Business
Hyundai, Kia Fined For Delaying US Engine Failure Recalls
Hyundai and Kia must pay $137 million in fines and safety improvements because they moved too slowly to recall over 1 million vehicles with engines that can fail.
Swiss Drugmaker Vifor Had Bid Interest But Talks Halted - Sources
Swiss drugmaker Vifor Pharma had a recent takeover approach from at least one private equity firm, but talks were halted due to differences over price, two sources familiar with the situation said.
Exclusive: VW CEO Pushes For Contract Extension In Vote Of Confidence Move - Sources
Volkswagen Chief Executive Herbert Diess has asked the families who control a majority voting stake to back a contract extension in a bid to break a deadlock at the world's largest carmaker, two people familiar with the matter said.
Amid Pandemic, Earlier-than-ever Online Promotions, Black Friday Takes A New Shape
From Walmart Inc to Best Buy, retailers have overhauled Black Friday shopping, with some assigning clerks in orange vests to serve as traffic cops, taking shoppers' temperatures and offering "grabandgo" merchandise, including toys, bikes and kitchen appli...
Gold On Track For Weekly Fall As Investors Overlook Vaccine Doubts
Gold eased on Friday en route to a third straight weekly drop as investors weighed doubts over a leading COVID19 vaccine candidate against optimism that vaccines will arrive sooner than expected.
NSE Declares Anugrah Stock and Broking as Defaulter, Expels Membership
The move comes a few days after the National Stock Exchange of India (NSE) scrapped the membership of Karvy Stock Broking and declared it a defaulter.
Black Friday Offers Beacon Of Hope To Struggling Stores
After months of slumping sales and businesses toppling into bankruptcy, Black Friday is offering a small beacon of hope.
Norway Wealth Fund Chief Has COVID-19, Central Bank Governor Quarantined
The chief executive of Norway's $1.2 trillion sovereign wealth fund has been diagnosed with COVID19, he said on Thursday, forcing colleagues including the central bank governor into quarantine.
French Watchdog Fines Carrefour 3 Million Euros For Privacy Rule Breaches
French watchdog CNIL has fined two of Carrefour's subsidiaries a total of 3.05 million euros ($3.63 million) for breaching European Union data privacy rules, it said on Thursday.
Britain Says Brexit Trade Deal Can Be Reached, But Not At Any Cost
Britain and the European Union can clinch a Brexit trade deal and the shape of one is clear, but London will not sign up to an accord at any cost, Britain's finance minister said on Thursday.
Oil Extends Gains On Surprise U.S. Inventory Draw Amid Vaccine Rally
U.S. oil rose for a fifth day on Thursday as a surprise drop in crude inventories extended a rally driven by hopes that vaccines would end the coronavirus pandemic and revive fuel demand.
HP, Nordstrom Rise; Gap, JPMorgan Chase Fall
Stocks that moved heavily or traded substantially Wednesday:
Slowing U.S. Labour Market, Rising COVID-19 Cases Cast Cloud Over Economic Recovery
The number of Americans filing firsttime claims for jobless benefits increased further last week, suggesting that an explosion in new COVID19 infections and business restrictions were boosting layoffs and undermining the labor market recovery.
Graphic: Have Coronavirus Vaccines Killed The Gold Rally?
Gold has tumbled from record highs as investors, eyeing an end to the coronavirus pandemic, move money to riskier assets.
Bank Credit Growth Slows to 5.8 per cent in September Quarter, Says RBI Data
The deceleration in bank credit growth was seen across all the population groups rural (11.2 per cent vs 14.8 per cent), semi-urban (9.4 per cent vs 12.3 per cent), urban (8.7 per cent vs 9.9 per cent) and metropolitan (3.6 per cent vs 7.2 per cent), the...
Kerala, West Bengal Accept Centre's Borrowing Option to Meet GST Shortfall
The Centre has already borrowed Rs 24,000 crore on behalf of the states in four instalments and passed it on to 23 states and 3 Union Territories on October 23, November 2, November 9 and November 23.