Business

How concerned should policymakers be by the euro's rapid rise to 28month highs? Those tracking the currency's effects on growth, inflation and exports reckon it's still some way off levels that would start to dent economic recovery.

Federal Reserve Chair Jerome Powell on Friday said the U.S. jobs report for August was "a good one," but noted that with gains likely to slow, the central bank is planning to keep its foot on the monetary policy gas pedal for years.

The Trump administration is considering whether to add China's top chipmaker SMIC to a trade blacklist, a Defense Department official said on Friday, as the United States escalates its crackdown on Chinese companies.

U.S. employment growth slowed further in August and permanent job losses increased as money from the government started running out, raising doubts on the sustainability of the economy's recovery from the deep COVID19 recession.

Business events and economic reports scheduled for the coming week.

Wall Street's main indexes extended declines on Friday, with the Nasdaq on track for its worst twoday fall since March as technology stocks sold off again, overshadowing data showing a steeperthanexpected drop in the August unemployment rate.

Data storage solutions provider Western Digital Corp is betting big on the burgeoning video surveillance market in the country and is lining up solutions to cater to video and AI analytics requirements of the segment, a top company executive said. West...

Banks in West Bengal have sanctioned Rs 5,350 crore of loans till the last week of August to businesses to tide over liquidity woes amid the COVID19 crisis, an official said on Friday. Public and private sector lenders have sanctioned the loans under th...

The divergence between the Latin America's two largest economies, Brazil and Mexico, is widening as the region's most prominent left and rightwing leaders adopt stridently different fiscal responses to the COVID19 pandemic.

Oil held above $44 a barrel on Friday and was on course for its biggest weekly decline since June as weak demand figures added to concern over a slow recovery from the COVID19 pandemic.

Guar seed prices on Friday fell by Rs 30 to Rs 3,975 per 10 quintal in futures trade. On the National Commodity and Derivatives Exchange, guar seed contracts for September delivery was trading down by Rs 30, or 0.78 per cent, at Rs 3,975 per 10 quintal...

Asia's stock markets had their worst session in two weeks on Friday following a techled plunge on Wall Street, though gains in safer assets like bonds and dollars were muted as investors awaited U.S. job data to see if it triggers a bigger selloff.

The move comes after Goldman Sachs agreed to pay $3.9 billion to Malaysia to settle a probe into its alleged role in the scandal involving the fund, 1Malaysia Development Berhad (1MDB), which counts former Malaysian prime minister Najib Razak as one of it...

The dollar's downtrend will continue into next year, driven largely by the U.S. Federal Reserve's shift to a new policy framework, although expectations for a deep fall in a sustained way have waned somewhat from last month, a Reuters poll found.

The number of job adverts in Britain rose at a slower pace in late August than earlier in the month, a recruiters body said on Friday, but there were signs that companies were looking for staff to help with a return to their offices.

Wall Street's main indexes tumbled on Thursday, heading for their worst day since June as investors dumped highflying technologyfocused stocks, while economic data highlighted concerns about a long and difficult recovery.