Business

Home Depot Inc reported it biggest rise in quarterly samestore sales in at least two decades on Tuesday as demand for paint, tools and other home improvement products surged from consumers stuck indoors due to the COVID19 pandemic.

With millions of people staring at their walls working from home, sales at Home Depot surged in the second quarter, with same-stores sales in the U.S. spiking 25%.

Investors are their "most bullish" on financial markets since February, when world stocks hit a record high, a Bank of America fund manager survey showed, as hopes of a COVID19 vaccine and a steady revival of economic activity boost confidence.

Shares were mixed in Europe and Asia on Tuesday, after buying of technology stocks nudged the S&P 500 closer to the record high it set in February before the pandemic crunched the global economy.

Indonesia posted its biggest trade surplus in nine years in July, as exports improved while domestic demand for imports remained subdued amid the coronavirus pandemic, data from the statistics bureau showed on Tuesday.

BHP Group on Tuesday said it expects most major world economies except China to bear the brunt of a coronavirusled downturn this year, reporting a more than 4% drop in annual profit that missed analysts' estimates.

The Nasdaq surged to a record high close on Monday, while the S&P 500 approached its own record level, with both indexes lifted by Nvidia and other technology stocks.

Finance ministers from the Group of Seven rich countries on Monday noted improved conditions in their economies, but underscored their concerns about the debt problems facing lowincome nations, a U.S. Treasury spokesperson said.

About 7,000 projects have been identified under the National Infrastructure Pipeline (NIP) with projected investment of Rs 111 lakh crore during 2020-25.

U.S. home builder confidence rose for a third straight month in August to match its highest level ever as recordlow interest rates spur a surge in buyer traffic, data released on Monday showed in the latest indication the housing market is standing out as...

The U.S. is imposing another round of restrictions on China's Huawei as President Donald Trump renewed accusations that the company's telecommunications equipment is used for spying.

Britons bought and sold a record number of homes between mid July and early August as pentup demand from the coronavirus lockdown and a desire to leave London bucked the usual summer slowdown, industry data showed on Monday.

Domino's Pizza Inc and its franchisees would hire more than 20,000 people, including delivery experts and pizza makers, in the United States, the restaurant chain said on Monday.

On the Sensex chart, NTPC, Tata Steel, L&T, Titan and Kotak Bank were among the major gainers – rising as much as 3 per cent. On Friday, the 30-share Sensex .

As silver has been proven to make bacteria, germs, and viruses inactive, its use as a disinfectant in the ubiquitous sanitiser is now being considered.

Israel's economy shrank by an annualised 28.7% in the second quarter, hit hard by the COVID19 pandemic that has led to mass job losses and weaker consumer spending, trade and investment.