Business

Lufthansa does not expect air travel demand to return to precoronavirus crisis levels until at least 2024, as the German airline posted a 1.7 billion euro quarterly operating loss.

Approvals for a potential COVID19 vaccine later this year could threaten the recent surge in speculative investment in big U.S. technology companies and pull investors back towards more traditional growthlinked cyclical stocks, according to analysts at Go...

AstraZeneca PLC has signed an exclusive framework agreement with China's Shenzhen Kangtai Biological Products to supply its COVID19 vaccine candidate in mainland China, the British pharmaceutical giant said on Thursday.

Britain's banks hold enough capital to keep on lending to the country's companies and also to absorb billions in losses likely to arise due to the COVID19 pandemic, the Bank of England said.

Merck KGaA on Thursday was more upbeat about its worstcase scenario for fullyear earnings, as patients previously deterred by lockdown measures begin to seek the company's treatments again.

Credit Agricole SA, France's secondbiggest listed bank, reported a 22% drop in quarterly profit on Thursday as it took extra provisions against loans that may sour due to the COVID19 crisis.

A resurgence in coronavirus cases is slowing the economic recovery and the pandemic will continue to weigh on the U.S. economy and American life for longer than initially expected, three Federal Reserve policymakers said on Wednesday.

Australia's largest financial advisory firm AMP Ltd said on Thursday Alex Wade resigned as the chief executive of its domestic wealth arm, as the unit navigates hefty outflows and lawsuits.

The six-member Monetary Policy Committee (MPC), headed by the RBI Governor, is scheduled to announce its decision on August 6. This is the 24th meeting of the MPC.

U.S. crude oil stockpiles fell sharply last week as refining rates hit their highest since March, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday.

Moderna Inc said on Wednesday smaller volume agreements for its experimental coronavirus vaccine have been priced in the range of $32 to $37 per dose, higher than the price set by the U.S. deal for Pfizer Inc's vaccine candidate.

According to traders, despite positive cues from global markets and sustained foreign fund inflows, stock-specific action dictated domestic market movement during the day.

Commerzbank expects a writedown on loans to collapsed payments firm Wirecard and fallout from the coronavirus crisis to result in a loss for the year, compounding the challenges already facing Germany's secondlargest bank.

Oil prices rose on Wednesday after inventory data showed a big drop in U.S. crude stocks although gains were capped by concerns over fuel demand with mounting global COVID19 cases.

British new car registrations rose by roughly 11% year on year in July, according to preliminary industry data for the first full month that showrooms were allowed to reopen across the United Kingdom as lockdown measures eased.

Virgin Atlantic Airways Ltd is seeking protection from creditors in the United States under Chapter 15 of the U.S. Bankruptcy Code, which allows a foreign debtor to shield assets in this country, according to a court filing on Tuesday.