Walmart is launching a new membership service for shoppers this month that it hopes can compete with Amazon Prime.Bharti Infratel Ltd will go ahead with its longdelayed merger with Indus Towers, the telecom infrastructure firm said on Tuesday.
Asian stocks edged higher on Tuesday after strong readings on China's vast manufacturing sector offset the weak lead from a softer Wall Street session.
Gold prices rose on Tuesday to their highest level in nearly two weeks, as the dollar slipped to multiyear lows on bets that U.S. interest rates would stay lower for a longer period after the Federal Reserve's new policy framework.
US President Trump has said a vaccine for the novel coronavirus could be available before the November 3 presidential election, much sooner than most experts anticipate.
China's factory activity expanded at the fastest clip in nearly a decade in August, bolstered by the first increase in new export orders this year as manufacturers ramped up production to meet rebounding demand, a private survey showed on Tuesday.
Japanese firms slashed spending on plant and equipment by the most in a decade in the second quarter, the government said on Tuesday, suggesting the economy will take a protracted period to fully rebound from the coronavirusinduced slump.Mexico on Monday said it had "deferred" issuing a decision over a tender for a section of the "Mayan Train" rail project, a major government infrastructure initiative in which a consortium that includes BlackRock was the sole bidder.
The governing body in charge of London's financial district is asking for views on whether to take down statues and other landmarks with historic links to slavery and racism, as part of its response to the Black Lives Matter movement.
Asian factories continued to shake off the coronavirusinduced gloom in August as more bright signs in China raised hopes of a firmer recovery in global demand, reducing pressure on policymakers to take more radical steps to avert a deeper recession.
Delta Air Lines and American Airlines said on Monday they are permanently dropping domestic change fees, mirroring an announcement by rival United Airlines on Sunday in a push to woo back travelers.
While the S&P boasted its steepest August percentage gain in more than three decades it ended Monday lower as investors took a pause although the Nasdaq rallied thanks to highflying stocks including Apple Inc .
The Gross Domestic Product (GDP) data for the first quarter of the ongoing financial year said that the country witnessed its worst contraction ever. India’s GDP for the April-June quarter nosedived by 23.9%, as per provisional estimates.
U.S. President Donald Trump's administration took new steps to curb steel imports from Brazil and Mexico on Monday, boosting protections for battered U.S. steelmakers and jobs in the election battleground states of Pennsylvania, Ohio and Michigan.Brazil allowed a nontariff quota for ethanol imports to expire on Monday, which will result in U.S. producers having to pay a 20% tariff unless the Brazilian government takes new action.
Berkshire Hathaway Inc's $6.2 billion (4.6 billion pounds) foray into Japan's five largest trading houses may signal billionaire Warren Buffett's expectation that inflation and a falling U.S. dollar may make international equities more attractive when economies worldwide recover from the coronavirus pandemic. Berkshire said late Sunday, on Buffett's 90th birthday, it owned just over 5% of each of Itochu Corp , Marubeni Corp , Mitsubishi Corp , Mitsui & Co Ltd and Sumitomo Corp , and said it could increase its stakes to 9.9%.
AstraZeneca Plc said on Monday it has begun enrolling adults for a U.S.funded, 30,000subject latestage study of its high profile COVID19 vaccine candidate.
It is very likely that the GDP numbers could get revised further downward going forward due to challenges in data collection during the lockdown months.
South Korea's leftleaning government unveiled plans on Tuesday to increase spending aggressively for the next few years, to safeguard jobs and boost welfare for an economy hit by the coronavirus, taking public finances further into the red.
Japanese firms cut spending on plant and equipment by the most in a decade in the second quarter, the government said on Tuesday, as the coronavirus pandemic delivered a heavy blow to business activity.
Japan's factory activity contracted at the slowest pace in six months in August, reducing some of the heat on policymakers pressured to take more radical steps to prevent the economy from sliding deeper into recession.
Asian stocks were set to weaken on Tuesday following a softer Wall Street close while the dollar slipped as markets digested new Federal Reserve comments that suggested rates will stay low for an extended period.A look at some of the key business events and economic indicators upcoming this week:
The BSE Sensex was trading 520.67 points or 1.32 per cent higher at 39,987.98; while the NSE Nifty was up 141.05 points or 1.21 per cent at 11,788.65.
Reserve Bank of India Governor Shaktikanta Das told the Financial Times https://on.ft.com/3gE9RGZ newspaper that he does not think there will be stagflation and that the consumer inflation should moderate.
Gold prices climbed to their highest level in nearly two weeks on Monday, as the dollar weakened and the U.S. Federal Reserve's new policy framework suggested that interest rates would remain low for some time.
Asian stock markets rose Monday after Wall Street turned in its fifth straight weekly gain and Chinas manufacturing growth held steady.
Many observers fear that intransigent US positions could paralyse the WTO process of designating a new director general, leaving the organisation leaderless for the foreseeable future.
Chinas manufacturing activity held steady in August as domestic demand helped to offset weaker orders from exports markets that are struggling with the coronavirus pandemic, a survey showed Monday.
Investment bank HSBC expects China’s economy would grow by 5.4% in the third quarter year-on-year, followed by a 6.2% expansion in the fourth quarter, returning China’s growth to pre-COVID levels.
British finance minister Rishi Sunak urged diners on Monday to keep going out to eat as a popular government scheme offering halfprice food in restaurants this month drew to a close.
Economists in a Reuters poll predicted that gross domestic product in world's fifth-largest economy will contract by 18.3% in the June quarter, compared to 3.1% growth in the previous quarter, the worst performance in at least eight years. The same economists predict a contraction of 8.1% and 1.0% in the September and December quarters respectively, which would dash any hopes of an economic recovery this year.
Berkshire Hathaway Inc said it has acquired slightly more than 5% of the shares in five large Japanese companies, marking a departure for Chairman Warren Buffett as he looks outside the United States to bolster his conglomerate.
Japan's factory output rose in July at the fastest pace on record, driven by automobiles and car parts, signaling a gradual recovery from the blow delivered by the coronavirus pandemic.
Asian shares notched a 29month high on Monday as investors wagered monetary and fiscal policies globally would stay super stimulatory, while an upbeat reading on China's service sector augured well for continued recovery there.
French water and waste firm Veolia is offering to buy a 29.9% stake in its smaller peer Suez from French gas and power utility Engie for 2.9 billion euros, saying it aims to create a "world champion of ecological transformation".
Mainland Chinese investors are scouring Hong Kong's commercial property market for bargains after prices plunged 30%, signalling a new wave of demand following antigovernment protests last year that kept a lid on investment activity.
All retailers in England will charge for singleuse plastic carrier bags from next April with the price doubling to 10 pence ($0.13), the government said on Monday as it stepped up efforts to reduce plastic waste.Japan will likely see more financial tieups that extend beyond traditional boundaries similar to those signed between internet banking giant SBI Holdings Inc and regional banks, the country's senior financial regulator said.
Japan's factory output rose for a second straight month in July, signalling a gradual recovery from the blow delivered by the coronavirus pandemic.
Berkshire Hathaway Inc said it has acquired slightly more than 5% of the shares in five large Japanese companies, marking a departure for Chairman Warren Buffett as he looks outside the United States to bolster his conglomerate.
China's factory activity grew at a slower pace in August as floods across southwestern China disrupts production while smaller firms continued to struggle, potentially tempering a robust recovery for the economy from the coronavirus shock.
Gold prices rose on Monday to their highest level in nearly two weeks, as demand was boosted by a weaker dollar and the U.S. Federal Reserve's new policy framework suggested that interest rates would remain low for some time.
Oil prices nudged up on Monday, with Brent futures set to post a fifth straight monthly gain, as global stimulus measures underpin prices even as demand struggles to return to preCOVID levels in a well supplied market.
Asian shares notched a fresh twoyear high on Monday as investors wagered monetary and fiscal policies globally would stay super stimulatory for a protracted period, keeping the safehaven dollar on the defensive.
United Airlines says it listened to customers and is dropping an unpopular $200 fee for most people who change a ticket for travel within the United States.
The Central Board of Direct Taxes (CBDT), in a circular on 'imposition of charge on the prescribed electronic modes under section 269SU of I-T Act', also advised banks not to impose any charges on any future transactions carried out through these modes.
These Indian firms relate to sectors including hospitality, food delivery, IT, logistics, payment applications, e-commerce travel, transport, pharmaceuticals, insurance, share market, healthcare, eye care, play applications and others.
Union Minister Jitendra Singh said this would also address the frequent problem of loss or misplacement of original PPOs by some pensioners and the subsequent hassles and misery.
