Business

Deutsche Telekom reported jumps in quarterly revenue and profit on Thursday following U.S. unit TMobile's $23 billion takeover of Sprint, while its underlying performance beat market expectations.

Asian shares were mostly higher on Thursday, cheered by the rally on Wall Street that's likely a boon for exportdriven regional economies, even as investors worry about the coronanvirus pandemic.

Global stocks rose on Wednesday, ending at their highest since February as investors kept betting on more stimulus in the United States despite doubts, while gold was whipsawed and silver clawed back from a massive drop.

Stocks rebounded on Wall Street Wednesday, briefly inching the S&P 500 above its all-time closing high set before the coronavirus pandemic led to a historic market plunge.

German prosecutors appealed on television on Wednesday for help in tracking down Jan Marsalek, a former boss of collapsed payments company Wirecard, and issued a wanted notice for a manager they suspect of embezzling billions of euros.

U.S. stocks opened higher on Wednesday, with the S&P 500 edging closer to an alltime high, as a fall in U.S. crude stockpiles drove up oil prices, although investors remained on edge due to a stalemate over a new coronavirus relief bill.

Stock markets held their own on Wednesday after doubts emerged about fresh U.S. stimulus, while it was another wild day for gold and silver and a tough one for Turkey's troubled lira.

Viacom and CBS Chairman Emeritus Sumner Redstone, the media mogul who took his father's movie theater chain and built it into an empire that included Paramount Pictures, CBS and MTV, has died at 97, ViacomCBS and National Amusements said on Wednesday.

Stocks that moved heavily or traded substantially Tuesday:

Universities, waiting to see how hard the coronavirus pandemic will hit overseas enrolments and government grants, have gone on a borrowing spree in the bond markets this year that outpaces a rise in companies' bond sales.

The S&P 500 closed in on its February peak on Tuesday, returning to levels last seen before the onset of the coronavirus crisis that caused one of Wall Street's most dramatic crashes in history.

India's industrial output fell 16.6% yearonyear in June, shrinking for the fourth month in a row, though the monthly measure indicated some recovery in the coronavirushit sector.

Futures for the U.S. S&P Global index hit a record high on Tuesday and world stocks rose to new 51/2 month peaks, lifted by bets on a U.S. fiscal stimulus package and calm on the SinoU.S. diplomatic front before a crucial round of trade talks.

Crude oil prices rose on Tuesday, underpinned by expectations of a U.S. stimulus to help jumpstart the world's biggest oil consumer, a rebound in Asian demand as economies reopen and a stronger stock market.

Sydney Airport Holdings Pty Ltd said on Tuesday it would raise A$2 billion ($1.43 billion) of equity to lower its debt levels after swinging to a halfyear loss, as the COVID19 pandemic continues to hammer travel.

The U.S. government will not proceed with a $765 million (£586.5 million) loan to Eastman Kodak Co to make drugs at its U.S. factories unless the company is cleared of alleged wrongdoing in circumstances surrounding the announcement of the loan, the Whi...