Business
Oil Falls As Demand Woes Outweigh U.S. Inventory Fall
Oil prices fell after earlier gains on Wednesday as rising global COVID19 cases took the shine off a rally spurred by a biggerthanexpected drop in U.S. crude inventories.
US Chamber Says Some Legislators Will Lose Campaign Funding
The U.S. Chamber of Commerce is threatening to withhold campaign funds from politicians who railed against approval of Joe Biden's election victory, but it wouldn't identify which ones, nor did it call for the ouster of President Donald Trump after last w...
New U.S. Tariffs On French, German Aircraft Parts, Wines To Start Tuesday
The U.S. government on Monday said it would begin collecting new duties on aircraft parts and other products from France and Germany from Tuesday after failing to resolve a 16year dispute over aircraft subsidies with the European Union.
Reliance Retail to Rope in Local Kirana Stores as Franchise Partners to Fulfill Orders Placed on JioMart
According to a report by Economic Times, in the case of products ordered on JioMart and not in stock with the kiranas — which typically sell the 300-400 most popular items — Reliance Retail will supply them and the margins will be shared equally.
Tata Motors Share Price Surges 12%, Hits New 52-week High on Strong China Sales
The worldwide research firm retained a buy rating with a target of Rs 270 per share.
Labour Ministry to Consider Feedback on Using Social Media for Wage Payment Intimation
The ministry had circulated two draft standing orders on the services sector and manufacturing and mining sectors on December 31, 2020. It has given 30 days' time to stakeholders to give feedback before the orders are implemented.
NCR Throws Hat In The Ring For Cardtronics With $1.73 Billion Offer
NCR Corporation on Monday offered to buy Cardtronics Plc for about $1.73 billion in cash, threatening to derail the ATM operator's acquisition by private equity firm Apollo Global and investment firm Hudson Executive Capital.
China To Approve Further Domestic GMO Corn, Soy Crop Varieties
China said on Monday it was set to approve the safety of another genetically modified (GMO) corn variety and a GMO soybean, both produced by Beijing Dabeinong Technology Group Co Ltd.
World Shares Down From Record Highs As COVID-19 Cases Top 90 Million
World shares slipped from record highs on Monday as caution over rising coronavirus cases saw some profittaking from investors, while Treasury yields remained close to 10month highs, indicating expectations for global reflation from anticipated U.S. fisca...
Gold Off Six-week Low, But Stronger Dollar, Yields Weigh
Gold prices reversed course on Monday from a near sixweek low touched earlier in the session, although a stronger dollar and higher U.S. Treasury yields capped bullion's gains.
Oil Prices Fall On Renewed Coronavirus Concerns As China Cases Mount
Oil prices fell on Monday on renewed concerns about global fuel demand amid strict coronavirus lockdowns in Europe and new movement restrictions in China, the world's secondlargest oil user, after a jump in cases there.
Gold Hastens Retreat, Slumps 3% As U.S. Treasury Yields Soar
Gold accelerated its slide below the $1,900 mark on Friday, slumping around 3% and dragging down other precious metals as a jump in U.S. Treasury yields hammered bullion's safehaven appeal.
Publicis Denies M&A Talks Following Stock Jump
A spokeswoman for Publicis denied on Friday that the French advertising group was holding any kind of merger talks after a report by British trade publication Campaign triggered a sharp jump in its share price.
Investors Storm Into Money Markets, Gold As Equity Exuberance Ebbs
Investors stormed into money markets and gold funds in the past week as exuberance towards equities faded slightly, BofA's weekly flow show stats showed on Friday.
Exclusive: Chile Threatens Legal Action To Get Albermarle To Disclose Lithium Reserves
Chilean regulators have threatened Albemarle Corp with legal action, demanding that by week´s end the world´s top lithium miner present a plan for turning over data on its reserves of the ultralight battery metal, according to filings obtained by Reuters.
Trump Administration To Mull Expansion Of China Investment Ban - Sources
Trump administration officials are expected to discuss a proposed expansion of an executive order banning U.S. investment in alleged Chinese military companies at a Thursday afternoon meeting, according to two people familiar with the matter.