Business

As cardholders experience financial difficulties due to COVID-19, some credit card issuers are promoting their hardship programs.

Oil prices fell more than 1% on Wednesday after an industry group reported an unexpected rise in U.S. crude inventories, renewing concerns about fuel demand that caused a steep selloff earlier in the week.

Euro zone business growth ground to a halt this month as the service industry slammed into reverse, knocked by a resurgence in coronavirus cases that pushed governments to reintroduce restrictions and citizens to stay at home, a survey showed.

Bank of Japan Governor Haruhiko Kuroda said the central bank will continue to work closely with the government to ease corporate funding strains, as the coronavirus crisis keeps the economic outlook highly uncertain.

Business sentiment among Asian firms rebounded in the third quarter as easing coronavirus restrictions lifted sales but lingering uncertainty over the pandemic thwarted a return to businessasusual, a Thomson Reuters/INSEAD survey showed.

Nike appears to have recovered from its pandemic slump, posting a solid quarterly profit driven by soaring online sales of its sneakers and workout apparel.

Nike Inc easily beat analysts' estimates for quarterly revenue and profit on Tuesday, powered by online sales for its Air Maxes and other shoes in North America, sending its shares up about 9%.

The union that represents Canadian auto workers has extended its contract with Ford beyond an 11:59 p.m. deadline, a sign that progress is being made toward an agreement.

Asian shares extended losses for the second day on Tuesday while the dollar rose, as possible delays in expanded U.S. stimulus and concerns about fresh pandemic lockdowns in Europe knocked investor sentiment.

U.S. President Donald Trump on Monday said he was rebuffed when he asked officials to adjust the exchange rate of the dollar to counteract what he described as repeated currency manipulation by China of its yuan.

Detroit's big auto show is changing dates once again.

Markets turned riskaverse on Monday and European shares hit their lowest in seven weeks as rising COVID19 infection rates in Europe prompted renewed lockdown measures, casting doubt over economic recovery.

Europe could be facing a new sovereignbank "doom loop" if a coronavirus crisis surge in government bond buying by banks in those same countries persists, rating agency S&P Global has warned.

World GDP will return to the level it was before COVID19 by mid2021 after a strongerthanexpected economic bounce in recent months, Deutsche Bank said on Monday, but bloated debt levels and a shift in policy could heighten the risk of a financial crisis.

Gold prices edged higher on Monday, helped by a weaker dollar while investors looked forward to speeches by Federal Reserve policymakers due this week for further clues on the U.S. central bank's approach to inflation.

Streaming firm Wheaton Precious Metals Corp said on Sunday it is planning a UK listing by yearend, potentially the largest metals and mining company to join the London Stock Exchange since Glencore in 2011. The Vancouverbased group, which is duallis...