Business

America's biggest biofuel companies plan to ask Presidentelect Joe Biden to impose a nationwide standard to reduce carbon emissions from transport fuels, according to five sources familiar with the matter, and hope to preserve a role for products like eth...

Oil prices rose about 1% higher on Friday and posted a third consecutive weekly rise, buoyed by successful COVID19 vaccine trials, while renewed lockdowns in several countries to limit the spread of the coronavirus capped gains.

Johnson & Johnson has been ordered by a New York state judge to pay $120 million in damages to a Brooklyn woman and her husband, after she blamed her cancer on asbestos exposure from using the company's baby powder.

The S&P 500 and the Dow were set to open slightly lower on Friday as fears grew over fading stimulus and the blow to the economy from increasing coronavirus infections.

Investors stormed into riskier assets last week, pumping $27 billion into equity funds as positive COVID19 vaccine updates led to euphoric buying of shares in worsthit sectors such as banks, travel and leisure, and oil, BofA said on Friday.

Public sector oil marketing companies - Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd - revise rates of petrol and diesel daily based on benchmark international oil price and foreign exchange rate.

General Motors says a pending breakthrough in battery chemistry will cut the price of its electric vehicles so they equal those powered by gasoline within five years. The technology also will increase the range per charge to as much as 450 miles.

Cineworld is looking at a company voluntary arrangement, an insolvency process used to cut costs, as part of its talks with lenders to gain access to capital, the Financial Times reported, citing three sources close to the negotiations.

A gauge of global shares hit a record for a third straight day while the dollar moved off earlier lows on Wednesday as further positive COVID19 vaccine news helped temper concerns about rising infection rates and related economic damage.

Euro zone annual inflation was negative for a third consecutive month in October, matching a fouryear low, as energy prices were around 8% lower than a year earlier.

Airlines are scrambling to prepare ultracold shipping and storage facilities to transport COVID19 vaccines developed by Pfizer and Moderna, whose doses, which require deep freezing, are likely to be among the first to be distributed.

Libor compiler ICE Benchmark Administration said on Wednesday it will consult on its plan to stop publishing the interest rate denominated in sterling, euro, Swiss franc and Japanese yen.

A group of major U.S. utilities, Tesla , Uber and others said on Tuesday they are launching a new group to lobby for national policies to boost electric vehicle sales.

German carmaker Daimler will cooperate with China's Geely to build its next generation of engines, business daily Handelsblatt reported on Tuesday, citing company and industry sources.

U.S.based Albemarle Corp, the world's largest lithium producer, has accused its top rival, Chilean miner SQM, and local regulators of seeking to keep secret a coveted report about the environmental impact of lithium mining in Chile's Salar de Atacama, acc...

Rajapaksa, who is also the Finance Minister, will present the budget amid unprecedented health measures as the island nation since early October is witnessing a massive spike in Covid-19 infections with the number of deaths from the pandemic increasing fo...