Business

The S&P 500 posted a nominal gain on Friday as further clarity regarding the timeline for the development of a coronavirus vaccine and much betterthanexpected retail sales data and brought buyers back to the market.

The S&P 500 advanced on Friday as further clarity regarding the timeline for the development of a coronavirus vaccine and much betterthanexpected retail sales data and brought buyers back to the market.

The widespread adoption of health measures, allowing restart with economic activities while the pandemic is still there, Georgieva, the International Monetary Fund (IMF) Managing Director, said.

Participating in the 102nd meeting of the World Bank Development Committee Plenary, Sitharaman said the COVID-19 pandemic, which started before its last meeting in April, continues to impact the developing and developed countries.

The court's order came on Thursday after it took cognisance of a chargesheet filed by the ED against Bhandari, linked foreign companies and others on June 1 under various sections of the Prevention of Money Laundering Act (PMLA).

Intra-day, the 30-share benchmark swung over 426 points, touching the day's peak at 40,125.71 and the lowest level at 39,700. The NSE gauge Nifty settled 82.10 points or 0.70 per cent up at 11,762.45.

A former unit of bankrupt airbag maker Takata Corp shipped 9 million seat belts to car companies in Japan with inaccurate test data that could result in around 2 million safety recalls, the Nikkei newspaper reported on Friday.

Oil prices fell on Friday on concerns that major producers will move ahead with plans to ease their supply cuts even as a spike in COVID19 cases in Europe and the United States is curtailing demand in two of the world's biggest fuel consuming regions.

Oil prices eased on Thursday as new restrictions to stem a surge in COVID19 infections dimmed the outlook for economic growth and fuel demand.

Global shares closed lower on Thursday as investors shied from risk and sought safe havens such as the U.S. dollar on fears that a resurgence in coronavirus cases and a lack of more U.S. fiscal stimulus would hobble the world economy.

Stocks closed lower on Wall Street Wednesday, extending the markets losses from a day earlier, as talks dragged on in Washington over another economic stimulus package.

A much-hyped network upgrade called 5G means different things to different people.

Halloween is still weeks away, but retailers are hoping you'll start your holiday shopping now.

Speaking at the Energy Intelligence Forum 2020, Oil Minister Dharmendra Pradhan said fuel demand is expected to reach pre-COVID-19 levels in the first quarter of the 2021 calendar year.

Deepak Kochhar was arrested by the ED in September under the Prevention of Money Laundering Act (PMLA) in the ICICI Bank-Videocon money laundering case.

Chinas trade growth accelerated in September as the worlds secondlargest economy recovered form the coronavirus pandemic.