Business

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

Ethiopia's prime minister stepped up a military offensive in the northern region of Tigray on Sunday with air strikes as part of what he called a "law enforcement operation", increasing fears of outright civil war in Africa's secondmost populous country.

Indian shares hit record highs on Monday as Joe Biden's win in the U.S. presidential election lifted broader Asian shares and aided domestic sentiment, while drugmaker Divi's Labs boosted pharma stocks after it reported a higher quarterly profit.

President Tayyip Erdogan replaced Turkey's central bank chief over the rapid depreciation in the lira and discomfort with the bank's policy steps not yielding results, three officials told Reuters on Saturday.

China exports grew at the fastest pace in 19 months in October, while imports also rose, official data showed on Saturday, as the world's second largest economy continued to recover after being hit hard by the coronavirus crisis earlier this year.

The European Union is likely to impose tariffs on $4 billion of U.S. imports including planes and plane parts next week in retaliation over U.S. subsidies for aircraft maker Boeing, EU diplomats said on Friday.

The Bank of England expects more than 9 million employees will be on the government's extended furlough scheme in the spring, BoE Deputy Governor Ben Broadbent said on Friday.

The action was carried out, the CBDT said in a statement, of a well-known self-styled evangelist of Thiruvalla (Kerala) and his group of various trusts that enjoy exemption under the I-T Act of 1961 as charitable or religious trusts. While the statement d...

The Federal Reserve kept its loose monetary policy intact on Thursday and pledged again to do whatever it can in coming months to sustain a U.S. economic recovery threatened by a spreading coronavirus pandemic and facing uncertainty over a stillundecided...

TMobile US Inc said on Thursday it added more postpaid phone subscribers than expected in the third quarter, as demand for its services picked up with people staying at home due to the COVID19 pandemic.

Stocks that moved heavily or traded substantially Thursday:

The Bank of England increased its already huge bondbuying stimulus by a biggerthanexpected 150 billion pounds ($195 billion) as it prepared for economic damage from new coronavirus lockdowns and the looming risk of Brexit.

Asian shares climbed on Thursday and bonds extended their blistering rally as investors wagered the prospect of U.S. policy gridlock would greatly favour some industries while also restraining government borrowing.

A Biden administration would likely push for even more stimulus for consumers and small businesses because of the Covid-19 pandemic -— especially if a blue wave gives Democrats control of the Senate.

Benchmark U.S. crude oil for December delivery rose $1.02 to $36.81 a barrel Monday. Brent crude oil for January delivery rose $1.03 to $38.97 a barrel.

Gold prices gained on Monday on uncertainty surrounding the outcome of Tuesday's U.S. presidential election, while a spike in global coronavirus cases exacerbated fears about an economic recovery, further boosting the safehaven metal's appeal.