By Jimmy Patel The successive policy repo rate cuts by the Reserve Bank of India (RBI) since 2019 to support growth has left sections of the society nervous. The rate cuts are good news for…
Halfway through earnings season, the coronavirus resurgence is…
The New York Stock Exchange in lower Manhattan in New York City.Spencer Platt | Getty ImagesEarnings hopes wilt as fresh Covid outbreak throws 2021 reopening in doubt. That's the story of earnings season so far. It's…
U.S. job growth roars back, but COVID-19 resurgence…
WASHINGTON: The U.S. economy created jobs at a record clip in June as more restaurants and bars reopened, but 31.5 million Americans were collecting unemployment checks in the middle of the month, and a resurgence…
Dow drops more than 700 points in worst…
Stocks fell sharply on Wednesday as the increasing number of newly confirmed coronavirus cases dampened expectations of an economic recovery.The Dow Jones Industrial Average dropped 710.16 points, or 2.7%, to 25,445.94. The S&P 500 closed…
Oil prices see weekly loss on virus resurgence…
NEW YORK: Oil was little changed on Friday and logged a first weekly decline since April as new U.S. coronavirus cases spiked, stoking fears of a second wave of the virus hitting fuel demand. Brent…
Parts of Asia that relaxed restrictions without a…
Couples wearing face masks amid concerns over the COVID-19 novel coronavirus walks through a market in Seoul on April 22, 2020.Ed Jones | AFP | Getty ImagesThe tulips were blooming in Seoul and Dr. Jerome…