Business
Opportunity for Banks in Rural Sector in Post Covid-19 Scenario, Says Bandhan Bank Chief Chandrasekhar Ghosh
Bandhan Bank has already disbursed around Rs 3,500 crore in rural locations last month, Ghosh said during a webinar organised by the MCCI.
U.S. says it seized four Iranian fuel shipments en route to Venezuela
The United States said on Friday it has seized four Iranian fuel shipments en route to Venezuela and confiscated the cargoes, disrupting a key supply line for both Tehran and Caracas as they defied U.S. sanctions.
U.S. second-quarter productivity rises at its fastest pace in 11 years
U.S. worker productivity increased at its fastest pace in 11 years in the second quarter as hours plunged amid the COVID19 pandemic, leading to an acceleration in labor costs.
EU agrees first COVID-19 vaccine deal with AstraZeneca in WHO blow
The European Union has agreed to buy at least 300 million doses of AstraZeneca's potential COVID19 vaccine in its first such advance purchase deal, which could weaken plans led by the World Health Organisation for a global approach.
Euro zone trade surplus surges as imports drop, GDP and employment post record falls
The euro zone's trade surplus with the rest of the world ballooned in June to 21.2 billion euros ($25 billion) as the bloc's drop in imports of goods outpaced the fall of exports amid a global slide in trade due to the COVID19 pandemic.
India Can Emerge as Great Destination for Countries Searching for Import Alternatives: Gadkari
In a bid to boost 'self-reliant India' endeavour, Gadkari urged industry bodies like FICCI to identify the sectors heavily reliant on imports and look for substitutes towards indigenous production for export growth from India.
Global shares mixed on lackluster China economic data
Global shares were mixed in cautious trading Friday as investors studied fresh data out of China showing that its recovery remains subdued.
Australia's NAB urges high-risk clients to sell homes soon
National Australia Bank Ltd on Friday urged customers at high risk of default on their loans to sell their properties sooner rather than later, as it reported ballooning credit impairment charges during the quarter.
S&P 500 dips but index not far from record levels
The S&P 500 eased in afternoon trading on Thursday after briefly trading above its record closing high level for a second day, with the Dow also falling in the wake of a disappointing forecast from Cisco Systems Inc .
S&P 500, Nasdaq rise as Apple nears $2 trillion in market cap
The S&P 500 and Nasdaq rose on Thursday, with Apple inching toward $2 trillion in market capitalization, as data showed jobless claims fell below one million last week for the first time since the start of the pandemic in United States.
Nasdaq rises as Apple nears $2 trillion in market cap
The Nasdaq Composite rose on Thursday as Apple inched toward $2 trillion in market capitalization, while the S&P 500 and Dow indexes were flat with data signaling a faltering labor market recovery.
How a Texas shale supplier's founders made fortunes as the firm failed
On July 7, the board of directors at Texas fracking sand supplier HiCrush granted nearly $3 million in bonuses to four top executives, including $1.35 million for CEO and founder Robert Rasmus.
SoftBank-backed KE Holdings raises $2.12 billion in U.S. listing
SoftBankbacked Chinese owner of real estate platforms KE Holdings Inc on Thursday raised $2.12 billion in a U.S. initial public offering that was priced above the target range.
China data mystery prompts talk of stealth PBOC bond buying
A mysterious increase in Chinese government bond (CGB) holdings by unknown investors has prompted speculation that China's central bank has bought the debt in recent months to bolster the country's economic recovery.
Exclusive: Chilean regulator preps sweeping Atacama review as it abandons SQM legal battle
Chile's environmental regulator has withdrawn from its legal battle to defend a compliance plan by lithium miner SQM that it approved last year, according to a filing seen by Reuters, a decision that could prove a major setback as the miner seeks to ramp...
Australia's AMP unveils capital return, first-half profit nearly halves
Australia's AMP Ltd said on Thursday it would return A$544 million ($389 million) to shareholders through a special dividend and buyback, and repurchase a 15% stake in its funds management arm.