Business

Remittances across the world could decline by $108.6 billion this year as job losses mount and employers trim payrolls amid a COVID19 pandemic that has devastated economies, according to a report by the Asian Development Bank.

One day later, the administration of President Donald Trump announced a $765 million financing deal with Eastman Kodak, and in the days that followed the stock soared, making those additional options now held by executive chairman Jim Continenza worth ten...

Foreign investors made record net purchases of Chinese bonds traded through the country's Bond Connect programme in July, boosted by record yield premiums over U.S. debt.

U.S. stocks fell on Friday as uncertainty over the government's next coronavirus aid exacerbated economic worries related to the pandemic, countering early euphoria from stunning quarterly results by Apple, Amazon.com and Facebook.

Global funds recommended cutting equity holdings in July to the lowest in four years and suggested keeping bond allocations unchanged from June, amid worries the coronavirus pandemic is hobbling a nascent economy recovery, a Reuters poll of showed.

The NSE Nifty 50 index fell 0.26% to 11,073.45 and the S&P BSE Sensex dropped 0.34% to 37,606.89. For the week, the NSE and BSE indexes slid for the first time since mid-June by 1.08% and 1.37%, respectively.

Traders on CME Group's Comex exchange in New York said on Thursday they would deliver 102 tonnes of gold to holders of expiring futures contracts, in the biggest oneday delivery on record.

Procter & Gamble Co forecast fullyear sales and profit above Wall Street expectations on Thursday, benefiting from a surge in demand for detergents and toilet paper as pandemic lockdowns prompt cleaning drives at homes.

Federal Reserve Chair Jerome Powell on Wednesday acknowledged the slowdown in activity. The US central bank kept interest rates near zero and pledged to continue pumping money into the economy.

The topics on agenda for the meeting included credit products and efficient models for delivery, financial empowerment through technology, prudential practices for stability and sustainability of the financial sector.

General Electric Co reported $2.18 billion in quarterly losses on Wednesday, hurt by weakness in its aviation and power units due to the COVID19 pandemic, but its free cash outflow came in better than expected.

After moving recordlarge Canadian oil volumes by rail just five months ago, shippers have hit the brakes, idling thousands of cars and tens of millions of dollars' worth of infrastructure.

Pfizer Inc Chief Executive Albert Bourla said the drugmaker could rethink plans to expand in the United States if the country implements an executive order signed by President Donald Trump last week that would tie the prices Medicare patients pay for dru...

Pfizer Inc beat analysts' estimates for secondquarter profit on Tuesday and raised its fullyear earnings forecast, as demand for cancer drug Ibrance and blood thinner Eliquis offset lower uptake of other treatments in the COVID19 pandemic.

Bharti Airtel Chairman Sunil Mittal in his message to shareholders said that while it is clear that the 'worst may be behind for India's telecom industry', it is yet to emerge from the woods.

The Central Bank of Sri Lanka can make drawals of US Dollar, Euro or Indian Rupee in multiple tranches up to a maximum of $400 million or its equivalent under a currency swap agreement, the RBI said