Business

On Thursday, the rupee had settled at 74.27 against US dollar. Traders said sustained foreign fund inflows into the domestic equity markets also helped the local unit.

U.S. oil prices slipped on Friday, dropping for a second day as concerns mounted about the hit to demand from the surge in COVID19 infections forcing new lockdowns, but prices were supported by signs of movement on a stimulus deal in Washington.

Over 60% of American businesses in China are more optimistic about doing business in China after the results of the United States presidential election, according to a business group survey released on Friday.

Stocks rallied while the dollar fell on Thursday, and oil settled lower but rose after hours following a report that U.S. lawmakers may restart negotiations on economic stimulus, which lifted gloom that had persisted through most of the global day.

Gold slipped as much as 1% on Thursday as the dollar firmed and progress in COVID19 vaccine development boosted hopes of a faster economic rebound and tempered bets for an immediate U.S. coronavirus relief package.

Asian stocks followed Wall Street's sharp selloff on Thursday as concerns about rising coronavirus infections and new shutdowns in major U.S. cities hosed down earlier investor enthusiasm about COVID19 vaccine developments.

New Jersey formally committed itself Wednesday to using offshore wind energy to power 3.2 million homes and will study the best ways to get that electricity from ocean turbines to communities where it is needed.

The Dow and the S&P 500 inched higher on Wednesday as Boeing rose after it won U.S. approval to resume flights of its 737 MAX jet, while growing optimism that a working vaccine was within reach also lifted the mood.

Gold stuck to a narrow range on Wednesday as optimism over Pfizer's successful vaccine trials countered concerns over rising coronavirus infections and bets for further economic support.

Global shares edged higher and the dollar slipped on Wednesday as weak U.S. retail sales and a surge of new coronavirus cases tempered market euphoria after recent COVID19 vaccine breakthroughs.

British inflation picked up by a little more than expected in October as the COVID19 pandemic continued to affect the cost of goods, with clothing and food prices rising during the month, official data showed on Wednesday.

Libor compiler ICE Benchmark Administration said on Wednesday it will consult on its plan to stop publishing the interest rate denominated in sterling, euro, Swiss franc and Japanese yen.

The first announcement came from the central government on a one-month moratorium on the bank citing its deteriorating financials and failure to come with a revival plan on its own.

By persona, as well as operations, Amazon is an e-commerce entity. Rules disallow FDI investors in multi-brand retail to engage in e-commerce activity.

Gold prices edged lower on Wednesday due to optimism over a potential COVID19 vaccine, but concerns over the economic impact from the resurgence of coronavirus cases in the United States limited their decline.

Global shares stepped back on Wednesday as soft U.S. retail sales fuelled worries that rising coronavirus cases could stifle a still fragile economic recovery, dampening the euphoria from vaccine trial breakthroughs.