Business

Global oil demand will rebound more slowly in 2021 than previously thought because of rising coronavirus cases, OPEC said on Wednesday, hampering efforts by the group and its allies to support the market.

The CEO sold 132,508 shares in the company at an average price of $41.94 a share, or $5.6 million in total, according to filings registered with the Securities and Exchange Commission. The 52-week-high for Pfizer stock is $41.99, which means Bourla cashed...

Having missed out on the hottest new alcohol trend in the United States, AnheuserBusch InBev reckons it can still overhaul rivals by ramping up innovation, marketing and harnessing its top brand, Bud Light.

Oil prices climbed on Wednesday as hopes of an effective COVID19 vaccine continued to bolster sentiment, while an industry report showed U.S. crude inventories fell more than expected.

Gold prices edged higher on Wednesday, supported by a softer dollar, while concerns about surging COVID19 cases in the United States and logistical challenges over the mass rollout of a potential vaccine further bolstered the metal's appeal.

Stocks that moved heavily or traded substantially Tuesday:

J.C. Penney is on course to emerge from bankruptcy by Thanksgiving, after a U.S. bankruptcy court approved the sale of the ailing 118yearold retailer to its two largest landlords and its primary lenders.

News of a breakthrough in the race to find a COVID19 vaccine sparked one of the heaviest trading days since the height of the pandemic crisis, according to early data analysed by Reuters, with nearly $2 trillion (1.51 trillion pounds) changing hands on Mo...

A notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with the directions.

Stocks that moved heavily or traded substantially Monday:

SoftBank Group Corp is in talks to sell robot maker Boston Dynamics Inc to Hyundai Motor Co , Bloomberg News reported on Monday, citing people familiar with the matter.

Pfizer Inc said on Monday its experimental vaccine was more than 90% effective in preventing COVID19 based on initial data from a large study, a major victory in the fight against the pandemic.

Ethiopia's Nobelwinning leader said on Monday his nation was not descending into "chaos" despite a military offensive against the restive Tigray region where air strikes and fighting have killed at least half a dozen people in recent days.

Having grown rapidly to become Europe's thirdlargest lowcost airline and one of the few to apply the budget model to transatlantic flights, Norwegian Air is fighting for its survival again after the Oslo government on Monday ruled out further support.

Japanese technology company SoftBank Group Corp. said Monday it restored its profitability in the last quarter as its investments improved in value.

Wall Street stock futures started strong on Monday while the dollar extended its downward trend as risk assets got a boost on expectations of fewer regulatory changes and more monetary stimulus under U.S. presidentelect Joe Biden.