Business

Futures tracking the S&P 500 and the Dow rose on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID19 vaccine trial, raising hopes of a quicker economic recovery from a pandemicled recession.

PNC Financial Services Group is reportedly discussing a purchase of the U.S. subsidiary of Spains BBVA in a deal that could be valued at more than $10 billion.

Germany expects to pay out 22 billion euros ($26 billion) in COVID19 relief aid from January through June 2021 to companies and selfemployed people, people close to the matter said, as the impact of the pandemic extends into next year.

Gold rose on Friday as increasing coronavirus infections globally reignited concerns about the economic toll from the pandemic, while scepticism over the reach of a potential COVID19 vaccine further boosted the safehaven metal.

DoorDash Inc, the U.S. food delivery startup backed by SoftBank Group Corp, on Friday made public its regulatory filing for a listing on the New York Stock Exchange, setting the stage for a blockbuster market debut before the end of the year.

Britain and the European Union will resume trade talks in Brussels on Monday after so far failing to close gaps between their positions on two of the thorniest issues that have long dogged the negotiations: competition rules and fishing.

The prospect of an effective vaccine against COVID19 is a source of relief but the euro zone is still set to suffer from new curbs on economic activity to combat a rise in infections, two European Central Bank policymakers said on Friday.

The U.S. is starting the 2021 budget year the way the old year ended, with soaring deficits.

Gold rose 1% on Thursday on market skepticism over the logistics of a potential COVID19 vaccine rollout as cases continued to surge in the United States, while hopes of more fiscal and monetary stimulus offered support to the safehaven metal.

A lawsuit launched by the Nigerian government against U.S. bank JP Morgan Chase, claiming over $1.7 billion for its role in a disputed 2011 oilfield deal, will proceed to trial, London's high court ruled on Thursday.

The World Health Organization (WHO) is in discussions with the Russian institute that developed the Sputnik V candidate vaccine against COVID19 over its potential application for emergency use listing, the U.N. agency said on Thursday.

THIS IS A BREAKING NEWS UPDATE: APs earlier story appears below.

Gold rose on Thursday as market optimism over a potential COVID19 vaccine gave way to concerns over the logistics of its eventual rollout, though prices were underpinned by expectations of further monetary stimulus.

Benchmark U.S. crude oil for December delivery rose 9 cents to $41.45 a barrel Wednesday. Brent crude oil for January delivery rose 19 cents to $43.80 a barrel.

U.S. stock investors have expressed concerns that President Donald Trump's effort to contest the U.S. election without evidence could roil markets temporarily, but few appeared seriously worried that challenges to the results will succeed.

In September, the lender had forecast India's GDP growth for calendar year 2021 at 9.9 per cent and financial year 2021-22 at 15.7 per cent.