Business

Shares in Australia's Afterpay Ltd and its smaller consumer lender rivals tumbled for a second day on Wednesday, as the entry of U.S. giant PayPal into the buynowpaylater (BNPL) sector sent investors scrambling to reprice its frothy stocks.

Crude oil futures rose on Wednesday after a morethanexpected draw in U.S. crude stockpiles and as solid U.S. factory data raised optimism of a postpandemic economic recovery, boosting risk appetite among investors.

Sale talks for TikToks U.S. operations have been complicated by the key question of whether the apps core algorithms can be included as part of a deal, according to a report in The Wall Street Journal that cited unidentified people familiar with the matte...

Wall Street climbed on Tuesday as a surge in Apple shares propelled the techheavy Nasdaq to record highs, while betterthanexpected U.S. manufacturing sector data fueled optimism around a postpandemic economic recovery.

The U.S. Trade Representative's office said on Tuesday it has extended China tariff exclusions for a wide range of goods, including smart watches and certain medical masks, through the end of 2020, rather than renewing the previous oneyear extensions.

U.S. construction spending edged up a tiny 0.1% in July, breaking a string of losses due to disruptions caused by the coronavirus pandemic.

GAIL (India) has offered at least three liquefied natural gas (LNG) cargoes for loading from the Cove Point terminal in Maryland in the United States over May to July, three industry sources said on Tuesday.

Germany expects the economic devastation caused by the COVID19 pandemic to be less severe than originally feared this year, but it now sees a weaker rebound for Europe's largest economy next year, two sources told Reuters on Tuesday.

Shipping group Maersk is due to announce job cuts as part of a major reorganisation on Tuesday, an internal email sent to Maersk employees shows.

Gold prices rose on Tuesday to their highest level in nearly two weeks, as the dollar slipped to multiyear lows on bets that U.S. interest rates would stay lower for a longer period after the Federal Reserve's new policy framework.

Shares in French waste and water management company Suez rose nearly a fifth on Monday after a takeover approach from larger peer Veolia, which wants to bulk up as competition from rivals, including in China, grows.

British finance minister Rishi Sunak urged diners on Monday to keep going out to eat as a popular government scheme offering halfprice food in restaurants this month drew to a close.

Japan's factory output rose for a second straight month in July, signalling a gradual recovery from the blow delivered by the coronavirus pandemic.

The finance minister will review the implementation of the resolution framework for COVID-19 related stress in bank loans on Thursday with the top management of scheduled commercial banks and NBFCs.

The acquisition of Future Group’s retail and logistics business for Rs 24,713 crore will make RIL the top player in brick-and-mortar space.

With the economy still in the pandemics grip, the Federal Reserve is facing a decision on whether to stretch an emergency lending program in a way that could bring more risk for the government and taxpayers. Lawmakers are pressing the central bank to deli...