Business

Benchmark U.S. crude oil for November delivery rose $1.45 to $40.67 a barrel Tuesday. Brent crude oil for December delivery rose $1.36 to $42.65 a barrel.

Boeing is lowering its expectations around demand for new planes over the next decade as the coronavirus pandemic continues to undercut air travel.

Retail sales at IKEA, the world's biggest furniture group, shrank 4% in the year to the end of August as demand recovered quickly from a slump caused by COVID19, brand owner and franchisor Inter IKEA said on Tuesday.

More than six months after the pandemic ravaged the U.S. labour market, millions of Americans who are still unemployed are bracing for the possibility that the jobs they held before the crisis may not come back for years, if at all.

The former finance minister said the states should not borrow as the liability to provide Goods and Services Tax (GST) compensation as well as the onus to find resources fall on the Centre.

The apex court's direction came after the Finance Ministry decided to grant relief to individual borrowers as well as medium and small industries by agreeing to waive compound interest (interest on interest) charged on loans of up to Rs 2 crores for a six...

China's Alibaba plans to acquire a stake of up to 9.99% in Swiss duty free group Dufry, Dufry said on Monday, as it announced a new Chinese joint venture with the tech giant.

Philippines' Converge ICT Solutions Inc plans to raise as much as $680 million in an initial public offering that would be the country's largest ever, sources said on Monday, encouraged by a coronavirusspurred boom in demand for fibre broadband.

The combination of COVID19 and a failure to secure a postBrexit trade deal with the European Union could cost the United Kingdom around 134 billion pounds ($174 billion) each year in lost GDP for a decade, research by law firm Baker & McKenzie showed.

ION Acquisition Corp 1 made its debut on the New York Stock Exchange on Friday after raising $225 million in an initial public offering (IPO), the only current blankcheck acquisition company focusing on the Middle East region.

Business events and economic reports scheduled for the coming week.

The National Convention Of Workers organised online jointly by the Central Trade Unions and independent Federations/Associations for the first time amid the pandemic.

"The Ministry of Finance has granted additional borrowing permission to two more states, Uttar Pradesh and Andhra Pradesh, for successfully undertaking reforms in the public distribution system (PDS) and ease of doing business," an official statement said...

With its leadership tossed into uncertainty again, Malaysia risks delays and loss of new investments, analysts and business groups say, as anxiety bubbles among foreign investors worried about policy disruption and reforms stalling.

Asian markets were little changed on Friday, as a U.S. stimulus deal remained out of reach and investors waited on fresh U.S. employment data for a read on the economic toll from the coronavirus pandemic.