Business

Unilever has agreed to pull all its TRESemmé haircare products from South African retail stores for 10 days as a show of remorse for a "racist" ad, the consumer group said in a joint statement with an opposition political party.

Twitter said Thursday that starting next week it will label or remove misleading claims that try to undermine public confidence in elections.

The European Central Bank left policy unchanged on Thursday but with the economic recovery losing momentum and a strong euro dampening inflation expectations, ECB President Christine Lagarde is expected to set the stage for more stimulus later.

The Bank of Japan is expected to offer a brighter view next week on the economy, output and exports than in July to signal that they are starting to recover from the devastating impact of the coronavirus pandemic, sources familiar with its thinking said.

Oil prices were little changed on Thursday after falling earlier as the demand outlook remains clouded by rising coronavirus cases in many countries and as data showed U.S. crude stockpiles unexpectedly rose last week.

LVMH's plans to end its $16 billion acquisition of U.S. jeweler Tiffany & Co follows roughly 1,900 deals that have been cancelled, renegotiated or disputed around the world since the start of the COVID19 pandemic, according to S&P Global Market Intelligen...

Wall Street's main indexes ended higher on Wednesday to snap a threesession losing skid as investors jumped back in to take advantage of the pullback in technologyrelated stocks, a day after the Nasdaq confirmed correction territory.

U.S. stocks bounced on Wednesday with the Nasdaq gaining 1.5%, as a rout in technology shares halted and investors shrugged off news that AstraZeneca had paused global trials of its experimental coronavirus vaccine.

Wall Street's main indexes were on track to open higher on Wednesday, as technologyfocused companies climbed following three sessions of intense selling that sent the Nasdaq Composite index lower by 10%.

Dubai's nonoil private sector expanded marginally in August for the second straight month, although at a slower pace than in July as weak demand led to a sixth month of job cuts, a survey showed on Wednesday.

The dollar found support on Wednesday as a stock market slide spooked investors into selling riskier currencies, while worries about Brexit pushed the pound down to a new sixweek low.

Silver Lake's investment values Reliance Retail at Rs 4.21 lakh crore or about 57 billion US dollars.

U.S. President Donald Trump has instructed that dozens of oil refiner requests for retroactive waivers from U.S. biofuel laws be denied amid concerns the issue could cut into his support in the Farm Belt, three sources familiar with the decision said.

Oil futures fell further on Wednesday after big declines the previous session with Brent sliding below $40 a barrel for the first time since June as COVID19 cases rebounded in several countries.

General Motors is taking a $2 billion equity stake in Nikola that will see it engineer and make the company's Badger, a fully-electric and hydrogen fuel cell electric pickup truck.