Business

The Centre has already borrowed Rs 24,000 crore on behalf of the states in four instalments and has passed it on to 23 states and three Union Territories on October 23, November 2, November 9 and November 23.

In the previous week ended November 13, the reserves had surged by USD 4.277 billion to USD 572.771 billion.

Malaysia is expected to receive its first COVID19 vaccines from Pfizer in the first quarter of 2021 after signing a deal for 12.8 million doses from the U.S. manufacturer, Prime Minister Muhyiddin Yassin said on Friday.

Unilever's Dutch shares will trade in Amsterdam for the last time on Friday, before a unification of the group's dualheaded structure that aims to put the consumer goods maker on a better footing to cope with an uncertain future.

European dividend futures are stirring from their monthslong slumber, reflecting investor expectations that positive COVID19 vaccine updates on top of trillions of dollars in stimulus will fasttrack an anticipated recovery in company profits.

The European Commission has fined pharmaceutical company Teva and its now subsidiary Cephalon 60.5 million euros ($72 million) for agreeing to delay a cheaper generic version of Cephalon's sleep disorder medicine.

The new boss of Britain's Financial Conduct Authority has begun a rootandbranch internal shakeup just over a month before the country's full departure from the European Union will give the watchdog new rulemaking powers.

The Bank of Japan is quietly walking back its unpopular negative interest rates policy with a controversial scheme designed to drive mergers among weaker, smaller lenders, a move some insiders see as a risky deviation into industrial reform.

The 30-share BSE index on Wednesday plunged 694.92 points, ending at 43,828.10. On the other hand, the broader NSE Nifty also went down 196.75 points, reaching 12,858.40.

Hospitals will be allowed to care for Medicare patients in their own homes during the pandemic under a government program announced Wednesday to help hospitals deal with the latest surge.

Stocks that moved heavily or traded substantially Wednesday:

Cannabis stocks are flying high after voters in New Jersey, Arizona and three other states cleared the way for expanding legal sales of marijuana.

The market capitalisation of BSE-listed companies declined by Rs 2,24,978.33 crore to stand at Rs 1,72,56,942.95 crore.

Britain reduced its foreign aid spending commitment on Wednesday to 0.5% of gross domestic product from 0.7%, causing one minister to resign and an immediate outcry from development organisations and the spiritual head of the Church of England.

Britain will borrow almost 400 billion pounds ($533.60 billion) in the current financial year to pay for the massive coronavirus hit to its economy, finance minister Rishi Sunak said on Wednesday.

The number of Americans filing firsttime claims for jobless benefits increased further last week, suggesting that an explosion in new COVID19 infections and business restrictions were boosting layoffs and undermining the labor market recovery.