Business

Bitcoin slumped 10% on Thursday to a 10day low, retreating further from record highs, with traders citing fears of tighter U.S. regulation.

Top gainers in the BSE pack included Bajaj Auto, Bajaj Finance, Bajaj Finserv, HCL Tech, Reliance Industries and Asian Paints with their shares rising as much as 1.43 per cent.

Oil slipped on Thursday after industry data showed a surprise build in U.S. crude inventories that reignited pandemicled demand concerns, but stimulus hopes in the United States limited the downturn in prices.

Gold rose more than 1% on Wednesday ahead of U.S. Presidentelect Joe Biden's inauguration, extending gains after his nominee to head the Treasury Department, Janet Yellen, bolstered bets for another pandemicrelated stimulus package.

Melanie Igbe's restaurant hosted 50 people a day when it opened in Nigeria's megacity Lagos a year ago. Fear of coronavirus has driven most diners away, but Igbe believes inflation rather than the pandemic may kill her business.

HSBC plans to cut up to 340 manager jobs as part of a shakeup of its branch network in Britain, a source familiar with the matter told Reuters.

Oil rose above $56 a barrel on Wednesday, supported by expectations the new U.S. administration will deliver massive stimulus spending that would lift demand, as well as by OPEC curbs and forecasts of a drop in U.S. crude inventories.

The price of gold in the international market increased by 0.51 percent to USD 1,849.00 per ounce on Wednesday.

Asian shares climbed to a record high on Wednesday as U.S. Treasury Secretary nominee Janet Yellen advocated for a hefty fiscal relief package to help the world's largest economy ride out a pandemicdriven slump.

The U.S. government's highway safety agency has rejected a request from Ford and Mazda to avoid recalling about 3 million vehicles with potentially dangerous Takata air bag inflators.

Goldman Sachs Group Inc dwarfed Wall Street estimates as its fourthquarter profit more than doubled, powered by another blowout performance at its trading business and a surge in fees from underwriting a string of blockbuster IPOs.

Setting money goals in 2020 was likely an exercise in futility. Maybe youd been saving for a trip abroad, but the pandemic kept you at home. Or you wanted to save up for a down payment on a house, then the recession left you out of a job.

The 30-share BSE index ended 834.02 points or 1.72 per cent higher at 49,398.29.

Global shares climbed and the dollar eased on Tuesday ahead of Janet Yellen's Treasury Secretary confirmation speech, in which she is expected to bolster the case for heavy fiscal stimulus in the world's largest economy.

Gold prices steadied after dropping to their lowest in 11/2 months on Monday, as prospects of a massive U.S. coronavirus relief aid outweighed a stronger dollar and lifted bullion's appeal as an inflation hedge.

Shares fell Monday across most of Asia following a retreat on Wall Street, but benchmarks in Hong Kong and Shanghai rose after data showed the Chinese economy grew a solid 2.3% in 2020.