Business
Record U.S. Third-quarter Growth Assured As Goods Trade Deficit Falls, Inventories Rise
The United States' trade deficit in goods narrowed sharply in September and inventories at retailers surged, sealing expectations for record economic growth in the third quarter after the worst performance in at least 73 years.
SBI Inks Agreement with Japan Bank for $1 Billion Loan
The loan is intended to promote smooth flow of funds for the whole range of business operations of Japanese automobile manufacturers in India, the release said.
15th Finance Commission on Course to Finalise Report by End of This Month
The 15th Finance Commission is mandated to make their final report for 2021-26 available by October 30, 2020. The Commission remains on course to complete their task, it added.
U.S. Pharmacies Attract New Flu Shot Customers As Coronavirus Surges
Walmart Inc, Walgreens Boots Alliance Inc, CVS Health Corp and Rite Aid Corp have told Reuters demand for flu shots at their U.S. pharmacies is up sharply in some cases double from last year as people try to protect themselves from influenza in the mids...
Nivea-maker Beiersdorf Says Business Improved Significantly
German consumer goods firm Beiersdorf, bestknown for its Nivea skin cream, said on Wednesday its business significantly improved in the third quarter after the coronavirus pandemic caused a revenue drop in the first half.
China Eyes Launch Of National Emissions Trade Scheme Within Five Years
China is targeting the launch of a nationwide emissions trading scheme during the period from 2021 to 2025, its top climate official said on Wednesday, signalling another delay for the longawaited carbon trading platform.
U.S. Group Urges Biden To Use Financial Regulation To Control Climate Change
A climate advocacy group comprised of highprofile backers of Democratic presidential candidate Joe Biden on Tuesday urged the former vice president to consider using U.S. financial regulation as a tool to fight global warming if he is elected.
Big Tech Earnings Approach Under Antitrust Cloud
Apple, Alphabet, Amazon and Facebook, together accounting for about a fifth of the S&P 500's total value, report their quarterly results on Thursday, with their stocks trading near record highs, even as they face increasing antitrust scrutiny.
Consumer Companies Pitch Discounts, Bargain Products As Economic Malaise Looms
Unilever, Procter & Gamble and other major consumer goods manufacturers are touting lowerpriced brands, smaller packages and discounts to woo pennypinching shoppers struggling through the most severe global recession since the Great Depression of the 1930...
Capgemini Posts Better-than-expected Third-quarter Sales Growth
French consulting and IT services provider Capgemini on Tuesday posted an 18.4% increase in third quarter revenues at constant exchange rates, helped by strong bookings and growth in its digital and cloud offerings.
Here, There, Everywhere: Pederson Does It All For Dodgers
Joc Pederson is the guy the Los Angeles Dodgers didnt need or want until October.
Facebook Demands Academics Disable Ad-targeting Data Tool
Academics, journalists and First Amendment lawyers are rallying behind New York University researchers in a showdown with Facebook over its demand that they halt the collection of data showing who is being microtargeted by political ads on the worlds domi...
Italy Approves New Stimulus Package To Help Virus-hit Economy
Italy has approved a new stimulus package in its 2021 budget to foster an economic rebound from the recession caused by the coronavirus crisis, a government statement said on Sunday after a latenight cabinet meeting.
U.S. Retail Sales Blow Expectations In September; Dark Clouds Gathering
U.S. retail sales accelerated in September, rounding out a strong quarter of economic activity, but the recovery from the COVID19 recession is at a crossroads as government money runs out and companies continue to layoff workers.
L&T Hyderabad Metro Rail Suffers Rs 916 Crore Loss During First Six Months of Fiscal Amid Lockdown
Metro rail services in the city were suspended in March last week as part of lockdown to contain the spread of coronavirus. The Centre as part of Unlock-4 allowed the services from September 7.
Coal India Ltd Announces Rs 1,700 Crore Performance-linked Reward to Employees
The payment would be made before October 22, it added. "The total estimated financial implication is a little over Rs 1,700 crore on account of the PLR," it said.