LafargeHolcim, the world's biggest cement maker, on Thursday announced $3.4 billion deal to buy Firestone Building Products from Japan's Bridgestone Corporation in its biggest acquisition in more than a decade.

The Trump administration is considering adding tech giants Alibaba and Tencent to a blacklist of firms allegedly owned or controlled by the Chinese military, two people familiar with the matter said on Wednesday.

Facebook has removed a short video by President Donald Trump in which he urged supporters who stormed the U.S. Capitol Wednesday to go home while also repeating false accusations about the integrity of the presidential election.

Benchmark U.S. crude oil for February delivery rose 70 cents to $50.63 a barrel Wednesday. Brent crude oil for March delivery also rose 70 cents, to $54.30 a barrel.

The New York Stock Exchange said on Wednesday it will delist three Chinese telecom companies, confirming its latest reversal on the matter a day after U.S. Treasury Secretary Steve Mnuchin told the NYSE chief he disagreed with an earlier decision to rever...

Moody's said all other ratings of the bank and its branches are unaffected by its action. As the rationale for voluntarily withdrawing the ratings on the USD 10 billion foreign currency bonds, Moody's said it "has decided to withdraw the ratings for its o...

Hong Kong's business activity swung into steep decline in December, as tightened coronavirus curbs and supply chain bottlenecks hit firms' international and domestic operations, a private sector survey showed on Wednesday.

Sales of new vehicles in the U.S. fell 14.6% last year, but a secondhalf rebound from a coronavirusrelated plunge in the spring kindled optimism for a recovery later this year.

Italian fashion group Prada said on Tuesday that it would close 2020 with an operating profit after a strong recovery from a first half coronavirusdriven sales slump.