SoftBank-backed Used-car Startup Kavak Becomes First Mexican Unicorn

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,...

Factbox: Chronology Of Major System Glitches At Tokyo Stock Exchange

Share trading in Japan was suspended for the entire day on Thursday after the Tokyo Stock Exchange suffered its worst technical outage in history. from Top Business...

Gold Firms On Dollar Slide, U.S. Stimulus Hopes

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. from...

U.S. Proposes $1.5 Trillion Stimulus, $20 Billion Aid Extension For Airlines

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...

Sensex Rallies Over 450 Points in Early Trade, Nifty Tops 11,350

According to traders, domestic equities opened on a strong note following positive cues from US equities amid thin trade in other Asian markets. from Top Business...

Gold Price up by Rs 10, Reaches Rs 49,960; Silver Plunges by Rs 1,000

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...

U.S. Oil Refiner Marathon Petroleum Cuts 12% Of Staff Because Of Pandemic

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...

Housing Crisis Under New Zealand Election Scanner As Kiwis Miss Out On Dream

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. from...

Global Shares Extend Gains On U.S. Stimulus, Upbeat Data

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...

Oil Holds Steady On Hopes For U.S. Stimulus Agreement

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...

Housing Crisis Under New Zealand Election Scanner As Kiwis Miss Out On Dream

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. from...

Exclusive: Hygo Postpones IPO, May Scrap Listing After CEO Named In Brazil Probe - Sources

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...

Silver Lake Co-investors Buy Additional Stake in Reliance Retail for Rs 1,875 Crore

Silver Lake, whose portfolio includes stakes in Airbnb and Twitter Inc, has previously invested in Reliance's digital business. The latest investment values Reliance...

Moderna Says COVID-19 Vaccine Unlikely To Be Ready Before U.S. Election - FT

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...

U.S. Senate Passes Bill To Fund Government Through December 11 And Avert Shutdown

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...

U.S. Stocks Post Sharp Quarterly Gains, But Caution Continues To Dog Outlook

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...

More Than 7,500 Finance Jobs Have Left Britain For Europe - EY Brexit Tracker

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,...

Japan Business Sentiment Perks Up As Hit From Pandemic Begins To Ease

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...

Top U.S. Airlines Starting 32,000 Furloughs As Bailout Hopes Fade

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...

Tokyo Trading Stops Over System Failure, China On Holiday

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...

American Airlines Starting 19,000 Furloughs As Bailout Hopes Fade

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...

Global Housing Markets Face Tougher Year In 2021 - Reuters Poll

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...

Asian Shares Set For Bouncy Session After Wall Street Gains, Weak Dollar

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,...

Gold Slips As Dollar Firms After Trump, Biden Face Off

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...

Ally Of Japan PM Urges More Fiscal, Monetary Stimulus To Boost Virus-hit Economy

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...

Gold Price Reaches Rs 50,010, Silver Increases by Rs 1,800 to Rs 62,500

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...

Sensex, Nifty Turn Choppy in Volatile Trade amid Mixed Cues from Global Markets

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...

China Data Lifts Asian Stocks But Caution Returns After Chaotic Debate

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...

Alibaba Cloud Division to be Profitable Within 2021, to Invest $29 Billion in 3 Years, Says Finance Officer

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. from...

Walmart Looks To Airports As Inspiration Of New Store Layout

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...

Survey: China's Factory, Export Activity Gain In September

Chinas factory activity accelerated in September, adding to a gradual recovery from the coronavirus pandemic, a government survey showed Wednesday. from Top Business...

General Atlantic to Invest Rs 3,675 Crore in Reliance Retail as RIL Seals Third Mega Deal This Month

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...

CureVac Plans Global Late-stage COVID-19 Vaccine Trial In Fourth Quarter

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...

JPMorgan To Pay $920 Million For Manipulating Precious Metals, Treasury Market

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...

Fast Take: A Rise In Consumer Confidence Could Boost Vote For Trump

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...

Lonza Confident Of 2020 Target For Moderna COVID-19 Vaccine Supply

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,...

GlaxoSmithKline CEO Optimistic COVID-19 Vaccine Widely Available In 2021

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...

Money Market Turmoil In March Shows Past Reforms May Be Insufficient - U.S. Treasury Official

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...

Moderna COVID-19 Vaccine Appears Safe, Shows Signs Of Working In Older Adults - Study

Results from an early safety study of Moderna Inc's coronavirus vaccine candidate in older adults showed that it produced virusneutralizing antibodies at levels...

WTO Backs EU Tariffs On $4 Billion U.S. Goods Over Boeing Subsidies - Sources

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...

Regeneron Says Its COVID-19 Treatment Reduces Viral Levels, Improves Symptoms

Regeneron Pharmaceuticals Inc on Tuesday said its experimental twoantibody cocktail reduced viral levels and improved symptoms in nonhospitalized COVID19 patients,...

Oil Drops Second Day As Surging Coronavirus Cases Prompt Demand Worries

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...

Exclusive: Rosneft, Aramco Unlikely To Bid For BPCL Stake - Sources

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...

Exclusive: Rosneft, Aramco Unlikely To Bid For BPCL Stake - Sources

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...

Asian Markets Dip As Investors Brace For U.S. Presidential Debate

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...

World Bank Seeks Board Approval For $12 Billion Coronavirus Vaccine Financing Plan

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...

Cathay Pacific Pilots Push For Seat At Table For Restructuring Talks

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...

Oil Falls As Demand Worries Counter U.S. Stimulus Hopes

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....

Gold Nudges Up As Dollar Tepid Ahead Of Trump-Biden Debate

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...

Gold Prices Witness a Rise of Rs 10, Touches Rs 49,260, Silver Reaches Rs 60,400 per kg

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...