Business

Saudi Arabia's crude oil exports rose for a fifth consecutive month to a sevenmonth peak of 6.35 million barrels per day (bpd) in November 2020, official data showed on Wednesday.

Merck KGaA's drug development programme has suffered a setback with the most important clinical trial of its cancer drug hopeful bintrafusp alfa stopped because the treatment does not appear to work.

Italy is considering legal action against Pfizer Inc after the U.S. drugmaker announced a further cut in coronavirus vaccine deliveries, the country's COVID19 special commissioner Domenico Arcuri said.

U.S. stock futures neared record highs on Wednesday, as Joe Biden prepared to take charge as U.S. President at his inauguration, while Netflix soared after saying it will no longer need to borrow billions of dollars to finance its TV shows and movies.

Bank of America Corp posted a drop in fourthquarter profit on Tuesday that still topped Wall Street expectations and pointed to signs of an economic recovery as the pace of consumer spending gathers steam.

Cisco Systems Inc's purchase of Acacia Communications Inc has been approved by China's antitrust regulator on condition that the companies ensure fair competition, the watchdog said on Tuesday.

The Standing Committee of the cash-strapped East Delhi Municipal Corporation on Monday rejected the three new taxes, including a professional tax and a betterment tax, proposed in its annual budget to augment its revenue. Additional Commissioner Alka R...

A government circular confirming that the interest rates on small savings schemes will remain unchanged until the end of the financial year 2020-21, was released on December 31.

British finance minister Rishi Sunak has proposed giving a oneoff 500 pound ($679) grant to recipients of the country's main unemployment and wage support benefit instead of extending a temporary increase on the welfare payments, The Times reported on Sat...

A blistering rally in the shares of regional banks may be tested when a spate of lenders report results in the coming week.

Stocks that moved heavily or traded substantially Friday:

Stock and oil prices fell on Friday, pressured by intensifying lockdowns and weak U.S. retail sales data, while the dollar was on track to post its strongest week in over two months.

Piramal’s bid for DHFL stood at Rs 37,250 crore as against American asset management company Oaktree’s Rs 38,400 crore, but the Piramal Group’s offer had higher upfront cash payment, which is likely to have appealed to the creditors

Wall Street's main indexes were set to slip on Friday as incoming President Joe Biden's $1.9 trillion stimulus plan sparked fears of an increase in taxes, while investors parsed quarterly reports from major U.S. lenders.

Retail sales fell for a third straight month as a surge in virus cases kept people away from stores during the holiday shopping season.

Gold prices held steady on Friday, trapped between pressure from a firm dollar and high Treasury yields and support from coronavirus lockdowns in Europe and dovish policy noises from the U.S. Federal Reserve.