Business
World shares march higher as S&P 500 nears all-time record
Shares advanced in Europe and Asia on Tuesday after the S&P 500 climbed to within striking distance of its all-time high set in February.
Bayer buys British developer of treatment for menopausal symptoms
Bayer agreed to acquire British biotech firm KaNDy Therapeutics Ltd. for an initial $425 million to strengthen its women's healthcare business with a prospective nonhormonal treatment of menopausal symptoms.
Sensex, Nifty rise as ICICI Bank gains on share sale offer
Indian shares rose and the Nifty gained for a sixth straight session on Tuesday as gains in ICICI Bank Ltd following the launch of a share sale put market fears over rising coronavirus cases on the back burner.
Occidental posts $8 billion loss, outlines oil production cuts
Occidental Petroleum Corp on Monday posted a $8.35 billion secondquarter loss on lower energy prices and writedowns as the U.S. oil producer has been trying to reduce debt amid a pandemic that has sapped fuel demand and prices. Occidental, which borrow...
Nutrien cuts 2020 adjusted profit forecast on weak ammonia prices
Canadian fertilizer maker Nutrien Ltd on Monday cut its annual adjusted profit forecast as weakerthannormal industrial demand held back prices for ammonia and urea ammonium nitrate.
Asian shares cautious as Sino-U.S. tensions weigh
Asian stocks held tight ranges on Monday as worries over flaring tensions between the United States and China weighed on sentiment although signs of a recovery in industrial activity in the world's secondlargest economy capped losses.
'Like gold': Canadian canola prices spike as shippers find back door to China
Canadian canola prices have soared to the highest in nearly two years, despite a diplomatic dispute between Ottawa and Beijing, as exporters find roundabout ways to reach top oilseed buyer China.
Foreign Investors Remain Net Buyers in August 1st Week, Pump in Rs 8,327 Crore
Foreign portfolio investors (FPI) invested a net Rs 7,842 crore in equities and Rs 485 crore in the debt segment between Aug 3-6, according to depositories data.
Major Ports' Cargo Handling Drops 18% to 193 MT in April-July amid Covid-19 Pandemic
Ports like Chennai, Cochin and Kamrajar saw their cargo volumes nosedive over 30 per cent during April-July, while JNPT and Kolkata suffered a drop of over 20 per cent.
Global Markets: Dollar gains, stock rally ebbs after labor report
The dollar bounced off twoyear lows and a gauge of global equity markets halted a march toward a record high on Friday as slightly betterthanexpected data on U.S. job growth in July also snapped big rallies in gold and the euro.
Wall Street retreats on slowing jobs growth, U.S.-China friction
The S&P 500 retreated from a near sixmonth high in choppy trading on Friday with data showing a sharp slowdown in U.S. employment growth, while U.S.China tensions escalated with President Donald Trump's move to ban WeChat and TikTok.
Exclusive: South Africa tries to recover over $23 million from SAP for 'unlawful' contracts
South African investigators are seeking to recover more than 400 million rand ($23 million) from German software firm SAP for two government contracts they allege were entered into unlawfully, court documents seen by Reuters show.
U.S. job growth decelerates in July, casts shadow on recovery's strength
U.S. employment growth slowed considerably in July amid a resurgence in new COVID19 infections, offering the clearest evidence yet that the economy's recovery from the recession caused by the pandemic was faltering.
Trump advisers urge delisting of U.S.-listed Chinese firms that fail to meet audit standards
Trump administration officials have urged the president to delist Chinese companies that trade on U.S. exchanges and fail to meet U.S. auditing requirements by January 2022, Securities and Exchange Commission and Treasury officials said on Thursday.
Japan's Kirin, hit by virus, says helped by expansion beyond beer
Japan's Kirin Holdings cut its fullyear profit outlook on Friday as the coronavirus pandemic hit global sales of its beer, but said its expansion into new businesses such as healthcare sheltered it from a bigger impact.
OCBC profit falls 40%, rounds up cautious outlook for Singapore banks
Singapore's secondlargest lender OverseaChinese Banking Corp reported a largerthanexpected 40% tumble in secondquarter net profit on Friday, hurt by loanloss provisions in a pandemichit market and a slowdown in customer activity.
