Markets

Holiday shoppers braving the coronavirus pandemic to buy gifts in person are checking which stores are naughty or nice in terms of public health, a worldwide survey released on Monday showed.

U.S. aircraft parts maker Spirit AeroSystems said on Monday it reached a deal with Bombardier Inc to cut the cash component of a deal to buy the Canadian planemaker's aerostructures unit by 45per cent to US$275 million as COVID-19 weighed on the aerospace sector.

Prosecutors in the German city of Stuttgart have dropped a market manipulation investigation into former Volkswagen chief executive Martin Winterkorn, deferring to a criminal case against him in the city of Braunschweig.

Sales of new U.S. single-family homes unexpectedly fell in September after four straight monthly increases, but the housing market remains supported by record low mortgage rates and demand for more room as the COVID-19 pandemic drags on.

U.S. stocks extended their slide on Monday, setting the Dow for its worst day in more than seven weeks, as soaring coronavirus cases and a deadlock in Washington over the next fiscal relief bill raised concerns over the economy and corporate earnings.

Sales of new U.S. single-family homes unexpectedly fell in September after four straight monthly increases, but the housing market remains supported by record low mortgage rates and demand for more room as the COVID-19 pandemic drags on.

Sales of new U.S. single-family homes unexpectedly fell in September after four straight monthly increases, but the housing market remains supported by record low mortgage rates and demand for more room as the COVID-19 pandemic drags on.

OPEC's secretary general said on Monday an oil market recovery may take longer than hoped as coronavirus inflections rise around the world, and OPEC and its allies would "stay the course" in balancing the market.

The World Trade Organization (WTO) on Monday formally authorized the European Union to impose sanctions on the United States in retaliation for subsidies to planemaker Boeing , the European Commission said.

GENEVA: World Trade Organization (WTO) members gave the green light on Monday (Oct 26) for Brussels to slap tariffs on US$4 billion in US imports annually in retaliation for illegal American aid to plane maker Boeing. A WTO arbitrator had ruled on Oct 13 that the retaliatory sanctions were ......