Business

The close and inconclusive U.S. election has scuppered some shortterm trades premised on a clear Joe Biden sweep, although most money managers say they are sticking to bets on plentiful stimulus and a green boom, regardless of who triumphs.

Gold retreated in Asian trade on Wednesday as the dollar strengthened after early voting results showed a close contest between President Donald Trump and Democratic rival Joe Biden in the U.S. Presidential election.

China's Ant Group on Tuesday suspended its record-breaking IPO in both Hong Kong and Shanghai as the fintech giant faces growing pressure from Chinese regulators over potential risks.

Luxury automaker Ferrari expects 2020 earnings at the top of its previous guidance range after beating forecasts in the third quarter and as key new models such as the 430,000 euro ($505,000) hybrid SF90 Stradale start to reach customers.

Trump’s odds of winning the election improved to 39% from 35% on the UK-based platform, while Democratic challenger Joe Biden saw his chances dip to 61% from 65%.

A sharp fall in passenger flights due to the coronavirus pandemic combined with rising ecommerce demand is setting the stage for tight capacity and a renewed rise in air freight rates heading into the peak Christmas season.

Global equity markets recovered from onemonth lows on Monday as robust factory data last month in China and Europe offset news of new COVID19 lockdowns, while the dollar and gold rose on simmering uncertainty over the U.S. presidential election.

U.S. construction spending rose 0.3% in September, the fourth straight monthly gain after a coronaviruscaused spring swoon.

Ryanair recorded its first loss for the key summer period in 30 years as a result of the coronavirus crisis, which threatens to cut passenger numbers to half prepandemic levels next year.

Manufacturing growth in the euro zone boomed in October but the recovery from severely depressed activity at the height of the coronavirus pandemic was again mostly driven by a buoyant Germany, a survey showed.

World shares recovered from onemonth lows on Monday as upbeat Chinese data offset new lockdowns in Europe, while investors prepared for more volatility arising from the U.S. presidential election.

Another heavyweight HDFC Bank's valuation diminished by Rs 28,574.61 crore to reach Rs 6,51,518.11 crore, followed by Infosys whose m-cap fell by Rs 26,152.79 crore to Rs 4,51,753.23 crore.

Argentina's main oilseed crushers union cut short a 24hour strike late on Friday after government intervention ordering workers and companies back to the negotiating table to reach a deal over coronavirus pandemic bonus payments.

The economy shrank 3.4% in July-September from a year earlier, its fifth straight quarterly contraction, government advance estimates showed on Friday. That compared with a year-on-year contraction of 9.0% in April-June.

The euro zone economy rebounded more than expected in the third quarter from its coronavirusinduced slump, but the rally is likely to be cut short as countries reintroduce restrictions to stem the second wave of the pandemic.

Business events and economic reports scheduled for the coming month: