Business

Shares of electric carmaker Tesla were down ahead of their debut on the S&P 500 on Monday, as worries over a fastspreading new coronavirus strain in Britain weighed on markets.

China's former finance minister Lou Jiwei suggested that China could restrict the number of banks a single fintech platform can partner with, to prevent any platform from gaining too much market share, state media reported on Sunday.

The decline in gold and silver imports has helped in narrowing the country's trade deficit, difference between imports and exports, to USD 42 billion during April-November 2020-21 as against USD 113.42 billion in the year-ago period.

Private equity firm Blackstone Group Inc is in talks to merge U.S. benefits services provider Alight Solutions LLC with a blankcheck acquisition firm backed by veteran investor Bill Foley, according to people familiar with the matter.

Oil dipped towards $51 a barrel on Friday though still headed for a seventh weekly gain in a row as investors focused on the rollout of COVID19 vaccines and looked past rising case numbers and tighter lockdowns in Europe.

Oil steadied near a ninemonth high on Friday on track for a seventh weekly gain in a row as investors focused on the rollout of COVID19 vaccines and looked past rising case numbers and tighter lockdowns in Europe.

The Coca-Cola Co. said Thursday its laying off 2,200 workers, or 17% of its global workforce, as part of a larger restructuring aimed at paring down its business units and brands.

Technology and health care stocks helped lift stocks to new highs on Wall Street Thursday.

Stocks that moved heavily or traded substantially Thursday:

Regulators in Massachusetts claim Robinhood Financial targets and manipulates inexperienced investors and has failed to prevent costly outages on its popular stock trading platform.

The parent company of Wish, a shopping app that sells cheap clothing, toys and electronics, sputtered in its stock market debut.

U.S. manufacturing output increased more than expected in November, boosted by motor vehicle production, but momentum could slow in the months ahead as a fresh outbreak of COVID19 infections keep workers at home and temporarily shut down factories.

German Health Minister Jens Spahn told a news conference that he hoped European Union approval for the vaccine would be in place before Christmas, clearing a path for inoculations before the end of the year.

The European Union will need to move in negotiations but it is in the interests of both Britain and the bloc to get a trade deal, British minister Steve Barclay said on Tuesday.

Oil prices fell on Tuesday as tighter lockdowns in Europe and a forecast for a slower recovery in demand next year outweighed relief from vaccination rollouts and concerns about a flareup of tension in the Middle East.

Four Royal Navy patrol ships will be ready from Jan. 1 to help Britain protect its fishing waters in case of a nodeal Brexit, as Prime Minister Boris Johnson said the UK was likely to complete its EU exit in three weeks without a trade deal.