Category: Business

U.S. consumers reported mixed feelings about the labor market in October as the outlook for unemployment improved but the perceived odds of finding new work after losing a job dropped to a six-year low, according to a survey released on Monday by the New York Federal Reserve. The regional Fed bank’s latest Survey of Consumer […]

U.S. job openings increased less than expected in September while hiring fell, suggesting the labor market recovery was petering out even before a resurgence in new COVID-19 cases which is expected to slow momentum. Though the Labor Department’s monthly Job Openings and Labor Turnover Survey, or JOLTS report on Tuesday showed layoffs decreasing to their […]

U.S. President Donald Trump leaned on economic arguments in his reelection bid. The economy favored Democratic challenger Joe Biden. President-elect Biden won in counties accounting for 70% of the country’s economic output, and also in places that were generally doing better under the Republican incumbent than was “Trump country,” according to an analysis of the […]

Embattled conglomerate Thyssenkrupp is reviewing ways to keep its electrolysis unit Uhde as demand for large-scale production of hydrogen is expected to increase, three people familiar with the matter said. Thyssenkrupp Uhde Chlorine Engineers (TKUCE) is currently part of Thyssenkrupp’s Plant Technology division, which makes equipment for mining, chemicals and fertiliser plants and has been […]

A lawsuit launched by the Nigerian government against U.S. bank JP Morgan Chase, claiming over $1.7 billion for its role in a disputed 2011 oilfield deal, will proceed to trial, London’s high court ruled on Thursday. The suit filed in the English courts in 2017 relates to the purchase of the offshore OPL 245 oilfield […]

Tencent’s blockbuster game and solid advertising drove an 89% rise in quarterly profit at the Chinese gaming and social media group, helping it to beat forecasts on Thursday. With its flagship game Honour of Kings reporting a record 100 million daily active users in the first 10 months of 2020, Tencent, the world’s largest gaming […]

India’s services exports in September fell 1.4 per cent to $17.29 billion, data from the Reserve Bank of India (RBI) showed on Friday. The services exports (receipts) in September 2019 stood at $17.54 billion. Services imports (or payments) also dropped 8.7 per cent to $10.14 billion as against $11.10 billion in the year-ago month, according […]