Business
Oil Falls On Mounting COVID-19 Cases, Supply Concerns
Oil edged lower on Friday, falling more than 2% on the week as COVID19 cases surged globally and oil supply is set to rise in coming weeks.
EU Commission Appeals After Losing Apple $15B Tax Case
The European Commission said Friday it is appealing a court decision that Apple doesn't have to repay 13 billion euros ($15 billion) in back taxes to Ireland.
Investors Richer by Rs 3.52 Lakh Crore as Markets Make Strong Comeback
Following the broad-based recovery, the market capitalisation of BSE-listed firms zoomed Rs 3,52,020.53 crore to Rs 1,52,28,237.75 crore on Friday.
Asian Shares Mixed, Cheered By US Rally, Stimulus Hopes
Asian shares other than those in China advanced Friday, cheered by a modest rally on Wall Street and rising hopes for fresh stimulus for the U.S. economy.
Gold Steadies As Dollar Rally Cools, Set For Worst Week In Six
Gold prices steadied on Friday as the dollar retreated and hopes for more U.S. stimulus measures resurfaced, although the precious metal was on track to post its steepest weekly contraction since August.
Singapore August Manufacturing Surges 13.7% Year-on-year, Beats Forecasts
Singapore's industrial output rose 13.7% yearonyear in August, beating economists' expectations, buoyed by a 44.2% jump in electronics production, official data showed on Friday.
G7 Finance Heads Seen Backing Extension Of Debt Freeze For Poorest Nations - Sources
G7 finance ministers are expected on Friday to signal their support for extending a debt relief programme aimed at helping the poorest countries weather the coronavirus pandemic, three sources briefed on the issue said.
E.W. Scripps, Darden Rise; Accenture, Penn National Fall
Stocks that moved heavily or traded substantially Thursday:
Pfizer Partner BioNTech Sees No Role For Its Vaccine In UK Challenge Trial
Pfizer's German development partner BioNTech on Thursday joined other leading COVID19 vaccine developers in ruling out participation in British plans to test experimental inoculations by deliberately infecting trial volunteers.
Seek Prior Approval Before Re-appropriating Funds Provided for Travel, Other Expenses: Finance Ministry
Under the Delegation of Financial Power Rules, 1978, the ministries and departments have the powers of augmentation of funds through re-appropriation in cases where the augmentation is less than Rs 5 crore.
Hit Hard by Covid-19 Lockdown: 65% People Suffer Loss of Income and 55% May Seek Loan Recast, Says Survey
The consumer survey report 'Dealing with Debt: How India plans to pay EMIs' by paisabazaar.com was undertaken to gauge the impact of coronavirus pandemic on the Indian borrowers' income and loan repayment capacity.
Mortgage Rates Tick Up To 2.9%, Remain At Historic Lows
U.S. average rates on longterm mortgages rose slightly this week but remain at historically low levels.
Centre Allows 5 States to Undertake Additional Borrowing of Rs 9,913 Crore through OMBs
These states are Andhra Pradesh, Telangana, Goa, Karnataka and Tripura.
Oil Falls On Fuel Demand Growth Concerns As Coronavirus Lingers
Oil futures fell on Thursday on concerns the economic recovery in the United States, the world's biggest oil consumer, is slowing as the coronavirus outbreak lingers and a resurgence in European cases led to new travel restrictions there.
Data Breach At Software Provider To Local Governments
A major provider of software services to local governments and schools across the United States, Tyler Technologies, told customers Wednesday that an unknown intruder broke into its phone and information technology systems.
Corporate Groups Cheer, Investors Cry Foul As U.S. Tightens Shareholder Rights Rules
The U.S. Securities and Exchange Commission (SEC) voted 32 on Wednesday to make it tougher for shareholders to push companies on issues such as climate change, social justice and diversity, with Democratic commissioners dissenting against the move.
