Business

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U.S. stocks were mostly higher on Friday as investors awaited progress towards more U.S. fiscal stimulus and the dollar gained after several days of losses, while cryptocurrency Bitcoin eased after hitting a record high.

The S&P 500 drifted higher on Friday, recovering from early weakness as financial and materials stocks gained ground while investors held out for signs of progress on the next batch of fiscal aid.

Oil prices edged higher on Friday, buoyed by hopes for a U.S. stimulus bill, but a weaker demand outlook from OPEC and the International Energy Agency capped gains.

Huawei took U.K. bank HSBC to court on Friday seeking documents the Chinese company says are key to its legal efforts to stop its chief financial officer from being extradited to the U.S. from Canada.

After taking billions of pounds in government money and furloughing staff during the pandemic, Britain's bluechip companies are being warned by investors to rein in executive pay and perks or risk a rebellion at upcoming annual meetings.

Britain's coronavirusravaged economy suffered its biggest crash in output in more than 300 years in 2020 when it slumped by 9.9%, but it avoided heading back towards recession at the end of the year and looks on course for a recovery in 2021.

The bank has plans to eventually allow digital currencies to pass through the same financial network it currently uses for more traditional holdings.

Stocks closed nearly flat on Wall Street Thursday as investors remain cautiously optimistic about prospects for a new round of government aid while the economic recovery seemingly stalls. Wall Street continued to digest solid corporate earnings and update...

Roche's arthritis drug tocilizumab cuts the risk of death among patients hospitalised with severe COVID19, also shortening the time to recovery and reducing the need for mechanical ventilation, results of a large trial showed on Thursday.

Oil prices fell on Thursday, paring recent gains, as renewed lockdowns and the emergence of new coronavirus variants reduced the prospect of a swift demand recovery.

Kellogg Co posted a rare profit miss and forecast a decline in organic revenue growth for 2021 on Thursday as demand for its breakfast cereals and snacks falls from the strong levels seen during last year's lockdowns.

The euro zone economy will rebound less than earlier expected from the coronavirus slump this year as a second wave of the pandemic put economies in new lockdowns, the European Commission said, adding 2022 growth will be stronger than earlier thought.

Europe's aviation sector on Thursday laid out how it could eliminate its net carbon dioxide emissions by 2050, a commitment it said would depend on policy support to scale up sustainable fuels and breakthrough technologies.

The Biden administration has indefinitely shelved a proposed U.S. takeover of the popular video app TikTok, according to a Wall Street Journal report. Last year, the Trump administration brokered a deal that would have had U.S. corporations Oracle and Wal...

The S&P 500 was down slightly in volatile trading while MSCI's gauge of stocks across the globe was barely higher on Wednesday, pausing after recent gains, while the dollar dropped to twoweek lows.