Business

Daimler said on Tuesday it will cut fixed costs, capex and research and development expenditure by more than 20% by 2025 as part of a strategy overhaul to reposition MercedesBenz as a more highend luxury brand.

U.S. employers advertised for slightly fewer jobs in August as hiring ticked up modestly.

Banks have been permitted by the Reserve Bank of India (RBI) to undertake a one-time restructuring exercise of loans affected by the pandemic, which will provide relief in terms of bad loan recognition and provisioning, Fitch said.

Politics should not trump economics, particularly in the present scenario, where the states and the Centre are equally hard up, with normal revenue channels drying up for both.

Stocks wavered Tuesday on uncertainty over prospects for fresh economic stimulus and over President Donald Trumps return to the White House to complete his recovery from the coronavirus.

Japan plan to conduct stress tests on its five major financial institutions this year that look into how the coronavirus pandemic could affect their earnings and capital, the central bank said on Tuesday.

Mexico's government presented an almost $14 billion infrastructure investment plan on Monday as President Andres Manuel Lopez Obrador seeks to repair rocky relations with business leaders and lift the struggling economy.

Volatility in emerging market currencies will not let up in the next six months as U.S. presidential election jitters mount and domestic economic growth tapers off, a Reuters poll of market strategists showed.

"Funds should be targeted at high-impact areas rather than low-impact ones, and if you can't get resources, raise taxes as you (India) have a lot of billionaires," Stigliz said at a FICCI-organised interactive session.

When house hunting, the price of homeowners insurance probably isnt top of mind. But homes with hidden risks can make getting coverage difficult, expensive or both. Learning how to identify them could save you a bundle.

The euro zone's economic recovery faltered in September as the reimposition of some restrictions on activity to halt a resurgence in the coronavirus sent the bloc's dominant service sector into reverse, a survey showed.

In Delhi and Mumbai, the price of 22-carat yellow metal is Rs 49,320 per 10 gram and Rs 49,420 per 10 gram, while 24-carat gold costs Rs 53,800 per 10 gram and Rs 50,420 per 10 gram.

Nigeria plans to bar vessels without a valid licence to operate in Nigerian waters and has given shipping companies that trade in its coastal and inland waters three months to register, the maritime regulator said on Sunday.

HDFC Bank's valuation jumped Rs 34,425.67 crore to Rs 6,09,039.90 crore. The market capitalisation of HDFC gained Rs 25,091.57 crore to Rs 3,21,430.66 crore.

Airbnb will prohibit one-night rentals over Halloween weekend as part of its ongoing effort to crack down on party houses.

For the first time ever, average tea prices in the country’s auctions rose by 40-60 per cent, driven by strong buyer demand and a huge shortfall.