Business
Gold Inches Higher As U.S. Dollar Eases Off One-month Peak
Gold prices ticked up on Tuesday, off a 11/2month low hit in the previous session, as the U.S. dollar slipped while prospects of further global stimulus underpinned the safehaven metal.
Euro Zone Mulls How To Prevent COVID Driving Its Economies Apart
Euro zone finance ministers were discussing on Monday how to best design and coordinate economic plans to recover from the COVID19 crisis, while the European Commission said the pandemic was exacerbating economic imbalances within the bloc.
Samsung Heir Lee Returns To Familiar Prison After Ruling
After a judge handed down a 30month sentence for bribery and other charges, Samsung Electronics vice chairman Jay Y. Lee is expected to return to the same prison where he had spent a year in 20172018.
Beirut Blast Chemicals Possibly Linked To Syrian Businessmen - Report, Company Filings
The company that bought the ammonium nitrate which exploded in Beirut last August had possible links to two Syrian businessmen under U.S. sanctions for ties to President Bashar alAssad, according to a report by a Lebanese journalist and London company fil...
Bayer Aims To Help CureVac With COVID-19 Vaccine Output, Says CEO
German pharmaceutical giant Bayer is examining whether it can help CureVac to produce its experimental COVID19 vaccine, its chief executive was quoted as saying on Sunday.
Bird Flu in Poultry Confirmed in 9 Districts of Maharashtra; Culling Operation on in MP, Chhattisgarh
Apart from poultry, the viral disease has been confirmed in crow in Uttarakhand, Gujarat and Uttar Pradesh, while in pigeon, brown fish owl and Heron in Delhi.
Ten Firms, Including Adani Group Co, Bid to Redevelop Heritage CSMT Railway Station in Rs 1,642 Cr Project
The Indian Railway Stations Development Corporation (IRSDC) on August 20 invited the Request For Qualification (RFQ) for the redevelopment of the station into a worldclass terminus through the public private partnership (PPP) model.
US Agency Updating Auto Safety Ratings For New Technology
The U.S. government's road safety agency wants to update its ratings system for vehicle safety to include testing of some new advanced driverassist systems as it tries to keep up with changing technology.
Google Muscles Up With Fitbit Deal Amid Antitrust Concerns
Google has completed its $2.1 billion acquisition of fitnessgadget maker Fitbit, a deal that could help the internet company grow even stronger while U.S. government regulators pursue an antitrust case aimed at undermining its power.
U.S. Adds CNOOC To Black List, Saying It Helps China Intimidate Neighbours
The Trump administration added China's CNOOC to a U.S. economic blacklist on Thursday, accusing the oil giant of helping Beijing intimidate neighbors in the South China Sea and ratcheting up tension days before U.S. Presidentelect Joe Biden takes office.
COVID-19, Renewed Benefits Boost U.S. Weekly Jobless Claims
The number of Americans filing firsttime applications for unemployment benefits surged last week, confirming a weakening in labor market conditions as a worsening COVID19 pandemic disrupts operations at restaurants and other businesses.
Oil Prices Ease As Pandemic Outweighs Chinese And U.S. Data
Oil prices dipped on Thursday as bullish signals from Chinese import data and U.S. crude oil stocks draws were outweighed by surging coronavirus cases in Europe and new lockdowns in China.
Oil Prices Edge Up On Strong China Data, U.S. Crude Oil Draw
Oil prices edged higher on Thursday after a drawdown in U.S. crude stocks for a fifth straight week and robust data from China showing a surge in imports, though mounting coronavirus cases globally capped gains.
TSMC Fourth-quarter Profit Rises 23% To Record High On Work-from-home, IPhone Boost
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) posted on Thursday a record high quarterly profit, boosted by demand for devices requiring highend chips as the pandemic forces people to work from home and for Apple's new iPhone.
Chinese Exports Grow More Than Expected In Dec, Imports Quicken
Chinese exports grew more than expected in December, customs data showed on Thursday, as coronavirus disruptions around the world fuelled demand for Chinese goods even as a stronger yuan made exports more expensive for overseas buyers.
Gold Retreats As Dollar, Treasury Yields Rebound
Gold prices fell on Thursday as U.S. Treasury yields and the dollar rebounded, while investors awaited details on incoming U.S. President Joe Biden's coronavirus stimulus proposal.