Business

In the reporting week, the reserves rose due to an increase in foreign currency assets (FCA), a major component of the overall reserves. FCA rose by USD 815 million to USD 518.339 billion, the RBI's weekly data showed.

Debswana Mining Company, equally owned by De Beers and the Botswana government, will close a diamond mine in the country as weak demand and trading disruption from the pandemic make the mining of lower value diamonds unviable, a union leader told Reuters...

ViacomCBS Inc beat analysts' estimates for quarterly revenue on Friday and nearly reached its annual streaming subscription target a full quarter ahead of time as lockdowns boosted demand for indoor entertainment.

CVS Health has picked its next president and CEO from among its current group of executive leaders.

Global stocks eyed an alltime peak while the dollar and U.S. bond yields stayed sluggish on Friday on hopes that a divided U.S. legislature would hinder large government borrowing, which could pave the way for even more central bank stimulus.

Toyota Motor Corp will likely more than double its fullyear operating profit forecast when it reports second quarter earnings on Friday as vehicle sales rebound in the United States and China, the Mainichi daily reported.

U.S. productivity increased between July and September but at a slower pace than in the previous quarter.

The Bank of England increased its already huge bondbuying stimulus by a biggerthanexpected 150 billion pounds ($195 billion) as it prepared for economic damage from new coronavirus lockdowns and the looming risk of Brexit.

Germany's Commerzbank on Thursday said that it swung to a thirdquarter loss, as the lender undergoes a restructuring and deals with the fallout of the coronavirus outbreak.

The worlds biggest online finance company was racing toward a stock market debut when it was derailed by Beijing's anxiety about risks in the fledgling industry, jarring global investors and deepening uncertainty about Chinas financial markets.

The Indian rupee weakened to its lowest level since late August on Wednesday, tracking a decline in other emerging market currencies, after the dollar pared losses as early results in the U.S. presidential election showed a very tight race.

The cruise industry has jettisoned hopes of restarting operations this year.

Pushed by rising prices of essential kitchen items, retail inflation rose to an eight-month high of 7.34 per cent in September. The Consumer Price Index (CPI)-based inflation was 6.69 per cent in August and 3.99 per cent in September 2019.

Mexico has received the first doses of a COVID19 vaccine candidate from Chinese pharmaceutical company CanSino Biologics Inc. for a late stagetrial on between 10,000 and 15,000 volunteers, foreign minister Marcelo Ebrard said on Tuesday.

New orders for U.S.made goods increased solidly in September, but further gains could be limited amid an anticipated slowdown in consumer spending as government money for businesses and workers impacted by the COVID19 pandemic runs out.

Pandey said there has to be a "reasonable level” of borrowing because if a balanced approach is not taken then interest burden will increase which would impact the economy.