UK economy contracted by 20.4% in April, the…

A pedestrian walks past closed-down shops on an empty Regent Street in London on April 2, 2020, as life in Britain continues during the nationwide lockdown to combat the coronavirus pandemic.Tolga AkmenThe U.K. posted the…

Cash withdrawal from ATMs dips in April

Mumbai: Cash withdrawals from automated teller machines (ATMs) nearly halved to about Rs 1.27 lakh crore during April, mainly on account of the impact of the coronavirus-induced lockdown. The withdrawals were Rs 2.51 lakh crore…

Dow surges more than 900 points in best…

Wall Street logged its best day in over a month on Monday as news from a Moderna trial stoked optimism about a potential coronavirus vaccine. The Dow Jones Industrial Average closed 911.95 points higher, or 3.9%, at…

Venture investments decline 73 per cent to USD…

Venture investment activity continued its southward journey for April as well, declining 73 per cent to USD 881 million (about Rs 6,632 crore) as compared to the year-ago period, and there was no commitment from…

Coronavirus live updates: Russia sees over 10,000 new…

This is CNBC's live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks.Global cases: More than 3.5 millionGlobal deaths: More than 247,300Most cases reported:…

RIL to announce Q4 results, consider rights issue…

New Delhi: Reliance Industries (RIL) on Monday said that the company will announce its financial results for March quarter on April 30. The oil-to-telecom major will also consider a proposal to issue equity shares to…

Saudis set to sell 600,000 barrels a day…

By Javier BlasSaudi Arabia is set to sell about 600,000 barrels a day of crude to the US in April, the highest volume in a year, according to a Saudi industry official familiar with allocations…