Business

Asian shares firmed toward recent peaks on Monday as Chinese markets swung higher, while investors waited to see if the recent selloff in longerdated U.S. Treasuries would extend and maybe take some pressure off the beleaguered dollar.

Japans economy shrank at annual rate of 27.8% in AprilJune, the worst contraction on record, as the coronavirus pandemic slammed consumption and trade, according to government data released Monday.

Even with nearly a fifth of the labor force collecting unemployment benefits in July, Americans continued spending with relative gusto, driving retail sales back to precoronavirus levels as they shifted shopping online, brought their food home, and stocke...

A three-member NCLAT bench observed that a decree-holder cannot be treated as financial creditor for the purpose of triggering insolvency proceedings against a company.

During the meeting, while Kerala and Karnataka wanted e-way bill for inter-state movement of goods, Gujarat and Bihar felt it was not practical and feasible.

She held a virtual meeting with secretaries of the ministries of shipping, road transport and highways, housing and urban affairs, defence and telecom, an official statement said.

Futures linked to the S&P 500 and Dow dipped on Friday as data showed domestic retail sales growth slowed more than expected in July, adding to worries about a wobbly postpandemic economic recovery in the absence of a new U.S. fiscal stimulus bill.

A major investor in Japan's Toshiba Corp has called for a thirdparty investigation into the conglomerate's annual shareholder meeting, saying its vote was not fully recognised in a potential breach of governance.

More users in the United States downloaded chat app WeChat and its encrypted alternative Signal, after President Donald Trump threatened to ban WeChat, owned by Chinese company Tencent, according to Sensor Tower data shared with Reuters on Thursday. 

Energy companies led a pullback on Wall Street Thursday that left stock indexes mostly lower.

Brent crude was down 53 cents, or 1.2%, at $44.90 a barrel by 1:38 p.m. EDT (1738 GMT), and West Texas Intermediate (WTI) was down 51 cents, or 1.2%, at $42.16 a barrel.

Thomson Reuters Corp has acquired CaseLines, a cloudbased court document and evidence management platform, the news and information provider said on Thursday, without disclosing financial terms.

In order to keep a check on tax evasion, all white good purchases, property tax, medical and life insurance premium payment, business-class airline travel (domestic or foreign) and even hotel bill payments will be included in this new proposal.

The U.S. push to fire up its economy in the middle of a pandemic remained stalled last week with signs the lapse of emergency unemployment benefits and business grants may have begun taking a toll.

Gold firmed above $1,900 on Thursday as the dollar fell and bargain hunters bet on a resumption of bullion's broader upwards trend after its steep slide from a record peak.

Oil major BP said on Thursday output at its projects in Azerbaijan fell to 498,000 barrels per day (bpd) in the first half from 542,000 bpd in the same period of last year.