Business

The Bank of Japan is expected to keep monetary policy steady on Friday and hope the extension of an existing fundaid package will give companies enough time to weather the hit from a recent resurgence in coronavirus infections.

The report said the revised GDP estimates are based on SBI 'Nowcasting Model' with 41 high frequency indicators associated with industry activity, service activity and global economy.

The Bank of Japan will tap $6 billion in cash from a government account in a rare arrangement to ensure it has enough ammunition to combat any market disruptions caused by a recent resurgence in coronavirus infections.

Apple Inc plans to raise iPhone manufacturing by nearly 30% to up to 96 million units in the first half of 2021, Japanese financial daily Nikkei reported https://s.nikkei.com/3mlVbPC on Tuesday, prompting another jump in the shares of the Californiabased...

World shares steadied on Tuesday and currencies moved in tight ranges as rising COVID19 cases and social restrictions ahead of the busy Christmas shopping season balanced optimism over a vaccinedriven economic recovery next year.

Britain and the European Union are at odds over safeguarding corporate fair play after seven months of negotiations that have yet to yield a deal for tariff and quotafree trade beyond Dec. 31 when London leaves the bloc's orbit.

Union Minister of State for Water Resources Ratanlal Kataria, Lok Sabha MPs Dharamveer Singh and Nayab Singh Saini and Rajya Sabha MP DP Vats and some MLAs were present in the meeting.

Cipla: Pharma major Cipla on Friday said that it had settled its patent litigation with Celgene Corporation relating to patents for Revlimid (lenalidomide).

Fiat Chrysler Chief Executive Mike Manley is in pole position to take over the top job at Ferrari, Italian daily Il Messaggero said on Saturday in an unsourced report.

Shares of Peter Thielbacked AbCellera Biologics Inc, which is codeveloping antibody therapies with Eli Lilly and Co for the treatment of COVID19, surged in their debut on Friday, giving the company a market capitalization of $16.18 billion.

Producers of rare earths, under increasing pressure from their industrial buyers over longstanding pollution issues, are hammering out a single set of global environmental standards, the head of the industry association has told Reuters.

A record rebound in merger activity this year and a rise in litigation has brought with it an upsurge in insurance policies that give companies and private equity firms cover for when a deal goes wrong, industry officials say.

"CBDT issues refunds of over Rs 1,45,619 crore to more than 89.29 lakh taxpayers between 1st April, 2020, to 08th December, 2020," the Finance Ministry said in a tweet.

Asian shares bounced back on Friday as progress on COVID19 vaccines boosted investor sentiment, but tricky Brexit negotiations and U.S. stimulus talks capped gains in riskier assets.

U.S. longterm mortgage rates were unchanged this week, remaining at record low levels against the backdrop of an economy punished by the pandemic.

U.S. consumer prices edged up 0.2% in November as a rise in energy costs and variety of other items offset a drop in food costs.