Business

FedEx Corp. more than doubled its profit in the latest quarter, as holiday packages were being stuffed into delivery trucks alongside everyday goods that people buy online to avoid visiting stores during the pandemic.

The Bank of England said it was ready to tolerate an inflation spike in the event of a nodeal Brexit in two weeks' time, but kept its stimulus unchanged as Britain and the European Union enter the end game of their trade deal talks.

British broadband company TalkTalk said on Thursday it has agreed a 1.1 billionpound ($1.5 billion) takeover by shareholder Toscafund and privateequity investor Penta.

Japan has sold 80 tons of gold used for minting coins to another arm of the government to fund part of its huge stimulus package to combat the coronavirus crisis, government officials told Reuters.

Benchmark U.S. crude oil for January delivery rose 20 cents to $47.82 a barrel Wednesday. Brent crude oil for February delivery rose 32 cents to $51.08 a barrel.

The price of bitcoin rose above $20,000 for the first time Wednesday, as the speculative digital currency topped its previous peak reached shortly after it became tradable on Wall Street three years ago this month.

Japan's exports fell in November, dashing expectations for an end to the twoyear run of declines, largely due to weaker U.S. and Chinabound shipments and suggesting a slower pace of recovery for the world's thirdlargest economy.

The Bank of Japan has decided to tap $6 billion in cash from a government account in a rare arrangement to ensure it has enough ammunition to combat any market disruptions caused by a recent resurgence in coronavirus infections.

Around two-thirds of consignments in transit are taking 50 per cent extra time to reach their destinations in Punjab, Haryana, Rajasthan and Delhi-NCR, ASSOCHAM said.

An autonomous vehicle company acquired this year by Amazon has unveiled a four-person robo-taxi," a compact, multidirectional vehicle designed for dense, urban environments.

ONGC was the top gainer in the Sensex pack, rallying around 5 per cent, followed by L&T, NTPC, ICICI Bank, Sun Pharma, HCL Tech, Titan and Kotak Bank.

World Trade Organization negotiators have failed to reach a deal by a yearend deadline to cut subsidies that lead to overfishing, the chairman of the talks told delegates at a closeddoor meeting on Monday, citing delays linked to COVID19.

Japan's cabinet is set to endorse on Tuesday a third extra budget with spending of around 19.2 trillion yen ($185 billion) for this financial year ending in March to fund a new stimulus package, a draft document seen by Reuters showed on Monday.

Japanese business sentiment improved at the fastest pace in nearly two decades in OctoberDecember, a key central bank survey showed, a welcome sign for the economy as it emerges from the initial hit of the coronavirus pandemic.

U.S.based investment group MSP Sports Capital are taking a significant minority stake in the McLaren Formula One team, McLaren Racing said in a statement on Sunday.

Stocks that moved heavily or traded substantially Friday: