SoftBankbacked usedcar platform Kavak has become Mexico's first tech "unicorn" after reaching a $1.15 billion valuation in its latest funding round last month, Chief Executive Carlos Garcia told Reuters.Share trading in Japan was suspended for the entire day on Thursday after the Tokyo Stock Exchange suffered its worst technical outage in history.Gold prices edged higher on Thursday as a softer dollar and signs of progress in negotiations over fresh U.S. stimulus measures bolstered the metal's appeal.The Trump administration has proposed including a $20 billion extension in aid for the battered airline industry in a new stimulus proposal to House Democrats worth over $1.5 trillion, White House chief of staff Mark Meadows said on Wednesday.
According to traders, domestic equities opened on a strong note following positive cues from US equities amid thin trade in other Asian markets.
In Delhi and Mumbai, 24-carat gold is coming at a price of Rs 53,680 per 10 gram and Rs 49,960 per 10 gram, while 22-carat yellow metal can be purchased at Rs 49,210 per 10 gram and Rs 48,960 per 10 gram.Marathon Petroleum Corp, the top U.S. oil refiner, is cutting 12% of its workforce amid continued declines in fuel consumption due to the COVID19 pandemic, it said on Wednesday.Chris Rodley says the New Zealand coastal city of Nelson, in a region known for its vineyards and stunning landscapes, has always been a magnet for job seekers.Global shares tried to extend gains on Thursday on renewed hopes for fresh U.S. stimulus measures, but mounting uncertainty ahead of America's presidential election kept gains in check.Oil prices were little changed in early trade on Thursday after U.S. lawmakers postponed a vote on a $2.2 trillion coronavirus relief package in hopes of reaching a bipartisan deal, while rising infections fuelled demand fears.Chris Rodley says the New Zealand coastal city of Nelson, in a region known for its vineyards and stunning landscapes, has always been a magnet for job seekers.Liquefied natural gas firm Hygo Energy Transition Ltd has postponed its planned New York initial public offering for several weeks and may scrap the listing entirely after its CEO was named in the early stages of a corruption investigation in Brazil, two sources familiar with the matter said.
Silver Lake, whose portfolio includes stakes in Airbnb and Twitter Inc, has previously invested in Reliance's digital business. The latest investment values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore, RIL said in an exchange filing.Moderna Inc will not be ready to apply for emergency authorization for its potential COVID19 vaccine before the U.S. presidential election in November, the Financial Times reported on Wednesday, citing the company's chief executive officer.The U.S. Senate approved on Wednesday a temporary funding bill to keep the government open through Dec. 11, sending the measure to President Donald Trump for signing into law.U.S. stocks closed out a second consecutive quarter with sharp gains on Wednesday, but risks remain for stocks because the looming U.S. presidential election and mounting coronavirus cases could make investors cautious.More than 7,500 finance jobs and a trillion pounds in assets have already left Britain for the European Union as banks prepare for fullblown Brexit in January, EY consultants said on Thursday.Japanese business sentiment improved in JulySeptember from a 11year low hit three months ago, a key central bank survey showed, in a sign the economy is gradually emerging from the devastating hit from the coronavirus pandemic.American Airlines and United Airlines, two of the largest U.S. carriers, said they were beginning furloughs of over 32,000 workers on Thursday as hopes faded for a lastminute bailout from Washington.
Trading on the Tokyo Stock Exchange was suspended Thursday because of a problem in the system for relaying market information. Most other Asian markets were closed for national holidays.American Airlines said it would begin furloughs of 19,000 workers on Thursday, and a large union said other carriers would follow, as hopes faded for a lastminute bailout from Washington.Most major housing markets won't keep up with consumer price inflation in 2021 and are faced with multiple downside risks despite rising strongly this year amid the coronavirus pandemic and rockbottom interest rates, Reuters polls showed.Asian equities were poised for a bouncy session on Thursday after U.S. stocks posted a second consecutive quarter of gains and safehaven assets, including the dollar, were mixed.Gold dipped on Wednesday as the dollar ticked up after Republican President Donald Trump and Democratic rival Joe Biden sparred in the first U.S. presidential debate ahead of the Nov. 3 election.Japan should keep selling government bonds to the central bank to pay for the cost of reflating the economy out of a pandemicinduced slump, an academic close to new Prime Minister Yoshihide Suga said.
In Delhi, 22-carat and 24-carat gold are today coming at a price of Rs 48,910 per 10 gram and Rs 53,360 per 10 gram. The prices of 22-carat and 24-carat yellow metal stand at Rs 49,010 per gram and Rs 50,010 per 10 gram in Mumbai.IndusInd Bank was the top loser in the Sensex pack, shedding around 2 per cent, followed by ICICI Bank, Axis Bank, SBI, PowerGrid, NTPC and HDFC Bank. On the other hand, Sun Pharma, ONGC, M&M and HUL were among the gainers.Asian shares crept higher on Wednesday after data showed China's economic recovery gathering steam, but a chaotic first U.S. presidential debate between President Donald Trump and Democrat Joe Biden weighed on the mood.
The company, a dominant player in China’s cloud market, is fending off challenge from domestic rival Tencent which is also trying to capture cloud business opportunities.Walmart is getting inspiration from the airport terminal as it revamps the layout and signage of its stores to speed up shopping and better cater to smartphonearmed customers.Chinas factory activity accelerated in September, adding to a gradual recovery from the coronavirus pandemic, a government survey showed Wednesday.
General Atlantic will pick up a 0.84 per cent stake in exchange and the deal values Reliance Retail at a pre-money equity value of Rs 4.28 lakh crore, RIL said in an exchange filing on September 30.Germany's CureVac NV said on Tuesday it has started a midstage study testing its experimental coronavirus vaccine and plans to begin a decisive global trial with about 30,000 volunteers in the fourth quarter.JPMorgan Chase & Co has agreed to pay more than $920 million and admitted to wrongdoing to settle federal U.S. market manipulation probes into its trading of metals futures and Treasury securities, the U.S. authorities said on Tuesday.Voters are feeling more optimistic about the economy as they weigh their choices in the upcoming U.S. presidential election, which could give President Donald Trump a boost in his battle against Democratic presidential nominee Joe Biden, who leads in the polls.Lonza is confident that U.S. and Swiss plants it is building to help make Moderna's COVID19 vaccine candidate will be ready for commercial production this year, executives at the Swiss company said on Tuesday.The chief executive of GlaxoSmithKline, the world's largest maker of vaccines, said she was optimistic the industry will be able to make an immunisation against COVID19 widely available next year.Turmoil in money market mutual funds sparked by the coronavirus pandemic shows that decadeold reforms to the $4.4 trillion industry may not be enough to avert major outflows during a future crisis, Deputy U.S. Treasury Secretary Justin Muzinich said on Tuesday.Results from an early safety study of Moderna Inc's coronavirus vaccine candidate in older adults showed that it produced virusneutralizing antibodies at levels similar to those seen in younger adults, with side effects roughly on par with highdose flu shots, researchers said on Tuesday.The World Trade Organization has authorized the European Union to impose tariffs on U.S. goods worth $4 billion (£3.11 billion) to retaliate against subsidies for American planemaker Boeing Co, people familiar with the matter said.Regeneron Pharmaceuticals Inc on Tuesday said its experimental twoantibody cocktail reduced viral levels and improved symptoms in nonhospitalized COVID19 patients, enhancing its chances of becoming a treatment for the disease that has killed over a million people worldwide.Oil prices fell for a second day on Wednesday, extending big losses from the previous session amid rising concerns about fuel demand as the coronavirus pandemic worsens.Rosneft and Saudi Aramco are unlikely to bid in the privatisation of Indian refiner Bharat Petroleum Corp, sources familiar with the matter said, as low oil prices and weak demand curb their investment plans.Rosneft and Saudi Aramco are unlikely to bid in the privatisation of Indian refiner Bharat Petroleum Corp, sources familiar with the matter said, as low oil prices and weak demand curb their investment plans.Asian shares slipped and the dollar was under pressure on Wednesday in the lead up to the first U.S. presidential debate, as financial markets looked to take a measure of both candidates.World Bank President David Malpass said on Tuesday he is seeking board approval for a $12 billion (£9.33 billion) coronavirus vaccine financing plan to help poor and developing countries secure a sufficient share of vaccine doses when they become available in the coming months.Pilots at Hong Kong's Cathay Pacific Airways Ltd are pushing to be included in restructuring talks at the carrier and will run a newspaper advertisement to drum up public support, a union representing them told Reuters on Tuesday.Oil prices fell on Tuesday, paring gains from the previous session, as persistent demand concerns due to the coronavirus pandemic outweighed hopes for a new U.S. stimulus package.Gold prices edged up on Tuesday as the U.S. dollar retreated from a twomonth high, with investors looking forward to the first U.S. presidential debate and developments on a new U.S. coronavirus relief bill.In Delhi and Mumbai, the price of 22-carat gold is Rs 48,360 per 10 gram and Rs 48,260 per 10 gram, while 24-carat can be purchased at Rs 52,750 per 10 gram and Rs 49,260 per 10 gram.
