Business

Global shares stepped back on Wednesday as soft U.S. retail sales fuelled worries that rising coronavirus cases could stifle a still fragile economic recovery, dampening the euphoria from vaccine trial breakthroughs.

Love it or hate it, a much broader universe of portfolio managers will soon have to take a stance on Tesla's stock, which surged 8% on Tuesday following the announcement that it will join the S&P 500.

EasyJet's bookings jumped by 50% last week on positive news about a coronavirus vaccine, a brief respite during a pandemic which pushed the British airline to a 1.27 billion pound ($1.68 billion) annual loss, the first in its history.

OPEC and its allies see oil inventories declining further in 2021 should producers extend supply curbs for three months or more, a confidential document seen by Reuters shows, supporting the case for a tighter policy on crude output next year.

When I hear financial tips that are unrealistic or shame-inducing, I cringe. Any advice that makes complicated money moves seem like an easy path to profit is downright dangerous.

The authorities must make Amazon clear the air on the systems it has put in place to ensure that its online marketplace benefits all sellers equally and does not restrict choices available to customers.

Singapore's October nonoil domestic exports (NODX) unexpectedly fell 3.1% from a year earlier, coming in well below forecasts, as both electronics and nonelectronics shipments dropped, official data showed on Tuesday.

Chinese tech giant Huawei is selling its Honor smartphone brand in an effort to rescue the struggling business from damaging U.S. sanctions imposed on its parent company, investors that said they are buying the brand announced Tuesday.

Benchmark U.S. crude oil for December delivery rose $1.21 to $41.34 a barrel Monday. Brent crude oil for January delivery rose $1.04 to $43.82 a barrel.

A gauge of global stocks climbed to a record and oil prices jumped on Monday as the latest positive data for a possible COVID19 vaccine and signs of economic recovery in Asia boosted sentiment.

Gregg Lemkau, the cohead of investment banking at Goldman Sachs Group Inc, is set to retire and will be replaced by company veteran Jim Esposito, according to an internal memo sent on Monday that was seen by Reuters.

The head of Peugeot maker PSA Group expects more consolidation in the auto industry as carmakers invest vast sums to make electric vehicles, he said on Monday, while predicting some wouldn't make it through the coming decade.

Suriname's government has asked creditors for a payment deferral on its two bonds, which total $675 million in size, in what analysts said could be a prelude to a broader debt restructuring.

Gold retreated more than 1% on Monday after drugmaker Moderna declared an effective COVID19 vaccine in tests, bolstering hopes for a swifter economic recovery and accelerating a shift into riskier assets.

Israel's economy put on a blistering burst of growth in the third quarter, expanding an annualised 37.9% as consumer spending, exports and investment took off after being hit hard by the coronavirus pandemic in the first half of the year.

In financial parlance, pro-cyclical stocks from sectors such as banking, consumer durables, cement, real estate and metals. However, market observers cautioned about an impending correction due to expensive propositions.