Business

Japan's manufacturers remained pessimistic for the 14th straight month in September, and though the gloom eased somewhat the broad results of the Reuters Tankan survey pointed to a painfully slow recovery for the coronavirusstricken economy.

In 1973, Arab members of the Organization of Petroleum Exporting Countries brought the U.S. economy to its knees. Now, the cartel created 60 years ago is more likely to do Washington's bidding.

U.S. President Donald Trump's nominee on Saturday won election as president of the InterAmerican Development Bank, the region's main economic development lender, making him the first U.S. citizen to lead the institution in its 61year history.

In the same month of 2019, the RBI was a net seller of US dollars after it bought USD 1.592 billion and sold 1.685 billion.

A training review for the grounded Boeing 737 MAX will begin on Monday in London, the U.S. Federal Aviation Administration (FAA) said, in a key milestone for the plane's eventual return to service.

U.S. consumer prices rose solidly in August, with the cost of used cars and trucks accelerating by the most in more than 51 years likely as Americans shunned public transportation because of fears of contracting COVID19.

The European Commission will propose that the European Union sets a 2030 target of cutting its net greenhouse gas emissions by at least 55% against 1990 levels, according to an internal document seen by Reuters.

The firm's labs are located in Britain. He said the company on Thursday received permission from the Central Licensing Authority under the Central Drugs Standard Organisation for the second phase of clinical trials.

The last date of submission of bids has been extended till September 14, the DIPAM, which manages the government share sale, said.

Japan's Sharp Corp said on Friday it has won a patent infringement lawsuit against Daimler in Germany, a ruling that could enforce a sales ban against the German automaker.

European Central Bank policymakers warned on Friday against complacency over low inflation and highlighted risks from a strong euro, nuancing the bank's benign message from a day earlier, which some argued denied difficult realities.

Britain must respect its commitments in the withdrawal treaty it signed with the European Union if it wants to have an agreement on future trade relations with the block, the chairman of euro zone finance ministers Pascal Donohoe said on Friday.

Asian shares struggled to stem a bearish mood on Friday after U.S. big tech firm shares fell again overnight on growing doubts about U.S. stimulus and worries about their stretched valuations.

A debate within Iraq over whether it should ask to be exempt from OPEC+ oil supply cuts has resurfaced as low prices squeeze its finances, challenging a government struggling to tackle the destruction of years of war and rampant corruption.

Standard Chartered said on Thursday it would merge several of its businesses and reduce the number of top executives as the Asia and Africafocused bank seeks to trim costs and create a leaner business.

BP entered the offshore wind market on Thursday with a $1.1 billion deal to buy 50% stakes in two U.S. developments from Norway's Equinor, a significant step by the oil firm towards its energy transition goals.