Business
Gold Eases Off Three-week High As Dollar Steadies
Gold inched down from a threeweek high as the dollar recouped some of its losses after a new U.S. coronavirus aid package ran into resistance.
Amid COVID, Many Businesses In Precarious Spot As 2020 Ends
The final three months of the year, usually a boom time for many small businesses thanks to holiday shopping and celebrations, looks precarious as the coronavirus maintains its grip on the economy.
COVID-19 Coverage Safety Net Has Plenty Of Holes In US
COVID-19 can do more than torment patients physically. It also clobbers some financially.
Wall St Advances, Gold Rises As Stimulus Talks Progress
U.S. stocks joined their global counterparts in the black, and were on track for weekly gains on Friday as ongoing fiscal aid talks and growing expectations for Democratic election victories revived hopes over economic stimulus.
Gold Jumps 1% As Dollar Slides On Stimulus Bets
Gold climbed more than 1% on Friday as the dollar retreated to a near threeweek low and increased bets for fresh U.S. stimulus pushed investors to bullion as a hedge against likely inflation.
ONGC Sees Rs 6,000 to 7,000 Crore Loss on Gas Business After Govt-mandated Rates Drop to a Decade Low
The government-mandated rates are way below the cost of production of USD 3.5-3.7 per million British thermal unit, Oil and Natural Gas Corp (ONGC) Director (Finance) Subhash Kumar said.
Drive-thru Dominates Even As Dine-in Restrictions Ease
Even with cities like New York relaxing rules for dining in, sales figures from chains like McDonalds and Dominos Pizza on Thursday suggest that most people continue to favor keeping their distance.
Airlines May Soon Be Permitted to Operate 75% of Pre-Covid Domestic Flights: Hardeep Singh Puri
On June 26, the Ministry of Civil Aviation had allowed the airlines to operate a maximum of 45 per cent of their pre-COVID domestic flights.
EasyJet Warns First Ever Annual Loss Could Top $1 Billion
British airline easyJet warned on Thursday its first ever annual loss could be as much as 845 million pounds ($1.1 billion) as the pandemic meant it was flying just 25% of planned capacity.
Chevron Tops Exxon Mobil Market Cap For First Time
Chevron’s market value leapfrogged that of Exxon Mobil for the first time on Wednesday during a week in which it closed a $4.1 billion, allstock deal for Noble Energy, a smaller oil and gas producer.
Wall Street Jumps On Hope That Partial Coronavirus Stimulus Deal May Occur
U.S. stocks rose on Wednesday as investors were optimistic that at least a partial deal on more U.S. fiscal stimulus may happen.
Closing Prices For Crude Oil, Gold And Other Commodities
Benchmark U.S. crude oil for November delivery fell 72 cents to $39.95 a barrel Wednesday. Brent crude oil for December delivery fell 66 cents to $41.99 a barrel.
Oil Prices Fall On U.S. Stimulus Impasse, Rising U.S. Crude Stockpiles
Oil prices fell on Wednesday after U.S. President Donald Trump dashed hopes for a fourth stimulus package to boost the coronavirushit economy and on a largerthanexpected increase in U.S. crude inventories.
Asian Stocks Hit Two-week High, Defy U.S. Stimulus Gloom
Asian stock markets hit a twoweek high on Wednesday, brushing off a Wall Street tumble and a drop in commodity prices after U.S. President Donald Trump abruptly cancelled talks with lawmakers on coronavirusrelief spending plans.
Airline Stocks Fall Sharply On Trump Move To End Stimulus Talks
Shares of major airlines fell on Tuesday after U.S. President Donald Trump said his administration would abandon talks with congressional Democrats over proposals to spend at least $1.6 trillion in additional coronavirus relief funds.
Oil Ends Up On Supply Issues, Nixed U.S. Stimulus Talks A Bearish Sign
Oil prices rose more than 2% on Tuesday, supported by expected supply disruptions from a hurricane approaching the Gulf of Mexico and an oil worker strike in Norway.
