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 U.S. debt.
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 populism as people take advantage of a new rule allowing them to dip into their pension funds.
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 said.
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 dollars in assets due to plunging demand for fuel.
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 for their 450 million citizens against the coronavirus that has killed 674,000 people worldwide.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 European Union.
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 data and rising political uncertainty.
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 Foundation think tank estimated on Saturday.
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 popular shortvideo app's Chinese owner to sell it.
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.
Caterpillar Inc on Friday reported a betterthanfeared 70% fall in secondquarter earnings as the pandemic made customers wary of big purchases.
Barring fertiliser, all seven sectors -- coal, crude oil, natural gas, refinery products, steel, cement, and electricity -- had recorded negative growth in May.
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 earnings, while the euro reached its highest in more than two years, set for its best month in a decade.
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
Italian American automaker Fiat Chrysler posted a smallerthanexpected operating loss in the second quarter, as it managed to contain negative effects of the COVID19 pandemic.
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 11 traders and analysts showed on Friday.
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 the pace of recovery, a Reuters poll showed on Friday.
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 since mid-June by 1.08% and 1.37%, respectively.
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 the mailboxes of thousands of Americans, mostly postmarked from China.
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' testing and manufacturing, the companies said on Friday.
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 the coronavirus pandemic and as related lockdowns decimated fuel demand.
Caterpillar Inc on Friday reported lower secondquarter earnings as the recession sparked by the coronavirus pandemic made customers wary of big purchases, crimping equipment sales.
Skoda Auto sees signs of recovery after firsthalf deliveries crashed 31% amid coronavirus lockdown measures, the Czech carmaker owned by Volkswagen said on Friday.
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, prompting investors to seek refuge in bullion.
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 oneday delivery on record.
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.
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 payments as well as low interest rates expected to hurt the health of banks.
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 data.
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.
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 and compensate the states in full.
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.
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.
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 on fiscal support and rising coronavirus cases.
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.
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 will lead to more losses in the battered sector.
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 tacos online while under coronavirus lockdowns, sending its shares about 2% higher.
Procter & Gamble Co forecast fullyear sales and profit above Wall Street expectations on Thursday, benefiting from a surge in demand for detergents and toilet paper as pandemic lockdowns prompt cleaning drives at homes.
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 and complete lockdowns in future.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 to continue to weigh on consumer spending and business for the rest of the year.
The report is based on a survey of 225 CXOs across industries to assess the impact of the COVID-19 crisis.
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 the coronavirus pandemic could start easing.
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 to start on Sept. 15, public broadcaster NHK said on Thursday.
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.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.
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 the Express Scripts pharmacy benefits business.
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 volume.
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 volume.
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.
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 to USD 19.3 billion in the corresponding period in 2019, the company said.
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.
