Business
Firm Dollar, Fading Stimulus Hopes Put Gold On Course For Weekly Loss
Gold eased on Friday and looked set to post its first weekly drop in three, as the dollar held firm while additional U.S. fiscal stimulus appeared unlikely before the presidential election.
Houston Tech Mogul Robert Brockman Charged In Record U.S. Tax Evasion Scheme
Houston technology executive Robert Brockman has been charged in the biggest tax evasion case in U.S. history after fellow billionaire Robert Smith turned against him to avoid prosecution himself, the Justice Department said on Thursday.
Asian Stocks Under Pressure, Dollar In Demand Amid Resurgent Virus Fears
Asian stocks came under pressure on Friday as investors sought safe havens, such as the U.S. dollar, fearing that a resurgence in coronavirus cases and a lack of additional U.S. fiscal stimulus would hobble the world economy.
Business Events Scheduled For The Coming Week
Business events and economic reports scheduled for the coming week.
IMF Warns Global Economy Could Be Permanently Scarred
The global economy's recovery from the pandemic recession is tentative and uneven and marked by significant uncertainty as confirmed coronavirus cases spread in many countries, international finance ministers warned Thursday.
Morgan Stanley 3Q Profit Rises 25%, Helped By Trading
Morgan Stanley said Thursday that profit rose 25% in the third quarter from last year, as the investment bank benefitted from a boost in trading revenue as well as higher investment banking fees.
Global Shares Slip On Pandemic Surge, Failing Stimulus Hopes
Global shares slipped on Thursday as investors locked in recent gains amid rising concerns about resurgent COVID19 infections and after U.S. Treasury Secretary dashed any remaining hopes of a stimulus package before the Nov. 3 election.
Allscripts, Concho Rise; Wells Fargo, Bank Of America Fall
Stocks that moved heavily or traded substantially Wednesday:
TCS to Recruit 10,000 Staff in US by 2022, Have Hired Over 21,500 Employees in the Last 5 Years
TCS' consolidated headcount stood at 4,53,540 as of September 30, 2020, with a diverse workforce comprising 147 nationalities.
Singapore GDP Shrinks 7%, More Than Forecasts
Singapore's economy contracted slightly more than expected in the third quarter from a year earlier, preliminary data showed on Wednesday.
Govt Hopes to Capture Festive Spirit with Incentive for Employees & Another Stimulus Package
Another proposal is to monetise some departments and so far, those which have been identified are in railways, defence and BSNL.
Delta Posts $5.38 Billion 3Q Loss As Pandemic Hammers Travel
The summer travel season was even worse than expected for Delta Air Lines, which lost $5.38 billion in the third quarter as people hunkered down at home during the pandemic.
Johnson & Johnson Beats 3Q Profit Views, Hikes 2020 Forecast
Johnson & Johnson boosted revenue slightly and doubled its third-quarter profit, mainly due to a $4 billion charge for litigation costs in the year-ago quarter. The health care giant handily beat Wall Street expectations and raised its financial forecast...
Gold Slips on Dollar Rebound, Investors Eye US Covid-19 Relief Package
Howie Lee, an economist at OCBC Bank said here is a rebound in the dollar index. In the absence of further dollar downside, gold bulls are feeling a little jittery at the moment.
Asian Shares Defy Wall Street Gains As China Rally Cools
Asian shares slipped on Tuesday, brushing off a firmer Wall Street lead as China's postholiday rally cooled, although a buoyant tech sector and fresh optimism about U.S. stimulus are expected to continue to support sentiment.
Exim Bank Extends $400 Million Line of Credit to the Maldives
The LoC was signed between Exim Bank General Manager Nirmit Ved and the Maldives Finance Minister Ibrahim Ameer.
