Business

Futures tracking the S&P 500 hit a record high on Monday after U.S. drugmaker Pfizer said its experimental vaccine was more than 90% effective in preventing COVID19 based on initial data from a large study.

Mazda Motor Corp on Thursday posted a 7.59 billion yen ($73.4 million) operating loss in the three months ended Sept 30 as sales contracted amid the coronavirus pandemic.

Indian markets touched record highs on Monday as IT stocks gained after a report said that U.S. Presidentelect Joe Biden planned to ease policy on work visas, with his victory also boosting broader Asian markets and aiding domestic sentiment.

Despite Trump administration efforts to erect a protective shield around nursing homes, coronavirus cases are surging within facilities in states hard hit by the latest onslaught of COVID19.

President Tayyip Erdogan replaced Turkey's central bank chief over the rapid depreciation in the lira and discomfort with the bank's policy steps not yielding results, three officials told Reuters on Saturday.

Benchmark U.S. crude oil for December delivery fell $1.65 to $37.14 a barrel Friday. Brent crude oil for January delivery fell $1.48 to $39.45 a barrel.

The World Trade Organization (WTO) has cancelled a meeting on Nov. 9 to decide on the appointment of Nigeria's Ngozi OkonjoIweala as the Genevabased body's next director general, according to a WTO document seen by Reuters on Friday.

Biden took the lead over President Donald Trump in the battleground states of Pennsylvania and Georgia, putting him on the verge of winning the White House hours after Trump falsely claimed the election was being 'stolen' from him.

Gold rose on Friday, set to post its best week since July, as the dollar weakened and increasing chances of a Joe Biden victory in the U.S. presidential election boosted hopes for a larger coronavirus relief bill.

Marriott is reporting dramatic improvements in the third quarter as travel demand rebounded in China.

Novartis's canakinumab failed to help COVID19 patients survive without invasive ventilation compared with standard therapy, the Swiss drugmaker said on Friday, dashing hopes the arthritis drug could be repurposed during the pandemic.

Bombardier's chief executive on Thursday said he expects layoffs as part of broader plans to cut excess capacity, after the planeandtrain maker missed on quarterly operating profits earlier in the day due to the coronavirus pandemic.

RSA is in talks with a consortium of Canadian insurer Intact Financial and Danish insurer Tryg about a possible breakup deal that values the British firm at about 7.2 billion pounds ($9.46 billion).

The Federal Reserve kept its loose monetary policy intact on Thursday and pledged again to do whatever it can in coming months to sustain a U.S. economic recovery threatened by a spreading coronavirus pandemic and facing uncertainty over a still undecided...

Facebook on Thursday banned a large group called Stop the Steal that supporters of President Donald Trump were using to organize protests against the presidential vote count. Some members had called for violence, while many falsely claimed that Democrats...

The number of Americans filing new claims for unemployment benefits fell only slightly last week, adding to signs that the economic recovery was losing steam as the COVID19 pandemic intensifies and fiscal stimulus ends.