Business

Benchmark U.S. crude oil for February delivery rose 11 cents to $48.23 a barrel Thursday. Brent crude oil for February delivery rose 9 cents to $51.29 a barrel.

During the month, RBI did not sell any US currency in the market, according to the monthly bulletin released by the RBI for December.

Britain and the European Union were on the cusp of striking a narrow trade deal on Thursday, swerving away from a chaotic finale to a Brexit split that has shaken the 70year project to forge European unity from the ruins of World War Two.

China has launched an investigation into Alibaba Group for suspected monopolistic behaviour and will summon its Ant Group to meet in coming days, regulators said on Thursday, in the latest blow for Jack Ma's ecommerce and fintech empire.

Chinese regulators on Thursday announced an antimonopoly investigation of ecommerce giant Alibaba Group, stepping up official efforts to tighten control over China's fastgrowing tech industries.

The S&P 500 and the Dow rose on Wednesday as jobless claims unexpectedly fell last week, while the Nasdaq retreated from a record high close on losses in heavyweight technology stocks.

Asian shares were set for choppy trade on Wednesday as the investor focus swung between concerns about a new fasterspreading variant of the coronavirus and hopes that more U.S. fiscal aid would propel an economic recovery.

Stocks that moved heavily or traded substantially Tuesday:

Google is pushing back in court this week on antitrust claims brought against it by the Justice Department two months ago.

Apple Inc is moving forward with selfdriving car technology and is targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology, people familiar with the matter told Reuters.

Stanislaw Olbrich, a 55yearold truck driver stranded 24 miles north of Dover after much of the world shut borders to Britain, just wants to get home for Christmas with his wife and three children in southern Poland.

Gold price has increased by Rs 10 for both the qualities of 22-carat gold and 24-carat gold.

The Trump administration blacklisted Chinas top chipmaker Friday, limiting the Semiconductor Manufacturing International Corp.s access to advanced U.S. technology because of its alleged ties to the Chinese military.

High demand for industrial goods, brighter export expectations and government support for companies hit by lockdowns to slow the spread of the coronavirus contributed to an unexpected rise in German business morale in December, a survey showed on Friday.

European shares were mixed early on Friday, capping the last full trading week of the year with investors still on edge over a Brexit trade deal and U.S. stimulus package.

Retail traders have ridden 2020's stock market rally better than the professionals, with their most popular picks outperforming market indexes and wellresourced investors such as hedge funds.