Business

On July 7, the board of directors at Texas fracking sand supplier HiCrush granted nearly $3 million in bonuses to four top executives, including $1.35 million for CEO and founder Robert Rasmus.

The I-T Department will have to periodically publish standards for service delivery and provide a fair and just system to resolve tax issues in a time-bound manner.

RWE, Germany's biggest electricity producer, on Thursday said it will reach the upper end of its 2020 outlook for both core and operating profit after what it said was a strong first half.

Japanese trading house Mitsubishi Corp reported on Thursday a 77% plunge in net profit for the AprilJune quarter and predicted annual profit will tumble by 63% as the COVID19 outbreak will wipe out 300 billion yen ($2.8 billion) in profit.

Japanese stocks soared to a sixmonth peak and the dollar was under pressure on Thursday as investors picked positives out of recent economic data and bet on China and the United States sticking with their trade deal at a crucial weekend meeting.

Wall Street's main indexes jumped on Wednesday, with the S&P 500 crawling towards a record high in a broad rally led by tech stocks, with investors shrugging off a stalemate over the new coronavirus relief bill.

The slowdown in economic activity is likely to continue as states put more restrictions in place to control the virus, and the momentum to return to full employment could fade as consumers remain cautious, Boston Federal Reserve President Eric Rosengren s...

Britain's NatWest is cutting at least 500 jobs across its retail business and closing one of its remaining offices in London as banks press on with costcutting in the face of a wave of expected loan losses due to the COVID19 pandemic.

The British government has become embroiled in an unlikely row with ice cream maker Ben and Jerry's over its approach to migrants arriving by boat from France, after the brand criticised ministers' increasingly bellicose rhetoric.

ABN Amro is to end all trade and commodity financing after a string of losses, in a massive overhaul of its activities that will see the Dutch bank cut 800 jobs.

Commonwealth Bank of Australia (CBA) slashed its annual dividend by more than half to the maximum payout allowed by regulators, even as bad loan provisions amid the coronavirus pandemic drove its annual cash profit below market expectations.

India's fuel demand fell 10.8 percent in July compared with the same month last year.

Gold sank as much as 4.3% on Tuesday, facing its worst oneday rout in 7 years, as a return of risk appetite following encouraging economic numbers and hopes of new coronavirus relief package boosted the S&P 500 to near record highs.

A gauge of global equity markets inched toward an alltime peak on Tuesday, with the S&P 500 nearing a record high, lifted by hopes for fresh U.S. stimulus and signs of a growing American economy that spurred yields to climb and thrashed gold prices.

Canadian Finance Minister Bill Morneau's job appeared uncertain on Tuesday after reports he had clashed with Prime Minister Justin Trudeau, prompting analysts to fret about Ottawa becoming distracted as it tackles the coronavirus crisis.

India's B9 Beverages, maker of popular craft beer Bira, is in talks with international brewers and investors to sell a stake of up to 20% in the company, its chief executive told Reuters on Tuesday.