Business
Not Sure Whether India Will See V-shaped Recovery Like China, Says Standard Chartered Chief
Global banking major Standard Chartered's Group Chief Executive Bill Winters said India is "some place in between", wherein it is not showing the V-shaped recovery like China.
National Pension System Has Not Ensured Coverage of All Eligible Employees, CAG Audit Finds
The performance audit was undertaken to get an assurance that the system of NPS was established as envisaged, all eligible government sector employees had been covered and due contributions (from subscribers and employers) were timely deducted and remitte...
MIT Professor Wins Top AI Award For Cancer, Drug Research
A Massachusetts Institute of Technology professor using computer science to detect cancer and discover new drugs has won a new $1 million award for artificial intelligence.
Global Markets: Tech Lifts Stocks As Poor Data Rekindles Stimulus Hopes
Shares rose and the dollar steadied at new highs on Wednesday, with overnight gains by Wall Street tech champions helping balance concerns that new restrictions to counter coronavirus infections will hurt the economic recovery.
Global Markets: Dollar Rises On Safe-haven Bid, Stocks Mixed
The U.S. dollar continued to rise on Tuesday and stocks were mixed as new economic curbs to control the spread of COVID19 raised the fear of a second wave of lockdowns that could reverse the nascent economic rebound.
UK PM Johnson Set To Win Vote On Brexit Treaty-busting Powers
British Prime Minister Boris Johnson is set to win a parliamentary vote on Tuesday on laws which give him the power to break the Withdrawal Agreement struck with the European Union last year.
DGTR Probing Alleged Circumvention of Anti-dumping Duty on Measuring Tapes by Chinese Firms
According to a notification of the directorate, FMI Ltd had filed an application before DGTR alleging that anti-dumping duty imposed on measuring tapes imported from China is being circumvented by way of export of these tapes from Singapore and Cambodia.
TikTok Says Coordinated Attack Behind Suicide Clip Uploads
TikTok says a video of a man apparently taking his own life that circulated on its platform was spread deliberately by a group of users working together.
"British-style" Rules For Banks After Brexit, Says BoE
Britain will adopt tough but less bureaucratic financial rules after Brexit, starting with simpler regulation of small banks, Bank of England Deputy Governor Sam Woods said on Tuesday.
Oil Steady As U.S. Storm Eases But Demand Recovery Fears Persist
Oil futures were little changed on Tuesday after sharp overnight losses, as the latest tropical storm in the Gulf of Mexico lost strength, but worries about fuel demand persisted with flareups around the globe in coronavirus cases.
COVID-19 Vaccine Verdicts Loom As Next Big Market Risk
Optimism that vaccines are on the way to end the coronavirus pandemic has been a major factor in this year’s U.S. stock resurgence. That will face a critical test in coming weeks, as investors await clinical data on whether they actually work.
Oil Edges Up As U.S. Storm Eases, But Recovery Fears Persist
Oil rose in early trade on Tuesday, paring sharp overnight losses, as the latest tropical storm in the Gulf of Mexico lost strength, but worries about fuel demand persisted with flareups around the globe in coronavirus cases.
Asian Stocks Fall On Concerns About Fresh Lockdowns, Banking Sector
Asian shares opened weaker on Tuesday on concerns about new pandemic lockdowns in Europe and after reports about financial institutions allegedly moving illicit funds hurt global banking stocks.
Closing Prices For Crude Oil, Gold And Other Commodities
Benchmark U.S. crude oil for October delivery fell $1.80 to $39.31 a barrel Monday. Brent crude oil for November delivery fell $1.71 to $41.44 a barrel.
Wall Street Tumbles To Seven-week Low On Virus Fears, Stimulus Fog
Wall Street's main indexes tumbled to their lowest in nearly seven weeks on Monday, with the Dow shedding as much as 900 points, as worries about fresh coronavirusdriven lockdowns spilled over from Europe.
J.P. Morgan Opens Way For COVID Support With Key Bond Index Changes
J.P. Morgan's prominent bond index division has made a key rule change that could pave the way for some of the world's poorest countries struggling with the COVID19 pandemic to receive Brady bondstyle debt relief.