Business

German fashion house Hugo Boss said on Tuesday it had returned to strong growth in China in June and online sales jumped 74% in the second quarter even as it reported an overall 59% fall in sales for the period on Tuesday due to lockdowns.

Subaru Corp on Tuesday forecast its annual operating profit would drop to a nineyear low this year as it expects to take a sales hit in the United States, its largest market where the number of coronavirus infections continues to climb.

South Korea on Tuesday said it will supply more than 132,000 new homes in Seoul through 2028 by easing building height limits and converting military sites and other stateowned properties into residential areas.

General Motors Co on Monday asked a U.S. federal judge to reinstate a racketeering lawsuit against Fiat Chrysler Automobiles NV (FCA), saying it has new information on foreign accounts used in an alleged bribery scheme involving its smaller rival and unio...

Gold prices retreated from a record high on Monday after the dollar strengthened and investors booked some profits, with the focus now on proposals for new U.S. coronavirus aid to extend relief benefits to jobless Americans.

The German body in charge of regulating auditors is examining EY in connection with the collapse of payment services firm Wirecard, Handelsblatt newspaper reported on Monday, citing a confidential Economy Ministry document.

The European Union is willing to compromise to rescue troubled Brexit talks by softening its demand that Britain heed EU rules on state aid in the future, diplomatic sources told Reuters.

Russia's AntiMonopoly Service said on Monday it had approved Hyundai's possible acquisition of a General Motors factory in St Petersburg, the Interfax news agency reported.

Russian oil and gas condensate output increased to 9.8 million barrels per day (bpd) on Aug. 12 from 9.37 million bpd in July as the country eases production curbs under an OPEC+ deal, a source familiar with data said on Monday.

The COVID19 pandemic has led to a spike in investment among Britons, with millennials leading the way as they turn increasingly to the stock market.

Spot gold may retreat into a range of $1,943-$1,954 per ounce, said Reuters technical analyst Wang Tao.

The Asia-focused lender embarked on a huge cost-cutting initiative at the start of the year, including plans to slash some 35,000 jobs as well as trimming fat from less profitable divisions, primarily in the United States and Europe.

The euro zone's economy recorded its deepest contraction on record in the second quarter, preliminary estimates showed on Friday, while the bloc's inflation unexpectedly ticked up in July.

France's Alstom SA clinched EU antitrust approval on Friday to acquire Canadian rival Bombardier Inc's rail business in a deal that will elevate it to the world's secondlargest rail maker after China's CRRC Corp .

Wall Street was set to open higher on Friday after tech titans Apple, Amazon.com and Facebook posted blowout quarterly earnings, helping keep nagging pandemic nerves at bay.

In absolute terms, the fiscal deficit stood at Rs 6,62,363 crore at end-June, as per data by the Controller General of Accounts (CGA).