Business

BMW on Wednesday said its thirdquarter profit rose almost 10% thanks to rebounding Chinese demand for luxury cars and reiterated its outlook, even as a wave of coronavirus infections continues to sweep Europe and the United states.

Investor hopes for a decisive early read on the U.S. election were dampened on Tuesday night after initial voting results showed a tight race, with signs some traders were unwinding bets that would benefit from a broad Democratic victory.

European stock markets rose in early trading on Tuesday as investors bet on a clear win for Joe Biden as the United States votes in its most polarised presidential election in living memory.

In Chennai, the yellow metal saw a dip of Rs 20 in the price per 10 grams for both the qualities.

U.S. manufacturing posted a strong gain in October to the highest level in two years even as coronavirus cases have begun to surge again in many parts of the country.

China's central bank and three financial regulators held talks with Ant Group's top executives and its founder Jack Ma on Monday as Beijing published new draft rules for online microlending.

EU and British Brexit negotiators will continue talks in Brussels on Monday and until around midweek, sources on both sides said on Sunday, in a sign both sides are still pushing to avoid a damaging trade rupture in less than nine weeks.

The U.S. economy is expected to rebound from a disastrous spring. Paralyzed by the coronavirus, economic output collapsed at a 31.4% annual pace from April through June the worst such plunge on records dating to 1947.

The Dutch government on Saturday put on hold its plan to bail out KLM, the Dutch arm of Air FranceKLM, after pilots rejected a wagefreeze until 2025, Finance Minister Wopke Hoekstra said.

Walmart Inc said on Friday it has begun returning firearms and ammunitions to the floors of its U.S. stores a day after the world's largest retailer said it had removed these products.

Oil prices will be hemmed in the $4045 per barrel range for the rest of the year, a Reuters poll showed on Friday, with analysts expecting a rough road to recovery into 2021 as an accelerating coronavirus outbreak fans renewed demand concerns.

Taiwan's economy grew at its fastest pace in more than two years in the third quarter after a steep contraction earlier this year, as strong global demand for the island's tech exports and returning consumer confidence eased the pandemic hit.

Facbook said in its outlook that it faced “a significant amount of uncertainty,” citing impending privacy changes by Apple and a possible reversal in the shift to online commerce that was prompted by the pandemic.

Apple One, the bundle of Apple Inc's paid online services, will launch on Friday, Chief Executive Tim Cook told Reuters in an interview.

Starbucks Corp forecast 2021 earnings largely above estimates on Thursday, helped by strong online orders and a recovery in demand following the initial hit from the COVID19 pandemic.

Spanish oil and gas group Repsol reported a 7 million euro ($8.27 million) adjusted net profit for the third quarter on Thursday as crude prices recovered, edging back into positive territory after a deep loss in the second quarter.