Business

The S&P 500 was little changed on Tuesday following a threeday rally as a drop in Apple shares overshadowed optimism from remarks made by U.S. and China officials in pledging firm commitment to a Phase One trade deal.

American Airlines said Tuesday it will eliminate 19,000 jobs in October as it struggles with a sharp downturn in travel because of the pandemic.

Turning to production activity, Indian agriculture is undergoing a distinct transformation notwithstanding headwinds, it said.

U.S. consumer confidence fell for second straight month in August as a resurgence of virus cases in many parts of the country heightened pessimism about the economy.

Crude oil prices rose on Tuesday, supported by production cuts in the U.S. Gulf Coast as Tropical Storm Laura was forecast to become a major hurricane, while rising coronavirus cases in Asia and Europe capped gains.

Union Expenditure Secretary TV Somanathan said normal economic activity is in "abeyance&" right now and it has nothing to do with what the government has done or not done, but attributed the same to fears among people.

Asia's stock markets opened higher on Tuesday following a Wall Street rally driven by vaccine hopes, while the dollar found some support ahead of a key central bank speech.

The potential loss of his life's work has kept Vince Bernard up at night, worried about whether he would be able to save his citrus farm.

Oil prices strengthened on Monday as storms threatening the Gulf of Mexico shut more than half of the region's oil production and on expectations of progress in the development of a COVID19 treatment.

Apple cofounder Steve Jobs, who died in 2011, was a tough act to follow. But Tim Cook seems to be doing so well at it that his eventual successor may also have big shoes to fill.

Takeda Pharmaceutical Co said on Monday it has agreed to sell its Japanese consumer healthcare business to U.S. investment fund Blackstone Group.

Asian shares advanced for a second straight session on Monday, underpinned by coronavirus hopes after U.S. regulators authorised the use of blood plasma from recovered patients as a treatment option.

When the death of George Floyd forced companies to reflect on why there were so few Black people in their senior ranks, top banks and private equity firms pledged to do better.

Iraq said on Friday it would cut its oil production by another 400,000 barrels per day in both August and September to compensate for its overproduction in the past three months.

In addition to global sized banks, the chief economic adviser said India needs more banks. For instance, he said, the US which is one third of India in terms of population has 20 times more banks. More banks will enhance competition in banking and bring d...

Brazil has seized 70,000 tonnes of illegally mined manganese that four companies were preparing to ship to China from a northern port and confiscated the ore valued at 60 million reais ($10 million), the country's mining regulator said.