Business

The Argentine government formalised its amended bond restructuring offer on Saturday night, confirming in a presidential decree that it would submit the new deal to the U.S. Securities and Exchange Commission on Monday.

The Emirati APEX National Investment company signed a "strategic commercial agreement" with Israel's Tera Group to cooperate on research and development related to COVID19, including a testing device, the UAE's state news agency WAM said late on Saturday.

U.S. retail sales increased less than expected in July as consumers cut back on purchases of motor vehicles, and could slow further in the months ahead amid spiraling new COVID19 infections and a reduction in unemployment benefit checks.

Stocks dipped on Friday as data out of China, the euro zone and the United States put a lid on expectations for a sustained global rebound, with traders already worried about a delay in U.S. fiscal stimulus.

In the fortnight ended August 2, 2019, bank credit and deposits were at Rs 97.29 lakh crore and Rs 127.44 lakh crore, respectively.

Bharat Petroleum Corp , India's largest fuel retailer, has cut its fiscal 2020/21 capex target by 36% to about 80 billion rupees ($1.1 billion) from 125 billion rupees because of the impact of the COVID19 pandemic.

Japanese restaurant chain Ootoya Holdings announced a partnership with online grocery retailer Oisix Ra Daichi Inc on Friday, aiming to fend off a hostile bid by its rival and largest shareholder, Colowide Co.

The BSE Sensex was trading 206.45 points or 0.54 per cent higher at 38,516.94; while NSE Nifty was up 56.10 points or 0.50 per cent at 11,356.55.

The Philippine unit of Royal Dutch Shell said on Thursday it will permanently shut one of the country's two oil refineries, blaming a pandemicled slump in margins, with other regional closures likely to follow, according to analysts.

One day after declaring he was committed to fiscal responsibility, Brazil's President Jair Bolsonaro raised the prospect on Thursday of breaking with a constitutionallymandated ceiling on government spending.

Asian shares fell on Friday after lacklustre Chinese economic data and worries about a delay in U.S. fiscal stimulus discouraged some investors from taking on risk.

Benchmark U.S. crude oil for September delivery fell 43 cents to settle at $42.24 a barrel Thursday. Brent crude oil for October delivery fell 47 cents to $44.96 a barrel.

Daimler has reached an agreement to settle U.S. proceedings relating to investigations into software to cheat diesel emissions tests that will result in costs of about $1.5 billion, the German carmaker said on Thursday.

President Donald Trumps proposed payroll tax cut is a threat to Social Security no matter how he casts it.

Pointing out the key factors needed for revival of the economy, she said that liquidity access to medium and small industries needs to be looked into.

Brazil's constitutional spending cap, a cornerstone of fiscal policy in recent years, is on course to being broken in 2021.