Business

Oil prices edged lower in postsettlement trade on Tuesday after an industry group reported a bigger build than expected in U.S. crude stockpiles, adding to worries that new coronavirus lockdowns could hit demand.

Hyundai Motor Co is being sued over a string of battery fires in its electric vehicles (EVs), just as General Motors Co recalls nearly 70,000 EVs with batteries from the same maker, LG Chem Ltd .

Oil prices were little changed on Tuesday as worries that lockdowns to fight a new surge in coronavirus cases could hit shortterm demand offset hopes for a vaccine and the possibility of tighter OPEC+ supply policies.

Regulators will propose changes to money market funds next year after pandemic lockdowns in March highlighted how the $6.9 trillion sector struggled under severe stress, a report said.

Americans being stuck at home has led to an explosive year for Home Depot and is latest quarter is no exception.

Norwegianowned cruiseship operator SeaDream Yacht Club has cancelled all sailing for the remainder of 2020 after positive COVID19 test results onboard one of its cruises, it said on Tuesday, dealing a fresh blow to the cruise industry.

World stock markets grabbed a wellearned breather on Tuesday after a second major coronavirus vaccine boost in the space of a week had propelled them higher again and put Europe on course for its best month in nearly three decades.

Tata steel reported consolidated EBITDA of Rs 54 billion, significantly higher than market expectation "driven by out-performance in Standalone India operations," JM Financial Institutional Securities said in a research note.

Saudi Aramco began marketing a fivetranche U.S. dollardenominated bond sale on Tuesday, a document from one of the banks arranging the deal showed.

The broader NSE Nifty gained 74.45 points or 0.58 per cent to a lifetime high of 12,854.70. Tata Steel was the top gainer in the Sensex pack, rising over 4 per cent, followed by Bharti Airtel, SBI, HDFC Bank, M&M, Asian Paints and Reliance Industries.

Asian stocks opened firmer on Tuesday after the S&P 500 and Dow Jones indexes hit record highs on news of another promising coronavirus vaccine, which supported hopes of a quicker economic recovery.

Home rental startup Airbnb Inc disclosed paperwork for its initial public offering (IPO) on Monday that showed a slowdown in its core business due to the COVID19 pandemic, even as it prepares for one of the most anticipated stock market debuts in recent y...

Global stocks eyed a fresh record high on Monday as signs of economic recovery in China and Japan, recent strong corporate earnings and hopes of a COVID19 vaccine bolstered investor sentiment.

Cytokinetics Inc on Friday said a pivotal trial of the experimental heart failure drug it is developing with Amgen Inc showed a slightly higher rate of cardiovascularrelated death for patients given the medicine compared to those on a placebo.

U.S. producer prices increased for a sixth straight month in October amid more expensive food and gasoline, but the trend remained moderate, supporting views of tame inflation given labor market slack and a resurgence in new coronavirus cases.

The Securities and Exchange Commission charged former Wells Fargo CEO John Stumpf and retail banking head Carrie Tolstedt with misleading investors, the watchdog announced Friday.