Business

Gold eased on Friday as the dollar edged higher, denting bullion's appeal and setting it on track for a second weekly decline, while lingering concerns over the path to recovery from the coronavirus limited losses.

Net debt, excluding public banks, rose to 2.004 trillion pounds ($2.66 trillion), up by nearly 230 billion pounds from July 2019 and equivalent to 100.5% of Britain's economic output, its highest since 1961.

The S&P 500 and Nasdaq advanced on Thursday, as gains in heavyweight tech stocks outweighed downbeat data that affirmed the Federal Reserve's view of a difficult road to economic recovery.

Wall Street's main indexes edged higher on Thursday as gains in heavyweight tech stocks overshadowed gloom over downbeat data that underlined the Federal Reserve's view of a difficult road to recovery.

Oil and global equity markets fell and the dollar steadied on Thursday as a poor reading of the U.S. labor market added to concerns that the economic recovery in the United States might be slower than previously expected.

A Niti Aayog task force also recommended shifting of some areas under sugarcane cultivation to less water-intensive crops by providing suitable incentive to farmers.

Iron ore prices may extend their steep gains in coming weeks, buoyed by speculators and supply chain disruptions, but rising supplies are set to eventually undermine the rally.

American Airlines will drop flights to 15 smaller U.S. cities in October when a federal requirement to serve those communities ends.

Asian and European share markets fell on Thursday, after the U.S. Federal Reserve's latest meeting minutes highlighted doubts about the recovery of the world's largest economy and knocked Wall Street from recent record highs.

Dutch marine services provider Boskalis said on Thursday it expected its 2020 core profit to match last year's result, offering a more optimistic outlook than market forecasts citing wellfilled order books.

He said India's closing stock of cotton is likely to touch 9 million bales by the end of the current marketing year 2019-20 (October to September). One bale is equal to 170 kg.

The U.S. Food and Drug Administration rejected BioMarin Pharmaceutical Inc's gene therapy for bleeding disorder hemophilia A citing the need for longerterm data, the drugmaker said on Wednesday, potentially pushing any approval out to 2022.

Citigroup Inc is suing HPS Investment Partners and Symphony Asset Management for allegedly refusing to return a combined $237 million, escalating a legal dispute between the bank and Revlon Inc's lenders over a loan payment error.

Angel Dougherty went to the mall last month not to shop, but to watch a drivein drag show in the parking lot.

Hong Kong Exchanges and Clearing Ltd (HKEX) sees a trend of secondary listings by New Yorklisted Chinese companies bolstering its prospects, as the bourse reported a 1% increase in firsthalf profit on Wednesday.

At the interbank forex market, the domestic unit opened at 74.71 against the US dollar, but lost ground and finally settled at 74.82 against the US dollar, down 6 paise over its previous close of 74.76.