15 Years Later, Walmart Launches Its Answer To Amazon Prime

Walmart is launching a new membership service for shoppers this month that it hopes can compete with Amazon Prime.

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Bharti Infratel To Go Ahead With Indus Towers Merger

Bharti Infratel Ltd will go ahead with its longdelayed merger with Indus Towers, the telecom infrastructure firm said on Tuesday.

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AstraZeneca's Coronavirus Vaccine Candidate Begins Late-stage US Study

US President Trump has said a vaccine for the novel coronavirus could be available before the November 3 presidential election, much sooner than most experts anticipate.

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Global Markets: Asian Stocks Edge Up After Strong China Manufacturing Survey

Asian stocks edged higher on Tuesday after strong readings on China's vast manufacturing sector offset the weak lead from a softer Wall Street session.

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Gold Rises To Two-week High As Dollar Stumbles

Gold prices rose on Tuesday to their highest level in nearly two weeks, as the dollar slipped to multiyear lows on bets that U.S. interest rates would stay lower for a longer period after the Federal Reserve's new policy framework.

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China's August Export Orders Shake Off COVID Gloom, Fuelling Factory Expansion - Caixin PMI

China's factory activity expanded at the fastest clip in nearly a decade in August, bolstered by the first increase in new export orders this year as manufacturers ramped up production to meet rebounding demand, a private survey showed on Tuesday.

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Japan's Second-quarter Capex Falls Most In Decade On Pandemic Blow

Japanese firms slashed spending on plant and equipment by the most in a decade in the second quarter, the government said on Tuesday, suggesting the economy will take a protracted period to fully rebound from the coronavirusinduced slump.

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Mexico Delays Decision For Section Of 'Mayan Train' Project Eyed By BlackRock

Mexico on Monday said it had "deferred" issuing a decision over a tender for a section of the "Mayan Train" rail project, a major government infrastructure initiative in which a consortium that includes BlackRock was the sole bidder.

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London Financial District Asks If It Should Remove Statues Linked To Slavery

The governing body in charge of London's financial district is asking for views on whether to take down statues and other landmarks with historic links to slavery and racism, as part of its response to the Black Lives Matter movement.

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Global Economy: Asia's Factories Shaking Off COVID Gloom, China Shines

Asian factories continued to shake off the coronavirusinduced gloom in August as more bright signs in China raised hopes of a firmer recovery in global demand, reducing pressure on policymakers to take more radical steps to avert a deeper recession.

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Delta, American Drop Domestic Change Fees, Matching Move By United

Delta Air Lines and American Airlines said on Monday they are permanently dropping domestic change fees, mirroring an announcement by rival United Airlines on Sunday in a push to woo back travelers.

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Nasdaq Rallies While S&P 500 Registers Biggest August Gain Since 1986

While the S&P boasted its steepest August percentage gain in more than three decades it ended Monday lower as investors took a pause although the Nasdaq rallied thanks to highflying stocks including Apple Inc .

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Manufacturing, Construction and Hospitality Sectors Leading India to its Worst Recession Ever?

The Gross Domestic Product (GDP) data for the first quarter of the ongoing financial year said that the country witnessed its worst contraction ever. India’s GDP for the April-June quarter nosedived by 23.9%, as per provisional estimates.

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U.S. Moves To Curb Steel Imports From Mexico, Brazil

U.S. President Donald Trump's administration took new steps to curb steel imports from Brazil and Mexico on Monday, boosting protections for battered U.S. steelmakers and jobs in the election battleground states of Pennsylvania, Ohio and Michigan.

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Brazil Drops Zero-tariff Ethanol Import Quota Enjoyed By U.S. Producers

Brazil allowed a nontariff quota for ethanol imports to expire on Monday, which will result in U.S. producers having to pay a 20% tariff unless the Brazilian government takes new action.

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Why Buffett's Bet On Japan Could Turn On Higher Inflation, Weakening Dollar

Berkshire Hathaway Inc's $6.2 billion (4.6 billion pounds) foray into Japan's five largest trading houses may signal billionaire Warren Buffett's expectation that inflation and a falling U.S. dollar may make international equities more attractive when economies worldwide recover from the coronavirus pandemic. Berkshire said late Sunday, on Buffett's 90th birthday, it owned just over 5% of each of Itochu Corp , Marubeni Corp , Mitsubishi Corp , Mitsui & Co Ltd and Sumitomo Corp , and said it could increase its stakes to 9.9%.

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AstraZeneca's COVID-19 Vaccine Candidate Begins Late-stage U.S. Study

AstraZeneca Plc said on Monday it has begun enrolling adults for a U.S.funded, 30,000subject latestage study of its high profile COVID19 vaccine candidate.

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Covid-19 Has Pushed India Down Deepest Economic Contraction on Record, But Bad News Doesn’t End There

It is very likely that the GDP numbers could get revised further downward going forward due to challenges in data collection during the lockdown months.

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South Korea Unveils Aggressive Spending Plans For Growth, Virus Depletes Ammunition

South Korea's leftleaning government unveiled plans on Tuesday to increase spending aggressively for the next few years, to safeguard jobs and boost welfare for an economy hit by the coronavirus, taking public finances further into the red.

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Japan's Second-quarter Capex Sees Biggest Decline Since 2010 On Pandemic Blow

Japanese firms cut spending on plant and equipment by the most in a decade in the second quarter, the government said on Tuesday, as the coronavirus pandemic delivered a heavy blow to business activity.

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Japan's August Factory Activity Shrinks At Slowest Pace In 6 Months - PMI

Japan's factory activity contracted at the slowest pace in six months in August, reducing some of the heat on policymakers pressured to take more radical steps to prevent the economy from sliding deeper into recession.

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Global Markets: Asian Stocks Edge Lower After Wall Street Dips In Month-end Trade

Asian stocks were set to weaken on Tuesday following a softer Wall Street close while the dollar slipped as markets digested new Federal Reserve comments that suggested rates will stay low for an extended period.

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Facebook Threatens To Block News Distribution In Australia

Facebook threatened to block Australian publishers and individuals from sharing news stories on its platform in reaction to an Australian measure that could require it to compensate media organizations for its use of their stories.

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This Week: Earnings From Zoom, Macy's And Toro

A look at some of the key business events and economic indicators upcoming this week:

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Sensex Rallies over 500 Pts in Early Trade; RIL Jumps Over 2% amid Positive Trend in Global Equities

The BSE Sensex was trading 520.67 points or 1.32 per cent higher at 39,987.98; while the NSE Nifty was up 141.05 points or 1.21 per cent at 11,788.65.

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RBI Governor Rules Out Stagflation, Expects Consumer Inflation To Moderate - FT

Reserve Bank of India Governor Shaktikanta Das told the Financial Times https://on.ft.com/3gE9RGZ newspaper that he does not think there will be stagflation and that the consumer inflation should moderate.

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Gold Hits Near Two-week High On Dollar Weakness, Dovish Fed

Gold prices climbed to their highest level in nearly two weeks on Monday, as the dollar weakened and the U.S. Federal Reserve's new policy framework suggested that interest rates would remain low for some time.

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Asian Stocks Gain After Wall Street Advances To Record

Asian stock markets rose Monday after Wall Street turned in its fifth straight weekly gain and Chinas manufacturing growth held steady.

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US-China Trade War, Covid-19: Captainless WTO in Troubled Water With No Land in Sight

Many observers fear that intransigent US positions could paralyse the WTO process of designating a new director general, leaving the organisation leaderless for the foreseeable future.

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China Manufacturing Grew In August But Weaker

Chinas manufacturing activity held steady in August as domestic demand helped to offset weaker orders from exports markets that are struggling with the coronavirus pandemic, a survey showed Monday.

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China's Slower Factory Growth Eclipsed by Robust Services in Boost to Economic Recovery

Investment bank HSBC expects China’s economy would grow by 5.4% in the third quarter year-on-year, followed by a 6.2% expansion in the fourth quarter, returning China’s growth to pre-COVID levels.

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Keep On Dining Out, UK Minister Urges As Popular Cut-price Offer Ends

British finance minister Rishi Sunak urged diners on Monday to keep going out to eat as a popular government scheme offering halfprice food in restaurants this month drew to a close.

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GDP to Contract by 18.3% as Indian Economy Likely to See Record Quarterly Slump Due to Covid-19

Economists in a Reuters poll predicted that gross domestic product in world's fifth-largest economy will contract by 18.3% in the June quarter, compared to 3.1% growth in the previous quarter, the worst performance in at least eight years. The same economists predict a contraction of 8.1% and 1.0% in the September and December quarters respectively, which would dash any hopes of an economic recovery this year.

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Warren Buffett Looks To Japan, Takes 5% Stakes In Five Biggest Trading Firms

Berkshire Hathaway Inc said it has acquired slightly more than 5% of the shares in five large Japanese companies, marking a departure for Chairman Warren Buffett as he looks outside the United States to bolster his conglomerate.

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Japan Factory Output Up But Retail Sales Down Amid Fragile Recovery From Pandemic

Japan's factory output rose in July at the fastest pace on record, driven by automobiles and car parts, signaling a gradual recovery from the blow delivered by the coronavirus pandemic.

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Asian Stocks Reach 29-month Top, China Services Surprisingly Strong

Asian shares notched a 29month high on Monday as investors wagered monetary and fiscal policies globally would stay super stimulatory, while an upbeat reading on China's service sector augured well for continued recovery there.

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Veolia Aims To Buy Suez Stake As Prelude To Planned Takeover

French water and waste firm Veolia is offering to buy a 29.9% stake in its smaller peer Suez from French gas and power utility Engie for 2.9 billion euros, saying it aims to create a "world champion of ecological transformation".

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Chinese Investors Snap Up Hong Kong Property As New Security Law Deters Foreigners

Mainland Chinese investors are scouring Hong Kong's commercial property market for bargains after prices plunged 30%, signalling a new wave of demand following antigovernment protests last year that kept a lid on investment activity.

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English Shops To Double Charge For Single-use Plastic Bags To 10p

All retailers in England will charge for singleuse plastic carrier bags from next April with the price doubling to 10 pence ($0.13), the government said on Monday as it stepped up efforts to reduce plastic waste.

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As Fintech Upends Banking, Japan Regulator Expects More Cross-boundary Tie-ups

Japan will likely see more financial tieups that extend beyond traditional boundaries similar to those signed between internet banking giant SBI Holdings Inc and regional banks, the country's senior financial regulator said.

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Japan Industrial Output Rises For Second Month But Retail Sales Fall Again

Japan's factory output rose for a second straight month in July, signalling a gradual recovery from the blow delivered by the coronavirus pandemic.

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Warren Buffett Looks To Japan, Takes 5% Stakes In Five Trading Companies

Berkshire Hathaway Inc said it has acquired slightly more than 5% of the shares in five large Japanese companies, marking a departure for Chairman Warren Buffett as he looks outside the United States to bolster his conglomerate.

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Growth In China's Factory Activity Slows In August, Floods Disrupt Production

China's factory activity grew at a slower pace in August as floods across southwestern China disrupts production while smaller firms continued to struggle, potentially tempering a robust recovery for the economy from the coronavirus shock.

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Gold Hits Near Two-week High On Weaker Dollar, Dovish Fed Signals

Gold prices rose on Monday to their highest level in nearly two weeks, as demand was boosted by a weaker dollar and the U.S. Federal Reserve's new policy framework suggested that interest rates would remain low for some time.

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Oil Prices Edge Up On Stimulus Support Despite Ample Supplies

Oil prices nudged up on Monday, with Brent futures set to post a fifth straight monthly gain, as global stimulus measures underpin prices even as demand struggles to return to preCOVID levels in a well supplied market.

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Asian Stocks Hit Two-year Top, Nikkei Bounces As Berkshire Buys In

Asian shares notched a fresh twoyear high on Monday as investors wagered monetary and fiscal policies globally would stay super stimulatory for a protracted period, keeping the safehaven dollar on the defensive.

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United Says It Will Drop Widely Scorned Ticket-change Fees

United Airlines says it listened to customers and is dropping an unpopular $200 fee for most people who change a ticket for travel within the United States.

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Refund Charges Collected Since Jan 1 on UPI, RuPay Transactions: Tax Dept to Banks

The Central Board of Direct Taxes (CBDT), in a circular on 'imposition of charge on the prescribed electronic modes under section 269SU of I-T Act', also advised banks not to impose any charges on any future transactions carried out through these modes.

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CAIT Urges Govt to Probe Chinese Investments in Indian Startups

These Indian firms relate to sectors including hospitality, food delivery, IT, logistics, payment applications, e-commerce travel, transport, pharmaceuticals, insurance, share market, healthcare, eye care, play applications and others.

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Pensioners to Get Electronic Payment Order in Their DigiLocker Directly: Union Minister Jitendra Singh

Union Minister Jitendra Singh said this would also address the frequent problem of loss or misplacement of original PPOs by some pensioners and the subsequent hassles and misery.

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