Business

The Federal Reserve on Thursday rolled out an aggressive new strategy to restore the United States to full employment and lift inflation back to healthier levels in a world where it now believes that "downward risks to employment and inflation have increa...

At a webinar on Thursday, bankers were of the view that the real problem was not risk aversion but lack of demand, which only the government can help revive.

Speaking at an event organised by the Business Standard newspaper, Das said factors like an improved debt-to-gross domestic product ratio, an in-check fiscal deficit, well-controlled inflation and a sharply better current account were all positive for the...

South Korea's central bank kept interest rates steady on Thursday, but sharply downgraded its 2020 growth outlook and kept the door open for more monetary stimulus to support an economy hard hit by the coronavirus pandemic.

Asian shares touched twoyear peaks on Thursday in the wake of Wall Street's record run as cheap cash drove up bigcap tech darlings, although SinoU.S. tensions caused caution to creep in as the session progressed.

The United States on Wednesday blacklisted 24 Chinese companies and targeted a number of individuals it said were part of construction and military actions related to disputed islands in the South China Sea.

U.S. Secretary of State Mike Pompeo on Wednesday said the United States was "dismayed" by British bank HSBC's reported actions toward certain Hong Kongrelated accounts, including those linked to prodemocracy publisher Next Media, and said China was "bull...

Novartis drug candidate asciminib notched a trial win against Pfizer's Bosulif, the Swiss drugmaker said on Wednesday, as it pushes to expand medicines for chronic myeloid leukaemia in patients for whom other treatments stopped working.

Gold prices globally witnessed a drop of 0.03 per cent. Global price stands at $1927.9, 2.29 per cent lower than average gold price observed in the past 30 days. The average price is $1972.

The U.S. Justice Department charged Teva Pharmaceutical Industries Ltd on Tuesday with conspiring with competitors to raise prices for generic drugs.

Nordstrom Inc. on Tuesday reported a largerthanexpected loss and a 53% drop in sales for its fiscal second quarter, during which the pandemic forced the upscale department store chain to temporarily close its stores.

The U.S. Justice Department is preparing to charge Teva Pharmaceutical Industries Ltd with conspiring with competitors to raise prices for generic drugs, according to a person familiar with the matter.

The S&P 500 was little changed on Tuesday with investors staying on the sidelines following a threeday rally, as optimism from U.S. and China officials pledging firm commitment to a Phase 1 trade deal petered out.

Crude oil prices rose on Tuesday, headed toward a fivemonth high as U.S. producers shut most output in the Gulf of Mexico ahead of Hurricane Laura even as rising coronavirus cases in Asia and Europe capped gains.

According to Sebi, this led to non-compliance with the provisions of the SECC or  Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations.

The balance sheet increased by Rs 12,318.88 billion (Rs 12,31,888 crore) to Rs 53,347.93 billion (Rs 53,34,793 crore) during the year ending June 30, 2020, representing a growth of 30.02 per cent, the report said. The balance sheet of the Reserve Bank pla...