Business
Business events scheduled for the coming week
Business events and economic reports scheduled for the coming week.
Harley's activist investor backs business reboot strategy
An activist investor who shook up HarleyDavidson Inc earlier this year said he is impressed with the changes initiated by new Chief Executive Jochen Zeitz to turn around the 117yearold motorcycle company.
Brinton Pharma Gets DCGI Nod to Launch Favipiravir 400 mg Tablets for Covid-19 Treatment
The tablets are indicated for the treatment of patients with mild to moderate COVID-19 symptoms, Brinton Pharmaceuticals said in a statement.
Sensex, Nifty fall on worries over slow economic recovery path
Indian shares tracked global equity markets lower on Thursday on rising concerns about the long and difficult path to economic recovery from the coronavirus outbreak.
Airbnb files for IPO as short-term rental market rebounds
Shortterm home rental company Airbnb Inc said on Wednesday it filed confidentially for an initial public offering with U.S. regulators, setting the stage for one of 2020's marquee U.S. stock market debuts.
S&P 500, Nasdaq slide from record highs after Fed minutes
The S&P 500 and Nasdaq slipped from alltime intraday highs on Wednesday in choppy trading after the Federal Reserve ruled out for now more dovish monetary policy measures such as the yield curve control.
Trump Calls Oracle a Good Company, Says it Could Take Over TikTok in the US
U.S. President Donald Trump said on Tuesday that Oracle Corp is a good company and could take over popular Chineseowned social media app TikTok in the United States, after he issued an order mandating its sale in 90 days.
Mali's Gold Miners Carry on Digging Despite Coup, Shares Hit
Companies mining gold in Mali said they were operating as usual while monitoring a political crisis that caused the country's borders to shut and hit their share prices on Wednesday.
Global Markets: Shares Gain as Wall Street Record Outweighs Jitters Over Growth
European shares gained ground on Wednesday as a record high on Wall Street outweighed simmering worries over a resurgence in coronavirus cases that could undermine a nascent recovery.
Lufthansa Reaches Deal with Pilots to Cut Costs
Lufthansa said it had reached an agreement with pilots on Wednesday over a package of shortterm measures to cut costs as the German airline battles to reduce losses due to the coronavirus pandemic.
Cabinet Relaxes Working Capital Norm for Discoms to Get Loan under Rs 90k Crore Liquidity Plan
However, some of the discoms were not eligible for getting loans under the package because they were not meeting working capital limit norms under the UDAY scheme.
Target Sales Surge as Americans Lean on Big Box Stores
Comparable store sales at Target soared 24.3% in the second quarter, more evidence that big box retailers have turned them into essential points of supply during the pandemic.
Global Markets: Shares Nudge Up as Wall Street Record Outweighs Jitters on Growth
Strategist said the tepid performance in Europe and Asia was symptomatic of growing focus for investors: where to put money before a coronavirus vaccine is found.
Maersk shares jump after upbeat earnings guidance
Maersk on Wednesday issued fullyear earnings guidance above its forecast at the beginning of the year, even as the shipping group expects demand for moving containers at sea to remain below normal levels in the third quarter.
Hong Kong markets, Stock Connect morning trade cancelled due to typhoon
HONG KONG - Morning trading on Hong Kong's securities market, including Stock Connect trading and derivatives, was cancelled on Wednesday due to a typhoon affecting the city, bourse operator Hong Kong Exchanges and Clearing Ltd (HKEX) said.
Citigroup wins freeze on funds mistakenly sent to Revlon creditors
Citigroup Inc won a small victory on Tuesday in its battle to recoup nearly $900 million (686.73 million pounds) it mistakenly sent to creditors of troubled cosmetics company Revlon Inc .