Business

Asian stocks hit a record high on Monday as vaccine optimism and strong economic data from China and Japan outshone worries about rising coronavirus cases, lifting just about every sector.

The pharmaceutical industry has made a lastditch C$1 billion ($761 million) proposal to the Canadian government in hopes of fending off parts of a drug pricing crackdown set to go into effect on Jan. 1, according to industry documents reviewed by Reuters...

The mines ministry had earlier sought suggestions from the general public, mining industry and other stakeholders on the proposed reforms in the Mines and Minerals (Development and Regulation) Act, 1957.

Citgo Petroleum Corp stopped contributions to employee 401(k) retirement plans on Nov. 1 and plans to reduce salaries on Jan. 1 to cope with the effects of the coronavirus pandemic, sources familiar with the moves said.

Wall Street closed higher on Friday with upbeat earnings reports helping to drive optimism about the economy along with hopes for successful COVID19 vaccines even as investors monitored a surge in virus cases and restrictions around the country.

G20 finance ministers have agreed for the first time on a new joint framework for restructuring government debt, in anticipation that the coronavirus crisis will leave some poor countries in need of deep relief.

Gold held steady in a narrow range on Friday, with optimism over a COVID19 vaccine was countered by market concerns about its rollout as global infections continue to mount.

Japan plans to introduce tax incentives and create a research fund to support socalled green investment, as the government pushes to meet a target of carbonneutrality announced earlier this month, the Nikkei newspaper reported.

Walt Disney Co. reported fiscal fourth-quarter loss on Thursday thanks largely to changes related to the COVID-19 pandemic. Its earnings were dragged by costs from restructuring related to its streaming services and lost revenue from its California theme...

The heads of the Federal Reserve and the European Central Bank welcomed the encouraging results in trials of a vaccine candidate for the novel coronavirus but stressed that the economic outlook will remain uncertain.

The S&P 500 dropped and U.S. Treasury yields edged lower on Thursday as the euphoria over a potential COVID19 vaccine faded in the face of spiking infections and the threat of a new round of economic shutdowns.

Jones Day, the goto law firm for U.S. President Donald Trump's election campaign, is under fire for representing Republicans in a lawsuit over Pennsylvania's extended deadline to receive mailin ballots, with law students threatening to boycott the firm an...

Nissan posted a loss of 44.4 billion yen ($421 million) in the last quarter as the pandemic slammed profitability and the Japanese automaker fought to restore a brand image tarnished by a scandal centered on its former star executive Carlos Ghosn.

Global oil demand is unlikely to get a significant boost from the rollout of vaccines against COVID19 until well into 2021, the International Energy Agency (IEA) said on Thursday, a view that is likely to dampen oil price gains since vaccine progress was...

Stateowned Emirates said on Thursday that Dubai would help it through the coronavirus crisis after losses of $3.4 billion tipped the airline's holding company into its first halfyear loss in more than thirty years.

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.02 per cent to 93.02. On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 202.76 points lower at 43,390.91, and the broader N...