Business

Warren Buffett's company reported an 87% jump in its secondquarter profit as the value of its investment portfolio increased with the stock market, but it took a roughly $10 billion write down on the value of its aircraft parts manufacturing business beca...

Oil prices fell nearly 2% on Friday, limiting their weekly gain due to concerns the global recovery could falter from a resurgence of coronavirus cases.

Japan will buy 120 million doses of AstraZeneca Plc's experimental COVID19 vaccine from early next year, its health minister said on Friday, adding that domestic pharmaceutical firms would help in supplying the drug.

Energy prices are set to fall for millions of British households this winter after the energy regulator said its cap on the most widely used tariffs would be lowered by about 7.5% from Oct. 1, to their lowest level since the cap began.

BP is preparing to sell a large chunk of its oil and gas assets even if crude prices bounce back from the COVID19 crash because it wants to invest more in renewable energy, three sources familiar with BP's thinking said.

President Donald Trump said Thursday that the United States is reinstating a 10% import tax on Canadian aluminum, raising tensions with an American ally just weeks after his trade pact with Canada and Mexico took effect.

Gold extended its recordbreaking run on Thursday, driven by expectations of more monetary response as surging virus cases continue to pummel the U.S. economy.

Toyota Motor Corp eked out its smallest quarterly profit in nine years as the coronavirus pandemic halved its car sales and nearly wiped out its bottom line.

The dollar's supremacy of well over two years has turned sharply and the current downward trend will continue into next year on expectations the U.S. economic recovery is flagging, especially compared to Europe, buttressing the euro, a Reuters poll showed...

British shopping centre operator Hammerson plans to raise 825 million pounds ($1.1 billion) from a rights issue and the sale of its 50% stake in VIA Outlet to see it through the COVID19 crisis, it said on Thursday.

Toyota Motor Corp eked out its smallest quarterly profit in nine years as the coronavirus pandemic halved its car sales and nearly wiped out its bottom line.

Britain's banks hold enough capital to keep on lending to the country's companies and also to absorb billions in losses likely to arise due to the COVID19 pandemic, the Bank of England said.

According to traders, investors are positive ahead of the Reserve Bank of India's monetary policy outcome, scheduled for later in the day.

DBS Group's secondquarter net profit slumped by a fifth as it boosted loanloss provisions in a pandemichit market, but Southeast Asia's top lender said bad loans this quarter were steady and fee income was rising.

Australia's largest financial advisory firm AMP Ltd said on Thursday Alex Wade resigned as the chief executive of its domestic wealth arm, as the unit navigates hefty outflows and lawsuits.

Pakistan's top economic body on Wednesday approved its costliest project to date as part of the multibilliondollar ChinaPakistan Economic Corridor (CPEC) agreement, giving the goahead for a $6.8 billion project to upgrade its railway lines, the government...