Markets

The S&P 500 and the Dow were largely unchanged on Thursday as investors stayed on the sidelines amid an uptick in coronavirus infections in parts of the United States and an elevated level of weekly jobless claims.

NEW YORK: Wall Street stocks finished little changed on Thursday (Jun 18) as investors weighed data showing stubbornly high jobless claims against optimism over the impact of monetary stimulus. The Dow Jones Industrial Average ended down 0.15 per cent at 26,080.10. The broad-based S&P 500 edged ...

NEW DELHI: India on Thursday (Jun 18) fully lifted an export ban on hydroxychloroquine, a drug favoured by US President Donald Trump as a treatment against coronavirus, as questions remain over the malaria medicine's effectiveness against COVID-19. The Directorate General of Foreign Trade said in ...

WASHINGTON, DC: US House of Representatives Democrats on Thursday (Jun 18) unveiled a US$1.5 trillion infrastructure bill that they will seek to pass in coming weeks, arguing it has been made more urgent by the coronavirus pandemic. The legislation would spur construction or improvements of roads ...

Commercial insurers are scrutinizing building managers' efforts to avoid outbreaks of Legionnaires' disease as they re-open movie theaters, gyms, schools and offices that had been closed for months due to the coronavirus pandemic, industry sources told Reuters.

Electric vehicle maker Tesla Inc wants to start building a new and large vehicle assembly plant in the southwestern United States as early as the third quarter of this year, the company told Texas officials in documents made public this week.

Lufthansa's biggest shareholder, German billionaire Heinz Hermann Thiele, has reached out to Berlin politicians for talks, Handelsblatt said, the latest step in a standoff over the airline's 9 billion euro (US$10.1 billion) bailout.

Ford Motor Co next week will show the next generation of its brawny F-150 pickup truck that offers a new sleeper-seat feature and over-the-air software updates in a machine Ford is counting on to help pay off coronavirus-related debts.

Tiny Kenyan start-up Gumzo is a minnow on the booming teleconferencing scene but its creators hope the platform will help companies spend more of their cash in Africa rather than on foreign technology companies.

Top officials from Facebook Inc, Alphabet Inc's Google and Twitter Inc appeared remotely before U.S. lawmakers on Thursday at a virtual hearing on foreign influence and election security.