Business

Australia suffered its worst economic downturn on record last quarter as it battled the coronavirus crisis, while fresh outbreaks threaten to upend an already bumpy road to recovery and pile pressure on the government to keep fiscal taps open.

Liberty Oilfield Services' acquisition of Schlumberger's shale fracking business will make it the thirdlargest oilfield services firm by North American revenue, nudging out Baker Hughes Co in a bet on a shale rebound.

Wall Street climbed on Tuesday as a surge in Apple shares propelled the techheavy Nasdaq to record highs, while betterthanexpected U.S. manufacturing sector data fueled optimism around a postpandemic economic recovery.

Congressional investigators say they have identified lapses pointing to possible fraud and abuse in the Trump administrations coronavirus relief program, including more than $1 billion awarded to small businesses that received multiple loans.

Citi analysts sharply raised their earnings per share (EPS) forecasts for world stocks on a topdown basis, saying their first response right after the COVID19 was "too bearish".

For the first time since March, output expanded in the Indian manufacturing sector in August with an improvement in customer demand as client businesses reopened, after lockdown restrictions eased amid the Covid-19 pandemic.

AstraZeneca has expanded its agreement with Oxford Biomedica to make and supply the drugmaker's COVID19 vaccine candidate, in a deal that will pay the gene and cell therapy firm 15 million pounds ($20 million) upfront and an additional 35 million pounds p...

Asian factories continued to shake off the coronavirusinduced gloom in August as more bright signs in China raised hopes of a firmer recovery in global demand, reducing pressure on policymakers to take more radical steps to avert a deeper recession.

The Gross Domestic Product (GDP) data for the first quarter of the ongoing financial year said that the country witnessed its worst contraction ever. India’s GDP for the April-June quarter nosedived by 23.9%, as per provisional estimates.

The U.S. Trade Representative's office said on Monday it was taking additional steps to curb steel imports from Mexico and Brazil amid difficult domestic market conditions caused by the coronavirus pandemic.

MPs from the state will raise the issue in Parliament and the TRS government, if necessary, will knock the doors of courts over the Goods and Services Tax (GST) issue, Finance Minister T Harish Rao told reporters after a virtual meeting with his counterpa...

Stocks hovered near record highs on Monday and were set for five straight months of gains as investors bet on central banks keeping the stimulus taps open for years to come as the world tries to overcome the coronavirus crisis.

Brazil's official interest rates and the average cost of servicing its public debt have never been lower, but investors are becoming worried that the government could face a funding crisis next year.

Asian stock markets gave up early gains Monday after Wall Street turned in its fifth straight weekly gain and Chinas manufacturing growth held steady.

Asian stock markets rose Monday after Wall Street turned in its fifth straight weekly gain and Chinas manufacturing growth held steady.

The Central Board of Direct Taxes (CBDT), in a circular on 'imposition of charge on the prescribed electronic modes under section 269SU of I-T Act', also advised banks not to impose any charges on any future transactions carried out through these modes.