Business

Airbnb Inc's initial public offering (IPO) registration showed on Monday that the home rental startup turned a profit in the third quarter despite the COVID19 pandemic, as it gears up for one of the most anticipated stock market debuts in recent years.

Airbnb Inc's initial public offering paperwork showed on Monday the home rental startup turned a profit in the third quarter due to aggressive cost cuts, as it prepares for one of the most anticipated stock market debuts in recent years.

The European Commission wants to reach a deal with Moderna for the supply of millions of doses of its COVID19 vaccine candidate for a price below $25 per dose, an EU official involved in the talks said.

Home Depot Inc said on Monday it would buy industrial goods wholesaler HD Supply Holdings Inc in a deal valued at about $8 billion.

Gold steadied near a oneweek high on Monday as the dollar weakened, with concerns over mounting coronavirus cases offsetting a risk rally driven by optimism over a vaccine.

The sales during this festive season gave China an expected loss of Rs 40,000 crore in view of ban on Chinese goods called by the traders' body.

U.S. stocks were sharply higher and the Treasury yield curve steepened on Friday as upbeat earnings and Presidentelect Joe Biden's COVID advisory team helped reassure investors about the threat of new pandemicrelated lockdowns to combat record spikes in c...

A long period of underperformance for value stocks has frustrated Mike Mullaney, whose firm's investing style is "all value, all the time."

U.S. producer prices increased for a sixth straight month in October amid more expensive food and gasoline, but the trend remained moderate, supporting views of tame inflation given labor market slack and a resurgence in new coronavirus cases.

The NSE Nifty 50 index and the benchmark S&P BSE Sensex were down about 0.05% at 12,685.2 and 43,333.69, respectively, by 0526 GMT. The indexes, which are on track for a second straight week of gains, had risen as much as 0.36% during the session.

Germany's Daimler AG and its China commercial vehicle partner Beiqi Foton Motor Co plan to invest 2.75 billion yuan ($415.32 million) to build MercedesBenzbranded Actros heavy trucks for the first time in China, a document showed.

Trade frictions between the United States and China may not ease in the near term even if Joe Biden becomes president of the United States, former Chinese finance minister Lou Jiwei said on Friday.

The Infectious Diseases Society of America (IDSA) on Thursday said it is evaluating the data on which U.S. regulators approved emergency use of Eli Lilly and Co's COVID19 antibody drug, and noted that more information is needed.

A combination of Canadian drug developer Medicago's experimental COVID19 vaccine and Britain's GlaxoSmithKline's adjuvant, will enter large human studies involving more than 30,000 volunteers this year, the two companies said on Thursday.

The number of Americans filing new claims for unemployment benefits fell to a sevenmonth low last week, but the pace of decline has slowed and further improvement could be limited by a raging COVID19 pandemic and lack of additional fiscal stimulus.

Gold prices edged up on Thursday, after dropping over 1% in the previous session, as concerns over the economic fallout from surging COVID19 cases outweighed positive development around a vaccine.