Business

Exxon Mobil Corp reported a $1.1 billion loss for the second quarter on Friday, the first backtoback quarterly loss for the U.S. oil giant in at least 36 years.

The coronavirus crisis has pulverised Spain's economy, triggering its worst recession since the civil war, with collapsed tourism numbers boding ill for hopes of a swift rebound.

Oil prices rose on Friday and were on track for monthly gains, benefiting from a weaker dollar which continued to be hit by concerns over the recovery of the U.S. economy as the coronavirus ravages economic output.

Gold prices fell sharply on Thursday, drifting away from a record peak hit earlier this week, as a slump in U.S. GDP and President Donald Trump's tweet about delaying the upcoming U.S. elections triggered a selloff in financial markets.

Nestle will keep making sure earnings and sales growth remained balanced, its chief executive told investors on a call after the food group posted betterthanexpected results for the first half of 2020.

Mastercard Inc's quarterly profit beat Wall Street estimates on Thursday, as lower costs helped dull the blow from fewer people using the payment processor's cards during the COVID19 pandemic.

Singapore Exchange Ltd (SGX) reported a rise of nearly 17% in net profit for the quarter ending in June, but cautioned that a recent surge in market activity amid the coronavirus pandemic could start easing.

The NSE Nifty 50 index slid 0.9% to close at 11,102.15 and the benchmark S&P BSE Sensex dropped 0.88% to 37,736.07, dragged by banking and financial stocks.

The panels would determine whether India's customs duties on imports of certain information and communications technology (ICT) products infringe WTO norms or not.

IndusInd Bank was the top gainer in the Sensex pack, rising around 4 per cent, followed by UltraTech Cement, Tata Steel, Sun Pharma, L&T and ICICI Bank.

Eastman Kodak Co will get a $765 million loan from the U.S. government to produce pharmaceutical ingredients in the country, helping reduce dependency on other countries by strengthening domestic supply chains.

British finance minister Rishi Sunak should extend the government's job retention scheme until the middle of next year to stop a surge in unemployment to levels not seen since the early 1990s, a top think tank said on Tuesday.

Wall Street's main indexes fell on Tuesday as lawmakers geared up for grueling talks over a coronavirus relief package, with investors also weighing a mixed batch of earnings reports from bluechip companies.

An impasse in U.S. stimulus negotiations and mixed corporate earnings reports in Europe pushed global equities lower and sent investors into perceived safehaven assets like government bonds and gold, which hovered near record highs.

The net profit stood at Rs 887 crore in the corresponding quarter of previous year, when the company had benefited from certain one-off gains with respect to operating expense reversal and certain tax-related reversal.

After marginally rising to $157.4 billion in April, the holdings jumped to $169.9 billion in May, an increase of around $13 billion in a month's time.