Business

U.S. job openings increased less than expected in September while hiring fell, suggesting the labor market recovery was petering out even before a resurgence in new COVID19 cases which is expected to slow momentum.

The Bank of Japan (BOJ) on Tuesday unveiled a scheme aimed at incentivising regional lenders to consolidate and help revitalise regional economies, a move which echoes growing concern over the health of the country's banking system.

British employers made a record number of staff redundant in the third quarter and the jobless rate jumped, according to official data that show the labour market declined rapidly before finance minister Rishi Sunak made a Uturn on COVID support measures.

The CEO of Alaska Airlines parent is stepping down next year and will be replaced by the companys president.

Gold slumped more than 4% on Monday as news of the first successful latestage COVID19 vaccine trials prompted investors to dump safehaven bullion and flock to riskier assets instead.

BioNTech's cofounder and chief executive said he was optimistic that the protective effect of its experimental COVID19 vaccine, codeveloped with Pfizer, would last for at least a year.

Oil jumped on Monday by almost 10%, the highest daily rise in almost 6 month, after Pfizer said its COVID19 vaccine was very effective, and Saudi Arabia said an OPEC+ deal on output cuts could be adjusted to offset rising supply and weak demand.

He said the core sectors of the economy, such as steel and cement, have been doing well throughout the period starting from April 2020, and they are in a position to tap the export markets. However, the travel, tourism and hospitality are the worst-hit se...

The World Trade Organization has cancelled a meeting on Nov. 9 to decide on the appointment of Nigeria's Ngozi OkonjoIweala as the body's next director general after the United States rejected her as a candidate.

Global stock markets edged higher and the dollar sank to a twomonth low on Friday as investors awaited final vote processing in the U.S. presidential election that more and more showed Joe Biden on the verge of winning the White House.

ViacomCBS Inc on Friday raised its annual paid subscriber forecast for its streaming services, after nearly hitting its previous target a full quarter ahead of time on strong demand for indoor entertainment during the pandemic.

U.S. employers likely hired the fewest workers in five months in October, in what would be clearest indication yet that the end of fiscal stimulus and exploding new COVID19 infections were sapping momentum from the economic recovery.

The number of Americans filing new claims for unemployment benefits fell only slightly last week, adding to signs that the economic recovery was losing steam as the COVID19 pandemic intensifies and fiscal stimulus ends.

The Philadelphia SE semiconductor index surged 4.1% to hit its own all-time high, while technology and communication services led gainers among S&P indexes.

General Motors Co posted a strongerthanexpected quarterly profit on Thursday, driven by renewed demand for trucks and SUVs in the United States and China sales, sending its shares higher in premarket trading.

Germany's Commerzbank on Thursday said it swung to a thirdquarter loss, as the lender undergoes a restructuring and deals with fallout from the coronavirus crisis.