Business

Index provider FTSE Russell will delete shares of video security firm Hikvision and seven other Chinese companies from certain products after a U.S. order restricting purchase of their shares, it said on Friday.

There was an explosion at South Africa's secondlargest crude oil refinery in Durban on Friday morning, a local metropolitan police official told Reuters, adding it was not yet clear whether there had been injuries or deaths.

Budget airline Ryanair on Thursday ordered 75 Boeing 737 MAX jets with a list price of $9 billion, throwing a commercial lifeline to the embattled U.S. planemaker after regulators lifted a 20month safety ban.

Good progress is being made by Britain and the European Union in Brexit trade negotiations but Prime Minister Boris Johnson's government will not sign up to a deal that is not in Britain's interest, Education Secretary Gavin Williamson said on Thursday.

Gold rose to more than oneweek high on Thursday, as the dollar fell to multiyear lows on hopes of coronavirus vaccine rollouts soon, while investors kept track of developments on a U.S. stimulus deal.

On the October evening President Emmanuel Macron ordered France back into lockdown, the chief executive of Thales told staff in a memo that antiCOVID measures already in place at the company conformed with the new requirements.

Burger King has set aside up to 75 per cent of the issue for QIB and 15 per cent for Non-Institutional Investors (NIIs). It has reserved 10 per cent of the shares for retail investors. The company has fixed a price band of Rs 59-60 per share.

Angola's state oil giant Sonangol will next year accelerate reforms and efforts to raise revenue after the pandemic drained investor interest in an asset sale that has so far netted only around $60 million, its CEO told Reuters in a rare interview.

Trading in shares of Xiaomi Corp was halted on Wednesday on the company's request pending a statement, the Chinese smartphone maker said in a filing to the Stock Exchange of Hong Kong.

Oil prices inched down on Tuesday as investors awaited direction from OPEC and its allies after the producers postponed a formal meeting to decide whether to lift output from January.

Airbnb Inc said on Tuesday it is looking to sell up to $2.6 billion in stock in its planned initial public offering, which could value the home rental firm at as much as $34.8 billion in the last blockbuster U.S. IPO of the year.

AstraZeneca said on Tuesday it would sell rights to its cholesterol drug, Crestor, to German pharmaceutical company Grünenthal GmbH for an upfront payment of $320 million.

Asian share markets opened slightly higher on Tuesday buoyed by the prospect of a COVID19 vaccine, reversing the previous day's dips as investors took profits at the end of a recordbreaking month.

Benchmark U.S. crude oil for January delivery fell 19 cents to $45.34 a barrel Monday. Brent crude oil for January delivery fell 59 cents to $47.59 a barrel.

Top oil exporter Saudi Arabia is expected to raise its official selling prices (OSPs) for Asian buyers in January, tracking stronger benchmark prices as some refiners increase output to meet higher winter demand, a Reuters survey showed.

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