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Oil rises after US inventories draw, optimism of economic recovery

Brent crude futures were up 33 cents at $45.91 a barrel as of 0034 GMT, extending gains into a third day

Gold ticks up on weaker dollar; solid US manufacturing data caps gains

Gold prices edged higher on Wednesday as the dollar weakened, although upbeat US manufacturing data lifted hopes about global economic recovery and curbed demand for the safe-haven metal

Exxon Mobil considering global job cuts as pandemic hurts: Spokesman

Exxon Mobil Corp is assessing possible job cuts across its worldwide operations, a spokesman said on Wednesday, after the company announced a voluntary job reduction programme in Australia

Australia Q2 GDP shrinks at record pace; Covid pushes nation into recession

Fresh outbreaks threaten to upend an already bumpy road to recovery and pile pressure on the government to keep fiscal taps open

Global Markets: Asian shares set to rise as recovery comes into focus

Investors in Asia await Australia's gross domestic product data, which is expected to confirm the economy fell into its deepest slump since the Great Depression

Eying a shale rebound, Liberty Oilfield strikes deal with Schlumberger

Consolidation will help the oilfield sector recover, Liberty Oilfield Chief Executive Chris Wright told Reuters

Samsung eyes opportunity as pandemic ignites demand for home appliances

In particular, consumers have been willing to splurge on products that make their homes cleaner

Factories worldwide shake off coronavirus gloom but outlook shaky

Surveys showing an expansion in manufacturing activity may reduce pressure on policymakers to take bolder steps to avert a deeper recession

Tesla launches $5 billion capital raise, tapping in on share surge

Tesla said it plans to use proceeds from the offering to strengthen its balance sheet and for general corporate purposes

Tesla launches $5 billion capital raise, tapping in on share surge

The move comes a day after a 5-for-1 stock split took effect, Tesla's first since its initial public offering in June 2010, and follows a nearly six-fold increase in the value of its shares this year

Apple asks suppliers to make 75 million 5G iPhones for later this year

The company expects shipments of these next-generation iPhones to reach as high as 80 million units in 2020, the report said, citing people familiar with the matter.

Argentina recasts $65-billion debt restructuring, avoids ninth default

A strong deal is a major win for Argentina, Latin America's No. 3 economy

Trump to help struggling US airlines facing downturns due to Covid-19

"We'll be helping the airlines. You have to help the airlines," Trump told reporters before departing on a visit to Kenosha, Wisconsin

USTR extends some China tariff exclusions, but only through end-2020

The U.S. Trade Representative's office said on Tuesday it has extended China tariff exclusions for a wide range of goods rather than renewing the previous one-year extension.

Germany sees economy recovering faster than expected in 2020 amid pandemic

By Michael Nienaber and Christian Kraemer

China accuses US using 'national security' as excuse to act against firms

China accused the United States on Tuesday of using "national security" concerns as an excuse to act against Chinese firms

Reliance Future-proofs retail arm as it seeks to woo potential investors

The acquisition of Future Group's 2,000 retail stores and Big Bazaar grocery chain will help Reliance, which sells everything from groceries to electronics

Lawsuit says McDonald's discriminates against Black franchise owners

McDonald's Corp has been sued by 52 Black former franchise owners who accuse the fast-food giant of racial discrimination

Gail India offers US 3 LNG cargoes for loading from Cove point - sources

GAIL (India) has offered at least three liquefied natural gas (LNG) cargoes for loading from the Cove Point terminal in Maryland in the United States over May to July

India's power output falls for sixth straight month in August, show data

In the second half of August, electricity generation declined 4.5%, compared with a 2.6% increase during the first fifteen days of the month.