Business

AstraZeneca is likely to run an additional global trial to assess the efficacy of its COVID19 vaccine, its chief executive Pascal Soriot was quoted as saying on Thursday after questions over the results from its latestage study.

Drinks maker Remy Cointreau beat firsthalf profit forecasts on Thursday and predicted a strong recovery in the second half, driven by China and the United States.

Victoria's Secret reshuffled its executive ranks Wednesday, including the position of CEO, as it tries to revive the struggling lingerie brand.

Gold regained momentum on Wednesday following a sharp slide toward the $1,800 pivot in the previous sessions, as an unexpected rise in U.S. jobless claims tempered some of the COVID19 vaccineled optimism on Wall Street.

The number of Americans filing firsttime claims for jobless benefits increased further last week, suggesting that an explosion in new COVID19 infections and business restrictions were boosting layoffs and undermining the labor market recovery.

At 7:00 am today, the SGX Nifty was trading at 13,154.00, raising 71.00 points or 0.54 percent higher.

Stocks hit record highs on Tuesday while bitcoin and oil prices also rose as political uncertainty subsided after U.S. Presidentelect Joe Biden got the formal goahead to begin his transition to the White House.

Oil rose more than $1 a barrel to its highest levels since March as a third promising coronavirus vaccine raised hope for fuel demand recovery and U.S. Presidentelect Joe Biden began his transition to the White House.

Ford Motor Co said on Tuesday it has ordered a dozen ultracold freezers that can safely store Pfizer Inc's COVID19 vaccine, a move aimed at ensuring the U.S. automaker's workers have access to vaccines when they are rolled out nationally.

JPMorgan has raised its odds of a Brexit trade deal to 80%, up from twothirds, as negotiators from Britain and the European Union try to clinch an accord before the end of the year.

Gold slid to a fourmonth low on Tuesday, extending a sharp slide from the previous session as optimism over the development of COVID19 vaccines drove investors to riskier assets.

The European Union has reached a deal with U.S. biotech firm Moderna for the supply of its COVID19 vaccine candidate, the head of the European Commission said on Tuesday.

More than 1 million Americans a day packed airports and planes over the weekend even as coronavirus deaths surged across the U.S. and public health experts begged people to stay home and avoid big Thanksgiving gatherings.

Oil prices rose more than 1% on Monday, extending last week's gains as traders eyed a recovery in demand due to successful coronavirus vaccine trials.

Italy's Treasury has picked Bank of America and Orrick as financial and legal advisers to secure a merger deal for bailedout bank Monte dei Paschi (MPS) as part of its privatisation plan, four sources close to the matter told Reuters.

The European Commission on Friday proposed that power plants fuelled by natural gas would not be not classed as a sustainable investment in Europe, although plants could possibly gain a green label by burning some hydrogen.