Finance

by | December 07, 2020 | 18:44

Serum Institute of India (SII) has applied for emergency use authorization of the first Made in India Covid-19 vaccine, Covishield. Pfizer has signalled its desire to introduce its Covid-19 vaccine in India but asserted that the product would be available only through the government under its global policy to refrain from private sales during the current pandemic phase.

by | December 07, 2020 | 18:26

Lunchtime seems a long way away now, given the intensity of these discussions, but that's where we are, and anyone who is briefing that there are breakthroughs in either of these two big areas ... Earlier yesterday, environment secretary George Eustice warned the next few days were crucial and that failure to agree a trade deal - triggering a no-deal Brexit on January 1 - could see prices rise by up to two per cent.

by | December 07, 2020 | 17:37

The reading is the latest spot of good news out of the world's number two economy, which has been enjoying a bounceback from virus-induced lockdowns that sent it into a rare contraction earlier in the year. Zhuang Rui, Party secretary of the Beijing University of International Business and Economics, said the accelerated growth of foreign trade was a sign of the strong resilience of China's economy.

by | December 07, 2020 | 09:21

Petrol now costs Rs 90.05 and diesel Rs 80.23 per litre. This is the highest rate for petrol and diesel since September 2018 and rates have risen for the 13th time since November 20. "The repeated and unjust increase in the prices as also the Central Excise Duty on Petrol and Diesel has inflicted insurmountable pain and suffering on the people of India..." "Everyone is reeling under acute financial strain, and the diesel price hike will result in further inflation with an increase in prices of ...

by | December 07, 2020 | 02:53

With the U.K.'s post-Brexit transition period due to conclude, the discussions are clearly at a crunch point, not least because of the necessary approvals required on both sides after negotiators reach a deal. Both sides have told their chief negotiators to meet in Brussels on Sunday. "Namely, the level field, which is proving particularly hard, fisheries and of course the dispute resolution mechanism to deal with the level playing field issue".

by | December 06, 2020 | 15:38

According to a report by BBC , search engine Google has extended its work from home flexibility for seven more months till the end of this year. Facebook employees have been working from home since March. "Today, we announced anyone who can do their work remotely can choose to do so through the end of the year", the company said in a statement. A few days ago, Sundar Pichai had e-mailed Google employees in which he said that it would be shocking for the employees to come to office ...

by | December 06, 2020 | 02:59

Growing prospects for a USA coronavirus relief package after a grim employment report helped boost demand for riskier assets, taking the dollar to a 2-1/2-year low and pushing oil prices to their highest since March when widespread lockdowns aimed at curtailing the pandemic took effect.

by | December 05, 2020 | 16:53

Bharatiya Kisan Union leader Rakesh Tikait said the farmers are hoping that the government will meet their demands during the fifth round of talks. Thousands of protesters have blocked Delhi borders at five points connecting it to Chandigarh, Haryana and Uttar Pradesh, crippling supply chains to the national capital.

by | December 05, 2020 | 06:42

The talks soured on Thursday when a British government source said the European Union had disrupted talks by trying to force further concessions and France, which fears losing many of its rights to fish in British waters, warned it might rebel.

by | December 05, 2020 | 01:29

There are now 76 countries, territories, or regions on England's travel corridor list . England announced new quarantine exemptions for "high-value" business travellers, performing arts professionals, journalists and certain others, meaning that if they meet certain conditions they will not have to self-isolate on arrival in the country.

by | December 04, 2020 | 17:26

West Texas Intermediate rose 76 cents, or 1.6%, to stand at $46.40 a barrel, having risen almost 1% in the previous session. The increase means the Organization of the Petroleum Exporting Countries ( OPEC ) and Russian Federation, a group known as OPEC+, would move to cutting production by 7.2 million bpd, or 7 percent of global demand from January, compared with current cuts of 7.7 million bpd.

by | December 04, 2020 | 16:14

Samet, who oversees the team that does the state modeling , said there's also another scenario, one in which Coloradans get better at limiting the spread of the virus , like mask-wearing, social distancing and avoiding crowds and greatly reduce the total number of deaths to an estimated 5,194 people.

by | December 04, 2020 | 13:12

The order, issued on Wednesday, comes after certain incidents of outages in the Internet banking / mobile banking / payment utilities of the bank over the past two years, the latest of which occurred on November 21 due to a power failure in the primary data centre, HDFC Bank said .

by | December 04, 2020 | 08:40

The central bank has been dealing with the challenges of striking a balance between the increased and continuous requirement of high liquidity, and taming retail inflation . The central bank has projected the GDP growth for Q3 at +0.1 per cent and +0.7 per cent for Q4. In today's announcement, markets will most likely look at what the MPC has to say on its earlier resolve to keep the "accommodative" stance "at least during the current financial year and into next financial year".

by | December 04, 2020 | 05:00

Ms Tobar, a former media director for Senate Minority Leader Chuck Schumer, will serve as deputy communications director. She also served as the spokesperson for the State Department under former Secretary of State John Kerry and as deputy White House communications director, the transition team says.

by | December 04, 2020 | 04:38

However, it still held well-above the 50-mark separating the growth from contraction for a second consecutive month. ISM services PMI also signaled that the USA overall economic activity grew in November, as a reading above 48.5 over time generally indicates an expansion of the overall economy.

by | December 03, 2020 | 23:55

Lange said that he was less optimistic a deal could be reached now than previously, arguing that given the facts he had at hand no deal appeared at first glance to be the better option. It is typical in the last few days of a negotiation for assessments of a likelihood of a deal or not to swing wildly as both sides try to make each other blink.

by | December 03, 2020 | 18:38

In point of fact, the session's gain in Wall St. which had lifted benchmark S&P 500 to another record closing high came forth as market participants had also been betting heavily on a bipartisan pandemic relief bill, while media headlines revealing the US President-elect Joe Biden had swung his position for an above-$2 trillion pandemic relief bill, stepped up market optimism further.

by | December 03, 2020 | 10:13

In Australia, it now sells the Hyundai Kona Electric (the second most successful EV in Australia after the Tesla Model 3 in 2020) and the Hyundai Ioniq which is available in three drivetrains from hybrid to battery electric, and which forms the eponymous new series planned by Hyundai.

by | December 03, 2020 | 10:11

Initially, the chicken bites will debut in a Singapore restaurant, with plans for wider expansion into dining and retail establishments in the country, Josh Tetrick, co-founder and CEO of Eat Just said. It called this move a "breakthrough for the global food industry", and hopes other countries will follow Singapore's example. Singapore's pioneering step is the beginning of a "space race for the future of food", according Bruce Fredrich, executive director of food advocacy group ...

by | December 03, 2020 | 03:14

US President-elect Joe Biden's Treasury Secretary nominee and former Fed President Janet Yellen warned that America is battling a historic economic crisis and called for urgent policy action to avert a "self-reinforcing" downturn. If confirmed, she would be its first leader of South Asian origin, but she is a controversial choice, with conservatives warning her previous comments about Republicans could mean her nomination fails to pass.

by | December 02, 2020 | 22:40

In a blog post published Monday, the tech giant explained that its motivation is "to give businesses access to best-in-class tools that deliver excellent service and support". Customers in the modern era tend to contact businesses by messaging rather than calling. In a major clue that Kustomer - which manages customer interactions across channels - will spread far and wide across the Facebook family of apps, the announcement post was penned by Dan Levy , vice president of ads and ...

by | December 02, 2020 | 20:38

Fiore, chair of the Institute for Supply Management Manufacturing Business Survey Committee. The historical relationship between official statistics and the PMI suggests that while gross domestic product (GDP) continued to trend towards stabilisation, output in the manufacturing sector stagnated as both the Malaysian economy and key worldwide markets combatted a resurgence in Covid-19 cases.

by | December 02, 2020 | 16:38

The single-most-common contention I hear about buying local is that local goods are more expensive than those offered by national chains. Some downtown businesses have already had to close because of the pandemic. "We're hopeful that the pandemic, the number of cases and everything that's going on won't depress business too much", McCall said. But you can shop for clothes for yourself and your significant other at a local boutique, army / navy, sporting goods, thrift, charity, or specialty ...

by | December 02, 2020 | 14:28

Citing statistics, on Monday's commodity market wrap-up, United Kingdom crude futures' prices dropped 1.2 per cent to $47.59 per barrel, while the US West Texas Intermediate (WTI) crude futures' prices due to be expired on December 21 fell 0.44 per cent to wind down the day at $45.14 a barrel.