Business
Asian Stocks Set To Rise As Tech, Stimulus Hopes Fuel Global Rally
Asian stocks were set to rise on Tuesday as a renewed tech rally and fresh optimism that Washington would deliver a coronavirus relief package helped lift global equity markets.
Twilio, Dillard's Rise; PG&E, Occidental Petroleum Fall
Stocks that moved heavily or traded substantially Monday:
Malaysia Airlines Boss Says Will Have To Shut Down If Restructuring Plan Fails - Report
Malaysia Airlines will have to shut down if its lessors decide not to back its latest restructuring plan, the airlines' group chief executive was quoted as saying on Saturday.
Wall Street Finishes Up As Stimulus Talks Continue
U.S. stocks rose on Friday and the S&P 500 and Nasdaq registered their biggest weekly percentage gains since July as optimism over more federal fiscal aid grew.
Oil Prices Slip Over 1% After Norway Oil Worker Strike Ends
Oil prices slipped more than 1% on Friday after an oil worker strike in Norway ended, which should boost crude output even as Hurricane Delta forced U.S. energy firms to cut production.
No Significant Benefit of Umifenovir in Covid-19 Treatment, Says Glenmark
As per the results that Glenmark presented to the regulator, the study showed no superior clinical outcomes with the addition of Umifenovir, it added.
ONGC Likely to Merge HPCL with MRPL Post-June 2021: Chairman Shashi Shanker
At a news conference post company's annual general meeting, Shanker said HPCL sells more fuel than it actually produces at its refineries. On the other hand, MRPL is a pure oil refining company.
Gold Gains 1% On Dollar Retreat, U.S. Stimulus Hopes
Gold prices rose 1% on Friday due to a weaker dollar and was headed for a second straight weekly gain, with the metal's appeal as an inflation hedge bolstered by renewed optimism over a new U.S. coronavirus relief package.
Oil Heads For Weekly Gain Amid Norwegian Supply Cut
Oil prices eased on Friday, slipping at the end of a week of big gains made on the risk that supplies from Norway could be slashed by up to 25% due to a strike by oilworkers.
Gold Gains As Easing Dollar, U.S. Stimulus Hopes Bolster Appeal
Gold prices rose 1% on Friday, supported by a weaker dollar and optimism over a new U.S. coronavirus relief package after President Donald Trump said talks with Congress had restarted.
Covid-19 Pushes Mumbai-Nagpur Highway Commissioning by 6 Months; No Cost Overruns
The 520-km stretch between Nagpur and Shirdi will be thrown open for vehicular movement on May 1, 2021, and will be followed by it getting extended further to Bhiwandi on the outskirts of the financial capital in December the same year, to take the length...
Global Shares Mostly Higher On Hopes For U.S. Stimulus
Global shares were mostly higher on Thursday on optimism that U.S. stimulus may be coming after all, as President Donald Trump appeared to reverse his earlier decision to halt talks on another economic rescue effort.
Danske Bank To Cut 1,600 Jobs Within A Year
Danske Bank on Thursday said it will cut up to 1,600 jobs in the next 612 months as part of 2023 costcutting plans.
Oil Prices Edge Up As Hurricane Delta Approaches U.S. Gulf Of Mexico
Oil prices inched up on Thursday as oil workers evacuated rigs in the U.S. Gulf of Mexico ahead of Hurricane Delta, though fuel demand concerns persisted on fading chances for a U.S. economic stimulus deal and a build in U.S. crude inventories.
Indonesian State Miner Completes 20% Stake Buy In Vale Unit For $375 Million
Indonesia's state miner Mining Industry Indonesia (MIND ID), formerly known as PT Inalum, completed its purchase of a 20% stake in nickel miner PT Vale Indonesia, the country's state owned enterprises ministry said on Thursday.
Gold Holds Steady On U.S. Stimulus Hopes, U.S. Jobs Data In Focus
Gold prices were little changed on Thursday as renewed hopes for more U.S. stimulus kept the bullion afloat, with investors eyeing the weekly jobless claims data to further gauge the health of the world's largest economy.
