Business

Governments need to invest aid funds more selectively to overcome the coronavirus crisis in the long term, International Monetary Fund Managing Director Kristalina Georgieva said.

The Indian rupee retreated after hitting near sixmonth highs on Monday following reports of fresh border tensions with China.

Norway's $1 trillion wealth fund said it has excluded Taiwan's Formosa Chemicals and Fibre, Formosa Taffeta and India's Page Industries from its portfolio, saying they posed an "unacceptable risk for violation of human rights".

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

Chinas manufacturing activity held steady in August as domestic demand helped to offset weaker orders from exports markets that are struggling with the coronavirus pandemic, a survey showed Monday.

Mainland Chinese investors are scouring Hong Kong's commercial property market for bargains after prices plunged 30%, signalling a new wave of demand following antigovernment protests last year that kept a lid on investment activity.

Four of China's five largest stateowned banks said they have increased their provisions against bad debt to brace for future losses due to the impact of the global coronavirus pandemic.

Biyani’s biggest success had come from diversification. In early 2019, having diversified into many categories over the years with limited success in some of them, Biyani confessed that it was a mistake.

Kishore Biyani selling his retail business to billionaire Mukesh Ambani’s Reliance Retail will make RIL the undisputed leader in India's brick-and-mortar space.

Wall Street advanced on Friday pushed higher by technology stocks, with the S&P 500 on track for its sixth record closing high since confirming a bull market on Aug. 18.

Gold rebounded over 2% on Friday, a day after a steep selloff, as the U.S. dollar weakened and the U.S. Federal Reserve signaled a prolonged low interest rate strategy.

The S&P 500 rose on Friday, extending a sixday rally led by technology stocks as the prospect of superlow interest rates for a prolonged period and bets on a medical solution to the COVID19 pandemic spurred risk appetite.

Bank of England Governor Andrew Bailey said the British central bank has more ammunition to help support the economy after its coronavirus lockdown shock, and there is evidence that big, aggressive stimulus pushes are effective.

Taiwan paved the way for an eventual free trade deal with the United States on Friday by announcing an easing of restrictions on the import of U.S. beef and pork, as the island looks to boost ties with Washington at a time of tensions with China.

U.S. technology giants are increasingly dominating the stock market in the midst of the coronavirus pandemic, even as they draw accusations of unfair business practices, and some investors fear the pump is primed for a techfueled selloff.

A nuclear energy venture founded by Bill Gates said Thursday it hopes to build small advanced nuclear power stations that can store electricity to supplement grids increasingly supplied by intermittent sources like solar and wind power.