Business

Federal Reserve policymakers on Friday began fleshing out what their new tolerance for inflation will mean in practice, an issue critical to how investors and households reshape their own outlooks even if it may not be relevant to any immediate decisions...

Asian stocks inched up on Friday but lingering disappointment that central banks merely affirmed their monetary support this week, while not promising new stimulus, kept a lid on gains.

Spain's Caixabank valued stateowned Bankia at 4.3 billion euros ($5.10 billion) as part of an allin share deal that will create Spain's biggest domestic bank with more than 664 billion euros in total assets.

Wall Street's main indexes fell on Thursday after data showed high levels of weekly jobless claims, while technologyrelated stocks resumed their slide with Apple Inc and Amazon.com Inc among the biggest drags on the Nasdaq.

The schemes have received Rs 698 crore during September 1-15.

The dollar stirred and equities recoiled on Thursday after a divided U.S. Federal Reserve dented stimulus hopes, TikTok's tugofwar clobbered tech stocks and dire European car sales underscored coronavirus troubles.

Global stocks and U.S. futures sank Thursday after the Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans.

Kadi is located close to 50 kilometers from Gujarat's capital Ahmedabad, with a population of close to 80,000 people. In 2016, Amazon had launched its first all-women delivery station in India, with its partner in Chennai, Tamil Nadu, a statement added.

Stocks fell and the dollar advanced on Thursday after the Federal Reserve pledged to keep interest rates low for a long time but stopped short of offering further on stimulus to shore up a battered U.S. economy.

Benchmark U.S. crude oil for October delivery rose $1.88 to $40.16 a barrel Wednesday. Brent crude oil for November delivery rose $1.69 to $42.22 a barrel.

U.S. consumer spending slowed in August, with a key retail sales gauge unexpectedly declining, as extended unemployment benefits were cut for millions of Americans, offering more evidence that the economic recovery from the COVID19 recession was faltering...

The blue-chip NSE Nifty 50 index closed 0.72% higher at 11,604.55, while the benchmark S&P BSE Sensex climbed 0.66% to 39,302.85, both marking their highest close since Aug. 28.

Oil refiners are permanently closing processing plants in Asia and North America and facilities in Europe could be next because of the uncertain prospects for a recovery in fuel demand after the coronavirus pandemic cut consumption.

World markets were mixed ahead of the Federal Reserves policy announcement on Wednesday while U.S. futures edged higher.

Gold prices inched up on Wednesday on a weaker dollar, with investors awaiting the outcome of the Federal Reserve's policy meeting for details of the U.S. central bank's plans to balance interest rates against its inflation target.

Oil prices rose for a second day on Wednesday as a hurricane closed U.S. offshore oil and gas production and an industry report showed a decrease in U.S. crude inventories.