Business

Benchmark U.S. crude oil for December delivery rose 9 cents to $41.45 a barrel Wednesday. Brent crude oil for January delivery rose 19 cents to $43.80 a barrel.

Presidentelect Joe Biden is likely to start his term faced with the worst public health crisis in decades and an economy still reeling from a sharp coronavirusled contraction earlier this year.

Wall Street's main indexes advanced on Wednesday as signs of a working COVID19 vaccine raised hopes of a fasterthanexpected economic rebound, with technology stocks bouncing back from steep losses this week.

The U.S. government's road safety agency is investigating complaints that the rear suspensions on some older Cadillac SUVs can fail, causing drivers to lose control and possibly crash.

Havana airport will open to regular commercial flights on Sunday after being closed for seven and a half months due to the coronavirus pandemic, Cuban staterun media said late on Tuesday citing Cuba's Institute of Civil Aeronautics.

Louis Dreyfus Company (LDC) has agreed to sell a large stake to Abu Dhabibased holding company ADQ, marking the first external investment into the familyrun commodity group, founded by Leopold LouisDreyfus in 1851.

Former Atlantia chief executive Giovanni Castellucci has been put under house arrest in a probe related to a deadly 2018 Genoa bridge collapse, three sources with knowledge of the matter told Reuters.

Taking a break from fighting the coronavirus crisis, the world's top central bankers will attempt to resolve the existential questions of their profession this week as they tune into the European Central Bank's annual policy symposium.

Gold regained some lost ground on Tuesday after a sharp fall in the previous session as concerns over global economic recovery and expectations of further fiscal and monetary stimulus offered support to the safehaven metal.

Benchmark U.S. crude oil for December delivery rose $3.15 to $40.29 a barrel Monday. Brent crude oil for January delivery rose $2.95 to $42.40 a barrel.

General Motors says it will hire 3,000 more technical workers by early next year to help with virtual product testing and to develop software as a service.

Oil jumped by almost 10% on Monday for its biggest daily gain in almost six months after news of a highly effective Pfizer vaccine against COVID19 and Saudi Arabia's assurance that an OPEC+ oil output deal could be adjusted to balance the market.

Indian markets closed at a record high on Monday as Democrat Joe Biden's win in the U.S. election led to a weaker dollar, fuelling hopes for more fund inflows into emerging markets, with domestic IT stocks gaining after a report said the Presidentelect pl...

The Norwegian government will not provide additional financial support for pandemichit Norwegian Air the Industry Ministry and the Ministry of Transportation said in a statement on Monday.

Investors expecting an imminent COVID19 vaccine are beginning to buy bank stocks and industrials in anticipation of a roaring return in consumer confidence, though many remain wary of risks in sectors ravaged by the pandemic.

Volvo Cars is recalling 54,000 U.S. vehicles for an air bag defect after a report of one crash death, according to a filing with U.S. regulators.