Business

Caterpillar Inc on Friday reported a smallerthanexpected decline in secondquarter earnings, helped by lower manufacturing costs, even as the pandemic made customers wary of big equipment purchases.

ItalianAmerican automaker Fiat Chrysler Automobiles (FCA) posted a smallerthanexpected operating loss in the second quarter, as a small profit in North America helped to limit the damage wrought by the COVID19 pandemic.

Skoda Auto sees signs of recovery after firsthalf deliveries crashed 31% amid coronavirus lockdown measures, the Czech carmaker owned by Volkswagen said on Friday.

U.S. President Donald Trump may give himself credit for the performance of the U.S. stock market during his term, but only around a third of Americans agree, according to a Reuters poll.

The U.S. economy suffered its biggest blow since the Great Depression in the second quarter as the COVID19 pandemic shattered consumer and business spending, and a nascent recovery is under threat from a resurgence in new cases of coronavirus.

Wall Street's main indexes were set to open lower on Thursday after data confirmed the economy suffered its steepest contraction since the Great Depression in the second quarter, adding to gloom from job losses and a resurgence in coronavirus cases.

McDonald's Corp laid out new diversity initiatives for corporate leadership, franchisees and suppliers at its global convention on Wednesday.

Global shares fell on Thursday as the Federal Reserve's pledge to use all its tools to support the U.S. economy failed to reassure investors uneasy about a stalemate on fiscal support and rising coronavirus cases.

The Luxembourg-headquartered integrated steel and mining company follows January-December fiscal year. Sales in April-June quarter were USD 11.0 billion, as compared to USD 19.3 billion in the corresponding period in 2019, the company said.

China on Wednesday denied protecting fugitive financier Low Taek Jho, being sought by global investigators over his role in the multibillion dollar 1MDB scandal.

An impasse in U.S. stimulus negotiations and mixed corporate earnings reports in Europe left global equities treading water and sent investors into perceived safehaven assets like government bonds and gold, which hovered near record highs.

U.S. stocks fell on Tuesday as lawmakers geared up for grueling talks over a coronavirus aid plan, with the bluechip Dow index weighed down by 3M and McDonald's shares after the companies reported quarterly profits that missed estimates.

A German court on Tuesday said it had opened proceedings against current and former Volkswagen managers, including management board members, on suspicion they awarded excessive pay to labour leaders in breach of fiduciary duties.

Addressing members of industry chamber CII, Das said a big push to certain targeted mega infrastructure projects can spur the economy, as was done by the Golden Quadrilateral project in the past.

In the "bear case" scenario, if the vaccine against the novel coronavirus is delayed, the GDP contraction can go up to 7.5 per cent, analysts at Bofa Securities have said.

Imports from Saudi Arabia rose to 8.88 million tonnes in June, or 2.16 million bpd, in June, according to data from the General Administration of Customs on Sunday.