Business
Wall Street Rises, Nasdaq Hits Record High On Recovery Hopes
Wall Street's main indexes rose and the Nasdaq hit a record high on Friday as optimism around an economic rebound next year outweighed concerns around an expected surge in coronavirus infections following the Thanksgiving holiday.
Global Stocks Hover Near Record High, Oil Skids On Demand Outlook
Asian shares stalled near record highs on Friday as investors weighed renewed doubts about a highlyanticipated coronavirus vaccine against hopes that some of the region's economies will recovery quicker than their Western peers.
Asian Shares Grind Lower Amid Vaccine Doubts, Economic Concern
Asian shares fell slightly on Friday, pulling back from a record high hit earlier this week, amid renewed doubts about a highlyanticipated coronavirus vaccine and concern about the economic impact from the pandemic.
Vaccine Promise Stirs European Dividend Payout Hopes
European dividend futures are stirring from their monthslong slumber, reflecting investor expectations that positive COVID19 vaccine updates on top of trillions of dollars in stimulus will fasttrack an anticipated recovery in company profits.
Fearing Cost Of Complacency, ECB Lays Ground For More Stimulus: Accounts
European Central Bank policymakers meeting last month agreed they could not afford to seem complacent in the face of a secondwave of coronavirus infections, opting instead for promising more stimulus to support the economy, the accounts of the meeting sho...
Philippines, Private Firms To Sign Vaccine Supply Deal With AstraZeneca
The Philippines is set to sign a supply agreement for AstraZeneca's potential COVID19 vaccine on Friday, the first such deal in a country aiming to further reopen its economy that has been ravaged by the pandemic.
UK Says On Brexit Trade Deal: We Can Get There But Not At Any Cost
Britain and the European Union can clinch a Brexit trade deal and the shape of one is clear but London will not sign up to an accord at any cost, Prime Minister Boris Johnson's finance minister said on Thursday.
Accenture Gives Bonuses, Plans Promotion in December Cycle
The bonus payout in November stood at 75 per cent of the target amount. The biannual bonus payout is being said to be higher than what was given in May.
EU Plans New Rules Giving Europeans More Control Of Data
The European Union is laying out new standards for data giving Europeans more control over their personal information as it seeks to counter the power of U.S. and Chinese tech companies.
India's Crude Steel Output Rises 0.9 per cent to 9 Million Tonne in October, Says Worldsteel
According to the worldsteel data, China registered a 12.7 per cent year-on-year growth in steel output to 92.202 MT during October 2020, compared to 81.781 MT in the same period last year.
Edmunds: Black Friday Car Deals May Not Be As Bountiful
Once a novel concept in dealership marketing, Black Friday car deals have become as common as the TV deals at your local big-box store. While the savings on new cars arent that dramatic no 70% off fire sales here they do generally make mid- to late Nove...
Biden Transition, Vaccine Hopes Keep Gold Near Four-month Low
Gold languished near a fourmonth low on Wednesday as appetite for riskier assets remained buoyed by the formal start of U.S. Presidentelect Joe Biden's transition to the White House and hopes a COVID19 vaccine would be ready soon.
U.S. Consumer Confidence Slips; House Prices Surge
U.S. consumer confidence fell more than expected in November amid a widespread resurgence in new COVID19 infections and business restrictions, reinforcing expectations for a sharp slowdown in economic growth in the fourth quarter.
Tata Group Set to Acquire Majority Stake in BigBasket by Month-End, Alibaba May Exit
BigBasket’s valuation as on March this year was USD 1.23 billion and according to research platform Tofler, the company clocked revenues of Rs 5,200 crore and a loss of around Rs 920 crore. Industry watchers see the move as part of the Tata Group’s strate...
Global Stocks Shoot Up as Vaccine Progress, Joe Biden Transition Boost Confidence
President Donald Trump tweeted that he had told his team “do what needs to be done with regard to initial protocols,” an indication he was moving toward a transition after weeks of legal challenges to the election results.
Niti Aayog CEO Amitabh Kant Flags Fake Facebook Account
Niti Aayog CEO Amitabh Kant on Monday said that this is a case of impersonation and requested people to report it as a spam.