Business

Asian shares were set gain on Wednesday, encouraged by buoyant U.S. moves that followed strongerthanexpected manufacturing indicators while the dollar emerged from its recent lows against the euro.

Arijit Basu, a managing director at the country's largest lender, also said banks will respond to the COVID-19 challenge and "reach out" to the customers.

General Motors says it has finished making 30,000 medical breathing machines for the U.S. government to help treat coronavirus patients.

The total revenue earned by the central and state governments after regular settlement in August is Rs 34,122 crore for CGST and Rs 35,714 crore for the SGST.

Britain's government will launch a media campaign this week to urge people to return to their workplaces, ramping up Prime Minister Boris Johnson's calls to get economy back up to speed up after its hammering during the coronavirus lockdown.

China suspended barley imports from an Australian supplier on Tuesday amid spreading trade disputes between the two sides.

The Indian rupee posted its biggest singleday gain in 21 months on Tuesday, while bond yields fell to their lowest in more than two weeks following the central bank's new measures to stabilise markets and its comments on the currency.

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

Oil prices gained on Tuesday, reversing overnight losses, as investors moved into risk assets and stayed away from the safehaven U.S. dollar which hit multiyear lows.

Stocks hovered near record highs on Monday and were set for five straight months of gains as investors bet on central banks keeping the stimulus taps open for years to come as the world tries to overcome the coronavirus crisis.

The GDP contraction in the April-June period of FY21 was the largest slump on record since India started reporting quarterly data in 1996.

Oil and gas companies plunged over $156 billion into corporate takeovers and land deals during the second U.S. shale boom, in a massive bet that good times would continue and crude prices would rise. Many of those deals have become financial albatrosses.

The Indian rupee retreated after hitting near sixmonth highs on Monday following reports of fresh border tensions with China.

Brazil's official interest rates and the average cost of servicing its public debt have never been lower, but investors are becoming worried that the government could face a funding crisis next year.

If the pandemic caused you to relocate across state lines, even temporarily, the next surprise could be having to file an extra tax return and potentially pay more taxes.

Berkshire Hathaway Inc has bought a 5% stake in each of Japan's five biggest trading houses, together worth over $6 billion, marking a departure for Chairman Warren Buffett as he looks beyond the United States to diversify his conglomerate.