Business

Gold and silver slipped on Thursday, as the dollar and U.S. Treasury yields gained and markets awaited clarity on U.S. fiscal stimulus measures and the Bank of England's (BOE) policy outlook.

Australia's Fortescue Metals has pledged to pay nearly A$2 million ($1.4 million) in outstanding royalties to an Aboriginal partner, around a year after they were initially due, a spokesman for the group said on Thursday.

ABB saw improving market conditions during its fourth quarter although uncertainties had also increased with the reintroduction of COVID19 restrictions towards the end of last year, the engineering company said on Thursday.

Ant Group Co has agreed on a restructuring plan with Chinese regulators under which the fintech giant will be turned into a financial holding company, Bloomberg News reported.

Japanese electronics and media giant Sony Corp on Wednesday posted a betterthanexpected 20% rise in thirdquarter profit and hiked its fullyear outlook on strong demand for video games, movies and other entertainment content.

Brookfield India Real Estate Trust owns an initial portfolio of 4 large campuses - format office parks, which are 'business critical' in Mumbai, Gurugram, Noida and Kolkata.

Silver prices rebounded on Wednesday after an over 8% plunge in the previous session prompted investors to buy in, although the social mediadriven rally that started last week appears to have run out of steam.

Volkswagen plans to develop most of the software needed for autonomous cars inhouse, the head of the German carmaker's luxury unit Audi said on Tuesday.

Ford Motor Co. said it plans to expand its manufacturing presence in South Africa, spending roughly $1 billion and adding 1,200 jobs over the coming years.

The euro zone economy contracted by less than expected in the fourth quarter of 2020 amid pandemicinduced lockdowns, as large economies Germany and Spain still managed slight expansion, initial EU estimates showed on Tuesday.

Global stock markets gained for a second day on Tuesday, spurred by increased optimism about economic stimulus and global recovery, while retail investors retreated from GameStop and their newfound interest in silver.

When the insurance sector was privatised in 2000, the FDI limit was fixed at 26 per cent, which was then raised to 49 per cent in 2015.

Siemens Energy, which supplies turbines to the power sector, said on Tuesday it will cut 7,800 jobs, or 8.5% of its workforce, by 2025 to raise margins and competitiveness.

A social mediadriven buying spree lifted silver to an eightyear high on Monday, though prices later pared gains on doubts about the ability of retail traders that have been focused on stocks to sway prices in the bigger, more liquid commodity.

Robinhood, the U.S. online broker that has emerged as a gateway for amateur traders challenging Wall Street hedge funds, has held talks with banks about raising $1 billion in debt so it can continue to fulfill orders for heavily shorted stocks, according...

Stocks that traded heavily or had substantial price changes Monday: