Business

Benchmark U.S. crude oil for December delivery rose $1.01 to $39.57 a barrel Tuesday. Brent crude oil for December delivery rose 74 cents to $41.20 a barrel.

Novartis joined rivals Merck, Johnson & Johnson and Roche in predicting the worst of the pandemic may be over for drugmakers, amid signs healthcare systems have learned how to cope with surging infections without shutting down all services.

German airline Lufthansa expects a very slow demand recovery in the face of the resurgent COVID19 pandemic and now hopes to reach roughly half of its precrisis capacity over the course of next year, a board member told Reuters.

Merck & Co Inc on Tuesday said it expects to report results from earlystage studies of two potential COVID19 vaccines before the end of the year and has advanced an experimental antiviral drug into latestage testing.

When the coronavirus pandemic slammed the United States in March, the Detroit Three automakers shut their plants and brought their North American vehicle production to an unprecedented cold stop.

Caterpillar is reporting a thirdquarter profit of $668 million and topped most expectations, though demand for its equipment is being driven down by the pandemic.

Swiss chocolate sales fell 14.3% in the first eight months of the year as the COVID19 pandemic hit travel retail and the industry's business with hotels and restaurants.

Wall Street's indexes fell sharply on Monday as soaring coronavirus cases and a deadlock in Washington over the next fiscal aid bill darkened the economic outlook in the run up to the Nov. 3 presidential election.

The Dunkin doughnuts and coffee chain confirmed it's held talks to be taken private by a private equity firm, sending shares rocketing to an all-time high at the opening bell Monday.

Gold prices fell to an over oneweek low on Monday, as the dollar firmed and talks about the new U.S. coronavirus aid package showed no signs of progress.

With 3.5 lakh direct employees in the group’s many businesses, the retrospective salary restoration and arrears would put money in the hands of the group’s employees during festival season.

Saudi Basic Industries Corp (SABIC), the world's 4thbiggest petrochemicals firm, reported a 47% rise in thirdquarter profit, beating estimates on higher sales and output, but warned it still faces price pressures for some time to come.

When Lee Kun-hee inherited the chairmanship of the Samsung group in 1987, founded by his father as a fish and fruit exporter it was already the country's largest conglomerate, with operations ranging from consumer electronics to construction.

Benchmark U.S. crude oil for December delivery fell 79 cents to $39.85 a barrel Friday. Brent crude oil for December delivery fell 69 cents to $41.77 a barrel.

Longhaul, lowcost carrier AirAsia X Bhd has run out of money and needs to raise up to 500 million ringgit ($120.60 million) to restart the airline, deputy chairman Lim Kian Onn said in a newspaper interview published on Saturday.

Gold fell and was on the way to its first weekly decline in three weeks on Friday, as fading chances of a U.S. stimulus agreement before the Nov. 3 presidential election dented the metal's appeal as an inflation hedge.