Business
Lufthansa Sees Surge In Christmas Holiday Flight Bookings
Lufthansa recorded a big jump in bookings for longhaul and European flights over the Christmas and New Year holiday period and is increasing capacity accordingly, the German airline said.
Corporate Singapore Faces Crunch Time In Rare Clash With Activist Funds
A yearlong spat between activist funds and a small real estate investment trust (REIT) over a merger is nearing a climax in Singapore, a battle that could embolden more investor dissent in a sleepy market dominated by retail shareholders.
Olympic Fans From Aboard May Have Health Tracked By App
A mobile app could be among the measures used to track the health of fans from abroad if they are permitted to attend next year's Tokyo Olympics.
U.S. Private Payrolls Miss Expectations In November - ADP
U.S. private payrolls increased less than expected in November, likely hampered by soaring new COVID19 infections and business restrictions, adding to signs of slowing economic activity as a turbulent year winds down.
Govt Makes it Mandatory to Mention 8-digit HSN Code in Tax Invoice for 49 Chemical Based Products
In trade parlance, every product is categorised under an HSN (Harmonised System of Nomenclature) Code. It helps in systematic classification of goods across the globe.
U.S. Factory Activity Slows As COVID-19 Infections Accelerate
U.S. manufacturing activity slowed in November, with new orders retreating from their highest level in nearly 17 years, as a resurgence in COVID19 cases across the nation kept workers at home and factories temporarily shut down to sanitize facilities.
S&P 500, Nasdaq Start December At Peak On Vaccine Optimism
The S&P 500 and the Nasdaq hit record highs on Tuesday as hopes that a COVID19 vaccine will be available soon and betterthanexpected factory data from China bolstered bets of a speedy economic recovery.
UnitedHealth 2021 Forecast Dinged By Coronavirus
UnitedHealth has debuted a lower-than-expected 2021 earnings forecast partly because of the unknown extent of COVID-19s impact on the health care system.
Gold Rebounds From Five-month Lows As Virus Fears Outweigh Vaccine Cheer
Gold prices recovered from fivemonth lows on Tuesday as worries over spiking COVID19 cases offset optimism around vaccine developments and nudged investors towards the precious metal.
Small Caps Set To Keep Surging As Vaccines Aid Recovery
Small cap stocks have far outperformed their larger counterparts in November en route to their best monthly performance on record, and look set to remain Wall Street leaders as companies poised to benefit from an economic recovery.
GM, Nikola Announce Reworked Agreement; Nikola Shares Fall 22%
General Motors Co and Nikola Corp on Monday announced a reworked agreement on a fuelcell partnership that eliminates an equity stake in the startup for the Detroit automaker as well as plans for building Nikola's electric pickup truck, sending Nikola shar...
Food Delivery Startup DoorDash Aims For Up To $27 Billion Valuation In Much-awaited IPO
Food delivery startup DoorDash Inc is aiming to raise up to $2.8 billion at a valuation of $27 billion in its initial public offering, setting the stage for one of the most highprofile stock market debuts of the year.
Global Investors See China Stocks Bull Run Lasting Well Into 2021
Global investors are betting Chinese stocks will extend their bull run and that mainland corporate earnings in 2021 will be boosted by a world economic recovery and more predictable SinoU.S. relationship.
China To Force Firms To Report Use Of Plastic In New Recycling Push
Restaurants, ecommerce platforms and delivery firms will be forced to report their utilisation of singleuse plastics to the authorities and also submit formal recycling plans, China's commerce ministry said in proposals published on Monday.
U.S. Shale Firms Amp Up Natural Gas Output As Futures Signal More Gains
Higher natural gas futures prices for 2021 and a continued glut of crude oil are prodding U.S. shale firms to boost gas drilling and production.
RBI Likely to Maintain Status Quo for Third Straight Time on Inflation Concerns
The six-member Monetary Policy Committee (MPC) headed by RBI Governor is scheduled to meet for two days starting December 2. The resolution of the sixth bi-monthly MPC meeting would be announced on December 4.