Business

Argentina's day of reckoning has arrived.

Gold rose 1% on Friday, on course for its first weekly gain in three, as the dollar retreated and the U.S. Federal Reserve's stance reinforced expectations of a prolonged low interest rate environment.

A U.S. judge on Friday will hear arguments over whether two Massachusetts men can be extradited to Japan to face charges that they helped former Nissan Motor Co Ltd Chairman Carlos Ghosn flee the country to avoid facing financial charges.

The Indian rupee rose its highest level in nearly six months on Friday, gaining for a third straight session, with traders saying the central bank refrained from currency intervention as foreign investors piled into equity markets.

Tesla Inc shares continued their meteoric rise on Thursday, scoring yet another record high and further expanding the distance between the Silicon Valley electric carmaker and its traditional auto industry rivals.

Book-publishing executive Dawn Davis is Bon Appetit's new top editor, taking the helm following a reckoning on race and culture at the food magazine.

A gauge of world equity markets and the dollar rose on Thursday after the Federal Reserve said it would roll out an aggressive new strategy that aims to boost employment and allow inflation to run a bit faster for longer than in the past.

Germany's Delivery Hero has agreed to buy online grocery marketplace InstaShop for an initial $270 million, as it branches out of online takeaway meals into new services.

Halfyear earnings at Paddy Power, Betfair and Poker Stars owner Flutter Entertainment rose 35% yearonyear as a jump in poker and gaming players more than offset a global sports shutdown at the world's largest online betting group.

The world's biggest advertising company WPP said it had resumed its dividend as a sign of confidence after cost cuts and a switch to faster ad production helped it to beat dire forecasts for secondquarter trading.

RBI Governor Shaktikanta Das said there is a scope for banks to improve their ability to avert frauds from happening and added that their risk frameworks should be able to smell vulnerabilities.

Oil prices held steady on Thursday as a massive hurricane in the Gulf of Mexico raced towards the heart of the U.S. oil industry, which has forced oil rigs and refineries to shut down production.

General government debt-to-GDP ratio stood at 75 per cent in FY20, as per the report by economists of Motilal Oswal Financial Services.

A gauge of global equity markets hit an alltime peak on Wednesday, after the S&P 500 and Nasdaq indexes set fresh records on upbeat corporate results, while the dollar eased ahead of a highly anticipated speech by Federal Reserve Chairman Jerome Powell.

Pilots from Boeing Co and Transport Canada were set to take off later on Wednesday morning on a flight test of the 737 MAX jetliner, grounded worldwide after two fatal crashes, according to one industry source and FlightAware data.

Real estate developers had been asking for a reduction in stamp duty following the lockdown to encourage homebuyers to buy properties during the pandemic.