Business

Norway's Equinor wrote off $2.93 billion from the value of its assets after cutting its longterm oil and gas price forecasts on Thursday, betting the pandemic and a shift away from fossil fuels will have a lasting impact on markets.

Royal Dutch Shell on Thursday announced it will increase its thirdquarter dividend by 4% after reporting strongthanexpected profits in the quarter.

The European Central Bank is expected to resist pressure to unveil fresh stimulus measures on Thursday but it is likely to pave the way for action in December as fresh curbs to contain the coronavirus pandemic fuel fears over a new recession.

Oil prices fell on Thursday, extending a 5% slump in the previous session, as governments' renewed restrictions to curb a second wave of coronavirus infections and signs of a growing global oil supply glut send prices tumbling.

The Bank of Japan on Thursday trimmed its economic and price forecasts for the current fiscal year but offered a more upbeat view on the recovery outlook, signalling that it has delivered enough stimulus for the time being.

The European Union will arm itself with potential punitive tariffs against the United States and other rivals if they take advantage of World Trade Organization paralysis and refuse to settle trade disputes.

He told this to reporters after taking part in a rally in Dharampuri town in Indore district ahead of the November 3 bypolls to 28 assembly constituencies in Madhya Pradesh.

Gold fell more than 1.5% and silver nearly 6% on Wednesday as investors flocked to the safety of the dollar with fears of fresh coronavirus lockdowns hammering Wall Street and no immediate sign of U.S. stimulus to ease the economic blow.

Microsoft says Iranian hackers have posed as conference organizers in Germany and Saudi Arabia in an attempt to break into the email accounts of highprofile people with spoofed invitations.

Daimler unit MercedesBenz is to lift its stake in Britain's Aston Martin to up to 20% by 2023, making it one of the struggling British carmaker's largest shareholders, Aston said on Tuesday.

A Manhattan federal judge on Tuesday ordered that a former New York City accountant who admitted to scoping out the New York Stock Exchange for al Qaeda be released early from his 18year prison sentence.

Consumer confidence dropped sharply in October in three U.S. states considered crucial for Republican President Donald Trump's reelection as fears about the economy's outlook mounted, according to a survey on Tuesday.

As per a Central Board of Direct Taxes notification, declaration under the Vivad se Vishwas Scheme shall be required to be furnished latest by December 31, 2020.

Oil rose on Tuesday towards $41 a barrel as oil companies shut down some U.S. Gulf of Mexico oil output due to a hurricane, although surging coronavirus infections and rising Libyan supply limited gains.

European equities recovered some of their early losses on Tuesday and futures pointed to a recovery on Wall Street, after a wave of risk aversion swept markets at the start of the week.