Business

Raw sugar futures look set to end this year near current levels but post an annual loss as the COVID19 pandemic buoys supply and dents demand, a Reuters poll of 11 traders and analysts showed on Friday.

Chevron Corp posted a quarterly net loss on Friday, as the second largest U.S. oil producer took charges of $5.2 billion due to a collapse in oil prices due to the coronavirus pandemic and as related lockdowns decimated fuel demand.

Juul Labs Inc said on Thursday it submitted an application to the U.S. Food and Drug Administration that would allow it to keep selling ecigarettes, which face heightened scrutiny over a surge in teenage vaping.

AstraZeneca has been granted protection from future product liability claims related to its COVID19 vaccine hopeful by most of the countries with which it has struck supply agreements, a senior executive told Reuters.

Yum Brands Inc said on Thursday online orders surged in the second quarter as more people ordered pizzas and tacos while under coronavirus lockdowns, driving betterthanexpected sales and profit for the restaurant operator.

Oil prices inched up on Wednesday after a steep drop in U.S. crude inventories, but another record day for coronavirus cases worldwide kept gains in check.

Boeing Co is winding down production of the 747 jumbo jet, which democratized global air travel in the 1970s but fell behind modern twinengine aircraft.

Conglomerate Thyssenkrupp must soon find a solution for its struggling steel unit and say how it will spend the 17.2 billion euros ($20.2 billion) in proceeds from the sale of its elevator division, a top20 investor said.

The Ministry of Labour and Employment issued a draft notification for increasing the benefit on Monday.

A clutch of indicators including GST collections, railway freight traffic, petrol consumption, peak power demand, electronic toll collections, among others, have all mirrored the incipient signs of recovery, it said.

The minister made the comments while talking to sovereign wealth funds, foreign pension funds and others on ease of doing business and investments in infrastructure sector in India.

Some health experts have blamed an exemption from the usual 14-day quarantine which the government granted to 'essential personnel', including cross-boundary truckers and air and sea crew.

The Monetary Policy Committee, headed by RBI Governor, is scheduled to meet for three days beginning August 4 and announce its decision on August 6..

In May, President Gotabaya Rajapaksa made an additional request to India for a special USD 1.1 billion currency swap facility.

Investors continue to prefer SIP option for investing in mutual funds, as the industry garnered over Rs 50,000 crore through this route in the first six month.

Nomura said the June quarter will be the 'nadir' from a growth perspective and the economy will contract by 15.2 per cent and the GDP will never come into the positive territory in the remaining part of the fiscal.