Business

Oil prices edged lower on Tuesday, mostly holding onto overnight gains after OPEC+ said the producer grouping is almost fully complying with output cuts to support prices amid a drop in demand for fuels due to the coronavirus pandemic.

Stocks that moved heavily or traded substantially Monday:

Robinhood Markets Inc, the fintech startup credited with helping popularize trading among millennials, said on Monday it has raised $200 million from investment firm D1 Capital Partners at a valuation of $11.2 billion.

China's JD.com Inc beat analysts' estimates for quarterly sales on Monday, as the firm benefited from a shift in shopping habits of domestic consumers who have largely moved to online ever since the outset of the COVID19 pandemic.

Sanofi SA is set to buy U.S.based Principia Biopharma Inc for around $3.7 billion, the companies announced on Monday, marking the French drugmaker's latest acquisition in the U.S. biotech sector.

The Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+, agreed record output cuts to tackle the fallout from the COVID-19 pandemic.

Oil prices rose on Monday following news China plans to ship large volumes of U.S. crude in August and September, which outweighed concerns over a slowdown in demand recovery after the coronavirus pandemic and an uptick in supplies.

French healthcare company Sanofi SA has agreed to buy U.S. company Principia Biopharma Inc for around $3.7 billion, the companies said on Monday, strengthening Sanofi's presence in research and development (R&D) areas.

India's GDP is likely to contract in financial year 2020-21, which would be the first such instance in over four decades, Hindalco Industries Chairman Kumar Mangalam Birla said in a letter to shareholders.

Argentina’s government on Sunday officially unveiled its amended bond restructuring offer in the state gazette and said creditors would have until August 28 to approve it.

Reported greenhouse gas emissions from Canada's oilpatch have more than doubled in the year's first half as changes to how they are measured revealed a more extensive picture of environmental damage, previously unreported industry data show.

Israel's economy contracted by an annualised 28.7% in the second quarter, the Central Bureau of Statistics said on Sunday, with the coronavirus pandemic harming consumer spending, trade and investment.

.The expenditure department has framed draft regulations for salary payments in case of appointment of retired central government employees and has invited comments of departments within 10 days.

Shares of German biotechnology firm CureVac BV soared as much as 222% after their Nasdaq debut on Friday, in the first stock market opening of a company developing a potential vaccine to combat the novel coronavirus.

Prominent fund managers dove into technology and consumer stocks during the second quarter, helping fuel a rally that has pushed the benchmark S&P 500 near record highs despite the economic toll of the coronavirus pandemic, regulatory filings released on...

The S&P 500 was near flat, hovering below record highs, on Friday as data showed the U.S. economy was still hurting from the COVID19 pandemic, adding to uncertainty over the recovery.