Business

Oil prices fell on Thursday, giving up some of the recent strong gains, although losses were curbed by production cuts and hopes that rollouts of vaccines will drive a recovery in demand.

Asian shares rested at record highs on Thursday as investors digested recent meaty gains, though the promise of endless free money to sustain buying was reaffirmed by benign U.S. inflation data and a very dovish outlook from the Federal Reserve.

Heineken NV plans to cut about 8,000 jobs, the Dutch beer group said on Wednesday, seeking to restore operating margins to prepandemic levels after a sharp decline in profit because of coronavirus restrictions.

World shares rose to new alltime highs overnight and European indexes strengthened, with market sentiment generally upbeat on the prospect of fiscal stimulus and vaccine rollouts and ahead of a speech by U.S. Federal Reserve Chair Jerome Powell.

German conglomerate Thyssenkrupp on Wednesday raised its fullyear outlook for sales, cash flow and profits, citing improved demand for automotive components and materials.

A inoculation efforts for the coronavirus ramp up around the world, Facebook says its going all in to block the spread of bogus vaccine claims. In practice, that means the social network plans to ban a new bunch of false claims in addition to the manifold...

The founder of Huawei said Tuesday he doubts President Joe Biden will remove U.S. sanctions that battered the telecom equipment giants smartphone sales but expressed confidence the company can survive.

Dubai's debts have always been something of a mystery for investors but since the coronavirus pandemic hit its economy, things have got hazier, some say.

As per Analysts, India has been among the better performers also because of a faster recovery in domestic demand after the Covid-19-led disruptions and the government's focus on reviving the economy.

Asian stock markets rose on Tuesday after a recordsetting day on Wall Street, while Bitcoin paused for breath after an overnight endorsement from Tesla Inc sent the cryptocurrency up 20%.

Similarly, the NSE Nifty rallied 28.60 points or 0.19 percent to settle the day at new closing high at 14,924.25. Nifty50 also crossed the 15,000 mark for the first time during the trading session.

Answering a query in the Lok Sabha, the IT Ministry said that upon being notified by law enforcement agencies of the availability of certain money lending apps that were possibly not in compliance with the applicable legal and regulatory framework, Google...

Rs 1.75 trillion is expected to be collected by the government from the disinvestment receipts next fiscal. The government has been missing its disinvestment targets and disinvestment goal of the Rs 2.1 trillion for this fiscal.

Investor morale in the euro zone unexpectedly fell in February as lockdowns to suppress the COVID19 case load left their mark on the economy, which lost touch with other regions in the world as they recovered further, a survey showed on Monday.

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

Gold prices inched lower on Monday, as Treasury yields moved higher and the dollar bounced up, although concerns over a recovery in the U.S. economy limited bullion's losses.