Business

Europe kept record high world share indices creeping forward on Thursday, while European Central Bank efforts to tame the euro lifted the dollar and government bond markets higher.

Recovering from the losses caused by the lockdown, the Uttar Pradesh government on Thursday said it has collected Rs 600 crore more revenue in August as compared to the yearago period. "Due to the COVID19 lockdown, there was a significant decline in the...

Route Mobile, a cloud communications service provider, will launch its initial public offering next week to raise an estimated Rs 600 crore, merchant banking sources said on Thursday. The public offer comprises a fresh issue worth Rs 240 crore and an o...

Europe kept record high world share markets marching forward on Thursday, while the dollar was in fightback mode and government bonds steadied after European Central Bank efforts to tame the euro.

Asian stock markets were mixed Thursday after Wall Street surged to its biggest daily gain since July despite uncertainty about the global outlook.

French drugmaker Sanofi and its British peer GSK have started a clinical trial for a proteinbased COVID19 vaccine candidate, as pharmaceutical companies race to develop treatments against the coronavirus pandemic.

Long positions on India's rupee were sharply raised to a threeyear high, a Reuters poll found, as the central bank cut back on dollarbuying, while a weaker greenback and encouraging economic recovery signs propped up bullish bets on other Asian currencie...

Oil prices edged up on Thursday, but held near multiweek lows hit overnight after U.S. data showed gasoline demand fell and recovery from the COVID19 pandemic was lagging.

Oil fell more than 2% on Wednesday, reversing early gains after a report showed gasoline demand fell in the United States in the latest week.

The government of Dubai sold $2 billion in dualtranche bonds on Wednesday, its first sale in public debt markets in six years, as it seeks to boost finances hit by the coronavirus crisis.

Argentina has gained breathing room after restructuring almost the entirety of $65 billion in foreign bonds, though it now faces a huge challenge to revive growth and repair government finances before the oxygen runs out.

Switzerland's financial supervisor has opened enforcement proceedings against Credit Suisse over a spying scandal that led to the ousting of former Chief Executive Tidjane Thiam and tarnished its reputation.

Sales of Lego jumped 14% in the first six months of the year as families under coronavirus lockdowns spent more time playing together at home, the Danish toy maker said on Wednesday.

India's gold imports in August nearly doubled from a year ago to the highest level in eight months on an improvement in investment demand and as some jewellers restocked after New Delhi eased lockdowns, a government source said on Wednesday.

Motiva Enterprises plans for the largest U.S. crude oil refinery to return to making motor fuels by Sept. 11 following restart from a complete shutdown, said sources familiar with plant operations on Tuesday.

Factories across Europe, Asia and North America continued to shake off the coronavirus gloom in August as the global economy emerged from a downturn triggered by the health crisis, thanks in part to massive fiscal and monetary stimulus programmes.