Business

A full bounceback from the euro zone's deepest recession on record will take two years or more, according to a Reuters poll of economists who also said there is a high risk the job recovery underway reverses by the end of 2020.

Global shares slipped Thursday after sobriety set in on Wall Street, and the U.S. Federal Reserve minutes laid out challenges for the economy amid the coronavirus pandemic.

U.S. President Donald Trump on Wednesday called for a boycott of Goodyear Tire & Rubber Co, accusing the Ohiobased company of "playing politics" by forbidding workers from donning the "Make America Great Again" caps favored by his supporters.

Shortterm home rental company Airbnb Inc on Wednesday confidentially filed for an initial public offering with the U.S. Securities and Exchange Commission, setting the stage for one of the marquee stock market debuts of the year.

The CoC told the top court that RCom is not seeking to run away from Adjusted Gross Revenue (AGR) related dues by hiding itself behind Insolvency and Bankruptcy Code (IBC) but the telecom company owes over Rs 42,000 crore to the banks.

Target Corp on Wednesday reported its best quarterly comparable sales growth and online revenue that nearly tripled as shoppers lapped up videogames, kitchenware and clothes during the pandemic using the retailer's sameday delivery services.

Berlin travelbooking app Omio said on Wednesday it had raised $100 million in backing to expand its business and make acquisitions as the industry recovers from the blow dealt by the COVID19 pandemic.

Regeneron and Roche are teaming up on an investigational antibody cocktail against COVID19, with the U.S. company to sell it in the United States and the Swiss drugmaker to sell it elsewhere, should the drug win approval.

SBI was the top gainer in the Sensex pack, rising around 2 per cent, followed by L&T, M&M, ICICI Bank, Sun Pharma, Axis Bank, ITC and Bajaj Auto. On the other.

Japan's exports extended their doubledigit slump into a fifth month in July as the coronavirus pandemic took a heavy toll on auto shipments to the United States, dashing hopes for a tradeled recovery from the deep recession.

Global equities rose on Tuesday as strong corporate results and accelerating U.S. homebuilding lifted the S&P 500 past highs set before the coronavirus crushed world economies, in a stimulusfueled rally that has also pushed the dollar to twoyear lows.

In a rare move, the Reserve Bank had superseded the board of the capital-starved lender and placed it under a moratorium.

The S&P 500 hit a record high on Tuesday, thanks largely to months of outperformance from Amazon and other heavyweight technology companies viewed by investors as likely to emerge from the coronavirus crisis stronger than smaller rivals.

Musk has gone past French luxury tycoon Bernard Arnault, the chairman of LVMH Moët Hennessy and the richest non-American on the Bloomberg Billionaires Index.

More than 360 billion euros ($425 billion) of loans at Europe's biggest banks have been subject to payment breaks or other coronavirus relief measures but the big question is whether borrowers will be able to resume payments when support ends.

Delta Air Lines Inc said on Tuesday it has partnered with CVS Health Corp to use its rapidresponse nasalswab test to detect the novel coronavirus among its flight crew.