Business

A gauge of world stock markets dropped and the U.S. dollar slipped on Tuesday as investors grappled with a surge in coronavirus cases and uncertainty over the impending U.S. presidential election.

Microsoft reported quarterly earnings Tuesday that beat Wall Street expectations, as it continued to weather the coronavirus pandemic amid increased demand for its flagship software and services.

German chemicals maker Covestro reported forecastbeating thirdquarter profits on Tuesday, citing cost cuts and a recovery from a pandemicinduced slump driven by strength in its AsiaPacific and furniture component units.

Gold prices rose on Tuesday, helped by a weaker dollar and worries over a second surge in coronavirus cases, while investors held back from making large bets ahead of next week's U.S. presidential election.

Pfizer said there had not yet been enough infections in the 44,000-volunteer trial to trigger an analysis of whether or not the vaccine works. An independent panel will conduct the first analysis when it reaches 32 infections.

In September, shareholders of the cash-strapped private sector lender had voted out seven board members, including MD & CEO S Sundar, at the annual general meeting.

Many Brazilian investors dazzled by iron ore miner Vale SA's resilient cash flow were ready to forgive the company within months of a deadly dam disaster in 2019, piling back into its shares after an initial selloff.

HSBC Holdings PLC said on Tuesday it plans to accelerate its restructuring plan, slashing costs further than previously suggested, flipping its model from generating income mainly from interest rates to feebased business, and shrinking in size.

South Korea's economy returned to growth in the third quarter, recovering from its sharpest contraction in more than a decade, as the government pushed through stimulus measures and major trading partners eased coronavirus restrictions.

The lawsuit was filed by Marla Crawford, a former associate general counsel at the bank, against Goldman Sachs, the bank’s General Counsel Karen Seymour and its Global Head of Litigation, Darrell Cafasso.

In a statement, the Central Board of Indirect Taxes and Customs (CBIC) said the government has been receiving a number of representations regarding need to extend due date for filing Annual Return (Form GSTR-9) and Reconciliation Statement (Form GSTR-9C)...

Japan's finance minister on Friday brushed aside some ruling party lawmakers' calls for a big extra stimulus budget, saying the situation was different from earlier this year when massive fiscal support was needed amid a state of emergency.

Japan's government needs to compile a third extra budget for the current fiscal year ending March to shore up an economy hammered by the COVID19 pandemic, economists said in a Reuters poll.

The S&P 500 ended lower on Thursday after a rise in weekly jobless claims compounded worries about a stalling economic recovery and fading hopes for more fiscal aid before the election.

To operationalise the special window to states for meeting the GST compensation cess shortfall of Rs 1,10,000 crore, the GoI borrowing calendar is being modified in consultation with RBI, an official statement said.

State-owned IOC, Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) together with Saudi Aramco and Adnoc plan to set up a 60 million tonnes refinery-cum-petrochemical complex on Maharashtra coast.