Business

Macy's swung to a loss and sales tumbled 22% as the department store chain struggles to bring shoppers back in a pandemic.

Asian shares drifted off alltime highs on Thursday as widening COVID19 restrictions in the United states weighed on Wall Street, while bonds were underpinned by speculation the Federal Reserve would have to respond with yet more easing.

Asian shares eased from alltime highs on Thursday as widening COVID19 restrictions in the United states weighed on Wall Street, while bonds were underpinned by speculation the Federal Reserve would have to respond with yet more easing.

The European Commission recommended on Wednesday the use of rapid COVID19 antigen tests mostly on people already showing symptoms because it said the kits were deemed less accurate in detecting the virus in asymptomatic cases.

The Trump administration on Wednesday will offer all available areas in the Gulf of Mexico for auction to oil and gas companies in its final offshore sale before the January inauguration of Presidentelect Joe Biden, a Democrat who has pledged to ban new d...

General Motors Co has issued its strongest warning yet that persistent industrial unrest eventually could drive it out of South Korea, just two years after it received a statebacked rescue package to stay in the country.

Gold prices edged lower on Wednesday due to optimism over a potential COVID19 vaccine, but concerns over the economic impact from the resurgence of coronavirus cases in the United States limited their decline.

Shares of Tesla Inc rose as much as 12% on Tuesday, adding more than $40 billion to the value of the electric carmaker and giving another boost to the fortune of billionaire Chief Executive Officer Elon Musk.

World stock markets grabbed a wellearned breather on Tuesday after a second major coronavirus vaccine boost in the space of a week had propelled them higher again and put Europe on course for its best month nearly three decades.

After a losing bet on the potential of economies across the African continent, South African retailers are in retreat to their home market and their timing could hardly be worse.

The Singapore high court has ordered water treatment firm Hyflux to be placed under judicial management, according to a stock exchange filing on Tuesday, after more than two years of the company unsuccessfully trying to restructure its debt.

Bangladesh's state grains agency issued an international tender to purchase 50,000 tonnes of rice on Monday, its first buying tender in three years amid dwindling supplies and a surge in prices of the staple grain.

Embedded value is a common valuation measure used to estimate the consolidated value of shareholders' interest in an insurance company.

Saudi Aramco said on Monday it had hired banks for a multitranche U.S. dollardenominated bond issuance, as the world's largest oil company seeks cash amid lower oil prices.

Johnson & Johnson launched a new latestage trial in Britain on Monday to test a twodose regimen of its experimental COVID19 vaccine among thousands of volunteers, as the U.S. drugmaker expands its trials by geography and type.

The mines ministry had earlier sought suggestions from the general public, mining industry and other stakeholders on the proposed reforms in the Mines and Minerals (Development and Regulation) Act, 1957.