Business

Investors raised their bets on higher U.S. inflation after Federal Reserve Chair Jerome Powell introduced a new strategy to allow the rate to rise above the 2% target, but market players still saw inflation remaining stubbornly below that level.

Central banks must explain their actions clearly to the people they serve to preserve public confidence amid a flood of misinformation during the coronavirus crisis, the head of the Bank of Canada said on Thursday.

Private equity firm L Catterton is preparing an initial public offering (IPO) of Leslie's Poolmart Inc that could value the retailer of swimming pool supplies at more than $3 billion, according to people familiar with the matter.

The number of Americans filing new claims for unemployment benefits hovered around 1 million last week, suggesting the labor market recovery was stalling as the COVID19 pandemic drags on and financial aid from the government dries up.

The S&P 500 and the Nasdaq rose to record highs on Thursday as the Federal Reserve sought to achieve inflation averaging 2% over time in an attempt to lift the U.S. economy out of a deep pandemicdriven recession.

The tunnel will be opened by Prime Minister Narendra Modi by mid-September, Satish Paretkar, Director of Hydro & Underground business unit at Afcons said.

PM Narendra Modi said import embargo on a number of defence equipment is not only aimed at curbing imports but also giving a boost to the domestic industry, adding more items will be added to this list later.

The European Commission said on Thursday it had signed a contract on behalf of EU states with British drugmaker AstraZeneca for the supply of at least 300 million doses of its COVID19 vaccine candidate.

Asian stocks will likely climb on Thursday after the S&P 500 and Nasdaq rallied to fresh records on upbeat corporate results, while the dollar eased a day before the U.S. Federal Reserve possibly sets a new course on inflation.

So after the coronavirus threat has passed, you head downtown for a baseball game.

Shares of Roku Inc surged over 11% on Wednesday after Citi initiated coverage of the streaming video company with a "buy" rating, while Netflix Inc also rallied more than 11% and was on track for its largest oneday gain in three years.

U.S. crude oil stockpiles fell last week as exports soared the most in 18 months and refineries boosted production to the highest rate since March before the worst of the demand hit from the coronavirus pandemic, data from the Energy Information Administr...

After a nearly twoyear review, U.S. Federal Reserve officials feel they've hit on a better way to meet their key goals of steady inflation and maximum employment.

An internal investigation by McDonalds of potential misconduct has extended beyond its former CEO who was forced out late last year.

The GST Council, comprising centre and state finance ministers, had decided in March that interest for delay in payment of GST will be charged on net tax liability with effect from July 1, 2017.

The RBI had earlier allowed for loan recasts to happen on a case to case basis across all sections of borrowers impacted by the COVID-19 pandemic and constituted a committee to look into cases of over Rs 1,500 crore of exposure to determine if they can be...