Business

Oil prices edged higher on Friday but were set for a weekly decline due to mounting worries about the impact on fuel demand of a widespread resurgence in coronavirus infections, as well as some concern about the likely return of exports from Libya.

Novavax Inc on Thursday started a latestage trial of its experimental COVID19 vaccine in the United Kingdom in partnership with the government's Vaccines Taskforce, sending the company's shares up 6% after the bell.

The government’s plans for the fresh stimulus measures may involve a bigger direct fiscal outlay compared to the previous two packages - the PM Garib Kalyan package and the Aatmanirbhar Bharat package.

Mody was admitted to the Yashoda Super Specialty Hospital in Ghaziabad on Wednesday, medical superintendent Anuj Agarwal said.

TikTok's owner said Thursday it has applied for a Chinese technology export license as it tries to complete a deal with Oracle and Walmart to keep the popular video app operating in the United States.

During the session, the local unit witnessed an intra-day high of 73.75 and a low of 73.96 against the greenback.

Iraq's oil ministry on Thursday denied a media report citing Oil Minister Ihsan Abdul Jabbar as saying an agreement was imminent with the OPEC+ group to increase Iraq's crude oil exports.

Global labour income is estimated to have declined by 10.7 per cent or USD 3.5 trillion in the first three quarters of 2020, compared to the same period in 2019.

Gold dropped to a sixweek low on Wednesday as the dollar held onto its recent rally, while a lack of additional stimulus to aid the recovery of the coronavirusbattered global economy further weighed on sentiment.

Pilgrims Pride has replaced its CEO as he prepares to face price fixing charges.

World No. 1 shipbuilding group Hyundai Heavy Industries Holdings Co Ltd are in talks with EU antitrust regulators on concessions to allay competition concerns about its $1.8 billion bid for rival shipbuilder Daewoo, people familiar with the matter said.

Index provider FTSE Russell is set to decide on whether to include Chinese government bonds in its World Government Bond Index on Thursday, potentially opening the way for more foreign participation in China's $16 trillion bond market.

Oil edged lower on Wednesday trading below $42 a barrel, pressured by a report that U.S. crude inventories unexpectedly rose and as growing numbers of coronavirus cases around the world raised concern of stalling demand.

European airlines are pinning hopes on preflight COVID19 tests that deliver results as fast as pregnancy tests to help restore passengers' confidence in taking to the skies in confined spaces with shared air.

Nike Inc comfortably beat analysts' estimates for quarterly revenue and profit on Tuesday, powered by a rebound in demand in China and strong online sales, sending its shares up about 9%.

The Swiss National Bank will hold firm to its expansive stance and negative 0.75% interest rate when it meets to review monetary policy on Thursday, a Reuters poll showed.