Business

Wall Street indexes were set to open almost unchanged on Monday as investors looked to executive orders from President Donald Trump over the weekend to support the economy until more concrete stimulus could be passed.

The pandemic, followed by extended lockdowns in India both nationally and then localised, has impacted India Inc for the major part of the first quarter of the current financial year.

Berkshire Hathaway Inc on Saturday announced a $9.8 billion writedown for its Precision Castparts aircraft and industrial parts business, as the coronavirus pandemic punished Warren Buffett's largest acquisition and caused 10,000 job losses.

President Donald Trumps bans on two popular Chinese social media apps TikTok and WeChat are the latest moves in an escalating U.S.China rift, and point to a future where technology and innovation are increasingly walled behind political barriers.

Oil prices fell more than 1% on Friday, limiting their weekly gain due to concerns the global recovery could falter from a resurgence of coronavirus cases.

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South African investigators are seeking to recover more than 400 million rand ($23 million) from German software firm SAP for two government contracts they allege were entered into unlawfully, court documents seen by Reuters show.

India's main shares indexes were trading flat on Friday as domestic coronavirus cases crossed two million, dampening positive sentiment from the previous session following the central bank's support to the economy.

At the foreign bank exchange, the domestic unit opened on a weak note and went on to touch a low of 75.04 before staging a quick mild recovery, though still trading in the red.

Singapore has charged a director of Citadelle Corporate Services Pte Ltd for falsifying letters related to Wirecard, the troubled German payments firm, according to charge sheets filed on July 3.

Vodafone Idea Ltd reported a 5.4% fall in its firstquarter revenue on Thursday, as a nationwide lockdown hurt its business and the telecom company lost subscribers.

German sportswear firm Adidas said on Thursday it expected to bounce back to profitability in the third quarter assuming there are no new major lockdowns as it benefits from more people exercising and dressing down as they work from home.

ITV, Britain's biggest freetoair commercial broadcaster, said more advertisers were starting to return after the COVID19 pandemic hit its broadcast and production revenue in its first half, causing earnings to halve.

Israel's Government Companies Authority said it would recommend allowing Eli Rozenberg to buy control of cashstrapped El Al Israel Airlines.

The dollar languished and just about everything else rose on Thursday, as markets took patchy U.S. economic data as a harbinger of ever more stimulus and brinkmanship on Capitol Hill as a sign that a deal on a new U.S. stimulus package is close.

Germany's Lufthansa said it does not expect air travel demand to return to precrisis levels before 2024 as a steep drop in revenue pushed it to its worstever quarterly operating loss of 1.7 billion euros ($2.02 billion).