Business

NEW YORK - Asian shares looked set to climb on Tuesday as investors shrugged off U.S. election jitters and took hope in strong factory output data in China, Europe and the United States, although the dollar and gold firmed on political uncertainty.

Two mall operators filed for bankruptcy protection Monday, hurt by the coronavirus pandemic that has forced their tenants to permanently close stores or not pay rent.

A look at some of the key business events and economic indicators upcoming this week:

The state government, in an apparent bid to shore up excise revenues had imposed a 30 per cent tax on liquor in second week of April when lockdown was in force.

China suspended imports from FIREXPA S.A., an Ecuadorian seafood product manufacturer, after the novel coronavirus was found on the packaging of a batch of imported frozen fish, according to a notice by the General Administration of Customs.

U.S. stock indexes closed lower on Friday to cap Wall Street's biggest weekly selloff since March, as losses in richly priced tech heavyweights, a record rise in coronavirus cases and jitters over the presidential election snuffed investor sentiment.

McRib, the fast food sandwich that went viral before viral was a thing, is back.

Airbnb is setting up an endowment fund to support its hosts as part of its upcoming initial public offering.

Sony Corp is in final talks with AT&T to acquire U.S. animationstreaming service Crunchyroll in a deal worth more than 100 billion yen ($957 million), the Nikkei business daily reported on Friday.

The San Francisco-based social media company said it expected expenses to increase by close to 20% in the fourth quarter compared with a year ago due to an increase in investments.

With a total planned investment of 11.8 billion yuan (over USD 1.80 billion), the project will provide services in areas such as video rendering, autonomous driving, distance-learning data backup, among others, according to its Lhasa-based operator, the N...

The European Central Bank committed on Thursday to take new action in December to contain the growing fallout from a second wave of coronavirus infections, likely in the form of more bond purchases or cheap credit for banks.

Business events and economic reports scheduled for the coming week.

The European Central Bank committed on Thursday to take new action to contain the growing fallout from a second wave of coronavirus infections, saying it would hone its response by the time of its December meeting.

Oil prices tumbled by more than 6% to a fivemonth low on Thursday, extending the previous day's sharp decline on the impact renewed coronavirus lockdowns could have on oil demand.

The U.S. economy grew at an unrivaled pace in the third quarter as the government poured out more than $3 trillion worth of pandemic relief which fueled consumer spending, but the deep scars from the COVID19 recession could take a year or more to heal.