Business

Japanese companies plan to make the deepest cut in capital expenditure in more than a decade this year as the coronavirus pandemic hits profits, a government survey showed, underscoring the broadening economic impact of the health crisis.

Oil prices eased on Thursday after U.S. data showed a surprise build in crude stockpiles last week, confirming an industry report.

Wall Street's main indexes were set to open higher on Thursday as momentum from demand for cheaper techrelated stocks overshadowed elevated weekly jobless claims that suggested a choppy economic rebound.

In May, Crisil had estimated the economy to contract by 5 per cent. The latest projection comes days after official data for the June quarter showed a contraction of 23.9 per cent in the economy. Crisil said the 9 per cent contraction will be the highest...

The European Central Bank is all but certain to keep policy unchanged on Thursday but with the economic recovery losing momentum and a strong euro dampening alreadyanaemic inflation expectations, it may set the stage for more stimulus later.

Brazil's supermarkets are "committed" to lowering the prices of basic foodstuffs, President Jair Bolsonaro said on Wednesday, hours after the Justice Ministry said it would ask supermarkets to explain recent price increases for some products.

Chinese financial technology firm Ant Group's application for a local IPO on a Nasdaqstyle market will be reviewed on Sept. 18, the Shanghai stock exchange said on Wednesday, bringing the company closer to its up to $30 billion duallisting.

Falafal Technologies Pvt Ltd (FTPL) has paid Rs 7.37 crore as equity value for shares of SIL held by IL&FS Ltd and IL&FS Employee Welfare Trust, in addition to taking over SIL’s fund based and non-fund based financial debt of nearly Rs 650 crore, a releas...

Sri Lanka will take legal action against the owner of the oil supertanker that caught fire on Thursday as there is a large leakage of bunker oil from the stricken vessel, an official at the Marine Environment Protection Authority said.

The gold rates in the last 10 days have been fluctuating quite a bit. It is only yesterday and today that the prices have dropped after increasing for two consecutive days.

SoftBank Group Corp shares fell 5% in early trading on Wednesday as investors worried about the Japanese conglomerate's exposure to U.S. tech stocks, which slid for the third straight session.

U.S. consumer borrowing rose by a solid 3.6% in July, the second monthly gain after the coronavrius pandemic had sent consumer borrowing down sharply in the previous three months.

The United States on Tuesday will move to block imports of cotton and tomato products from western China's Xinjiang region over allegations that they are produced with forced labor, officials with U.S. Customs and Border Protection told Reuters.

Britain headed into a fresh round of Brexit trade talks on Tuesday acknowledging it could break international law but only in a "limited way" after reports it may undercut its divorce treaty with the European Union.

Gold prices fell 1% on Tuesday as a strong dollar outweighed lingering economic concerns and investors awaited policy cues from the European Central Bank.

South African economic output shrank by 51.0% in the second quarter of 2020, its fourth quarterly contraction in a row, as a strict lockdown to curb the coronavirus pandemic shut down most activity, data showed on Tuesday.