Business

However, positive trend in the domestic equity market and a weak US dollar supported the local unit and capped the fall, forex dealers said.

Larry Fink, chief executive of the world's largest asset manager BlackRock, said on Tuesday he backed the UK's recent move to make the reporting of corporate risk related to climate change mandatory, and urged the United States to follow suit.

Oil ended nearly 3% higher on Tuesday as hopes that a COVID19 vaccine is on the horizon outweighed worries about a drop in fuel demand from new lockdowns to contain the virus.

The European Union's move to charge Amazon over alleged antitrust behavior is the bloc's latest crackdown on U.S. tech giants. Here's a look at enforcement actions taken by the EU's competition commissioner, Margrethe Vestager, in recent years.

U.S. job openings increased moderately in September and layoffs appeared to abate, pointing to a gradual labor market recovery from the COVID19 pandemic.

German Health Minister Jens Spahn expects the European Commision to sign a purchase agreement with BioNTech and its partner Pfizer for its potential vaccine against COVID19 "in the coming days."

In an interview to PTI, Mukesh Aghi, President of US India Strategic and Partnership Forum (USISPF), said that India and the US should close a small trade deal as a quick win and start focusing on the bigger issues.

Value stocks notched their best oneday performance against their growthfocused peers ever, by one measure, after Monday's news of an effective vaccine against the coronavirus sent investors into shares of companies expected to benefit the most from an eco...

The S&P 500 and the bluechip Dow indices followed world equity indexes higher and U.S. Treasury yields surged on Monday, as progress in the development of a coronavirus vaccine sparked a surge of optimism that the global economy will stage a solid recover...

Oil traders rushed to unwind a bevy of bearish bets after Pfizer announced promising results for its COVID19 vaccine, shaking up energy markets that were primed for demand to sink into the winter on increased lockdowns and rising coronavirus infections.

Shares of banks, oil and travel companies soared on Monday after Pfizer said its experimental COVID19 vaccine was more than 90% effective, prompting investors to shift bets to beatendown cyclical names from stayathome winners.

General Motors is recalling more than 217,000 cars and SUVs in the U.S. and Canada because transmission oil can leak, causing them to stop moving or possibly catch fire.

Global stocks surged to record highs after Pfizer on Monday said its experimental vaccine was more than 90% effective in preventing COVID19, based on initial data from a large study.

Pfizer Inc said on Monday its experimental COVID19 vaccine was more than 90% effective, a major victory in the fight against a pandemic that has killed more than a million people, battered the world's economy and upended daily life.

Oil rose on Monday, with Brent topping $40 a barrel, after Joe Biden clinched the U.S. presidency and buoyed risk appetite, and the Saudi oil minister said an OPEC+ deal on output cuts could be adjusted to offset rising supply and weak demand.

German exports rose by more than expected in September, and foreign trade gave Europe's largest economy a boost going into the fourth quarter as it struggles to avoid slipping into a double dip contraction.