Business

The European Central Bank will this week face more questions about an increasingly challenging outlook only a month after it unleashed fresh stimulus to bolster the euro zone economy.

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

The Treasury secretary nominee, at a Senate confirmation hearing, will make clear the United States does not seek a weaker dollar, the newspaper reported, citing Biden transition officials familiar with her preparation for the session.

Benjamin de Rothschild, who oversaw the banking empire started by his father in 1953, has died. He was 57.

Stocks and oil prices fell on Friday pressured by intensifying lockdowns and weak U.S. retail sales data, while the dollar was on track to post its strongest week in over two months.

Marc Lore, Walmart's ecommerce chief, is leaving the world's largest retailer, nearly five years after he joined to super charge its online business amid stiffer competition from online leader Amazon.

The Piramal Group bagged over 94 per cent votes, way past the required minimum of 66 per cent votes. Meanwhile, the other suitor, US-based Oaktree Capital, secured around 45 per cent votes.

Global shares stumbled on Friday as hopes of a fiscal boost provided by a $1.9 trillion U.S. stimulus plan were smothered by the prospect of stricter lockdowns in France and Germany and a resurgence of COVID19 cases in China.

Airlines and airports say they are stepping up security before next week's presidential inauguration, with Delta, United and Alaska saying they will prohibit passengers flying to the Washington area from putting guns in checked bags.

Federal Reserve Chair Jerome Powell sought Thursday to tamp down any concerns that the Fed might soon withdraw some of its support for the U.S. economy and stressed that any such pullback would be signaled far in advance.

American Airlines plans to offer COVID19 vaccines to its employees at medical clinics at its hub airports once they are available, with inoculation for Chicagobased employees possible as soon as next month, a director told Reuters.

Major U.S. airlines are stepping up security measures ahead of next week's presidential inauguration after supporters of President Donald Trump disrupted some flights following violence at the U.S. Capitol last week.

BlackRock Inc's, quarterly results topped analysts' expectations on Thursday, buoyed by a rising stock market that boosted the firm's assets under management to a record high $8.68 trillion, further widening its lead against peers.

Delta Air Lines closed the books on a disastrous 2020 with a comparatively small fourth-quarter loss, and executives expect a few more rocky months before they hope widespread coronavirus vaccinations and testing might salvage something of the upcoming...

BlackRock Inc, the world's largest asset manager, on Thursday reported a betterthanexpected quarterly profit, as increased activity in financial markets resulted in higher fees and pushed its assets under management to record highs.

Asian and European investors are snatching up discounted Chinese stocks hit by a U.S. investment ban, finding bargains as giant American funds bail out and shrugging off concerns that the sanctions could hurt the companies' prospects.