Business
Worst Seems to Be Over, Farm Sector to Cushion Covid-19 Impact on Economy: FinMin Report
Pinning hopes on the farm sector, the report said, agriculture is set to cushion the shock of the COVID pandemic on the Indian economy in 2020-21..
French bank SocGen reshuffles management structure
French bank Societe Generale announced on Tuesday a wide management reshuffle in a move to reduce costs and boost synergies following two consecutive quarterly losses.
EasyJet adds flights as summer bookings rise
British lowcost airline easyJet plans to fly at 40% of its capacity over the rest of the summer thanks to stronger than expected bookings despite continuing pandemic uncertainty.
Neptune Energy makes 'significant' oil discovery in Norway
Britain's Neptune Energy and its partners have discovered oil at a jointly owned drilling license in the Norwegian part of the North Sea, and will now consider options for how to develop the find, the company said on Tuesday.
Insider Jagdishan to take reins at India's most valuable lender
India's top privatesector lender HDFC Bank Ltd has received the approval to name insider Sashidhar Jagdishan its chief executive officer, the bank said on Tuesday, as it steers itself through the coronavirus downturn.
Global Markets: Asia shares supported by upbeat U.S. manufacturing, but virus woes cap gains
Asian shares advanced on Tuesday thanks to strong U.S. manufacturing data and upbeat tech stocks, though broader worries about the coronavirus and global economy saw some markets trim early gains.
HDFC Bank gets new CEO, boosts Nifty shares
Indian shares rose over 1% on Tuesday, driven by a nearly 6% jump in HDFC Bank Ltd after the central bank approved the appointment of a new chief executive officer for the country's most valuable bank.
Lobbying for Russian pipeline spikes in Washington
As U.S. lawmakers plot to stop one of Moscow's most important projects in Europe, the Nord Stream 2 pipeline, lobbyists supporting it are busier than ever but disclosing few details of their work, according to government filings and current and former U.S...
Trump ousts TVA board members over outsourcing jobs, targets CEO salary
President Donald Trump said on Monday he was formally removing two members from the board of the Tennessee Valley Authority for seeking to outsource U.S. jobs to foreign workers, and criticized its chief executive as "ridiculously overpaid."
Tyson Foods names new CEO as coronavirus raises costs
Tyson Foods Inc named its president, former technology executive Dean Banks, as its new chief executive on Monday as the meatpacker faces unprecedented disruptions from the COVID19 outbreak.
German regulator to examine auditor EY over Wirecard accounts - Handelsblatt
The German body in charge of regulating auditors is examining EY in connection with their involvement with collapsed payment services firm Wirecard , Handelsblatt newspaper reported on Monday, citing a confidential Economy Ministry document.
Luxury carmaker Ferrari trims forecasts after second-quarter profit falls
Italian luxury carmaker Ferrari trimmed its sales forecasts for this year on Monday, after reporting decreasing, albeit in line with expectations, core earnings in the second quarter due to the coronavirus pandemic.
Google to buy 6.6% stake in ADT in home security push
Alphabet Inc's Google is buying a 6.6% stake in home security firm ADT Inc for $450 million in a deal that will allow it to provide service to customers of its Nest home security devices.
Oil falls as virus cases rise and OPEC+ set to boost output
Oil prices fell on Monday on fears about the economic fallout from rising COVID19 cases around the globe and on oversupply worries as OPEC and its allies are set to wind back output cuts in August.
U.S. gridlock over stimulus keeps global stocks muted, dollar edges higher
World stocks began August cautiously as U.S. lawmakers struggled to agree a new stimulus plan following a global surge of COVID19 cases, though a squeeze on crowded short positions left the dollar clinging to a tentative bounce.
SocGen posts second straight quarterly loss, as it readies trading business revamp
Societe Generale SA (SocGen) reported on Monday a 1.26 billion euro ($1.48 billion) secondquarter loss, as it booked a writedown on the value of its trading business that it seeks to revamp.