Business

Fear is ebbing on Wall Street, with stocks on a bull run in the midst of the global coronavirus pandemic.

Gold inched up on Thursday, regaining ground from a more than 3% slide the previous session after the U.S. Federal Reserve minutes highlighted the uncertainties surrounding economic recovery from a pandemicinduced slump and dented risk appetite.

The Federal Reserve's doubts over the U.S. economic recovery kept markets in the red on Thursday, even though European stock indexes spent the morning recovering from initial losses.

Indian Oil Corporation Ltd , the country's top refiner, will restart all units at its 300,000 barrels per day (bpd) Paradip refinery in Odisha by Saturday, a government official said on Thursday.

Justice Bharati Dangre granted them bail as the Enforcement Directorate (ED) failed to file its charge sheet against them in the case within the stipulated 60-day period. The court directed the duo to deposit Rs one lakh each as surety and surrender their...

Premier Oil said on Thursday it has agreed to terms for a longterm refinancing of its debt facilities, including $300 million of new equity and an extension to its credit maturities, after posting a firsthalf loss on weak crude prices.

Indian shares tracked their global counterparts to edge lower on Thursday on rising concerns about the long and difficult path to economic recovery from the coronavirus pandemic.

Rakuten Inc Chief Executive Hiroshi Mikitani has urged Japan's government to review its entry restrictions on foreign nationals, saying prolonged imposition of COVID19 curbs risks tarnishing Japan's appeal and causing innovation to stagnate.

Nvidia Corp forecast thirdquarter sales above expectations on Wednesday, but results from the data center business of the rising semiconductor industry star disappointed some investors, pressuring shares.

Mauritius said on Wednesday it planned to scuttle the Japaneseowned bulk carrier that ran aground off its shores and spilled oil over pristine waters and fragile coral reefs.

Australia and New Zealand Banking Group Ltd resumed dividend payouts after halting them early this year due to the coronavirus pandemic, and posted a quarteronquarter jump in profit on a modest rise in additional provisions for bad loans.

Global equities edged higher and the dollar fell to twoyear lows on Tuesday as the broad U.S. stock market scaled new peaks helped by betterthanexpected corporate earnings by retailers such as Walmart reporting record online sales.

Has Wall Street missed the news that we are in a pandemic?

Chinese buyers struck deals to buy 195,000 tonnes of American corn, the U.S. Department of Agriculture said on Tuesday, as China grapples with spiking domestic prices.

U.S. Treasury Secretary Mnuchin on Tuesday declined comment about a report that Oracle Corp had entered the bidding for TikTok, but said any deal to acquire the Chineseowned short video app would protect U.S. data.

Walmart Inc posted its biggestever growth in online sales on Tuesday as shoppers placed orders for everything from electronics and toys to groceries from the safety of their homes amid the COVID19 pandemic.