Business

National Australia Bank said a threat against its branches was deemed a hoax by police and it would reopen all 600 of it branches on Thursday.

Global shares were little changed and oil rose on Wednesday as weak U.S. retail sales and a surge of new coronavirus cases dampened but did not extinguish the euphoria from recent COVID19 vaccine breakthroughs.

On Tuesday, the government placed Lakshmi Vilas Bank under a one-month moratorium, superseded its board and capped withdrawals at Rs 25,000 per depositor. The step was taken by the government, on the advice of the Reserve Bank, in view of the declining fi...

Oil prices slipped on Tuesday as worries that lockdowns to fight a new surge in coronavirus cases could hit shortterm demand outweighed hopes for a vaccine and the possibility of tighter OPEC+ supply policies.

China should set an average annual economic growth target of around 5% for the 20212025 period, a senior economist at a top government think tank said on Tuesday, in line with a Reuters report.

Investors are weighing the chances the Federal Reserve will increase its purchases of U.S. government debt in coming weeks to counteract the economic fallout of a COVID19 resurgence, an intervention that could reverse a recent rise in Treasury yields to m...

Chinese tech giant Huawei is selling its Honor smartphone brand in an effort to rescue the struggling business from damaging U.S. sanctions imposed on its parent company, investors that said they are buying the brand announced Tuesday.

Airbnb was losing money even before the pandemic struck and cut its revenue by almost a third, the home-sharing company revealed in documents filed Monday ahead of a planned initial public offering of its stock.

Wall Street stocks advanced on Monday, setting the S&P 500 and the Dow on course for alltime closing highs as news of another promising coronavirus vaccine bolstered hopes of eradicating the disease, while spiking infections and new shutdowns threaten to...

Volkswagen is looking into potentially carving out its Lamborghini supercar and Ducati motorbike brands, it said on Monday, as the German automaker seeks to streamline its operations and focus on massproducting electric cars.

Taxation will not escape the European Union's plans to curb planetwarming emissions, and levies should be revamped to reflect climate and environmental costs, the head of EU climate policy said on Monday.

Hungary plans to veto the European Union's 202127 budget and its postCOVID recovery scheme, and Poland could follow suit as both object to a proposal to make funding conditional on member states' adherence to the rule of law.

Britain and the European Union have a week to 10 days to find a way to unlock trade talks, Irish Foreign Minister Simon Coveney said on Monday, after both sides called on the other to move their position on two of the most troublesome areas.

Nissan Motor Co may sell its 34% stake in Mitsubishi Motors Corp in what would be a fundamental change in a threeway alliance that also includes France's Renault SA, Bloomberg News reported, citing unidentified sources.

Asia's stock markets opened higher on Monday, as vaccine optimism offset worries about rising coronavirus cases in Europe and new lockdowns in the United States, while oil prices and riskexposed currencies also edged higher.

The government, which is selling its entire 52.98% stake in India's second largest oil refining and marketing company, had on four occasions extended the date of putting in the preliminary expression of interest (EoI).