Business

Benchmark U.S. crude oil for December delivery rose 41 cents to $42.15 a barrel Friday. Brent crude oil for January delivery rose 76 cents to $44.96 a barrel.

Fiat Chrysler's merger with Peugeot maker PSA will include a loyalty scheme for longterm investors in the new group and help prevent future takeover attempts, the prospectus for the planned tieup shows.

Millions of Americans who are working fulltime jobs still rely on federal health care and food assistance programs because of low wages, a bipartisan congressional watchdog says.

Stocks were broadly lower on Thursday and bond prices rose as a weak reading on U.S. employment and concerns that new COVID19 restrictions could stifle economic recovery offset optimism about coronavirus vaccines.

The number of Americans filing firsttime claims for jobless benefits rose last week, likely as new business restrictions to control spiraling COVID19 infections unleashed a fresh wave of layoffs, which could further slow the labour market recovery.

Chief Brexit negotiators suspended direct talks on Thursday after a member of the EU team tested positive for COVID19, but officials were continuing their work in line with health guidelines.

Venezuelans, desperate for fuel after months of shortages, have begun stealing crude from idled fields owned by state oil company Petroleos de Venezuela and distilling homemade gasoline, according to two PDVSA workers and a half dozen people familiar with...

Oil futures were mixed on Thursday as the surge in coronavirus cases and tighter economic restrictions around the globe stoked fears over slower fuel demand, outweighing upbeat vaccine news.

Ailing conglomerate Thyssenkrupp said on Thursday it would need to cut a further 5,000 jobs to ease the impact of the coronavirus crisis on its businesses.

More than 30 major Japanese firms will begin experiments next year towards issuing a common, private digital currency to promote digitalisation in one of the world's most cashloving countries, the group's organising body said on Thursday.

China will pursue higher quality growth through its "dual circulation" development model, driven by technological innovation, Xi said.

Oil futures eased on Thursday, surrendering some gains from the previous day as the surge in coronavirus cases and tighter economic restrictions around the globe stoked fears over slower fuel demand, outweighing upbeat vaccine news.

Wall Street seesawed on Wednesday, with economicallysensitive sectors outperforming as investors weighed heartening vaccine development progress against surging COVID19 infections.

The S&P 500 was little changed on Wednesday as investors weighed nearterm economic pain from surging coronavirus cases against growing optimism that a working vaccine was near, while the Dow was boosted by a rise in shares of Boeing.

Adara Acquisition Corp, a blankcheck firm sponsored by hemp producer cbdMD Inc and private equity firm Blystone Donaldson, on Wednesday filed paperwork for a $100 million initial public offering on the New York Stock Exchange.

Italy's top insurer Generali on Wednesday said it is aiming to become a top player in asset management after confirming its 2021 financial targets despite the pandemic.