Business

Federal Reserve officials on Wednesday doubled down on efforts to convince investors they will keep monetary policy easy for years to allow unemployment to fall, emphasizing that interest rates will stay near zero until inflation gets to 2% and stays ther...

Shares dipped and the dollar ticked up near twomonth highs on Wednesday as data reaffirmed lingering concerns that new restrictions to counter coronavirus infections will hurt the economic recovery.

Zhejiang Geely Holding Group launched its first electric vehiclefocused platform on Wednesday, aimed at rolling out a variety of models more efficiently for both the Chinese automaker and its partners.

The S&P 500 and the Nasdaq retreated on Wednesday as data showed domestic business activity nudged down in September, while a record high for Nike following a strong quarterly earnings report boosted the bluechip Dow.

The S&P 500 and the Dow were set for a higher open on Wednesday ahead of data that would throw light on the pace of an economic recovery from a coronavirusdriven recession, while Nike was set for a record open after a stunning quarterly earnings report.

An earlier issue to raise Rs 700-800 crore was deferred due to low demand for shipbuilding stock.

In Delhi and Mumbai, 22-carat gold costs Rs 49,500 and Rs 49,630, while 24-carat gold comes at a price of Rs 54,000 and Rs 50,630. The price of 22-carat gold in Chennai stands at Rs 48,800, while 24-carat gold costs Rs 53,230.

New Zealand's central bank held its official cash rate at a record low on Wednesday but hinted at further easing and warned the economy may need support for a long time as the world grapples with the coronavirus pandemic.

This is the second big investment in Reliance Retail in a span of two weeks, after private equity giant Silver Lake Partners said that it will invest Rs 7,500 crore in the RIL unit.

The Nicolas Madurobacked Venezuelan central bank launched a landmark appeal in London on Tuesday over $1 billion (£785.21 billion) of gold reserves held in the Bank of England's underground vaults.

The U.S. dollar held onto gains against major currencies on Wednesday, supported by positive U.S. economic data and concerns about a second wave of coronavirus infections in Europe and Britain.

Industrial conglomerate 3M Co is working with advisers on the sale of its food safety business, Bloomberg News reported https://www.bloomberg.com/news/articles/20200922/3msaidtoexplore35billionsaleoffoodsafetydivision?srnd=premium on Tuesday, citing peop...

British Prime Minister Boris Johnson on Tuesday moved a step closer to getting parliamentary approval for new powers to break the Withdrawal Agreement struck with the European Union last year as lawmakers backed changes to the Internal Market Bill .

The biggest falls in output will be in the developed world, with some likely to register a double-digit decline, the UN report said.

Deutsche Bank's finance chief said on Tuesday that the German lender was working hard to prepare for an expected wave of mergers and acquisitions in the banking sector.

Hong Konglisted semiconductor equipment manufacturer ASM Pacific Technology Ltd is in talks with potential investors to help take it private, people with direct knowledge of the matter told Reuters.