Business

After the slide it was the seesaw for markets on Friday, as stocks in large parts of the world, the euro and Dr Copper all headed for their worst weeks since peak coronavirus panic, and the dollar cemented its best run since April.

Physical gold demand limped higher in top Asian hubs this week, with dealers in India easing discounts to the lowest level in six weeks, as a drop in prices saw a little interest return in the precious metal.

U.S. auto safety regulators are investigating speed sensor problems with MercedesBenz Sprinter fullsize vans that could cause unwanted acceleration.

Gold inched higher on Friday on renewed hopes of more U.S. stimulus measures, though the bullion was on track for its biggest weekly decline in more than a month pressured by a stronger dollar.

According to a notification issued by the corporate affairs ministry, the suspension of fresh proceedings under the Insolvency and Bankruptcy Code (IBC) has been extended for a "period of three months from the 25th September, 2020".

The European Commission launched an investigation on Thursday into imports of optical fibre cable from China, which EU manufacturers believe are being sold in Europe at artificially low prices.

Rite Aid topped Wall Street expectations for the fiscal second quarter and gave a revised annual forecast, one quarter after withdrawing it due to COVID-19 uncertainty.

Gold dropped to a more than twomonth low on Thursday, weakened by a robust dollar and as analysts said the lack of additional stimulus measures reduced the metal's appeal.

TikTok owner ByteDance has applied for a licence in China in line with the country's tech export requirements, as it strives to seal a deal with Oracle Corp and Walmart Inc for TikTok's U.S. operations to stave off a U.S. ban on the app.

U.S. crude stocks, gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.

The German cabinet on Wednesday approved Finance Minister Olaf Scholz's draft budget for next year which envisages net new debt of 96.2 billion euros ($112.43 billion) to finance further measures to tackle the coronavirus crisis, an official said.

Investors in China are betting on a bumpy ride until the end of the U.S. presidential election and seeking to protect their assets from a long chill in SinoU.S. ties.

This is also the second investment by KKR in a Reliance enterprise. In May, 2020, KKR said it will invest Rs 11,367 crore in Jio Platforms.

Brookfield Properties, one of the nation's largest mall operators, is cutting 20% of its workforce in its retail division, as the pandemic has accelerated online shopping and resulted in a string of store closings.

Tesla is expected to announce a breakthrough in electric vehicle battery chemistry on Tuesday that could bring down the cost of the vehicles and increase their range and durability.

China's markets regulator said on Tuesday it has fined a group of 45 firms, including Luckin Coffee, a combined 61 million yuan ($8.98 million) for acts linked to Luckin's falsification of financial records and misleading of the public.