HONG KONG: New York-listed Best Inc, a Chinese logistics firm backed by e-commerce giant Alibaba Group Holding Ltd, is considering a sale as part of…
Posts published in “Business”
MELBOURNE/SINGAPORE: Oil prices rose on Wednesday, building on solid gains overnight, thanks to a combination of a weaker dollar and expectations the incoming U.S. administration…
LONDON: An unprecedented rally in “green” hydrogen stocks looks set to extend as investors flock to companies which promise to produce the gas without using…
Indigo Paints is opening Rs 1,170.16 crore initial public offering (IPO) for subscription on Wednesday, January 20, 2021. After the ongoing Indian Railway Finance Corporation…
ZURICH: Luxury goods group Richemont posted a 5% increase in sales at constant currencies for the three months to Dec. 31, driven by strong growth…
Gold prices rose on Wednesday as the dollar weakened after U.S. Treasury Secretary nominee Janet Yellen underscored the need for a huge stimulus to help…
SINGAPORE: Business investment commitments into Singapore rose 13% last year to their highest in more than a decade, helped by sectors such as semiconductors, energy…
Local commerce platform Dunzo on Tuesday said it has raised a fresh round of USD 40 million (about Rs 292.7 crore) in capital from a…
Benchmark BSE Sensex rose by over 170 points in early trade on Wednesday as IT, energy and pharma stocks advanced amid gains in global equities…
The gold and silver prices witnessed a marginal hike on Wednesday, January 20. As per the prices collected from Good Returns, the cost of one…
Regaining more than half of the previous two day losses, both the BSE Sensex and NSE Nifty closed in green on Tuesday. Following the same…
BEIJING: German automaker Volkswagen AG lost sales of tens of thousands of cars in China as a global chip supply shortage impacted its production in…
TOKYO: Asian shares climbed to a record high on Wednesday as U.S. Treasury Secretary nominee Janet Yellen advocated for a hefty fiscal relief package to…
Goldman Sachs Group Inc posted a blockbuster fourth-quarter profit that dwarfed Wall Street estimates on Tuesday, but executives warned that capital markets activity fueling results…
NEW YORK: Investors in Asian markets were poised for gains on Wednesday after Wall Street indexes rose on the back of U.S. Treasury Secretary nominee…
It’s a Twitter user’s worst nightmare: Wake up to find most of your followers gone. But that’s exactly what will happen on Wednesday to the…
SAN RAMON, Calif.: Netflixs video streaming service has surpassed 200 million subscribers for the first time as its expanding line-up of TV series and movies…
NEW YORK: Stocks that moved heavily or traded substantially Tuesday: Western Union Co., up 44 cents to $22.37. The money transfer company will offer its…
AppHarvest an indoor farming company backed by Martha Stewart thinks the agriculture sector is ripe for disruption. And now, its tomatoes are ripe for eating.…
NEW YORK: Oil prices climbed with U.S. stock markets on Tuesday ahead of Joe Biden’s inauguration as U.S. president on optimism that more government stimulus…
NEW YORK: The founder of MyPillow, a vocal and in the past few weeks very visible supporter of President Donald Trump, says a backlash against…
NEW YORK: Global equity benchmarks jumped and safe havens such as the dollar and U.S. Treasury bonds dipped on Tuesday as Janet Yellen used her…
File photo of the Enforcement Directorate logo. Narendra Kumar Patel, director of Jay Ambe Gauri Chem Limited, was produced before a special PMLA court in…
In a setback to the YS Jagan Mohan Reddy government, the Andhra Pradesh High Court on Tuesday quashed all proceedings in a criminal case– what…
File photo of Nobel Peace Prize Winner Muhammad Yunus (Image Credit: Twitter/ @Yunus_Centre) Yunus said COVID-19 pandemic has demonstrated that our financial institutions are designed…
Former HDFC Bank chief executive Aditya Puri on Tuesday backed the proposal to allow deep-pocketed corporates into banking in India. Puri, the founder chief executive…
Lumentum Holdings will spend $5.7 billion in cash and stock to buy Coherent and expand its reach into lasers and photonics. The San Jose, California,…
DETROIT: General Motors is teaming up with Microsoft to accelerate its rollout of electric, self-driving cars. In the partnership announced Tuesday, the companies said Microsofts…
Bank of America Corp posted a smaller-than-expected drop in fourth-quarter profit on Tuesday and said it was hopeful of achieving growth in loans this year…
Goldman Sachs Group Inc dwarfed Wall Street estimates as its fourth-quarter profit more than doubled, powered by another blowout performance at its trading business and…
MILAN: Global shares climbed and the dollar eased on Tuesday before Janet Yellen’s Treasury Secretary confirmation speech, in which she is expected to bolster the…
Bank of America Corp posted a drop in fourth-quarter profit on Tuesday that still topped Wall Street expectations and pointed to signs of an economic…
Goldman Sachs Group Inc dwarfed estimates with a 153% jump in fourth-quarter profit on Tuesday, powered by another blowout performance at its core bond trading…
Bank of America Corp posted a drop in fourth-quarter profit on Tuesday that still topped Wall Street expectations as strength in its sales and trading…
A file photo of the ministry of finance, New Delhi. In a statement, the ministry said MP has started DBT of electricity subsidy to farmers…
Setting money goals in 2020 was likely an exercise in futility. Maybe youd been saving for a trip abroad, but the pandemic kept you at…
Mumbai: Equity benchmark Sensex soared 834 points on Tuesday, tracking strong gains in index majors HDFC twins, ICICI Bank and Reliance Industries amid an upbeat…
BRUSSELS: Plans submitted by EU member states so far for spending a record 1.8 trillion euros to rebuild economies wrecked by COVID-19 fall short on…
India is considering revising its foreign investment rules for e-commerce, three sources and a government spokesman told Reuters, a move that could compel players, including…
MILAN/SYDNEY: Global shares climbed and the dollar eased on Tuesday ahead of Janet Yellen’s Treasury Secretary confirmation speech, in which she is expected to bolster…
LONDON: Oil prices climbed on Tuesday as optimism that government stimulus will eventually lift global economic growth and oil demand trumped concerns that renewed COVID-19…
BRUSSELS: The European Union’s executive has warned this month that national plans so far for spending a record 1.8 trillion euros from the bloc’s joint…
HONG KONG: Hong Kong’s seasonally adjusted unemployment rose to a 16-year high of 6.6% in October-December 2020, as a new wave of coronavirus infections slammed…
LONDON: Oil demand recovery will take a hit from a spike in new coronavirus cases before vaccine roll-outs and stimulus measures help in the second…
SHANGHAI: Cisco Systems Inc’s purchase of Acacia Communications Inc has been approved by China’s antitrust regulator on condition that the companies ensure fair competition, the…
DUBAI: Qatar Investment Authority is generating strong returns on a multi-billion dollar bet it made on distressed debt and highly rated bonds at the start…
BEIJING: Profit at state-owned companies that dominate Chinas banking, oil and most other industries rose by as much as 25% last year as the country…
Gold prices ticked up on Tuesday, off a 1-1/2-month low hit in the previous session, as the U.S. dollar slipped while prospects of further global…
Indra Nooyi, former Chairman and CEO of PepsiCo, speaks on stage at the Women In The World Summit in New York, US. (Reuters) During a…
After a nominal dip, the price of gold and silver saw a marginal increase on Tuesday. According to the prices collected from Good Returns, the…
At 6:55 am, the SGX Nifty rose 0.6 percent to 14,367. This means that the Indian market will open on a higher note as SGX…
Logitech International on Tuesday raised its annual forecasts and reported a nearly three-fold jump in quarterly adjusted operating income, benefiting from a pandemic-driven boost in…
SHANGHAI: A Chinese mutual fund attracted a record $37 billion worth of investor subscriptions on the first day of sales, state media reported, reflecting Chinese…
TOKYO: Almost three quarters of Japanese firms expect to keep capital spending steady or raise it in the coming business year from the fiscal year…
Jaipur, Jan 18: The Rajasthan government on Monday suggested to the Centre that the states be compensated the revenue deficit resulting from lower than expected…
Bhubaneswar, Jan 18: The Odisha government on Monday sought Rs 7,200 crore for railway infrastructure and Rs 5,650 crore for development of telecom sector in…
New Delhi, Jan 18: The Standing Committee of the cash-strapped East Delhi Municipal Corporation on Monday rejected the three new taxes, including a professional tax…
LONDON: More governments are selling bonds that mature in 30, 50 and even 100 years’ time, capitalising on rock-bottom borrowing costs and a willingness among…
File photo of Union Minister Dharmendra Pradhan. He said the focus of the government was on electric vehicles (EVs), solar energy, production of ethanol etc…
Economic activity recorded a broad-based improvement in December as against November, showing a return of demand, according to a report. Rating agency Icra on Monday…
File photo of Vice President M Venkaiah Naidu. Addressing the online convocation of the Institute of Company Secretaries of India (ICSI) in Hyderabad, he stressed…
As part of pre-Budget deliberations, Finance Minister Nirmala Sitharaman on Monday held a meeting with state finance ministers who suggested steps to revive growth and…
Gold inched away from a 1-1/2-month low touched earlier on Monday as expectations of additional fiscal stimulus in the United States buoyed bullion’s appeal as…
BRUSSELS: Euro zone finance ministers were discussing on Monday how to best design and coordinate economic plans to recover from the COVID-19 crisis, while the…
The initial public offer of the Indian Railway Finance Corporation (IRFC) was subscribed 65 per cent on the first day of subscription on Monday. The…
The Finance Ministry on Monday released the 12th instalment of Rs 6,000 crore to states to meet the GST compensation shortfall, taking the total amount…
LONDON: Oil prices fell on Monday as a stronger dollar, fears over soaring COVID-19 cases around the world and the slow pace of vaccination against…
Gold prices edged higher on Monday on the prospect of extended U.S. fiscal stimulus and accommodative monetary policies, although bullion held close to the 1-1/2…
S&P Global Ratings on Monday said India’s banking system’s low profitability and weak asset quality present some difficulties in significantly boosting digitalisation for several state-owned…
Budgeting is a pain. But whats more painful is a bill you cant easily pay, debt that costs a fortune or not having enough money…
LONDON: Oil prices were mixed on Monday as a better-than-expected quarterly rebound for China’s economy countered fears over soaring COVID-19 cases around the world and…
The Reserve Bank of India (RBI) is likely to spend at least USD 20 billion more to support the rupee and increase the forex kitty…
Prime Minister Narendra Modi-led government has reportedly decided to increase the Dearness Allowance (DA) by 4 per cent and Dearness Relief (DR), according to the…
The Centre on Monday told the Supreme Court that it is taking all efforts to extradite fugitive businessman Vijay Mallya, accused in bank loan default…
KUALA LUMPUR: Malaysia will introduce 15 billion ringgit ($3.71 billion) worth of additional stimulus measures to support its pandemic-hit economy and fight COVID-19, Prime Minister…
New Delhi: Leading steel-producing companies in the country are drawing up plans to vaccinate their employees across offices and plant sites with the start of…
Gold prices rose on Monday, after hitting a 1-1/2-month low earlier in the session, as prospects of a massive U.S. coronavirus relief aid outweighed a…
LONDON: The European Central Bank will this week face more questions about an increasingly challenging outlook only a month after it unleashed fresh stimulus to…
The Indian Railway Finance Corporation (IRFC)’s initial public offering (IPO) will open on Monday, making it the first IPO of this year. The IPO will…
SEOUL: After a judge handed down a 30-month sentence for bribery and other charges, Samsung Electronics vice chairman Jay Y. Lee is expected to return…
Equity benchmark Sensex dropped over 200 points in early trade on Monday tracking losses in index majors Infosys, HDFC and TCS amid a mixed trend…
Janet Yellen, President-elect Joe Biden’s pick to take over the U.S. Treasury, is expected to affirm the United States’ commitment to market-set currency rates when…
Gold prices steadied after dropping to their lowest in 1-1/2 months on Monday, as prospects of a massive U.S. coronavirus relief aid outweighed a stronger…
U.S. President-elect Joe Biden is planning to cancel the permit for the $9 billion Keystone XL pipeline project as one of his first acts in…
U.S. President-elect Joe Biden is expected to nominate Federal Trade Commission member Rohit Chopra to head the Consumer Financial Protection Bureau, according to a person…
BEIJING: Chinas economy grew 2.3% in 2020 as a recovery from the coronavirus pandemic accelerated while the United States, Europe and Japan struggled with disease…
Janet Yellen, President-elect Joe Biden’s pick to take over the U.S. Treasury, is expected to affirm the United States’ commitment to market-determined foreign exchange rates…
NEW YORK/WASHINGTON: The Trump administration last week notified some Huawei suppliers that it is revoking their licenses to sell to the Chinese tech giant and…
Image for representation. The Food Corporation of India (FCI) has procured564.17 lakh tonnes of paddy till January 16, an increase of 25.25 per cent from…
TORONTO: Canada’s Industry Minister François-Philippe Champagne spoke to Alimentation Couche-Tard founder Alain Bouchard and assured him of support for Canadian businesses, after the company dropped…
BOSTON: Some users have fled Facebook and Twitter after the platforms booted President Donald Trump and some of his confederates for inciting unrest and spreading…
Debt-ridden mortgage lender DHFL Ltd on Sunday said the Committee of Creditors (CoC) has approved resolution plan submitted by Piramal Capital and Housing Finance Limited,…
JERUSALEM: Israel’s economy is likely to grow by 4.6% this year, the Finance Ministry said on Sunday in a forecast reliant on continuation of rapid…
BEIRUT: Lebanon’s caretaker health minister signed a final deal on Sunday to secure 2.1 million doses of Pfizer-BioNTech’s COVID-19 vaccine as the country battles a…
[unable to retrieve full-text content]An IndiGo Airlines flight going to Kolkata from Surat with 172 passengers on board made an emergency landing at Bhopal's Raja…
LONDON: Britain should not engage in free trade with countries that abuse human rights, but proposals that the country’s courts should decide whether genocide has…
JERUSALEM: Israel’s economy is likely to grow by 4.6% this year, the Finance Ministry said on Sunday in a forecast reliant on continuation of rapid…
BERLIN: German pharmaceutical giant Bayer is examining whether it can help CureVac to produce its experimental COVID-19 vaccine, its chief executive was quoted as saying…
Logo of Confederation of Indian Industry (CII). (File photo) The Confederation of Indian Industry (CII) Taskforce has made several important submissions to V K Paul,…
File photo of Delhi High Court The petition in the Delhi High Court has been filed by lawyer Sudhir Kathpalia, who was also a shareholder…
Representational Image of GST Customers taking food delivery at their home or office are paying 13 percent higher price on the same food and beverages…
The domestic equity market will be largely guided by the ongoing quarterly earnings as well as global cues in the coming week and indices may…
Image for representation. It is important to mark the date of exit as it might affect claim submissions and settlements later on. Trending Desk Last…
Falling interest rates on home loans are prompting many existing borrowers, who are paying much higher interest rates, to shift lenders offering much lower rates…
NEW YORK: Benjamin de Rothschild, who oversaw the banking empire started by his father in 1953, has died. He was 57. The Edmond de Rothschild…
NEWARK, N.J.: Egor Sharangovich scored his first NHL goal in the final seconds of overtime to propel the New Jersey Devils to a 2-1 victory…
The headquarters of HDFC bank is pictured in Mumbai. (Reuters) Tata, the chief credit officer, sold 1,400 shares of the bank held by him in…
NEW YORK: General Motors plans to spend $800 million to turn a Canadian SUV plant into one that will make electric delivery vans. Work on…
New Delhi: The Centre on Saturday said bird flu in poultry has been confirmed in nine districts of Maharashtra, while culling operation in poultry is…
Image for representation. (Twitter/@AdaniOnline) In a statement on Twitter, the portstoenergy conglomerate said it has built stellar infrastructure assets in the nation adopting prudent corporate…
Prime Minister Narendra Modi. Addressing the ‘Prarambh: Startup India International Summit’, Modi exuded confidence that the growth of startups will help in generating jobs and…
DUBAI: The organisers of Expo 2020 Dubai said on Saturday they are committed to hosting the event which was postponed for a year due to…
With the RBI raising concern over the issuance of zero coupon bonds for recapitalisation of public sector banks (PSBs), the Finance Ministry is examining other…
LONDON: British finance minister Rishi Sunak has proposed giving a one-off 500 pound ($679) grant to recipients of the country’s main unemployment and wage support…
PRAGUE: Volkswagen’s Skoda Auto will not sponsor this year’s ice hockey world championship if the event is held in Belarus, due to the host country’s…
India’s central bank is likely to propose tightening rules on “shadow banks” in a bid to strengthen solvency and sustainability of a sector that has…
A photo illustration shows a chain and a padlock in front of a displayed Whatsapp logo January 13, 2017. REUTERS/Dado Ruvic/Illustration The body issued a…
MILAN: Fiat Chrysler and PSA sealed their long-awaited merger on Saturday to create Stellantis, the world’s fourth-largest auto group with deep enough pockets to fund…
NEW YORK: A blistering rally in the shares of regional banks may be tested when a spate of lenders report results in the coming week.…
KUALA LUMPUR: Malaysia is taking legal action at the global trade watchdog against the European Union and member states France and Lithuania for restricting palm…
General Motors Co and labor union Unifor said on Friday they have reached a tentative deal for the automaker to invest nearly C$1 billion ($785.42…
WASHINGTON: A Massachusetts company has been granted approval to operate commercial drone flights without a person directing the machine and keeping it in sight. Its…
MILAN: Fiat Chrysler and PSA will seal their long-awaited merger on Saturday to create Stellantis, the world’s fourth-largest auto group with deep enough pockets to…
NEW YORK: Stocks that moved heavily or traded substantially Friday: Exxon Mobil Corp., down $2.42 to $47.89. The energy company’s stock slipped as oil prices…
NEW YORK: Stock and oil prices fell on Friday, pressured by intensifying lockdowns and weak U.S. retail sales data, while the dollar was on track…
Citigroup Inc reported quarterly profit that beat market expectations on Friday, but a downbeat revenue and expense outlook showed it will take more than a…
NEW YORK: Oil prices fell more than 2% on Friday as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven…
CHARLOTTE, N.C.: The pandemic and recession arent over by a long shot, but banks are feeling optimistic enough to start taking potentially bad loans off…
The domestic stock market indices ended Friday’s session lower, down over 1 per cent, triggered by an across-the-board sell-off that saw all the Nifty sectoral…
Walmart Inc said on Friday its chief executive for e-commerce operations in the United States, Marc Lore, will step down at the end of the…
The U.S Securities and Exchange Commission has launched an investigation of Exxon Mobil Corp following a whistleblower complaint that the oil major over-valued a key…
Dating app Bumble, which is backed by hedge fund giant Blackstone Group, on Friday made public its regulatory filing for an initial public offering, revealing…
Ten firms, including an Adani Group company, have bid for redeveloping the heritage Chhatrapati Shivaji Maharaj Terminus (CSMT) Railway station as part of an over…
Ajay Piramal-led Piramal Capital & Housing Finance Limited (PCHFL) has emerged as the winning bidder for Dewan Housing Finance Limited (DHFL), after almost 94 per…
Gold prices slumped more than 1% on Friday and the metal was heading for a second straight weekly drop as the dollar continued its upturn,…
Piramal Group emerged as the preferred bidder for troubled mortgage lender Dewan Housing Finance Corporation (DHFL) at the end of voting by the Committee of…
JPMorgan Chase & Co reported a better-than-expected quarterly profit on Friday as it released some of the cash it had built up against coronavirus-driven loan…
American brokerage BofA Securities on Friday said the Indian economy continues to be “weak”, pointing to activity indicators tracked by it. On the positive side,…
Wall Street’s main indexes fell on Friday as incoming President Joe Biden’s $1.9 trillion stimulus plan sparked fears of an increase in taxes, while investors…
The Centre is likely to intimate the qualified bidders for national carrier Air India by the end of the month, as the evaluation of the…
NEW YORK: Retail sales fell for a third straight month as a surge in virus cases kept people away from stores during the holiday shopping…
JPMorgan Chase & Co reported a much better-than- expected jump in fourth-quarter profit on Friday as it released some of the cash it had built…
The Supreme Court has sought responses from the Centre and 61 iron exporting firms including Essar Steel and Jindal Steel & Power on a PIL…
LONDON/SHANGHAI: Global shares stumbled on Friday as hopes of a fiscal boost provided by a $1.9 trillion U.S. stimulus plan were smothered by the prospect…
GAIL (India) Ltd, the nation’s largest gas distribution firm, on Friday announced a Rs 1,046.35 crore share buyback programme as it looked to return surplus…
President-elect Joe Biden will propose injecting $1.9 trillion into the US economy when he takes office next week, as evidence mounts that the recovery from…
New Delhi: Ahead of the upcoming union Budget, retailers’ body RAI on Friday urged the government for formulation and implementation of national retail policy and…
TOKYO: Oil prices fell on Friday as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data…
Finance Minister Nirmala Sitharaman is expected to present the Union Budget on February 1, this year. This year’s Budget will be of utmost importance as…
HCL Technologies on Friday reported strong earnings for the December quarter. The net profit of the company jumped 31 percent to Rs 3,982 crore as…
Gold ticked up on Friday as prospects of a substantial U.S. pandemic relief package boosted the metal’s appeal as an inflation hedge, while the Federal…
SHANGHAI/NEW YORK: Asian shares stumbled lower in afternoon trade on Friday, reversing earlier gains as rising COVID-19 cases in China reinforced investor concerns over the…
TOKYO: Oil prices were lower on Friday as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import…
Snapdeal, one of India’s largest e-commerce platforms, along with four Indian shopping complexes, two of them in New Delhi alone, have figured in the latest…
SHANGHAI/NEW YORK: Asian shares edged up near record highs on Friday after U.S. President-elect Joe Biden proposed a $1.9 trillion stimulus plan to jump-start the…
Both the BSE Sensex and NSE Nifty closed moderately high on Thursday. However, on January 15 (Friday) the Indian stock market might open with lower…
BRUSSELS: The COVID-19 pandemic is increasing economic imbalances in the euro zone, the European Commission will tell the bloc’s finance ministers on Monday, but reforms…
TOKYO: Oil prices were mixed on Friday as strong import data from China, the world’s biggest crude importer, that boosted sentiment earlier ran into concerns…
NEW YORK: Asian shares rose on Friday, brushing off a late Wall Street dip as expectations of large U.S. stimulus under President-elect Joe Biden shored…
WASHINGTON: The Trump administration in its waning days took another swipe at China and its biggest firms on Thursday, imposing sanctions on officials and companies…
NEW YORK: World stocks indexes climbed to record levels and U.S. bond yields edged higher on Thursday as investors focused on U.S. President-elect Joe Biden’s…
NEW YORK: Stocks that moved heavily or traded substantially Thursday: First Republic Bank, down $3.21 to $158.04. The private banking and wealth management company reported…
Airlines and airports say they are stepping up security before next week’s presidential inauguration, with Delta, United and Alaska saying they will prohibit passengers flying…
DETROIT: The U.S. government’s road safety agency wants to update its ratings system for vehicle safety to include testing of some new advanced driver-assist systems…
Airbnb Chief Executive Officer Brian Chesky on Thursday predicted travel would permanently change due to the pandemic with people seeking out thousands of smaller cities…
WASHINGTON: The number of Americans filing first-time applications for unemployment benefits surged last week, confirming a weakening in labor market conditions as a worsening COVID-19…
NEW YORK: General Electric Co accused a Siemens Energy AG subsidiary of using stolen trade secrets to rig bids for lucrative contracts supplying gas turbines…
WASHINGTON: Federal Reserve Chair Jerome Powell sought Thursday to tamp down any concerns that the Fed might soon withdraw some of its support for the…
DETROIT: Toyota will pay $180 million to settle U.S. government allegations that it failed to report pollution control system defects in its vehicles for a…
WASHINGTON: Toyota Motor Corp settled a lengthy Justice Department civil probe into its delayed filing of emissions-related defect reports for $180 million, the government said…
American Airlines plans to offer COVID-19 vaccines to its employees at medical clinics at its hub airports once they are available, with inoculation for Chicago-based…
WASHINGTON/CHICAGO: Major U.S. airlines are stepping up security measures ahead of next week’s presidential inauguration after supporters of President Donald Trump disrupted some flights following…
Already ravaged by Ockhi Cyclone and two consecutive floods during the previous years, Kerala has suffered a revenue loss of Rs 1.56 lakh crore due…
WASHINGTON: The number of Americans filing first-time applications for unemployment benefits surged last week, confirming a weakening in labor market conditions as a worsening COVID-19…
LOS ANGELES: The long period of record-low rates on home loans could soon be over. Long-term bond yields, which can influence interest rates on mortgages…
TOKYO: Carlos Ghosn hid part of his compensation at Nissan because he feared the French government would force him out of Renault if it discovered…
WASHINGTON: The number of people seeking unemployment aid soared last week to 965,000, the most since late August and evidence that the resurgent virus has…
The Trump administration on Thursday will offer the oil and gas industry a final chance to secure federal acreage before the inauguration of President-elect Joe…
Finance Minister Nirmala Sitharaman is expected to present the Union Budget on February 1, 2021. The Lok Sabha Secretariat in a statement said the fifth…
BERLIN: Germany’s economy shrank by 5.0% in 2020, less than expected and a smaller contraction than during the global financial crisis, as unprecedented government rescue…
PARIS/LONDON: For a year expected to mark a turning point for pandemic-stricken European airlines, 2021 is off to a rough start. A resurgence of COVID-19…
TAIPEI: Taiwan Semiconductor Manufacturing Co Ltd (TSMC) posted its best-ever quarterly profit and hiked revenue and capital spending estimates to record levels as it forecast…
LONDON: Oil prices dipped on Thursday as bullish signals from Chinese import data and U.S. crude oil stocks draws were outweighed by surging coronavirus cases…
Unilever, the British multinational company, headquartered in London has announced that it’s workers will never return to their desks full-time in light of the Covid-19…
The countdown for the Union Budget 2021 has started with all eyes on Union Finance Minister Nirmala Sitharaman’s third budget, which she will be presenting…
Petrol and diesel prices on Thursday were hiked by 25 paise per litre each, the second straight day of increase in rates that took the…
SINGAPORE: Oil prices edged higher on Thursday after a drawdown in U.S. crude stocks for a fifth straight week and robust data from China showing…
PARIS: French automaker Renault on Thursday hiked its cost savings target by 500 million euros ($608 million) to 2.5 billion euros by 2023, and set…
BEIJING: Chinese exports grew more than expected in December, customs data showed on Thursday, as coronavirus disruptions around the world fuelled demand for Chinese goods…
DENVER: Oskar Sundqvist scored twice and blocked four shots, Jordan Binnington made 26 saves and the St. Louis Blues beat the Colorado Avalanche 4-1 on…
Information technology (IT) services major Infosys and software services company Wipro reported soaring quarterly results on Wednesday mainly because of the increase in demand for…
Bengaluru has emerged as the world’s fastest-growing mature tech ecosystem in the world since 2016, followed by the European cities of London, Munich, Berlin and…
Shares were mostly higher Thursday in Asia as traders waited to see details of President-elect Joe Bidens plan for helping the economy recover from the…
BEIJING: Chinese exports grew more than expected in December, customs data showed on Thursday, as coronavirus disruptions around the world fuelled demand for Chinese goods…
Huawei Chief Financial Officer Meng Wanzhou received multiple death threats, including bullets in the mail, while under house arrest in Vancouver, a Canadian court heard…
BEIJING: Chinas exports rose in 2020 despite pressure from the coronavirus pandemic and a tariff war with Washington, boosting its politically volatile trade surplus to…
SINGAPORE: Oil prices eased for a second day on Thursday as mounting coronavirus cases globally raised demand concerns, although a drawdown in U.S. crude stocks…
Asian equities made early trading gains on Thursday after a mixed session Wall Street buoyed by expectations of a U.S. stimulus package even as political…
DETROIT: Tesla Inc. is balking at recalling about 159,000 vehicles with potentially defective touch screens, so U.S. safety regulators are moving to force the company…
DETROIT: The number of people killed on the nation’s highways rose 4.6% in the first nine months of 2020 despite coronavirus lockdowns that curtailed driving…