Business

Gold began the new year by climbing 2% on Monday, closing in on its highest in nearly two months as the dollar slid to 2018 lows and prospects of tougher restrictions to combat a new variant of the coronavirus kept safehaven bullion in demand.

A look at some of the key business events and economic indicators upcoming this week:

Singapore marked its worst ever recession in 2020 due to the COVID19 pandemic, although contraction moderated in the fourth quarter as the citystate lifted more coronavirusrelated curbs, putting the economy on path to a slow and patchy recovery.

India's drug regulator DCGI on Sunday approved Oxford COVID-19 vaccine Covishield, manufactured by the Serum Institute, and indigenously developed Covaxin of Bharat Biotech for restricted emergency use in the country, paving the way for a massive inoculat...

Alabama rolled into another College Football Playoff championship game.

Citing sources, the report said around Rs 450 crore (USD 26,153,783.34) "NAB amount was lying in the UBL, London account, which is operated in the name of Pakistan High Commission in the UK".

Three Chinese companies will be booted off the New York Stock Exchange this month under an executive order signed in November by President Donald Trump.

Nissan Motor is planning to further reduce its presence in Europe and outsource the sales and manufacturing of its cars to alliance partner Renault, the daily Yomiuri newspaper reported on Friday.

Daimler AG's North American truck unit on Thursday agreed to a $30 million U.S. civil penalty to resolve an investigation of delayed recalls, the second time since late 2019 the German automaker has agreed to settle a probe by U.S. auto safety regulators.

U.S. stocks were set for a muted open on the last trading session of a tumultuous year on Thursday, as investors digested big market gains and hoped that more stimulus and coronavirus vaccines will drive a strong economic recovery in 2021.

Britain said on Thursday its decision to suspend retaliatory tariffs against the United States was already bearing fruit after it was spared in a new round of U.S. tariff increases which hit French and German produce.

At the interbank forex market, the domestic unit opened at 73.15 against the US dollar and inched higher to 73.12 against the greenback.

Gold prices gained on Wednesday as the dollar weakened, with investors looking past a top U.S. Republican leader's decision to postpone a Senate vote on increased pandemic relief payments.

In Delhi, 22-carat and 24-carat gold are priced at Rs 48,820 and Rs 53,250. In Chennai and Mumbai, 22-carat gold can be purchased at Rs 47,180 and Rs 49, 230, while 24-carat gold is coming at Rs 51,480 and Rs 50,230.

Wall Street lost ground on Tuesday, retreating from intraday highs, while oil prices gained ground as investors looked to Washington for signs that an enhanced stimulus package would pass a U.S. Senate vote.

Gold prices rose on Tuesday as the prospect of additional U.S. stimulus bolstered the metal's appeal and weighed on the dollar, with Washington's lawmakers set to vote on larger coronavirus relief checks.