Business

U.S. consumers increased their spending by 1.9% last month, a dose of support for an economy struggling to emerge from the grip of a pandemic that has held back a recovery and kept roughly 27 million people jobless.

The German government is set to revise upward its economic growth forecast for this year to a decline of less than 6% from a previous estimate of 6.3%, a coalition source told Reuters on Friday.

The secretary said an investment of Rs 9,300 crore has been approved from the Rs 25,000-crore stress fund, which was set up to complete the stalled housing projects across the country.

Raised in a whitecollar Washington suburb, a product of prep schools, elite colleges and the 1% world of private equity, Jerome Powell is an unlikely candidate to tilt U.S. monetary policy toward the working class.

Stock markets struggled for direction on Friday as investors worried about a lack of detail in the U.S. Federal Reserve's policy shift while Japanese markets were roiled as Prime Minister Shinzo Abe resigned for health reasons.

Funds which buy debt companies are no longer able to repay are getting ready to deploy their large cash piles in Europe, betting the easing of widespread government economic support schemes will lead to a pickup in corporate restructurings.

The S&P 500 ticked further into record territory on Thursday after the Federal Reserve made a major overhaul to its strategy, one that could keep interest rates low for longer.

Benchmark U.S. crude oil for October delivery fell 35 cents to $43.04 a barrel Thursday. Brent crude oil for October delivery fell 55 cents to $45.09 a barrel.

Business events and economic reports scheduled for the coming week.

The World Bank said on Thursday it was pausing publication of its "Doing Business" report to probe data collection irregularities in the closely watched annual ranking of countries' business and investment climates.

Union Agriculture Minister held a detailed discussion with chief ministers and state agriculture ministers on recent agriculture market reforms and the new Central Sector Scheme of financing facility under the Agriculture Infrastructure Fund.

Delta Air Lines is facing a fresh Latin American headache as a Monday deadline nears for former Brazilian partner Gol Linhas Aereas Inteligentes to repay a $300 million loan that the U.S. carrier guaranteed.

Standing before half a dozen American flags during a press conference at his country club in Bedminster, New Jersey, President Donald Trump heralded what has become a central plank of his argument for reelection in November: his administration’s handling...

Malaysia's Sime Darby Plantation said on Thursday it was "exploring all avenues available" to ease a coronavirusdriven labour shortage, including recruiting locals, as it also turned in a sharply higher profit for the second quarter.

Oil tanker group Frontline reported a big jump in secondquarter earnings on Thursday as energy traders paid to store crude that went unsold amid the COVID19 pandemic, the company said on Thursday.