Business

Crude oil prices remained steady on Monday as storms closed in on the Gulf of Mexico, shutting more than half the region's oil production, although prices were capped by ongoing concerns about fuel demand being sapped by coronavirus lockdowns.

Asian stock markets rose Monday after Wall Street hit a new high despite lingering unease about a possible second wave of coronavirus infections.

In a video excerpt, Trump initially told interviewer Steve Hilton “we don’t have to” do business with China, and then later said about decoupling: “Well it’s something that if they don’t treat us right I would certainly, I would certainly do that.”

The report was scheduled to be tabled in the last session of Parliament but could not be done as the session had to be curtailed following the outbreak of coronavirus pandemic.

European Central Bank policymakers debated last month the extent of their flexibility in conducting emergency bond purchases as part of unprecedented efforts to revive the euro zone economy, the accounts of their July meeting showed on Thursday.

The Japanese government has signed a contract with a Deloittelinked consulting group to distribute coronavirus relief payouts following public anger over a previous deal involving advertising giant Dentsu .

The Organization of the Petroleum Exporting Countries and its allies, known an OPEC+, said on Wednesday that the pace of oil market recovery appeared to be slower than anticipated with growing risks of a prolonged second wave of the pandemic.

Wall Street finished lower on Wednesday after the Federal Reserve raised concerns that the U.S. economic recovery from the devastating effects of the pandemic faced a highly uncertain path.

As shoppers raise grocery spending due to the COVID19 pandemic, plantbased egg startup JUST said it aims to turn an operating profit before the end of next year and then will consider an initial public offering.

Investors fled drug developer BioMarin in droves on Wednesday, driving shares down by a third after U.S. regulators rejected the companys potentially gamechanging gene therapy for hemophilia A patients.

The uncertain outlook on inflation in the short term has already led the Monetary Policy Committee to hold the interest rates in August and has also diminished the likelihood of any further rate cut in the near term, Acute Ratings and Research said.

The dollar and global equities edged higher on Wednesday, with stocks on Wall Street extending their recordbreaking rally, as investors set aside new U.S.China tensions for details later in the day on Federal Reserve efforts to keep the economy humming.

When ridehailing heavyweights Uber and Lyft and delivery giants Grubhub and Instacart began making shared rides and meals available with a few taps on a smartphone, they transformed the way people work, travel and get food delivered to their homes.

Alcon on Wednesday posted a wider secondquarter loss as the Swiss eyecare products maker increased provisions for expected COVID19 related credit losses.

Australian casino giant Crown Resorts Ltd said on Wednesday it was betting on domestic gambling to bolster profit as an international travel ban triggered by the coronavirus pandemic wiped out much of its annual earnings.

Australia's biggest grocer Woolworths said on Wednesday it is paying A$552 million ($399.4 million) for about twothirds of PFD Food Services and its properties as the coronavirus pandemic reshapes the industry.