Business

Asian markets hunkered down on Tuesday ahead of the first U.S. presidential debate later in the day, with investors also remaining cautious over the global economy's prospects as coronavirus deaths surpassed the 1million mark worldwide.

Oil prices fell on Tuesday as demand concerns driven by COVID19 outweighed hopes that U.S. lawmakers and the White House were nearing an agreement on a new stimulus package to revive the world's biggest economy.

Asian markets look set to rise on Tuesday, building on newfound momentum after bargain hunters helped a recovery in U.S. markets after last week's selloff.

United Airlines' pilots said on Monday they have voted to accept a deal that would keep all 13,000 of them employed through at least June 2021, averting 2,850 furloughs that were set for Thursday.

Iran will allow holders of government sukuk, or Islamic bonds, to be repaid in crude oil exports, staterun Press TV reported, citing a finance ministry announcement.

Londonbased spirits maker Diageo said on Monday it has made a strong start to its fiscal year 2021, with its U.S. business performing ahead of expectations, as many countries ease their COVID19 restrictions.

A strong performance in Tuesday’s debate by Biden, who currently has a modest lead in betting odds and polls, might boost stocks related to global trade and renewable energy, while a perceived debate victory by Trump could benefit fossil fuel and defense...

The move comes after the probity watchdog noticed instances wherein some departments/organisations were taking cognisance of anonymous complaints, despite strict guidelines issued by Department of Personnel and Training (DoPT) and the CVC.

Among other things, the CII has suggested exclusion of certain categories of borrowers (other regulated entities like Mutual Funds/ PMS/ Insurance/ Exchange Brokers/ NBFCs HFCs etc) from the scope of the circular.

The CFMA also asked all investors to file their complaints to the Economic Offence Wing of Chennai Police, so that all the pleas can be collectively pursued in the Madras High Court, where the investors' body has already been fighting this case.

The Panama Canal Authority said it won an arbitration ruling on Friday for $265 million to be returned to it from the consortium that built a third set of locks for the key transoceanic waterway.

U.S. President Donald Trump said on Friday he had extended a ban until 2032 on oil drilling off the coast of North Carolina and Virginia, weeks after a similar extension affecting offshore drilling in the waters off Florida, Georgia and South Carolina.

Stocks fell 2% around the globe this week and the dollar posted its strongest weekly performance since April as concern over the economic effect of a second wave of coronavirusrelated lockdowns weighed on investors' risk appetite.

The Associated Press announced Thursday the start of a joint venture with The Chronicle of Philanthropy and The Conversation that will expand their coverage of philanthropies and charities and the impact these groups have on society.

The Czech Republic wants to buy a new air defense system for its military from the Israeli government, the defense ministry said on Friday.

The product will be made available at all retail medical outlets and hospital pharmacies across the country and sold only on prescription, it added.