Business

Moderna Inc said on Friday it was on track to produce 20 million doses of its experimental coronavirus vaccine by the end of the year, while maintaining its goal of readying 500 million to 1 billion doses in 2021.

Oil prices rose for a fourth straight day on Friday as Goldman Sachs estimated the market is in deficit and a new storm started building in the Gulf of Mexico, putting crude on track for a weekly gain of about 10%.

British shoppers continued to increase spending last month, taking sales further above preCOVID levels, as strong online demand helped much of the sector enjoyed a faster rebound than the rest of the economy.

Private equity firm Hillhouse Capital Group is raising a fund targeting over 20 billion yuan ($3 billion), said people with knowledge of the matter, as it readies itself for opportunities offered by the eventual normalisation of the Chinese economy.

Stocks that moved heavily or traded substantially Thursday:

Gold prices fell on Thursday to the lowest in more than a week, after the U.S. Federal Reserve dashed investors' hopes for more stimulus to support the coronvirushit economy.

Global equity markets and gold slumped, while the dollar eased on Thursday after the Federal Reserve reminded investors of the long slog ahead for a full recovery that was reinforced by data showing persistently high claims for U.S. unemployment benefits.

The yearsold trade of piling into emerging markets to capture higher returns afforded by faster growth may be losing its lustre, putting capital flows at risk as investors take a more nuanced approach to the asset class.

The collective spent of CIL along with its subsidiaries during the period stood at 1,977.76 crore over and above the collective statutory requirement of Rs 1,575.98 crore.

OPEC and allies, led by Russia, are scheduled to hold an online meet on Thursday to discuss compliance with their agreed output cuts and demand trends amid falling oil prices and a faltering economic recovery outlook.

JPMorgan Chase & Co will not pay for junior sales and trading staff to take an Uber to work, reversing actions the bank took after the COVID19 pandemic to help staff feel comfortable about commuting to work, Bloomberg News reported.

The S&P 500 and Dow Jones indexes rose on Wednesday on hopes that the Federal Reserve would continue to keep interest rates low for a prolonged period, while a slide in techrelated stocks weighed on the Nasdaq.

Ferrari rolled out the Portofino M, a modified version of its topselling gran tourer, on Wednesday as the Italian sportscar maker pursues a rapid turn over of new models despite the coronavirus crisis.

Shares rose and the dollar fell on Wednesday on stronger risk appetite as U.S. consumer data showed steady demand ahead of a Federal Reserve meeting that investors hope will signal a renewed commitment to its dovish policy stance.

As the COVID-19 pandemic leads banking customers to lean into online technology to manage their money, those trying online banking for the first time may find themselves with questions about how to handle things previously done in person or with paper doc...

Last month CtW Investment Group urged Fresenius Medical Care AG to add diverse directors to its board. The group determined the German company lacked diversity by studying photos of directors and reviewing their backgrounds online to determine their race.