Global investors drive record inflows into Chinese bonds in July

Foreign investors made record net purchases of Chinese bonds traded through the country's Bond Connect programme in July, boosted by record yield premiums over...

Chile's Pinera offers new stimulus spending, warns against populism

Chile's President Sebastian Pinera announced $4.5 billion in additional stimulus spending to help soften the blow of the pandemic and warned against a drift toward...

Gaursons Chairman's Son Held for Cheating Bank of Baroda, Syndicate Bank of Rs 80 Crore: CBI

The Bank of Baroda has alleged in a complaint that Rs 80 crore was disbursed by the banks, but the project was left in the lurch in its initial stages, the officials...

Chevron posts $8.3 billion loss on writedowns, job cuts

Chevron Corp on Friday reported an $8.3 billion quarterly loss, its largest in at least three decades, and joined rival oil producers in writing down billions of...

Preparing for Ahead: Sanofi in Talks With EU for Supply of 300 Million Doses of Experimental Covid-19 Vaccine

Armed with an emergency fund of more than 2 billion euros (£1.80 billion), the European Commission wants to strike deals with up to six drugmakers for their vaccines...

EU in talks to secure Sanofi deal for coronavirus vaccine

Sanofi SA and GlaxoSmithKline Plc on Friday said they are in advanced discussions to supply up to 300 million doses of an experimental COVID19 vaccine for the 27country...

Wall Street Weekahead: After monster rally, investors cautious as U.S. recovery wobbles

Investors are preparing their portfolios for a potentially rocky patch in U.S. stocks, worried that a dramatic rebound in equities may stall amid dimming economic...

Over half of furloughed UK staff back at work, think tank estimates

More than half of the roughly 9 million British employees who were put on furlough during the coronavirus lockdown have already returned to work, the Resolution...

Trump says will ban TikTok amid pressure on Chinese owner to sell

President Donald Trump said on Friday he would sign an executive order as soon as Saturday to ban TikTok in the United States, ratcheting up the pressure on the...

Chinese gold discounts hit record as pandemic hammers physical demand

Chinese gold dealers were forced to offer the steepestever discounts this week as physical demand plunged, while the Indian market flipped to a premium again. from...

Caterpillar posts 70% fall in quarterly earnings

Caterpillar Inc on Friday reported a betterthanfeared 70% fall in secondquarter earnings as the pandemic made customers wary of big purchases. from Top Business...

Eight Core Industries' Output Contracts 15% in June Due to Fall in Production

Barring fertiliser, all seven sectors -- coal, crude oil, natural gas, refinery products, steel, cement, and electricity -- had recorded negative growth in May. from...

Global Markets: European shares rebound from lows, euro set for best month in a decade

European shares recovered from their lowest levels in a month on Friday, as investors looked past a severe economic contraction in the euro zone and on to company...

Retail Inflation for Industrial Workers Eases to 5.06 Percent in June

Food inflation stood at 5.49 per cent in June 2020 as against 5.88 per cent in the previous month and 5.47 per cent during the corresponding month a year ago from...

Fiat Chrysler posts lower-than-expected operating loss in second quarter

Italian American automaker Fiat Chrysler posted a smallerthanexpected operating loss in the second quarter, as it managed to contain negative effects of the COVID19...

Raw sugar seen posting annual loss as surplus looms: Reuters poll

Raw sugar futures look set to end this year near current levels but post an annual loss as the COVID19 pandemic buoys supply and dents demand, a Reuters poll of...

Oil set for fragile recovery as economies limp towards normal: Reuters poll

Oil prices are set for a slow crawl upwards this year as the gradual easing of coronavirusled restrictions buoy demand, although a second COVID19 wave could slow...

Sensex, Nifty Post First Weekly Fall in Over a Month, Reliance Drags

The NSE Nifty 50 index fell 0.26% to 11,073.45 and the S&P BSE Sensex dropped 0.34% to 37,606.89. For the week, the NSE and BSE indexes slid for the first time...

Morning glories and mustard: U.S. investigates unsolicited seed mystery

The U.S. Agriculture Department has identified more than a dozen plant species ranging from morning glories to mustard in bags of unsolicited seeds arriving in...

U.S. to pay $2.1 billion to Sanofi, GSK, in COVID-19 vaccine deal

The U.S. government will pay $2.1 billion to Sanofi SA and GlaxoSmithKline Plc for COVID19 vaccines to cover 50 million people and to underwrite the drug makers'...

Chevron posts quarterly loss on more than $5 bln charges due to oil downturn

Chevron Corp posted a quarterly net loss on Friday, as the second largest U.S. oil producer took charges of $5.2 billion due to a collapse in oil prices due to...

Coronavirus hits Caterpillar's quarterly earnings

Caterpillar Inc on Friday reported lower secondquarter earnings as the recession sparked by the coronavirus pandemic made customers wary of big purchases, crimping...

Skoda's first-half deliveries fall 31%, sees steady markets ahead

Skoda Auto sees signs of recovery after firsthalf deliveries crashed 31% amid coronavirus lockdown measures, the Czech carmaker owned by Volkswagen said on Friday. from...

Gold heads for biggest monthly gain since January 2012 on rush to safety

Gold rose on Friday and headed for its biggest monthly gain in 81/2 years as the impact of the worsening coronavirus pandemic on the U.S. economy hammered the dollar,...

102 tonnes of gold changing hands on CME's biggest ever delivery day

Traders on CME Group's Comex exchange in New York said on Thursday they would deliver 102 tonnes of gold to holders of expiring futures contracts, in the biggest...

Swiss court convicts banker for turning blind eye to 1MDB funds

A Swiss court has convicted a banker for failing to sound the alarm over millions of dollars linked to scandaltainted Malaysian sovereign wealth fund 1MDB. from...

SBI Reports 81% Surge in Quarterly Profit, Provisions for Bad Loans Drop

Indian lenders are bracing for a surge in bad loans in a pandemic-ravaged economy, with the central bank's relief measures including deferments of loan and interest...

Rupee Rises 15 Paise to 74.69 against US Dollar in Early Trade Tracking Weakness in Greenback

Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 207.30 crore on Thursday, according to provisional exchange...

Sensex Declines Over 100 Points in Early Trade Tracking Losses in HDFC, RIL; Nifty Slips Below 11,100

The BSE Sensex was trading 116.84 points or 0.31 per cent lower at 37,619.23; while the NSE Nifty was down 27.70 points or 0.25 per cent at 11,074.45. from Top...

GST Compensation: Centre Could Borrow to Pay States as Raising Taxes May be Counter-productive

Economists say raising tax rates under GST may impact overall demand and the only option out of the current stalemate is for the Centre to raise its borrowings...

Gilead Sciences Raises 2020 Sales Outlook to Include Covid-19 Treatment Remdesivir

Gilead said it expects total 2020 sales of $23 billion to $25 billion, up from its previous range of $21.8 billion to $22.2 billion. from Top Business News- News18.com...

Bold Govt Reform That Triggers Animal Spirits Needed for Indian Economy: Raghuram Rajan

Rajan said that because of the slide in the growth over the last few years, India entered the current crisis in a more "debilitated" state as compared to its peers. from...

Global stocks fall as Fed's pledge relief rally fades

Global shares fell on Thursday as the Federal Reserve's pledge to use all its tools to support the U.S. economy failed to reassure investors uneasy about a stalemate...

Malaysia's AirAsia X falls to first-quarter loss on pandemic impact

Malaysia's AirAsia X Bhd fell to a net loss in its first quarter, a fourth straight quarterly loss as the pandemic slowed air travel demand. from Top Business...

Travel company TUI to shut 166 stores in UK and Ireland

Travel company TUI said it will shut 166 stores in the UK and Ireland in response to the downturn in travel caused by the coronavirus pandemic, in a move which...

Yum's quarterly results beat on pizza, taco cravings during lockdown

Yum Brands Inc on Thursday beat Wall Street expectations for quarterly samerestaurant sales and profit, as consumers ordered more comfort foods such as pizzas and...

P&G forecasts higher profit as pandemic drives cleaning boom

Procter & Gamble Co forecast fullyear sales and profit above Wall Street expectations on Thursday, benefiting from a surge in demand for detergents and...

Virus-hit Economy on Recovery Path Piggy-riding Rural Rebound: HDFC Chief Deepak Parekh

Advising people not to get too perturbed with the forecasts of negative growth, he said the economy will recover for sure assuming that there are no further lengthy...

Hong Kong landlords downbeat on mall income, office rentals

Two big Hong Kong landlords gave a downbeat outlook on Thursday for commercial property in the Asian financial hub, saying they expect the pandemic and local factors...

82% Corporates Expect to Get Back to Pre-covid Revenue Growth by June 2021: Report

The report is based on a survey of 225 CXOs across industries to assess the impact of the COVID-19 crisis. from Top Business News- News18.com https://ift.tt/2...

SGX cautions on market activity after jump in fourth-quarter profit

Singapore Exchange Ltd (SGX) reported a rise of nearly 17% in net profit for the quarter ending in June, but cautioned that a recent surge in market activity amid...

Ex-Nissan executive Kelly to stand trial from September 15 - NHK

The trial of exNissan Motor Co executive Greg Kelly, who is charged with conspiring to underreport the income of its former chairman Carlos Ghosn, has been scheduled...

Gold retreats more than 1% as dollar halts slide

Gold fell more than 1% on Thursday as the dollar stalled its slide, with analysts saying bullion may face more resistance in its bid to breach the $2,000 level. from...

Sensex, Nifty Pare Early Gains as Stalled US Aid Talks Hit Global Sentiment

The NSE Nifty 50 index slid 0.9% to close at 11,102.15 and the benchmark S&P BSE Sensex dropped 0.88% to 37,736.07, dragged by banking and financial stocks. from...

Cigna profit gets boost from lower costs as patients delay surgery

Health insurer Cigna Corp beat quarterly profit estimates on Thursday, helped by lower medical costs from delayed surgeries and robust sales in its unit that includes...

Singapore Exchange fourth-quarter profit jumps 17% as trading volume climbs

Singapore Exchange Ltd (SGX) reported a nearly 17% increase in its net profit for the quarter ending in June as the bourse benefited from an increase in trading...

Singapore Exchange fourth quarter profit jumps 17% as trading volume climbs

Singapore Exchange Ltd (SGX) reported a nearly 17% increase in its net profit for the quarter ending in June as the bourse benefited from an increase in trading...

Britain's AstraZeneca Tops Estimates as Coronavirus Vaccine Hopes Persist

The company reiterated that it was on track with late-stage trials for its coronavirus vaccine, which could be rolled out by the year-end. from Top Business News-...

'Most Difficult Period in History': ArcelorMittal Reports Loss of 559 Mn Dollars in 2nd Quarter Amid Covid-19

The Luxembourg-headquartered integrated steel and mining company follows January-December fiscal year. Sales in April-June quarter were USD 11.0 billion, as compared...

Sensex Surges Over 200 Points in Early Trade, Nifty Tops 11,250 Tracking Positive Global Equities

The BSE Sensex was trading 207.12 points or 0.54 per cent higher at 38,278.25; while the NSE Nifty was up 71.35 points or 0.64 per cent at 11,274.20. from Top...