Business

Global shares held firm on Tuesday, with a solid foundation in place to extend their bull run to a 12th consecutive session as optimism about the global economic recovery and expectations of low interest rates drive investments into riskier assets.

ArcelorMittal South Africa, a subsidiary of Lakshmi Mittal's global steel empire, has bounced back from the 632-million rand losses recorded in 2019, to post profit of 37 million rand for the year 2020, despite the coronavirus outbreak. "Despite a diffic...

Stocks that traded heavily or had substantial price changes Friday:

Faced with dwindling energy revenues and costlier imports, Algeria's government is turning to farmers like Mostefa Mazouzi to help narrow its trade gap so it's lent him a hectare of land on condition he use it to grow bananas.

Bombardier Inc said on Thursday it would end production of its Learjet business aircraft in 2021 and slash about 1,600 jobs to cut costs, after reporting an adjusted loss before interest and taxes for the fourth quarter, as the COVID19 pandemic hit demand...

Saab missed fourthquarter profit forecasts hurt by weak demand in civil aviation, sending shares in the Swedish defence company sharply lower on Thursday.

U.S. tariffs and coronavirus restrictions that shut restaurants, bars and airport duty free stores in many countries wiped 13.9% off the revenues of French wine and spirits exporters last year, industry group FEVS said.

RailTel Corporation IPO will be the sixth public offering of the year 2021. The previous IPO's include Indian Railway Finance Corporation, Indigo Paints, Home First Finance Company, Stove Kraft and Brookfield India Real Estate Trust.

A surge in demand for goods like furniture and exercise equipment from lockeddown consumers has sparked a jump in shipping rates, boosting profits for Danish freight giant Maersk, the company said on Wednesday.

General Motors' net profit fell 4.5% in 2020, but a strong second half more than offset the effects of pandemicrelated factory closures and a costly air bag recall.

German online takeaway food company Delivery Hero said on Wednesday its annual revenue almost doubled, as customers stuck at home due to the COVID19 pandemic ordered in more ready meals and groceries.

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Twitter Inc on Tuesday beat Wall Street targets for quarterly sales and profit and followed its social media peers to forecast a strong start to 2021 as ad spending rebounds from a rock bottom.

Global equity indexes were flat to slightly lower on Tuesday, pausing after a run to record highs, while bitcoin climbed to another alltime peak, extending gains in the wake of an endorsement from Tesla Inc.

France's Total posted better than expected earnings in the fourth quarter as oil prices stabilised, and said it would change its name as part of a push to diversify and grow renewable power and electricity production.

General Motors Co said on Tuesday it was extending production cuts at three North American plants until at least midMarch due to the global semiconductor chip shortage, while vehicles at two other factories would only be partially built.