Business

U.S. crude oil stockpiles rose last week, ending a streak of inventory drawdowns, as refiners cut back crude processing due to Hurricane Laura, the Energy Information Administration said on Thursday.

AstraZeneca should still know by yearend whether its experimental vaccine protects people against coronavirus, as long as it is cleared to resume trials soon, its chief executive said on Thursday amid doubts over its rollout.

Oil futures on Wednesday clawed back some of the losses they sustained in the previous session, but a rebound in COVID19 cases in some countries undermined hopes for a steady recovery in global demand.

U.S. software company Astute has acquired Czechbased social media analytics firm Socialbakers, the companies said on Wednesday.

Mastercard is creating a platform to help central banks "virtually" test how digital currencies could be developed and used, the payments company said on Wednesday.

Luxury goods giant LVMH is ending its takeover deal of luxury jewellery retailer Tiffany & Co., citing in part the threat of proposed U.S. tariffs on French goods.

Renault might have to cut more costs than the 2 billion euros ($2.4 billion) in savings already planned to get back on its feet, the French carmaker's new Chief Executive Luca de Meo said in an internal memo seen by Reuters.

European stocks and U.S. futures advanced Wednesday after a day of losses in Asia following a sell-off of big technology stocks on Wall Street.

The gold rates in the last 10 days have been fluctuating quite a bit. It is only yesterday and today that the prices have dropped after increasing for two consecutive days.

Japan's currency in circulation and bank deposits rose at a record annual pace in August as companies and households continued to pile up cash to guard against the coronavirus driven income slump, central bank data showed on Wednesday.

AstraZeneca Plc on Tuesday said it has paused a latestage trial of one of the leading COVID19 vaccine candidates after an unexplained illness in a study participant.

India's largest commodity derivatives exchange, MultiCommodity Exchange of India Ltd (MCX), said it registered a 12year high in silver delivery on Tuesday.

However, it did not disclose the quantum of stake on offer in the Request for Proposal (RFP). Following this, a pre-bid meeting was held on September 4 with potential bidders.

Russia believes it is extremely important to quickly regain, or even raise, its oil market share once demand recovers, as it readies to build up its fleet of unfinished oil wells, Energy Minister Alexander Novak said.

British engineering company Meggitt cancelled its interim dividend on Tuesday as it posted a 37% drop in firsthalf profit after the coronavirus crisis hit its business supplying parts to aerospace manufacturers.

EU antitrust regulators have set a new Dec. 16 deadline for their decision on the London Stock Exchange's $27 billion takeover of data company Refinitiv after resuming their investigation into the deal.