Business

Britain must respect its commitments in the withdrawal treaty it signed with the European Union if it wants to have an agreement on future trade relations with the bloc, the chairman of euro zone finance ministers Pascal Donohoe said on Friday.

Oil prices fell for a second day on Friday, as a surprise rise in U.S. stockpiles hit sentiment already undermined with the coronavirus pandemic continuing to erode demand for fuels.

NASA on Thursday launched an effort to pay companies to mine resources on the moon, announcing it would buy from them rocks, dirt and other lunar materials as the U.S. space agency seeks to spur private extraction of coveted offworld resources for its use...

Citigroup Inc's appointment of Jane Fraser as its next chief executive on Thursday was celebrated on Wall Street as the first woman to lead one of the top U.S. banks. Yet this is a glass ceiling that corporate America shattered decades ago.

European Central Bank President Christine Lagarde took a modestly upbeat view on Europe's recovery from a historic recession on Thursday and played down concerns about the euro's strength, disappointing hopes she would signal more stimulus.

Business events and economic reports scheduled for the coming week.

The Consumer Price Index (CPI) inflation rate during August, the data for which is yet to be released, was likely to remain at about 7 per cent, said SBI Ecowrap. The data is scheduled to be released on Monday.

Sun Life Financial, Canada's secondbiggest life insurance company, is looking for acquisitions in Asia to build scale in its existing markets, its chief executive said on Thursday.

Global equity benchmarks edged higher and U.S. government bonds fell Thursday as investors weighed hopes of a rebound in U.S. technology stocks against the European Central Bank's decision to leave its stimulus program unchanged despite choppy global econ...

Gold steadied near a oneweek high on Thursday as the dollar weakened, but the metal traded in a narrow $8 range as investors held back from making large bets ahead of the European Central Bank's monetary policy decision due at 1145 GMT.

Asia's stock markets snapped their longest losing streak since February on Thursday and rose following a bounce on Wall Street, though subdued trade in currency, commodity and bond markets suggested investors remain cautious about the outlook.

J.C. Penney Co Inc reached a tentative deal with landlords and lenders valued at $1.75 billion (1.35 billion pounds) to rescue the beleaguered department store chain from bankruptcy proceedings, averting a liquidation that would have threatened roughly 70...

India's fuel demand slipped further in August and posted its biggest monthly decline since April, as a surge in coronavirus infections continue to throttle economic activity and transportation, government data showed on Wednesday

The valuation of Asian shares surged to a near 11year high in August, Refinitiv data showed, thanks to an increase in global liquidity and emerging signs of economic recovery in some parts of the region.

Britain will maintain financial standards that are above what is required by international rules as it readies to end compliance with European Union laws, Bank of England Deputy Governor Sam Woods said on Wednesday.

Gold prices slipped on Wednesday as a stronger dollar offset support from a pullback in global equities, while investors awaited monetary policy strategies from central banks this week.