Business

U.S. longterm mortgage rates dropped this week to a record low for the 16th time in 2020, reflecting an economy hard hit by the coronavirus pandemic.

Stocks that moved heavily or traded substantially Wednesday:

Merck & Co said on Wednesday it would supply about 60,000100,000 doses of its experimental COVID19 treatment to the U.S. government for up to about $356 million.

Gold prices inched higher on Wednesday after President Donald Trump's threat not to sign the U.S. pandemic relief bill triggered a drop in the dollar.

Lufthansa and its pilots have reached an agreement that secures jobs until endMarch 2022 and could help reduce costs by as much as 450 million euros ($548 million), pilots' union Vereinigung Cockpit (VC) said on Wednesday.

The U.S. Justice Department sued Walmart Inc on Tuesday, accusing the world's biggest retailer of fueling the opioid crisis in the United States, ignoring warning signs from its pharmacists and filling thousands of invalid prescriptions.

Royal Dutch Shell on Monday said it will write down the value of oil and gas assets by $3.5 billion to $4.5 billion following a string of impairments this year as it adjusts to a weaker outlook.

Lockheed Martin is buying rocket engine manufacturer Aerojet Rocketdyne Holdings for $4.4 billion in a deal that brings together companies that already had been working together in the aeronautics industry.

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The Bank of England kept its stimulus programme unchanged on Thursday as it awaited the outcome of Britain's trade deal talks with the European Union, and said it would tolerate temporarily higher inflation if sterling plunged after a nodeal Brexit.

Japan has sold 80 tons of gold used for minting coins to another arm of the government to fund part of its huge stimulus package to combat the coronavirus crisis, government officials told Reuters.

WPP, the world's biggest advertising company, expects to return to its 2019 level of net sales by 2022 after the pandemic accelerated its strategy switch to providing more digital services for clients.

The coronavirus vaccine euphoria sweeping world markets is fuelling a mad dash into developing world debt that is shattering all previous boundaries and records, and shows no sign of slowing.

Other countries in the monitoring list are Japan, South Korea, Germany, Italy, Singapore and Malaysia.