Business

The rupee had settled at 73.60 against the US dollar on Tuesday. Forex traders said strong dollar, muted domestic equities and sustained foreign fund outflows weighed on investor sentiment. Further, tension at Indo-China border too dampened investor senti...

Wall Streets summer-long party fueled by investors appetite for some of the worlds best-known technology companies has come to an abrupt, if not entirely unexpected, halt.

U.S. President Donald Trump on Tuesday is likely to back an extended ban on offshore oil drilling in the eastern Gulf of Mexico off Florida, Bloomberg reported, citing two people familiar with the matter.

General Motors Co and electric truck startup Nikola Corp will join forces to build electric pickup trucks and fuel cell commercial trucks to take on Tesla Inc , in a deal that lifted shares in both companies on Tuesday.

South African economic output shrank 51.0% in the second quarter, its fourth quarterly contraction in a row and its largest on record, as a strict lockdown to curb the spread of the coronavirus shut down most activity, data showed on Tuesday.

The U.S. stock market's twoday techled fall last week has revived investor worries about a spiral of selling that could crash the broader market, but Rick Rieder, head of the BlackRock Global Allocation team, does not see stocks going off a cliff.

European Commission President Ursula von der Leyen put former Latvian prime minister Valdis Dombrovskis in charge of the influential trade portfolio in a reshuffle forced by the departure of Irishman Phil Hogan.

Oil fell below $42 a barrel on Tuesday, its 5th session of decline, pressured by concerns that a recovery in demand could weaken as coronavirus infections flare up around the world.

Meggitt on Tuesday cancelled its interim dividend to preserve cash as the British aerospace supplier posted a 37% fall in firsthalf profit after the coronavirus crisis sent the civil aviation industry to a grinding halt.

The Norwegian economy grew less than expected in July as the recovery from the coronavirus pandemic slowed down, Statistics Norway (SSB) data showed on Tuesday.

Gold prices eased on Tuesday as the dollar strengthened, although rising doubts over the economic recovery from the COVID19 slump limited losses, with investors awaiting the outcome of the European Central Bank meeting this week.

Abandoning the nearly complete Nord Stream 2 gas pipeline from Russia to Germany could create a legal mess and nudge up energy costs for European households but Germany would cope with any disruption to supplies, economists say.

Italy's competition watchdog has launched an investigation into Apple, Google and Dropbox over their cloud storage services.

Economists stuck to their forecasts on Monday that Britain and the European Union would agree some sort of postBrexit trade deal, taking the view that London is likely toughening its rhetoric in a bid to pressure Brussels into a compromise.

Abhishek Goenka, Founder and CEO, IFA Global said that "developments on the Indo-China border will have to be closely tracked. Any escalation poses up side risks to USD-INR".

SoftBank Group is taking a direct role in managing its virushit hospitality startup Oyo's operations in Latin America through a joint venture which will control all hotels in the region, the head of Oyo Brazil told Reuters in an interview on Friday.