Business

German exports remained far below their precrisis levels in July despite a 4.7% increase during the month, data published on Tuesday showed, adding to signs that Germany's economic recovery from the coronavirus will be slow.

Asian shares gained on Tuesday following a small bounce in European markets and shrugging off concerns over the latest U.S.China tensions, as investors looked to whether highflying U.S. tech shares could recover from their recent rout.

A committee set up by the Reserve Bank of India (RBI) to make recommendations on restructuring loans for the Indian banking sector has submitted its report and it has been broadly accepted, the Reserve Bank of India said.

The Bengaluru-based IT company launched its Rs 702-crore public issue on Monday and the same will close on September 9.

German industrial output rose far less than expected in July, suggesting Europe's largest economy faces a slow return to production levels that preceded the crisis unleashed by the coronavirus pandemic, data showed on Monday.

Thursday's European Central Bank meeting should be anything but dull: the euro is surging, inflation is negative for the first time since 2016 and there is heightened uncertainty about the coronavirus as the number of new cases edges higher.

Oil prices dropped more than 1% on Monday after earlier hitting their lowest since July as Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months while optimism about demand recovery cooled amid the coronavirus pandemic.

U.S. Treasury Secretary Steven Mnuchin on Sunday said a deal between the White House and Congress would fund the federal government through the beginning of December and that details of the spending bill should be finalized by week's end.

Britain will not blink in Brexit trade negotiations with the European Union and is not scared of a nodeal exit, the country's top Brexit negotiator warned the bloc on Sunday.

Speaking at the release of the 'Ease of Doing Business' ranking of states and union territories, Goyal said government is confident of adding manufacturing output worth at least Rs 20 lakh crore in next five years.

The chances of Britain leaving the European Union without a trade deal have risen sharply as negotiations have been threatened by London's insistence that it have full autonomy over its state aid plans, negotiators and diplomats said.

The union also claimed that 30,000 contractual workers have already been retrenched under the company’s retrenchment process and added that all such workers remained unpaid for more than a year.

Staterun REC on Friday said its arm REC Power Distribution Company Ltd has emerged as the lowest bidder for a 10 MW solar project in the Jaipur district of Rajasthan under an auction conducted by the the Solar Energy Corporation of India (SECI). "REC...

: Tamil Nadubased Annapoorna Masalas and Spices on Friday said it was eyeing to garner Rs 200 crore topline sales besides expanding product portfolio over the next three years, according to a company official. The company has chalked out the aggressive...

TOKYO, Sept. 3, 2020 /Kyodo JBN, AsiaNet/ -- Nippon Express Co., Ltd. (Code No.9062, First Section, Tokyo Stock Exchange; hereinafter the "Company") hereby announces that, as announced on May 22, 2020, in the "Acquisition of Equity Interests in MD Logist...

Srei Equipment Finance Ltd (SEFL) on Friday said it has received a funding of 10 million euro (about Rs 86 crore) from Garmanybased KfW IPEXBank. With the successful close of this export financing transaction, KfW IPEXBank is enabling the export of con...