Business

Private equity firm KKR & Co Inc will sell business software maker Epicor Software Corp to Clayton Dubilier & Rice in a $4.7 billion deal, the companies said on Monday.

As part of the measures to 'foster orderly market conditions', the RBI will conduct term repo operations for an aggregate amount of Rs 1,00,000 crore at floating rates (at the prevailing repo rate) in the middle of September to assuage pressures on the ma...

Oil rose on Monday, with Brent touching the highest in five months, underpinned by a 30% cut in Abu Dhabi crude supplies and encouraging Chinese data even as global demand struggles to return to preCOVID levels in a well supplied market.

Economists in a Reuters poll predicted that gross domestic product in world's fifth-largest economy will contract by 18.3% in the June quarter, compared to 3.1% growth in the previous quarter, the worst performance in at least eight years. The same econom...

A day after rolling out a new strategy for U.S. monetary policy, Federal Reserve officials on Friday diverged over what it might mean in practice, saying there is no exact formula for the average inflation rate they plan to target.

Benchmark U.S. crude oil for October delivery fell 7 cents to $42.97 a barrel Friday. Brent crude oil for October delivery fell 4 cents to $45.05 a barrel.

U.S. stocks are rallying, but so too is Wall Street's "fear gauge," in an unusual twist.

Business events and economic reports scheduled for the coming month.

Gold rebounded over 1.5% on Friday, a day after a steep selloff, as the U.S. dollar weakened and the U.S. Federal Reserve signaled a prolonged low interest rate strategy.

The Bank of England appears to get the most bang for its bondbuying bucks if it goes "big and fast" at times of crisis, its Governor Andrew Bailey said, suggesting the central bank might sell off some of its debt pile in calmer times.

The issue price for the bonds (series V), which were open for subscription from August 3 to August 7, was Rs 5,334 per gram of gold.

The German government is set to revise upward its economic growth forecast for this year to a decline of less than 6% from a previous estimate of 6.3%, a coalition source told Reuters on Friday.

CocaCola Co on Friday joined a list of big U.S. companies laying off thousands of workers in response to the coronavirus crisis, offering voluntary deals across its businesses and promising to halve its number of operating units.

U.S. Federal Reserve chair Jerome Powell tried to address economic inequalities in his landmark policy move. Still the Fed holding rates lowerforlonger may support bulging asset prices which is unlikely to benefit the neediest and could well widen the we...

China's factory activity likely expanded at a slightly faster pace in August, fuelled by rising infrastructure spending and improving global demand, a Reuters poll showed on Friday, as the Chinese economy continues to recover from the coronavirus crisis.

Ping An Insurance Group Co of China Ltd on Friday said it will be 'extremely cautious' in the second half of this year due to fear of another wave of novel coronavirus cases, and that it has increased provisions as a precaution.