Business

Indonesia, the world's largest palm oil producer, plans to revise its palm oil export levy rules to allow higher collection when prices increase, a senior cabinet minister told Reuters, as part of moves to underpin an ambitious biodiesel programme.

Ukrainian sunflower oil export prices have risen sharply so far this month supported by a possible decrease in sunflower seed harvest and a strong demand from importers, analyst APKInform said on Wednesday.

U.S. companies in China are increasingly fretful that trade tensions between the world's two biggest economies will drag out over years and nearly a third said their ability to retain staff had been affected, a survey showed.

The organiser of China's biggest airshow, set for November in the southern city of Zhuhai, has cancelled the event because of coronavirus measures, it said on Wednesday.

U.S. President Donald Trump has instructed that dozens of oil refiner requests for retroactive waivers from U.S. biofuel laws be denied amid concerns the issue could cut into his support in the Farm Belt, three sources familiar with the decision said.

China has unveiled a "dual circulation" strategy to cut its dependence on overseas markets and technology in its longterm development, a shift brought on by a deepening rift with the United States.

The top executives of nine drugmakers likely to produce the first vaccines against the new coronavirus signed an unprecedented pledge meant to boost public confidence in any approved vaccines.

Equipment rental giant Ashtead Group Plc reported a 35% slump in firstquarter profit on Tuesday, as the construction sector came under severe pressure due to the COVID19 pandemic.

Oil prices fell on Tuesday amid concerns that a possible rise in COVID19 cases following the U.S. Labor Day long weekend, which also marks the end of the peak U.S. driving season, could squeeze demand for fuel.

Gold prices slipped on Tuesday, weighed down by a stronger U.S. dollar, but the safehaven metal's decline was limited by growing fears over the global economic recovery from the coronavirus crisis.

Asian shares and U.S. stock futures regained some footing on Tuesday following a small bounce in European markets as investors looked to whether highflying U.S. tech shares could recover from their recent rout.

The circular issued by the Reserve Bank for resolution of the stressed assets on Monday is based on the recommendations of the K V Kamath committee, which submitted its report on September 4.

A committee set up by the Reserve Bank of India (RBI) to make recommendations on restructuring loans for the Indian banking sector has submitted its report and it has been broadly accepted, the RBI said.

IKEA's shopping centres business hopes to open the doors of its first mall in the United States, in the centre of San Francisco, within a year, pushing ahead with its expansion plans while many retailers are reeling from the coronavirus crisis.

Oil prices were trading down more than 1% on Monday after hitting their lowest since July, as Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months and optimism about demand recovery cooled amid the pandemic.

SoftBank Group is taking a direct role in managing its virushit hospitality startup Oyo's operations in Latin America through a joint venture which will control all hotels in the region, the head of Oyo Brazil told Reuters in an interview on Friday.