Business

U.S. stocks gained ground on Thursday as investors piled into technology heavyweights ahead of their earnings reports, while upbeat economic data calmed worries about surging coronavirus cases.

Crude oil tumbled again on Thursday as lockdowns in Europe clouded the demand outlook while stocks were in and out of losses globally, hinging on support from Wall Street.

Oil prices fell more than 3% on Thursday, extending the previous day's sharp decline under pressure from signs of a growing global oil supply glut as governments renew restrictions to counter a second wave of the coronavirus.

Gold inched up on Thursday after a sharp slide in the previous session as a halt in the dollar's rally supported some safe haven buying driven by surging coronavirus cases and the approaching U.S. elections.

French catering and food services group Sodexo said on Thursday it was in talks with employee representatives over its planned 2,083 job cuts, as it forecast a further revenue slump in a sector that was recovering but still hurt by the coronavirus crisis.

A Canadian border officer told a court on Wednesday he had concerns about intercepting and interviewing Huawei Chief Financial Officer Meng Wanzhou before police arrested her on a warrant from the United States almost two years ago.

Mastercard Inc said on Wednesday it does not expect a pickup in overall travel spending anytime soon, warning that a recovery in crossborder volumes would be tied to the timing and the availability of COVID19 vaccines.

Britain's GSK cautioned fullyear earnings would likely come in at the lower end of its forecast range after the COVID19 pandemic took a toll on its vaccines unit, with people in the United States shunning visits to their physician for their shots.

Boeing Co reported its fourth straight quarterly loss on Wednesday as the coronavirus pandemic and 737 MAX grounding continued to hammer sales, while reaffirming its expectation that U.S. deliveries of the jet would resume before yearend.

U.S. consumer confidence dipped slightly in October as a new wave of coronavirus cases began across the country.

Energy firms and ports along the U.S. Gulf Coast were bracing on Tuesday for another test as Hurricane Zeta, the 11th hurricane of the season, entered the Gulf of Mexico.

Indian shares reversed course to trade higher on Tuesday on hopes of higher inflows after MSCI said it will make changes to its global indexes following revisions in the country's foreign ownership limits.

Benchmark U.S. crude oil for December delivery fell $1.29 to $38.56 a barrel Monday. Brent crude oil for December delivery fell $1.31 to $40.46 a barrel.

The Centre is currently working on this stimulus package, will be the fourth set of measures after the announcement of Gareeb Kalyan Yojana in March.

Asian shares were mostly lower in muted trading Monday amid widespread uncertainty over what the U.S. presidential election will portend for markets and economic policy.

Malaysia said on Monday it will host the first ever virtual summit of leaders from AsiaPacific Economic Cooperation (APEC) nations in November, amid political uncertainty faced by its Prime Minister Muhyiddin Yassin.