Business

A decline in U.S. Treasury yields over recent weeks has investors eyeing the approach of an unusual phenomenon the entire U.S. yield curve sinking below 1%.

Societe Generale SA said on Monday it hoped to put all "the bad news" behind it following two straight quarterly losses that have prompted a revamp of its struggling markets unit.

Infections in India crossed 1.8 million on Monday after a record daily jump over the weekend which saw the country's interior minister testing positive.

Japan's factory activity contracted at the slowest pace in five months in July, in a sign that pressures on manufacturers were easing somewhat and raising hopes that the worst impact from the coronavirus pandemic was over.

The U.S. economy could benefit if the nation were to "lock down really hard" for four to six weeks, a top Federal Reserve official said on Sunday, adding that Congress can well afford large sums for coronavirus relief efforts.

LATAM Airlines is poised to fire at least 2,700 workers in Brazil, including pilots, starting with a voluntary redundancy process slated to commence next week, O Globo and O Estado de S. Paulo newspapers reported on Saturday.

Chilean regulators have rejected lithium producer SQM's $25 million environmental compliance plan for the Atacama salt flat, requesting the miner to start again from scratch, a filing showed.

Divestment beyond majority stake is the first step because it will help relax the fiscal constraint in terms of dependence of public sector banks on the government for capital, he said.

U.S. crude oil production plummeted in May, falling a record 2 million barrels per day to 10 million bpd, the U.S. Energy Information Administration said in a monthly report Friday.

On the price rise scenario, it said the situation has evolved in such a way that while the end consumer is paying high for food articles, the farmer is getting less because of a dip in wholesale prices.

Thyssenkrupp said on Friday it had closed the 17.2 billion euro ($20.4 billion) sale of its elevator division to private equity firms, giving the conglomerate a cash lifeline but robbing it of its best asset.

Traders on CME Group's Comex exchange in New York said on Thursday they would deliver 102 tonnes of gold to holders of expiring futures contracts, in the biggest oneday delivery on record.

United Airlines has told its pilots it may need more furloughs than originally planned this year and next due to a worsening industry outlook as COVID19 cases rise, unless there is another bailout or unions agree to reduce costs until demand returns, a m...

The U.S. economy contracted at its steepest pace since the Great Depression in the second quarter as the COVID19 pandemic shattered consumer and business spending, and a nascent recovery is under threat from a resurgence in new cases of coronavirus.

Rising OPEC and U.S. oil supply, coupled with stalled economic and crude demand recovery, have pushed the futures market structure back to indicating a surplus, last observed during oil's collapse in April and May amid the coronavirus pandemic.

McDonald's Corp laid out new diversity initiatives for corporate leadership, franchisees and suppliers at its global convention on Wednesday.