Business

Starbucks Corp forecast 2021 earnings largely above estimates on Thursday, helped by strong online orders and a recovery in demand following the initial hit from the COVID19 pandemic.

Oil prices fell 4% on Thursday to their lowest since midJune, extending the previous day's sharp decline on the potential impact renewed coronavirus lockdowns will have on oil demand.

The European Central Bank held off from strengthening its stimulus programs despite growing concern that a renewed surge in COVID19 cases could stall the economys recovery from the deep downturn in the first part of the year.

Heavy rains and strong winds triggered by a typhoon hit Vietnam's key coffee growing region this week, posing a threat to the country's harvest, while the Indonesian market was tepid at the end of the harvest season, traders said on Thursday.

President Donald Trump and Democratic rival Joe Biden are set to chase votes in Florida, a state all but essential to the Republican's pathway to another term as both nominees turn their focus to encouraging voters to turn out on Election Day.

The Bank of Japan is set to maintain its massive stimulus programme on Thursday and vow to take further action if the economic fallout from the coronavirus shock threatens a return to deflation.

Visa Inc. said Wednesday that its fiscal fourth quarter profits dropped 29% due to fewer dollars crossing on its namesake payment network while the world was in the grips of a pandemiccaused recession.

The S&P 500 and the Dow hit their lowest levels since lateSeptember on Wednesday as a surge in coronavirus cases in the United States and Europe dashed hopes of a quick global economic recovery.

German consumer goods firm Beiersdorf, bestknown for its Nivea skin cream, said on Wednesday its business significantly improved in the third quarter after the coronavirus pandemic caused a revenue drop in the first half.

U.S. home prices posted a robust gain in August another sign that the American housing market remains strong despite economic fallout from the coronavirus pandemic.

Nearly 200 airports in Europe will face insolvency in the coming months if passenger traffic does not start recovering by the end of the year, airports body ACI Europe said on Tuesday.

Wall Street banks and their employees have been leaning left in recent years, increasing the proportion of cash allocated to Democrats.

Merck & Co. is reporting thirdquarter earnings of $2.94 billion on some very strong sales.

The markets are unnerved by lack of progress on fiscal stimulus, rising corona cases in Europe and the US and the latest escalation in US-China tensions

The United States on Monday imposed fresh Iranrelated sanctions targeting the Islamic Republic's oil sector, including the Iranian Ministry of Petroleum, in Washington's latest move to increase pressure on Tehran.

Canadian government lawyers sought to prove the arrest of Huawei Chief Financial Officer Meng Wanzhou in Vancouver in 2018 was done by the book, responding to arguments by her legal team that her rights were violated during the process.