Business
China's Top Bank ICBC Posts 11.4% Fall In First-half Profit, Worst Since 2006
Industrial and Commercial Bank of China (ICBC),, the world's largest commercial lender by assets, said its net profit fell 11.4% in the first half, the biggest drop in the JanuaryJune profit since its market debut in 2006.
GST Network Starts Providing Auto-drafted ITC Statement to Taxpayers
GSTR-2B will be generated on GST portal for every registered person on the basis of the information furnished by his suppliers and will be made available for each month.
Operating Profits of Manufacturing Companies Declined in Q4 of 2019-20: RBI
The analysis is based on the abridged quarterly financial results of 2,620 listed NGNF companies.
Fed's Mester Says U.S. Economy Could End 2020 Down 6% For The Year
U.S. economic growth picked up in the third quarter but it will take a while for the economy to dig out of the "deep hole" it fell into because of the pandemic, Cleveland Federal Reserve President Loretta Mester said Friday.
Manufacturing Defect Leads Boeing To Ground Several 787 Jets
Boeing has found manufacturing defects on some of its 787 long-range airliners in areas where parts of the fuselage are joined together, the latest setback for the aircraft maker whose 737 Max is still grounded after two deadly crashes.
Boeing Finds Flaws In Fuselage Of Some Dreamliners; 8 Aircraft Affected
Boeing Co said on Friday that some airlines operating its 787 Dreamliners have removed eight jets from service after the planemaker identified two distinct manufacturing issues in the fuselage section.
'Go Big And Go Fast' - BoE's Bailey Lauds Power Of Bond-buying
Bank of England Governor Andrew Bailey said the British central bank has more ammunition to support the economy from its coronavirus shock, and that big, aggressive bondbuying pushes are most effective when crises strike.
After Nearly 200 Years, Lord & Taylor Goes Out Of Business
Lord & Taylor, one of the country's oldest department store chains, is going out of business after filing for bankruptcy earlier this month.
Global Markets: Yen Surges As Japan's Abe Quits, Stocks Mixed After Fed Shift
The Japanese yen surged and stocks fell on Friday after Prime Minister Shinzo Abe resigned for health reasons, while broader share markets were mixed as investors worried about a lack of detail in the U.S. Federal Reserve's policy shift.
Book-publishing Exec Dawn Davis Is New Bon Appetit Editor
Book-publishing executive Dawn Davis is Bon Appetit's new top editor, taking the helm following a reckoning on race and culture at the food magazine.
Global Markets: Shares Fall, Dollar Rises As Markets Wait For Dovish Fed Hints
Stocks fell on Thursday and the dollar was up after two days of losses, as investors looked ahead to the U.S. Federal Reserve Chair's speech at the virtual Jackson Hole conference, at which he could signal tolerance for higher inflation.
Exclusive: Indian State Refiners Halt Oil Imports From Chinese Companies - Sources
Indian state refiners have stopped buying crude oil from Chinalinked companies, three sources said, after New Delhi's recent regulation aimed at restricting imports from countries that it shares a border with.
Innovation Key To Swiss Economic Recovery After COVID-19 Downturn
Innovation has been a driving force behind Switzerland's financial success in recent years, and will be essential for its post COVID19 economic recovery.
Rupee Slips 6 Paise to 74.36 Against Dollar in Early Trade
At the interbank forex market, the rupee opened at 74.30, but lost ground and touched 74.36 in early morning deals, registering a fall of 6 paise over its previous close of 74.30 against the greenback.
SEC Approves NYSE Proposal To Allow IPO Alternative
The U.S. Securities and Exchange Commission said on Wednesday it approved a proposal by the New York Stock Exchange to allow companies to raise capital through direct listings.
White House Is Mulling Options To Prevent Airline Furloughs
The White House is considering whether it can take action to prevent thousands of job losses in the airline industry a month before the election if it cannot reach a deal with Congress on a broader package of additional pandemic relief.