Business

Credit Suisse Group AG on Thursday posted a 38% fall in thirdquarter net profit, as a surge in investment banking failed to offset a slowdown in wealth management, while a oneoff boost last year left this year's figure looking flat.

Airbus said on Thursday it expected to reach cash breakeven in the fourth quarter, setting the first forwardlooking target since the start of the coronavirus crisis after managing to stop bleeding cash in the third quarter.

The Bank of Japan on Thursday trimmed its economic and price forecasts for the current fiscal year, heightening expectations it will maintain its massive stimulus for the time being to cushion the blow from COVID19.

Boeing Co unveiled a fourth straight quarterly loss and deeper job cuts on Wednesday as the coronavirus pandemic and the lengthy grounding of its 737 MAX continued to hammer revenue.

Americans may feel whiplashed by a report Thursday on the economy's growth this summer, when an explosive rebound followed an epic collapse.

Aston Martin's 125 million pound ($163 million) capital increase has been fully subscribed, the lossmaking carmaker said on Wednesday as it seeks to turn round the business with additional support from Daimler.

IndusInd Bank was the top loser in the Sensex pack, shedding over 3 per cent, followed by HDFC, ICICI Bank, Tech Mahindra, Bajaj Finance, UltraTech Cement and Tata Steel.

Shares around the world tumbled on Wednesday as coronavirus infections grew rapidly in Europe and the United States, igniting fears of possible strict lockdown measures that could damage already fragile economic recoveries.

New orders for key U.S.made capital goods increased to sixyear high in September, wrapping up a quarter of potentially record growth in business spending and the economy, thanks to fiscal stimulus aimed at softening the blow from the COVID19 pandemic.

They can now file their GST returns through SMS. CMP-08 is a quarterly statement of self-assessed tax that needs to be filed by composition taxpayers.

Global foreign direct investment (FDI) plunged by 49% in the first half of 2020 from the same period a year ago and is on course to fall as much as 40% for the year, driven by fears of a deep recession, the United Nations said on Tuesday.

Gold prices rose on Tuesday as a weaker dollar and a fresh wave of coronavirus infections threatened to further slow down a global economic recovery from the COVID19 pandemic, bolstering bullion's safehaven appeal.

Gold prices rose on Tuesday after a fresh wave of coronavirus infections raised concerns over a global economic recovery and bolstered the precious metal's safehaven appeal.

China will impose sanctions on U.S. companies including Boeing and Lockheed Martin for supplying weapons to rival Taiwan, a foreign ministry spokesman said Monday.

The European Central Bank meets on Thursday, and financial markets are keen to get a sense of just how close it is to delivering another round of stimulus.

That combined with no clear progress on a U.S. stimulus package to pull S&P 500 futures down 0.6%. EUROSTOXX 50 futures eased 0.7% and FTSE futures 0.4%.